Garzik Forks UnitedBitcoin Away from "Maximalists" to Support Altcoin Communities

A new project called UnitedBitcoin (warning: the site autoplays audio) promises to add smart contract features using the UTXO model, support for the lightning network and SegWit, and eight-megabyte blocks.

Now the SegWit2x Hard Fork Has Really Failed to Activate

In case there were any remaining doubts, it now seems clear that the SegWit2x hard fork will not happen. The SegWit2x project, a product of the New York Agreement signed onto by a long list of companies and miners in May, had scheduled a hard fork to double Bitcoin’s block weight limit today.

De-briefing Ethereum’s Parity Predicament: What’s Next?

After an unidentified actor “accidentally” triggered a series of bugs that destroyed approximately $150 million worth of digital currency, the world waits for a substantive answer — is this vulnerability an anomaly? An “I told you so”? Or a humbling opportunity to secure the Ethereum network? What Happened? On November 6, “Devops199,” an alleged amateur programmer, set off a chain of bugs on Parity, a popular digital wallet for Ethereum.

De-briefing Ethereum’s Parity Predicament: What’s Next?

After an unidentified actor “accidentally” triggered a series of bugs that destroyed approximately $150 million worth of digital currency, the world waits for a substantive answer — is this vulnerability an anomaly? An “I told you so”? Or a humbling opportunity to secure the Ethereum network? What Happened? On November 6, “Devops199,” an alleged amateur programmer, set off a chain of bugs on Parity, a popular digital wallet for Ethereum.

Parity Ponders Hard Fork Fix for 160 Million in Frozen Ether

Parity Technologies has released an update about their investigation into the multi-signature wallet bug that permanently froze hundreds of millions of dollars worth of ether. Unfortunately for wallet owners, the analysis has not yet revealed any turnkey solutions. Last week, 587 wallets containing a total of 513,774.16 ether — worth $161 million at current exchange rates — were permanently locked following the exploitation of a vulnerability in the library contract that governs Parity’s multi-sig wallets.
Bitcoin Gold Launches to Little Fanfare

Bitcoin Gold Launches to Little Fanfare

The bitcoin gold (BTG) network activated on Sunday with the idealistic goal to “make bitcoin decentralized again” by blocking the use of ASIC miners, but several metrics indicate that it faces significant obstacles in its quest to fulfill that mission. Bitcoin Gold Network Launches Though technically an altcoin, bitcoin gold is the latest cryptocurrency created by forking the bitcoin blockchain — rather than just its source code.
Bitcoin Gold Launches to Little Fanfare

Bitcoin Gold Launches to Little Fanfare

The bitcoin gold (BTG) network activated on Sunday with the idealistic goal to “make bitcoin decentralized again” by blocking the use of ASIC miners, but several metrics indicate that it faces significant obstacles in its quest to fulfill that mission. Bitcoin Gold Network Launches Though technically an altcoin, bitcoin gold is the latest cryptocurrency created by forking the bitcoin blockchain — rather than just its source code.
Bitcoin Gold to Launch on November 12, But Will Anyone Care?

Bitcoin Gold to Launch on November 12, But Will Anyone Care?

The Bitcoin Gold developers are preparing the cryptocurrency’s network for its official launch. As CCN has reported, bitcoin gold (BTG) is an altcoin that will be created through a fork of the main bitcoin blockchain. Consequently, like bitcoin cash, it will have a shared blockchain history with bitcoin up until the fork.

Mysterious Group BitPico Threatens to Execute the Bitcoin Hard Fork

A mysterious individual or group operating under the name “BitPico” has vowed that it will activate the SegWit2x hard fork as planned despite the decision by leading proponents to suspend the controversial scaling proposal indefinitely. As CCN reported on Wednesday, a group of leading SegWit2x advocates — including developer Jeff Garzik, project lead Mike Belshe, and Bitmain CEO Jihan Wu — published a joint statement calling off the hard fork until consensus for the upgrade could be achieved.
2x Called Off: Bitcoin Hard Fork Suspended for Lack of Consensus

