More than 400k BTC withdrawn from Coinbase cold wallets

In anticipation of Bitcoin Cash hardfork more than 400k BTC withdrawn from Coinbase cold wallets
01 August 2017   2376
Bitcoin

Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen

Today, August 1st, SegWit opponents are to launch a user-activated hard fork (UAHF) to create Bitcoin Cash, a cryptocurrency competing with Bitcoin, which is going to disrupt cryptocurrency world's relative stability to a large extent. 

Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

For now, right after the leading Bitcoin storage wallet Coinbase refused to support the new asset more than 400 000 BTC were withdrawn from the company's cold wallets, reports the analytical resource Blockseer:

A number of exchanges and wallets, including Coinbase, refused to support the new asset. The company's user agreement states that the company has the right to decide on supporting changes in the Bitcoin protocol. However, some members of the community believe that Coinbase may face lawsuits in connection with the refusal to give users the Bitcoin Cash coins they suppose to get.

DFINITY to Postpone Internet Computer Launch

The project is currently assessing the time frame for the completion of the MVP
14 December 2018   67

The blockchain project Dfinity reported in its blog postponing the launch of its main product.

Previously, Dfinity chief scientist Dominic Williams said that his company intends to create an “Internet computer that will become cloud 3.0”, compete with Google Cloud and Microsoft Azure, and also change the face of the blockchain industry.

According to him, the project team is developing a technology that has 150 higher performance than Ethereum blockchain and 900 times - Bitcoin. In essence, the project creates a “giant Internet computer”, whose work will be supported not by one company, but by all participants of the Dfinity protocol.

Initially, the release of a minimum viable product (MVP) was planned for the first quarter of 2019. However, according to company representatives, working on a trimmed version may slow down progress in creating a complete product.

The project is currently assessing the time frame for the completion of the MVP. Also, noted in Dfinity, before the end of the first quarter a new set of development tools (SDK) will be released, which will shed light on the future plans of the company.

In August, the Dfinity Foundation attracted $ 102 million of investments in the framework of a closed tokensale. Prior to this, at the beginning of the year, the Dfinity Foundation raised $ 61 million from Andreessen Horowitz and Polychain Capital.