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World’s Largest Bitcoin Exchange, Bitfinex, Threatens Critics With Legal Action

Bitfinex, the world’s largest Bitcoin exchange by daily trading volume, has vowed to pursue legal action against critics including the anonymous blogger “Bitfinex’ed.”Stuard Hoegner, Bitfinex’s in-house counsel, stated:"To date, every claim made by these bad actors has been patently false and made simply to agitate the cryptocurrency ecosystem. As a result, Bitfinex has decided to assert

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The Motley Fool: Bitcoin’s Biggest Competition Is Litecoin

It appears when perusing CoinMarketCap that the biggest competition for Bitcoin would be number two - Ethereum. However, according to the Motley Fool, the biggest risk for Bitcoin may actually come from somewhat lower - Litecoin.Litecoin was created by Charlie Lee in 2011 and uses similar protocols as Bitcoin. According to the analysis, Bitcoin and Ethereum are really after com

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Charlie Lee: Hard Work of Bitcoin Developers Directly Benefits Litecoin

According to Charlie Lee, the creator of Litecoin and former executive at Coinbase, most innovative works done by Bitcoin developers and projects directly benefit Litecoin given the structural similarities between Bitcoin and Litecoin.Lee explained:“Every Bitcoin developer also works on Litecoin. Absolutely nothing they can do about that. If you don't like that Litecoin piggybacks off of Bitcoin

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The Lightning Network Now Supports Transactions Across Blockchains

Although still in testing phase, the lightningnetwork can now be used to send transactions across different blockchains. TheLightning Labs development team successfully swapped testnet bitcoin for testnet litecoin through a lightning channel this week: ownership of the coins changed hands, while no transaction was recorded on either blockchain.“Previous atomic swaps that I have done we

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Parity Multisig Wallet Hacked, or How Come?

BackgroundMultisignature wallets are smart-contracts designed to manage crypto assets by the consent of multiple wallet owners. This type of wallets usually allows to set daily withdrawal limits, vote for withdrawals, vote for ownership changes, etc.With the big surge in crypto prices this year, many people are now holding significant amounts of crypto assets. It is worth taking security more seri

Bitcoin Cash Drops From $2,800 to $1,300, What Lies Ahead in Long-Term

The Bitcoin Cash price has dropped from $2,800 to $1,300 in a matter of hours, as the price of bitcoin rebounded from $5,500 to $6,400.Many bitcoin experts including former Coinbase executive and Litecoin creator Charlie Lee stated that in the long-term, it is less likely that Bitcoin Cash would be able to compete with bitcoin due to its lack of infrastructure and developer activity.Lee stated:“

All You Need to Know About This Whole SegWit vs. SegWit2x Thing, Explained

What is Segregated Witness?Segregated Witness, often abbreviated to SegWit, is a proposed update to the Bitcoin software, designed to fix a range of serious issues.It is developed by its long-standing team. Bitcoin Core is currently the most popular Bitcoin reference client, in use by the majority of the businesses in the industry.Originally, the update was aimed at solving transaction malleabilit

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The B2X Trade Between Charlie Lee and Others Isn’t Completely off yet As SegWit2x Fork Will Happen

We have seen a proverbial rollercoaster of news in the Bitcoin world these past 24 hours. More specifically, the SegWit2x hard fork is apparently canceled, although that is not entirely true. Moreover, the B2X trades between Charlie Lee, Roger Ver, and a few others may still go ahead. It will be quite interesting to see how things evolve in this regard. There is no indication of what the future ma

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Fork Supporters Prepare to Implement SegWit2x Fork

Fork supporters and developers are preparing to implement the SegWit2x fork by Nov. 16.The new fork is considered as the largest and least understood software to the top-dog virtual currency so far.Under the SegWit2x software protocol, several changes to Bitcoin’s rules will be implemented. The new protocol will specifically change the size of the blocks that are passed

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China’s Largest Bitcoin Exchange CEO Publicly Condemns SegWit2x

Star Xu, the CEO of OKCoin, the largest bitcoin and cryptocurrency exchange in China, has publicly condemned SegWit2x, describing it as a “shitcoin.”Xu stated:“Personal advice is B2X should not be listed. It’s a shitcoin but remove replay attacks protection.”Charlie Lee, the creator of Litecoin and former Coinbase executive, agreed with the statement of Xu, criticizing its lack of strong

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