2x Called Off: Bitcoin Hard Fork Suspended for Lack of Consensus

The organizers of a controversial bitcoin software update are suspending their attempt to increase the block size by way of a hard fork. Known for its strong early support from bitcoin startups and mining pools, the plan, called Segwit2x, or simply '2x,' was to trigger a block size increase at block 494,784, expected to occur on or around November 16th. The goal of the project, according to those involved, was to use the measure to increase bitcoin's transaction capacity, which is today constrained by the nature of the software's rules.
Bitcoin Price Remains Above $7,200 Despite Sell-Off of B2X-Expecting Investors

Bitcoin Price Remains Above $7,200 Despite Sell-Off of B2X-Expecting Investors

Subsequent to the cancellation of the SegWit2x hard fork, the bitcoin price experienced an abrupt surge from $7,300 to $7,900. Upon reaching a new all-time high, bitcoin price has since fallen to $7,200. As CCN previously reported, highly regarded analysts and bitcoin researchers including Will Woo of Woobull.
Bitcoin Price Achieves New All-Time High at $7,800, as SegWit2x is Canceled

Bitcoin Price Achieves New All-Time High at $7,800, as SegWit2x is Canceled

Earlier today, on November 8, BitGo CEO Mike Belshe announced the end of SegWit2x on the SegWit2x Mailing List. Shortly thereafter, the bitcoin price surged to $7,800, achieving a new all-time high. Many of the major supporters of SegWit2x including ShapeShift CEO Erik Voorhees, Bitmain founder Jihan Wu, Xapo CEO Wences Casares, Blockchain CEO Peter Smith, and SegWit2x lead developer Jeff Garzik signed the official announcement of Belshe, officially announcing their withdrawal of support from the SegWit2x hard fork.

SegWit2x Hard Fork Called Off: ‘Common Sense’ or ‘Delaying the Inevitable’?

The controversial SegWit2x fork has been suspended indefinitely, with promoters citing a lack of consensus for the November 16 software upgrade. SegWit2x Called Off The suspension was announced by SegWit2x project lead Mike Belshe in an email distributed to the SegWit2x mailing list, but it also bore the signatures of Wences Casares, Jihan Wu, Jeff Garzik, Peter Smith, and Erik Voorhees.
Bitcoin Price Rebounds to $7,400 as SegWit2x Support Declines

Bitcoin Price Rebounds to $7,400 as SegWit2x Support Declines

Earlier today, on November 8, the bitcoin price recovered to over $7,400 after dipping briefly below $7,000, as the market continued to show support for the original bitcoin blockchain over SegWit2x. Decline in Support For SegWit2x Charlie Lee, the creator of Litecoin and former Coinbase executive, revealed that Nick Szabo, blockchain, bitcoin, and smart contracts pioneer whom the bitcoin community considers as a figure closest to bitcoin creator Satoshi Nakamoto, has publicly expressed his opposition against SegWit2x.
Bitcoin Price Rebounds to $7,400 as SegWit2x Support Declines

Bitcoin Price Rebounds to $7,400 as SegWit2x Support Declines

Earlier today, on November 8, the bitcoin price recovered to over $7,400 after dipping briefly below $7,000, as the market continued to show support for the original bitcoin blockchain over SegWit2x. Decline in Support For SegWit2x Charlie Lee, the creator of Litecoin and former Coinbase executive, revealed that Nick Szabo, blockchain, bitcoin, and smart contracts pioneer whom the bitcoin community considers as a figure closest to bitcoin creator Satoshi Nakamoto, has publicly expressed his opposition against SegWit2x.
Will SegWit2x Lead to Major Bitcoin Price Decline by End of November?

Will SegWit2x Lead to Major Bitcoin Price Decline by End of November?

Willy Woo, a highly regarded cryptocurrency and bitcoin analyst well known for his contribution to WooBull.com, has stated that the bitcoin price could suffer a major correction by the end of November, upon the SegWit2x hard fork. A wild stab for November… BTC dumps before the HF, alts rebound, and a 3-way hash war between the 3 Bitcoins and BCH gaining a lot of value. — Willy Woo (@woonomic) November 6, 2017   Theory on Potential Bitcoin Price Decline After November 16 Analysts including Woo and Tom Lee of Fundstrat have emphasized for many months that the SegWIt2x hard fork scheduled to be executed on November 16 could very likely lead to a major price correction, as a small portion of bitcoin investors who have allocated their funds from alternative cryptocurrencies (altcoins) to bitcoin with the sole purpose of obtaining the newly created SegWit2x coins or B2X reallocate their funds back to altcoins.

