Xapo refused to consider original BTC as "real" bitcoin

The provideder of bitcoin wallet Xapo refused to give a guarantee that it will recognize the BTC chain as a "real" bitcoin after the SegWit2x
10 October 2017   987

As the head of the company Wences Casares stated, the BTC ticker will be awarded to the chain with the greatest difficulty.

As noted in the new message on the Xapo blog, the company's position on the upcoming hardfork is identical to the one it took before the Bitcoin cash hardfork. Users of the service, therefore, will have access to both coins after the fork, however, which chain will be considered as a real bitcoin, Xapo at a given moment can not say.

Xapo’s policy in regards to forks is that, when there is a fork, we always follow the chain with the most accumulated difficulty and we make the minority chain available to our customers for them to sell or withdraw from Xapo.
We are going to call the chain with the most accumulated difficulty Bitcoin or BTC . If the minority chain is the one with 1MB blocks we are going to call it BC1 and if the minority chain is the one with 2MB blocks we are going to call it BC2.
 

Federico Murrrone
Co-Founder and COO,  Xapo

Xapo was one of the companies that signed an agreement on the activation of SegWit2x. To date, however, the project has not done any additional official announcements.

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.