BTC to undergo a hard fork in January: Bitcoin Cash Plus

Bitcoin Cash Plus is a hard fork of Bitcoin, which will bring Peer-to-Peer Electronic Cash, has nothing to do with Bitcoin Cash and is scheduled for January 2nd, 2018  
25 December 2017   3963

There are a lot of Bitcoin forks that have already been implemented and there are a lot hard forks which are coming. Bitcoin Cash Plus is a hard fork of Bitcoin, which aims to fulfill the original promise of Bitcoin as "Peer-to-Peer Electronic Cash".

As it is stated on the official website of the hard fork, all Bitcoin holders as of block 501407 will become owners of Bitcoin Cash Plus at 7 a. m. on January 2, 2018.

Bitcoin Cash Plus logoBitcoin Cash Plus hard fork logo

Bitcoin Cash Plus features:

  • A network that runs without congestion
  • Low fees that allow users to send money globally for pennies
  • A simple, easy to use currency
  • A stable payment system that functions as a proven store of value
  • A secure platform built on the world’s most robust blockchain technology
  • On chain scalability with an increased default blocksize limit of 8MB
  • Decentralized mining through the Equihash PoW algorithm

Nevertheless, the GitHub link does not provide any repositories, and the Nodes, Wallets and Team sections on Bitcoin Cash Plus website are empty. The project appeared in the web on November 15, and the testnet launch was scheduled for December 12, but still did not occur. As soon as the launch of new cryptocurrency is scheduled for January 2 of 2018, we can just wait and see what the new hard fork will bring.

At the moment of press, these are main market parameters of Bitcoin:

  • Average price: $14 123,80
  • Marketcap: $236 743 305 086
  • 24h volume: $11 244 500 000

Bank of America: Cryptocurrencies Are a Threat

Bank of America (BoA) has admitted to US regulators it can not pretend any longer that cryptocurrencies are not a threat
23 February 2018   137

On February 22, the report was filed with the US Securities and Exchange Commission (SEC). It listed a range of economic, geopolitical, and operational risks that the Charlotte, NC-based bank faces as it heads into the new fiscal year. Crypto adoption was on the list for the first time.

Bank of America (BoA), which recently banned purchasing of crypto with credit cards, stated that this and other similar policies could cost the bank clients.

Clients may choose to conduct business with other market participants who engage in business or offer products in areas we deem speculative or risky, such as cryptocurrencies.

The second largest bank in the U.S. said that adoption of cryptocurrencies could require the bank to make “substantial expenditures” to update its existing services and remain competitive with upstart firms.

The widespread adoption of new technologies, including internet services, cryptocurrencies, and payment systems, could require substantial expenditures to modify or adapt our existing products and services.

According to the Bank of America, cryptocurrencies could limit the institution’s ability to comply with anti-money laundering regulations.

Eventually, this is one of the first public admissions that financial institutions are beginning to worry that mass cryptocurrency adoption could one day become a reality.