SegWit implemented in Bitwala Wallet

The implementation intends to lower the fees when sending or receiving bitcoin into wallet to or from another wallet that supports SegWit
14 December 2017   1698

Yesterday Bitwala announced that it have implemented SegWit into the Bitwala Wallet and now it is available for all users of wallet. SegWit is a technical improvement of the Bitcoin Blockchain that paves the way for cheaper transactions and enables scaling solutions on top of Bitcoin.

Segregated Witness was activated on the Bitcoin Network on August 24th, 2017 on block #481824. It has since seen a steady increase in adoption, and SegWit transaction makes up about 9% of all Bitcoin transactions.

Segwit chartsSegWit Transaction percentage Charts

The update intends to lower the fees when sending or receiving bitcoin into wallet to or from another wallet that supports SegWit.

The full potential of the SegWit upgrade will unfold as more and more participants in the ecosystem update their systems. While the cost of transactions will be reduced with SegWit, users will continue paying the current fees because Bitwala’s payment processor is yet to activate SegWit. It is expected the upgrade to take place in Q1 2018.

BTC Extortionists to Send Explosion Threats In US & CA

Police reported that explosive devices in the places specified by extortionists were not found
14 December 2018   21

In Canada and the United States, local businesses and residents received letters threatening to detonate a bomb if they did not send bitcoins to extortionists. Because of this, in some regions, law enforcement officers evacuated people from bus stations, schools and airports, reports Global News.

Extortionists threatened to blow up universities, schools, city halls and local businesses in the US states of Utah, Aidaxo, New York, Oklahoma and Illinois. The New York City Police Department urged residents not to panic or send bitcoins to criminals. Police also reported that explosive devices in the places specified by extortionists were not found.

In Canada, extortionists promised to blow up buildings and car dealerships in Toronto, Edmonton, Ottawa, Calgary and Montreal. Some residents of the attackers asked for a ransom in bitcoins in the amount of $ 20 thousand. After verification, the Calgary police stated that the messages were part of phishing attacks and did not pose a threat to the public.