BitPico has abandoned the SegWit2X implementation

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

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However, as follows from a letter on the Linux Foundation, now this statement is also withdrawn.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

 

Israel will reveal the status of cryptocurrencies in the next six months

Now in Israel people should make their decision on Bitcoin and it will be claimed soon
20 November

 

Israeli Ministry of Finance announced they will do some research on Bitcoin and cryptocurrency together with accounting firms.

This decision came from meeting initiated by Finance Minister Moshe Kahlon. At the meeting they realized Israel wasn’t prepared to accept cryptocurrency.

We are leading this with the minister and very happy to see he is all for it. The committees will begin their operations very fast. In my opinion, we will see results on the ground in up to six months.

 

Moshe Hogeg, Israeli serial entrepreneur.

The situation with uncertainty on Bitcoin mentioned above created a lot of trouble for businessmen and users on cryptocurrency.

For example, in June Tel Aviv district court announced that banks may reject Bitcoin ventures because of the inability to verify the KYC and AML. Also Israeli Tax Authority decided that if Bitcoin is not a legal currency, the sales of BTC will hurt adoption.

Although not everyone supports the recommendations of researchers. In Israel there is at least one high-ranking placeman who is convinced in pernicious impact of cryptocurrencies for economy and many share his view.

The Head of Israel Securities Authority (ISA) expressed his opinion that Bitcoin and ICOs should be strongly regulated. ISA instituted its own committee to assess regulations on Bitcoin and other cryptocurrencies.