Blockchain .info announced Segregated Witness support

According to the announcement of one of the most popular Bitcoin wallets, SegWit will be implemented in the 2018 Q1
16 November 2017   468

Team of the Blockchain .info, one of the most popular Bitcoin wallet, announced that full Segregated Witness (SegWit) support will be implemented in the first quarter of 2018. Also, Bitcoin Cash support is coming in December.

SegWit protocol was activated in August this year, but a number of services and companies have not yet implemented it into their codebase. On the background of a mempool, full with spam transactions and an unprecedented growth in commissions, the representatives of the bitcoin community have recently begun to appeal to large companies like Blockchain .info, Coinbase and BitPay with questions when this happens.

The official answer of Blockchain.info was given on Wednesday, November 15, and although it talks about the upcoming support of SegWit, some points in the statement of the British company raise questions.

In 2018 we will be rolling out support for SegWit within our wallet products. This will be a major and complex update to some of the most sensitive parts of our codebase, across a wide variety of platforms and devices, affecting billions in user transactions with potentially significant privacy implications. We will do this cautiously but also with consideration for the rising miner’s fees within the bitcoin ecosystem. We are excited about the advances SegWit offers and we plan to begin making it available within our wallets in as soon as possible in 2018, with an eye towards rollout in Q1.
 

Blockchain .info Team

At the same time, the company notes a steady demand for Bitcoin Cash and plans to add full support for the altcoin. Until the end of 2017 BCH will appear in the web version of the wallet, and until the end of the first quarter of 2018 - in mobile applications for devices on Android and iOs.

Also, interesting thoughts can be found about the canceled SegWit2x. It is also worth reminding that CEO of Blockchain. info, Peter Smith was one of six supporters of SegWit2x, on behalf of whom last week a statement was issued to cancel this hardfork.

We recently communicated that our service would be unavailable during the Segwit2x hard fork. While plans for the hard fork have been suspended, there may be some network instability at block height 494,784.
We’ll be monitoring the network closely. Should network instability threaten the safety of our users’ funds, we may briefly suspend outgoing bitcoin transactions but anticipate any suspension to last no more than 1h.
 

Blockchain .info Team

 

First real-life cryptocurrency robbery reported in Taiwan

Four men stole 5 million Taiwanese dollar worth of Bitcoin, the police has already arrested the suspects
22 February 2018   57

Bitcoin has attracted lots of unwanted attention from hackers and scammers alike. Recently not a week passes without news of an exchange or user being hacked or some company's computers being hijacked to mine cryptocurrency. And now Taiwanese news outlets report first real-life robbery of Bitcoin in their country.

The robbery took place in Taichung, Taiwan's central city. The police reports three men being involved in the robbery itself and one as a planner. Criminals persuaded the victim to meet with them face-to-face under the guise of being interested in buying Bitcoin from him. After the victim showed the robbers the proof of his bitcoins on his phone, the men attacked him and his friend and transferred 18 bitcoins worth 5 million Taiwanese dollar via the phone wallet.

The suspects then forced the unfortunate seller to drink strong local liquor to make everything look like a drunken fight had taken place. The police arrived at the scene after receiving the reports of a fight and found two victims. Two of the offenders had fled, but the third has been arrested at the scene of the crime. He later provided investigation with information about his accomplices. They were arrested soon after.

The police later apprehended the man believed to be the mastermind behind the plan. All this was released in the yesterday's report by the Taiwanese law enforcement and the case is already viewed as “the first domestic case of bitcoin robbery”. The report doesn't mention if the crypto was returned to the rightful owner.

Similar cases has been rumored to happen in the US, but no records are released as of yet. So the unofficial governmental advice is to be more cautious of the buyers requesting face to face meetings in the light of this event.