SegWit2x still possible. Again

Team of true SegWit2x fans is going to launch hardfork on the 28th of December, 2018
19 December 2017   7792

Some true fans of SegWit2x don't give up. New SegWit2x project website just appeared. According to the website, approx. on the 28th of December, when block 501451 will be mined, fork will be launched.

As it is stated on the project website, it intends to implement the Segwit2X, which was expected in mid-November. At the same time, developers add, the futures trading on Segwit2X hardfork on some exchanges, including HitBTC, continues.

Commission and transaction speed within the Bitcoin network has reached extraordinary values. It is almost impossible to use it as a means of payment.

Our team will carry out the Bitcoin hard fork, which was planned for mid-November. At the same time, trading of its futures has been carried out on some exchanges for a long time. HitBTC is among them.

I promise that all BTC holders will receive not only B2X in the ratio of 1 to 1, but also a proportional number of Satoshi Nakamoto`s Bitcoins as a reward for their commitment to progress.
 

Jaap Terlouw 

Founder of the project   

As the project's founder, Jaap Terlouw is listed on the site, and the idea of the team headed by him is to resume and refine the suspended Segwit2X project and create a "really anonymous and instant bitcoin."

It is claimed that the purpose of the work is not the replacement of the original network, but the effective coexistence of two networks with different purposes.

General project information:

  • Estimated date of the fork: 28.12.2017
  • Total issue: 21 million coins
  • Protection against repeated transactions: Yes
  • Unit extraction speed: 2.5 minutes
  • Mining: X11
  • Block size: increased to 4 mb
  • Recalculation of difficulty: after each block
  • Unique address format: Yes

Also, according to the roadmap, these are planned improvements:

  • Offline codes
  • Lightning Network support, instant transactions
  • ZkSnark
  • Ethereum smart contracts
  • Anonymous transactions

Creators of SegWit2x has a Telegram channel (Russian speaking, mostly) additionally to the main website. It is also worth noting that official Instagram, Twitter, second Telegram channel and Reddit are almost empty.

SEC to Need More Info on BTC ETF

SEC is gathering more input from the public – to date, according to the agency, more than 1,400 comments have been submitted
21 September 2018   170

The US Securities and Exchange Commission (SEC) announced the beginning of a formal process for considering the application for the creation of bitcoin-ETF from the New York companies VanEck and SolidX. Nevertheless, the agency appealed to the community for more information. This is stated in the document published on the SEC website.

Institution of such proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change. Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, as described below, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.
 

The US Securities and Exchange Commission

At the moment, the SEC received about 1,400 comments.

According to the document, the Chicago Board Options Exchange (CBOE) has signed an agreement on the exchange of data on bitcoin transactions, trading and the state of the market with the cryptocurrency trading platform with Gemini.

The agency asked commentators to clarify the position of Gemini in the digital currency market and assess the likelihood of increased volatility at this site in connection with possible trades of bitcoin-ETF.

So, before September 30, the department had to decide on whether to approve, deny or initiate the proceedings. The SEC chose the latter, which is likely to delay the process until the next year.