BitPico has abandoned the SegWit2X implementation

One of the last supporters of SegWit2x hardfork now refuse to implement it 
13 November 2017   1310

The bitPico mining pool stated that it is refusing to implement the SegWit2X hardfork.

Last week, a group of SegWit2X supporters, including developer Jeff Garzick, BitGo head Mike Belsh and Cihan Wu of Bitmain, said that they were abandoning their plans because they did not see consensus within the community.

After a short time, a statement of a little-known bitPico mining pool appeared, claiming that it controls about 30% of the bitcoine hash and intends to implement it in any case.

However, as follows from a letter on the Linux Foundation, now this statement is also withdrawn.

We are backing out of the SegWit2x effort; the markets have spoken. People who like big blocks have Bitcoin Cash and people who like Layer-2 Networks, Compact Binary Transactions, UDP FEC Global LEO SAT coverage, encrypted TCP channels, experimenting and etc have Bitcoin. We are immediately reverting all SegWit2x specific changes in our codebase (2MB block size logic, DNS Seeds, segwit2x service flag, etc). Lastly; In the future we will be simply following the longest chain of work and doing more R&D instead because this working group has been nothing but a waste of time for everybody involved except the pump and dumpers and the inside traders. May the fork be with you...
 

BitPico Statement

 

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.