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
19 February 2018   815

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 May Approve BTC ETF in 2019

This thought was told by Bill Barhydt, chief executive of bitcoin payment start-up Abra
05 September 2018   414

In an interview with CNBC, the head of Abra, Bill Barhydt, said that the SEC had not yet approved the bitcoin-ETF because the initiators of the launch of these funds "do not meet the expectations" of the agency.

I think the issue with the SEC, quite frankly, is that the people who are doing the applications don't fit mold of who the SEC is used to approving. I used to work for Goldman Sachs, but if you look at how I'm dressed you probably wouldn't know it. So I probably, unfortunately, couldn't go like I am here to a meeting at the SEC to say I'm applying for the ability to issue an ETF.

Bill Barhydt

CEO, Abra

According to Barhydt, the applicant must "look, smell and behave" as the SEC wants to approve the application. He also believes that the application for the launch of ETF from a reputable financial company will be approved rather than from a start-up.

He also expressed confidence that the first publicly cryptocurrency ETF will appear next year.

It's going to happen in the next year, I would actually make a bet on it. There is too much demand for it.

Bill Barhydt

CEO, Abra

In late August, the SEC rejected an application for the ProShares Bitcoin ETF and ProShares Short Bitcoin ETF. At the same time, a similar fate awaited several applications for the launch of Bitcoin-ETF from Direxion and GraniteShares.