No Gold for you: wallets, that don't support BTG

List of the cryptocurrency companies, that does not support Bitcoin Gold
20 November 2017   3177

Bitcoin Gold hardfork implemented recently. As we all know, as always with new Bitcoin hardforks, those, who had original Bitcoin coins of their wallets, will be charged with new coins. Or they won't?

The most of the popular Bitcoin wallets support Bitcoin Gold. Among them:

  • Bittrex
  • YoBit
  • HitBTC
  • pool.gold
  • BitStar
  • BitBay
  • Coinomi
  • Freewallet
  • Guarda
  • bitFlyer
  • Coinnest
  • Minergate
  • Bitfinex

But there some wallets, that refuse to support Bitcoin Gold for some reasons:

  • Wex. nz
  • Poloniex
  • Jaxx
  • Shapeshift
  • Coinbase
  • Luno

Let's try to figure out, why these companies doesn't support BTG.

Wex

Wex is the reborn version of "well-known" BTC-e cryptocurrency exchange, which got a $110M penalty from US authorities for “for willfully violating U.S. anti-money laundering (AML) laws”. 

WEX. nz does not plan to charge Bitcoin Gold, but continues to closely monitor the development of Segwit2x.
 

Wex. nz statement (translated from Russian)

There are no additional details or reasons why the exchange took such a decision. 

Poloniex 

According to official statement of cryptocurrency exchange, BTG won’t be supported unless it had implemented replay protection.

We've stated in the past that the safety of our users' tokens is our chief concern. As such, we have refused to support a forked token unless it had implemented replay protection. We would like to further urge our users to be immensely cautious of any token that expects to be given private keys that control value on another blockchain. This is dangerous and unnecessary, even for an alt like BTG that seeks to distribute tokens using the state of an existing blockchain.
 

Poloniex Statement

It is worth noting that Bitcoin Gold team had already implemented replay protection, but still no BTG support by Poloniex.

Jaxx, ShapeShift

Jaxx, the popular multi-currency crypto wallet and the ShapeShift platform are not going to support Bitcoin Gold due to the lack of  fully formed consensus code, as well as the lack of implemented replay protection. Jaxx, however, is “monitoring the situation closely and with great interest”.

We do not currently have plans to support BTG in Jaxx. However, we will continue to monitor the BTG situation and will notify you of decisions we make here on our blog.
 

Anthony Di Iorio

Jaxx Team

Coinbase

Popular US exchange does not support Bitcoin Gold too.

We operate by the principle that our customers should benefit to the greatest extent possible from hard forks or other unexpected events. However, safety and security are also important considerations for any asset supported by Coinbase.

At this time, Coinbase cannot support Bitcoin Gold because its developers have not made the code available to the public for review. This is a major security risk.
 

Coinbase Team

Luno

Luno is cryptocurrency company, with exchange and wallets.

The Bitcoin Gold code is not currently in a sufficiently secure state, there was a suspicious private premine of tokens, it does not adequately support two-way replay protection, and it isn’t publicly available for review and auditing by Luno or other developers. For these reasons, Luno won’t support Bitcoin Gold.
 

Luno Statement

Court to Dismiss BCH 'Hijack' Lawsuit

UnitedCorp claimed that it incurred significant losses due to the actions of the defendants, which are Kraken, Bitmain and Roger Ver
06 February 2020   217

The court dismissed the lawsuit of the mining company United American Corp. against the Kraken exchange, its founder Jesse Powell, Bitmain, its co-founder Jihan Wu and Roger Ver, who accused them of manipulating the Bitcoin Cash market and claimed $ 4 billion in compensation. As a reason for refusal, the court pointed to the lack of jurisdiction of the case and insufficient grounds.

UnitedCorp claimed that it incurred significant losses due to the actions of the defendants, who, after the emergence of Bitcoin SV in 2018, organized the so-called “hash war” and competed for 11 days to form the longest chain. The role of the Kraken exchange in these events was due to the fact that it was the first to decide to award a ticker for the BCH chain, also called Bitcoin ABC.

The simultaneous decrease in the price of Bitcoin Cash from $ 400 to $ 200 led to a significant drop in mining revenue of UnitedCorp. The firm claimed that the defendants violated the Sherman Act (the first US antitrust law proclaiming a crime to impede free trade by creating a trust and conspiring for such a purpose), Clayton's law, which also regulates the activities of trusts, demonstrated negligence, unintentional misrepresentation, improper enrichment and treatment property in their favor.

During hash wars, the amount of computing power in the Bitcoin Cash network reached 7.88 EH / s, whereas now it is 3.99 EH / s. Due to the actions of other miners, UnitedCorp could receive a significant part of the awards it had hoped for before, and the depreciation only worsened its position.

The court dismissed the claim without further restrictions. Thus, UnitedCorp is allowed to submit its revised version again until February 28th.