Bitcoin Scrypt to Undergo Hard Fork

BitcoinScrypt announced that it will have a Kimoto Gravity Well hard fork which is scheduled for Feb 19, 2018
14 February 2018   84

BitcoinScrypt aims to decentralize mining by moving from a pure Proof-of-Work consensus algorithm, to a hybrid Proof-of-Stake consensus algorithm. Further, it plans to decentralize Bitcoin-sCrypt coin development by adding CryptoVoter blockchain voting functionality directly to the wallet client to allow for blockchain voting on development issues so that the community can vote on the direction of the coin.

As it was announced on the official website of BitcoinScrypt, it will have a Kimoto Gravity Well hard fork which is scheduled for Feb 19, 2018. All clients are recommended to update to Bitcoin-sCrypt v.1.6.0 before the fork.

Bitcoinscrypt countdown at the moment of pressBitcoinScrypt hard fork countdown at the moment of press

All Bitcoin-sCrypt coins existing before the hard-fork will continue to exist in their same wallets and addresses after the hard fork, and users just need to download the latest wallet client.

At the moment of press, these are main market parameters of Bitcoin Scrypt:

Average price: $0,138057
Market cap: $2 302 076
24h volume: $15 015

SEC Suspends Trading in 3 Companies

On Friday The U.S. Securities and Exchange Commission temporarily suspended the trading of three companies as they made the purchase of cryptocurrency and blockchain-related assets
17 February 2018   126

According to the announcement, the trade of  Cherubim Investments, Inc., PDX Partners, Inc., and Victura Construction Group, Inc. will be suspended between 9:30 a.m. EST Friday and March 2. The notice was dated Feb. 15.

SEC stated that its trading suspension orders state that recent press releases issued by CHIT, PDXP, and VICT claimed that the companies acquired AAA-rated assets from a subsidiary of a private equity investor in cryptocurrency and blockchain technology, among other things.

The release also indicates additional reasons for the suspensions. The agency’s orders also say there are questions regarding the nature of the company's business operations. In case of CHIT, the Commission suspended trading in the securities because of its delinquency in filing annual and quarterly reports.

In August 2017, the SEC  issued a warning for investors about the companies that may publicly announce ICO or coin-related events to affect the price of the company’s common stock.

Fraudsters often try to use the lure of new and emerging technologies to convince potential victims to invest their money in scams. 

U.S. Securities and Exchange Commission