Coinbase changes its mind about Bitcoin Gold

Coinbase will call "Bitcoin" the chain with the most accumulated difficulty
26 October 2017   2767

Initially, Bitcoin exchange Coinbase issued a statement regarding the SegWit2x and Bitcoin Gold hardforks, confirming that, if SegWit2x implemented, it will keep the BTC ticker for the original bitcoin chain.

However, now Coinbase announces quite the opposite thing: it will call "Bitcoin" the chain with the most accumulated difficulty.

Brian Armstrong, Co-founder & CEO at Coinbase, made an apology anout the confusion caused by the initial statement.

Apologies our initial post was not as clear as it could have been about what happens after the fork. Determining when the chains are "stable" is a judgement call. Market cap, community support, etc would all factor in. High level thought is that the market should decide (not us) - so our attempt is to remain as neutral as possible here. Also: communicating intentions turns out to be hard! Thank you for bearing with us :)

Brian Armstrong
Co-founder & CEO at Coinbase

On top of that, the company stresses that when making the final decision Coinbase will take into account the stability of the network, market capitalization and the community support. The representatives also note that they always  adopt a position of neutrality on any forks, letting the market decide. 

It is alos noteworthy that the new statement was made only a day after the company had made the previous one. Now, a great deal of criticism comes down on Coinbase. In particular, the founder of Litecoin and the opponent of SegWit2x, Charlie Lee, expresses the dissatisfaction with the company's policy.

Earlier this month, Coinbase was included in the "black list" of the portal due to the company's position on SegWit2x.

What is Coinbase up to, remains to be seen.

OKEx to Delist Bitcoin Gold Futures

As the reason for this decision, it is called the “insufficient liquidity” of this financial instrument 
21 January 2019   2172

OKEx reported on the imminent delisting of all Bitcoin Gold (BTG) futures contracts, including weekly, two-week and quarterly contracts. As the reason for this decision, the exchange refers to the “insufficient liquidity” of the financial instrument.

All BTG futures contracts will be calculated on 9am, Jan 25, 2019 (CET, UTC+1) in accordance with the price fixed in the BTG / USD index on OKEx an hour before.

In addition, on January 30, all data on BTG futures trading will be deleted, and therefore the exchange recommends that users who may need this data download them in advance.

Bitcoin Gold separated from the main bitcoin blockchain in November 2017. Last May, the cryptocurrency network was attacked by 51%, during which 388,000 BTG (about $ 18 million) were stolen from several exchanges. Currently, Bitcoin Gold is the 27th largest cryptocurrency with a capitalization of $ 195 million.