New Year brings new Bitcoin Fork

World Bitcoin, the new hardfork of Bitcoin, was implemented on 12 of January, at block 503 888
15 January 2018   213

At block 503 888, (January 12), another crypto-currency was separated from bitcoin. The new fork was called World Bitcoin (WBTC). And if the goal of other hard forks is to develop new functions designed to overcome the limitations of bitcoin, WBTC will focus, according to the website, on building a "global application infrastructure". This is reported by Bitcoin.com.

The total amount of WBTC will be 2.121 billion, of which 21 million will remain under the control of the WBTC Foundation, which will use them for marketing, building a global ecosystem and developing new functions. Bitcoin holders can receive WBTC in a ratio of 1 BTC: 100 WBTC.

According to official website, these are the milestones of the new coin for the nearest future:

  • 2018.06  Establish gamification ecological chain
  • 2018.09  Establish copyright ecological chain
  • 2019.03  Establish the content distribution ecological chain
  • 2019.07  Establish blockchain digital e-commerce chain
  • 2019.12  Establish blockchain network card (CTID)

The World Bitcoin team stated that one of its advisors is Sean Zou, president of Xunlei Ltd. (NASDAQ: XNET). Xunlei itself issued an official statement on Monday saying that Sean Tsu is not related to the WBTC, noting that investors should take a more responsible approach to their work, instead of blindly believing rumors.

The project code is available on GitHub, one WBTC support in purses has not yet been implemented.

Poland’s Central Bank Sponsored Anti-Crypto Campaign

The Central Bank of Poland has admitted to sponsoring a smear campaign against cryptocurrencies on social networks
21 February 2018   38

According to a Polish news portal, the anti-crypto campaign was orchestrated by Youtube blogger from Poland, Gamellon. For this campaign, the Central Bank of Poland had spent 91,000 Zloty (about $27,000).

At the time of writing this article, this video has over 500,000 views and has not been marked as a paid promotion.

Gamellon used the hashtag #uważajnakryptowaluty, which stands for a website set up by the Polish government to warn users about cryptocurrencies. According to this site, there are several reasons on why users should be wary of cryptocurrencies.

Another blogger Planeta Faktów published a sponsored video on their channel titled ’10 Differences between money and cryptocurrency that you need to know’. It also has the same hashtag, #uważajnakryptowaluty. But unlike Gamellon ’s video, this one has an ‘Includes Paid Promotion’ tag at the start of the video.

There is no law against cryptocurrencies in Poland. But it is illegal to create sponsored content without explicitly mentioning it.