Bittrex on SegWit2x: Bitcoin Will Remain as BTC, Market Will Decide

Bittrex, the third largest cryptocurrency exchange in the world by trading volume, has released an official statement regarding the SegWit2x hard fork scheduled to be executed on November 16. Original Bitcoin Blockchain Will Continue as “BTC” In the statement, Julian Yap of Bittrex emphasized that the original bitcoin blockchain will continue with the moniker “BTC” after the SegWit2x hard fork occurs later this month.
Bitcoin Price Stabilizes at $7,300 After Achieving a New All-Time High

Bitcoin Price Stabilizes at $7,300 After Achieving a New All-Time High

The bitcoin price has demonstrated a minor correction subsequent to achieving a new all-time high on November 5, declining from over $7,500 to $7,270 within the past 24 hours. Yesterday, CCN reported that the bitcoin price officially achieved a new all-time high at $7,598, with upward momentum triggered by the entrance of institutional and retail investors from the traditional financial industry.

BitGo Engineer: Bitcoin Price is Building Momentum to “Bust Through SegWit2x”

Jameson Lopp, a highly regarded bitcoin developer and the lead engineer at BitGo, has stated that the bitcoin price is building momentum to get through the SegWit2x hard fork scheduled for November 16. My theory: Bitcoin's building up momentum to bust through the SegWit2X fork. 🙃 pic.twitter.com/gX5gT9DqZl — Jameson Lopp (@lopp) November 3, 2017 $3,300 to $7,400 Within October Since early October, the price of bitcoin has increased from $3,300 to $7,400, by over $4,100 within a 30-day span.

These International Bitcoin Communities Are Rejecting SegWit2x

The hard fork part of the New York Agreement is scheduled to take place within about two weeks. This incompatible protocol rule change is set to increase Bitcoin’s block weight limit, to allow for more transactions on the network — if everyone adopts the change.

To B2X or Not to B2X: How Exchanges Will List the SegWit2x Coin

The SegWit2x hard fork is drawing closer by the day. Within little over two weeks after the publication of this article, a group of Bitcoin companies and miners plans to double Bitcoin’s block weight limit as per the New York Agreement.
Bitcoin Price Achieves New All-Time High at $6,345; Factors For Surge

Bitcoin Price Achieves New All-Time High at $6,345; Factors For Surge

Earlier today, on October 30, the bitcoin price has achieved a new all-time high at $6,345, as the market continues to demonstrate optimism towards bitcoin ETFs, the possibility of China resuming cryptocurrency trading, South Korea’s regulation of bitcoin, and bitcoin hard forks. Major Factors For Recent Bitcoin Price Surge The recent price surge of bitcoin from $5,800 to $6,345 can be attributed to a wide range of factors including the high probability of bitcoin ETF approval and China resuming cryptocurrency trading later this year.

GBMiners: We Haven’t Pulled Out of the SegWit2x Agreement

GBMiners, India’s largest bitcoin mining pool operator, has clarified that the company has not pulled out from the SegWit2x (NYA) agreement. Earlier this week, CCN reported that Litecoin creator and former Coinbase executive Charlie Lee revealed GBMiners stopped signaling for the SegWit2x hard fork expected to occur in November.
Litecoin’s Charlie Lee: GBMiners Has Stopped Signaling For SegWit2x Bitcoin Hard Fork

Litecoin’s Charlie Lee: GBMiners Has Stopped Signaling For SegWit2x Bitcoin Hard Fork

On October 27, Litecoin creator and former Coinbase executive Charlie Lee revealed that GBMiners, a major mining pool operator, has stopped signaling for the SegWit2x hard fork expected to occur in mid-November. Lee stated: GBMiners (~2.5% of total BTC hashrate) stopped signaling for Segwit2x hardfork. First of many pools to realize the folly of this hardfork. 👏 pic.

Hong Kong Bitcoin Community Strongly Rejects SegWit2x

The Hong Kong bitcoin community, which includes individuals, meetups, events, and organizations, has strongly rejected the SegWit2x hard fork expected to occur on November 16 later this year. Already, apart from four companies, most of the major bitcoin service providers in Hong Kong such as Bitfinex, BitMEX, Bitspark, Gatecoin, OKCoin, and Tidebit have clarified bitcoin will remains as “BTC” after the fork, and SegWit2x will be considered as “B2X.