Bitcoin locked over $4800

First cyptocurrency continues its growth on the background of big events planned
10 October

Continuing steady growth on Monday, October 9, the first crypto currency went to levels above $ 4800. As of 08:00 GMT on Tuesday, the average weighted bitcoin rate, according to Coinmarketcap, was $ 4,819.58, but subsequently dropped to $ 4,802.47 to a moment of press.

The observed increase in the price of bitcoin occurs against the background of the expected Bitcoin Gold hardfork later in October and the growing disagreements in the community regarding the SegWit2x. The latter, if nothing extraordinary happens, SegWit2x will have to happen in November.

Both hardforks assume the releaze of new coins for users, which is why high trading volumes are happening last 24 hours. Bitfinex, Bithumb, BitFlyer, HitBTC and GDAX exchanges became the top five leaders in the volume of deals with Bitcoin at this hour.

Over the past 24 hours, bitcoin has risen in price almost by 5%, while its dominance index with total capitalization of $ 152 billion is over 52%.

Bitcoin Charts
Bitcoin Charts

At the same time, we can see that whole bunch of altcoins are losing their "weight". 

Top ten cryptocurrencies chart
Top ten cryptocurrencies chart

As you can see on the chart above, besides Bitcoin, only NEM continues to grow. It gained more than 8.85% in last 24 hours.

Samourai Wallet: SegWit2x is an attack on the network

Another Bitcoin-related company expressed its position regrading upcoming SegWit2x
18 October

Samourai Wallet team said that the SegWit2x is a controversial and unnecessary change in the current rules of the network and it is the attempt of a small group of players to take control over the development of the open code of bitcoin. This is stated in the official blog of the company.

As noted in the statement, Samourai Wallet supports the development of open source code by the Bitcoin Core team, which, according to company representatives, timely introduces all the necessary updates. In this regard, the service will support the longest chain of blocks, compatible with Bitcoin Core 0.15 nodes.

The S2X hard fork is particularly troubling as the development team have NOT added an important safeguard known as ‘replay protection’ to their software. Without replay protection any transaction sent on either of the chains may also be sent on the other chain (‘replayed’), leading to the high potential of users losing funds. Because of the willful insistence by the developer(s) to not add replay protection, we are classifying this hard fork as an attack on the network.
 

Samourai Wallet team

In this regard, the service will offer additional measures to protect against repetitive playback in the case of hard-core.

It is also stressed that Samourai Wallet will not provide users with access to the equivalent number of S2X tokens, and will offer to convert them to BTC at the market price.