Rebuttal: GBMiners denies leaving SegWit2x agreement

GBMiners, India’s largest Bitcoin mining pool operator, clarifies the SegWit2x agreement leaing information
31 October 2017   1214

On October 27, Charlie Lee revealed that GBMiners, a major mining pool operator, has stopped signaling for the SegWit2x hardfork expected to occur in mid-November.

Now the company clarifies that it has not pulled out from the SegWit2x (NYA) agreement. In particular, the GBMiners team explains that its mining pool briefly stopped signaling for SegWit2x because it had been testing for a few upgrades. 

We are testing for few upgrades. We haven’t pulled out of NYA.
 

GBMiners team

Thus, the information provided by Litecoin creator turned out to be not quite true. However, GBMiners only accounts for a small percentage of the global Bitcoin hashrate (at around 2.5%), while other major mining pools like F2Pool, which accounts for 14% of the Bitcoin hashrate, has pulled out of the SegWIt2x agreement.

As shown, the hash power of pools that have pulled out of the agreement has increased massively in the past week.

PBoC to Continue Anti-Crypto Propaganda

The regulator published a warning in its WeChat account called “Protection of the rights and interests of consumers of financial services”
23 March 2020   319

The People's Bank of China has returned to criticism of cryptocurrencies amid a worsening economic situation in the world.

On March 22, the regulator published a large-scale warning in its WeChat account under the heading “Protection of the rights and interests of consumers of financial services”. It describes three ways in which cryptocurrency service providers can mislead consumers.

First of all, the amount of fraud transactions with bots is serious. The average turnover rate of the top three overseas crypto currency exchanges is much higher than that of foreign licensed exchanges. Second, market manipulation exists in these exchanges where forced leveraged trading eventually causes the exchanges to explode. Third, money laundering is a big issue.

 

People's Bank of China

In addition, the Chinese Central Bank calls the opinion that Bitcoin may serve as a protective asset, erroneous. The regulator indicates its high volatility and recommends that citizens not follow the example of other investors and refuse to participate in cryptocurrency trading.