BitcoinZeroX: Bitcoin Blockchain Merged with Zero Protocol

Hexx coin plans to merge Bitcoin blockchain with Zero protocol, creating completely new coin BitcoinZeroX (BTCZ) in the third quarter of 2018
04 April 2018   5452

Hexx coin is a privacy focused digital currency with stable client and ongoing development. Hexxcoin implements Zerocoin protocol to ensure anonymity for coin users. Hexxcoin users may convert non-anonymous coins into anonymous ones, which can be sent to other users of the Hexxcoin network, and these transactions cannot be traced by any third party.

According to the white paper of Hexx coin, it will be used to "extend" the functionality of other cryptocurrencies with a low markup - this type of solution is also called merging or co-forking. Reportedly Hexx coin plans to merge Bitcoin blockchain with Zero protocol, creating completely new coin BitcoinZeroX (BTCZ) in the third quarter of 2018.

Every Hexx coin and Bitcoin holder will receive BitcoinZeroX at 1:1 ratio. BitcoinZeroX will not have developer fund and will be completely independent from Hexx coin, while the development of Hexx coin will continue. The BitcoinZeroX project will be an independent initiative from Hexx coin and will require its own dedicated whitepaper which will reportedly be released shortly.

The team of Hexx coin stated that future announcements regarding the fork will be made soon, and we will do our best to inform the readers of any upcoming news.

SEC to Decide on Bitcoin ETF until Feb 27 2019

Despite this news, Bitcoin price hit another bottom - $3400 this time
07 December 2018   97

The US Securities and Exchange Commission (SEC) issued a notice stating that consideration of a decision on an application to start Bitcoin-ETF from VanEck and SolidX with the assistance of CBOE will last until February 27 of next year.

According to the SEC rules, the period for consideration of this decision cannot be extended yet. Thus, the Commission on maximum uses the allotted time, and February 27 will be the final date for the decision on this application.

The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider this proposed rule change.
 

Securities and Exchange Commision

According to representatives of the SEC, to date, the Commision has received more than 1600 comments on this application.

Despite this news, Bitcoin price hit another bottom - $3400 this time.