Bitcoin Private Hardfork to be Implemented

Bitcoin Private will be the first fork, based on the two blockchains simultaneously
28 February 2018   1613

On Wednesday, February 28, Bitcoin Private (BTCP) hardfork with the zk-SNARK anonymity protocol will be implemented. It will be based on the bitcoin network and the zero-disclosure proof. 

Bitcoin Private will be the first fork, based on the two blockchains at the same time, and the PoW-algorithm Equihash will allow BTCP to be mined via video cards.

The block size of the network will be 2Mb, and the frequency of generation of new blocks will be 2.5 minutes, while each will contain 12.5 BTCP. The required number of blocks to confirm the new block is 100. At the same time, 10 blocks are needed for the shielding and another 10 for the return return from the shielding, which is due to the peculiarities of the zk-SNARK protocol. It is worth noting that the recalculation of the complexity will be performed after each block found.

BTCP coins will traditionally be distributed in a 1: 1 ratio between bitcoin and ZClassic holders.

It is also worth noting that project has a big team and most of them even have profile photos.

While Bitcoin Private is supported by the multi-currency Coinomi wallet and HitBTC, TradeSatoshi and KuCoin.

Bitwise to Withdraw Bitcoin ETF Application

The application was filled a year ago, company met with regulator 8 times and prepared more than 500 pages of documents
15 January 2020   132

Bitwise Asset Management, a digital asset management company, has withdrawn an application to launch a Bitcoin-linked exchange-traded fund (ETF).

On Tuesday, Bitwise sent a notice to the US Securities and Exchange Commission (SEC), where it announced that it had made such a decision "in the public interest and investor protection."

We did indeed withdraw the application. This is a procedural step, and we intend to refile our application at an appropriate time.

 

Matt Hougan

Global head of research at Bitwise

He also noted that his firm is currently “working hard” to answer the SEC questions in the 112-page commentary on the initial application.

We remain fully committed to the development of a bitcoin ETF.

 

Matt Hougan

Global head of research at Bitwise

Bitwise has applied for the launch of the Bitcoin ETF in January 2019. Since then, the company met with the regulator eight times and prepared 500 pages of documentation with arguments in favor of approving its proposal.