Bitcoin’s Popular Twitter Handle Abandoned BCH for BTC?

By Sead Fadilpašić

There’s hardly a single inhabitant of Cryptoland who is not aware of the clash between Bitcoin (BTC) and Bitcoin Cash (BCH), ever since (or likely even before), in 2017, BCH was created as a hard fork of BTC. However, an interesting and sudden thing happened, as the popular @Bitcoin Twitter handle, that has 967,000 followers and is known for its ardent support of BCH, now seems to be supporting BTC.

People have noticed that, practically overnight, 

  • numerous posts relating to and supporting BCH and its community were deleted

  • BCH-related accounts were unfollowed

  • the Bitcoin whitepaper redirects to Bitcoin-focused website Bitcoin.org, and not to pro-BCH Bitcoin.com

  • the pinned tweet, explaining what BCH is, with @Bitcoin defending it in the comments as a better solution than BTC, was removed

  • what remained are the older pro-BTC tweets.

Old @Bitcoin | source: cryptonews.com

Old @Bitcoin | source: cryptonews.com

New @Bitcoin| source: cryptonews.com

New @Bitcoin| source: cryptonews.com

Given that nobody knows what happened, as expected, people started coming up with their own theories. Some say that Roger Ver, the main proponent of BCH and founder of Bitcoin.com, might’ve returned to BTC, others suggested that Ver sold the account for a lot of money, while some say that Twitter CEO Jack Dorsey might be behind this, due to his investment in Lightning Network developer Lightning Labs.

Meanwhile, Autonomous Bitcoin AI #2357 tweeted that Ver previously claimed to know the current owner of the controversial handle: “So, he either must know what happened with the account or there was a fallout between them. Yet he doesn't reveal any information and lets his employees run rampant on r/btc with conspiracy theories instead.”

Roger Ver✔@rogerkver

I've never owned the @Bitcoin account. It is owned by someone involved in Bitcoin since 2009. He supports #BCH, is well known in the Bitcoin ecosystem, but doesn't want to deal with incessant trolling so he has chosen not to make his identity public.

12:22 PM - Apr 9, 2018 · Tokyo-to, Japan

BashCo, moderator of r/Bitcoin subreddit, said that @Bitcoin perhaps “went all in on Bcash on Roger and Craig’s (Craig Wright) advice, and is now broke and angry”, with some disagreeing: 

BashCo@BashCo_

Maybe @bitcoin went all in on Bcash on Roger and Craig’s advice, and is now broke and angry. Would be great to hear what really happened. https://twitter.com/2357_is_prime/status/1163683712938184704 …

Autonomous Bitcoin AI #2357

Replying to @2357_is_prime and 2 others

Roger claimed in the past that he knows the current owner of the handle. So, he either must know what happened with the account or there was a fallout between them. Yet he doesn't reveal any information and lets his employees run rampant on r/btc with conspiracy theories instead.

Kishan@kishanamin97

How would they be broke over the past 6 months it's only increased 450% or even holding since the November hashwar drop only puts you at a 10% gain. Over the last 3 months they've only regained money. Your bias and agenda pushing is showing and it's making you stupid.

4:25 AM - Aug 20, 2019

However, on the question if there’s anything that can be done to save @Bitcoin, Ver himself seems to have replied with “I don’t know.”

We have asked Ver for comment and will update the article if he responds. 

Furthermore, the host of YouTube channel BTC Sessions claims that @Bitcoin has been sending messages to users who’ve blocked the handle, saying: “The @bitcoin account just DM'd me and said he'd love it if any maximalists that have the account blocked would begin to un-block him. Seems a bitcoiner is once again behind the helm. Color me surprised.”

John Carvalho

If @Bitcoin follows me back, then you know it has truly been freed from Roger.

Meanwhile, Litecoin creator Charlie Lee is poking fun at the matter, suggesting his own theory.

Charlie Lee [LTC]✔@SatoshiLite

I have no proof of this, but I think the owner of @bitcoin must have had a romantic relationship with Roger Ver and recently broke up with Roger. That's the only thing that can explain why @bitcoin stopped supporting BCH.

2:58 AM - Aug 20, 2019

Back in June, Cryptonews.com reported that some members of the cryptoland started to speculate that Bitcoin Cash is "on the brink of the collapse and developer coup is under way". Ver denied these statements telling us that “It is fake news”, and that at Bitcoin.com they have “nearly a hundred people all working on Bitcoin Cash including protocol development.”

BCH is fourth on the list by total market capitalization. At pixel time (12:56 AM UTC), it trades at c. USD 317 and is down by 2% in the past 24 hours, by 6% in the past week and by 43% in the past 12 months.


Via CryptoNews.com

US Secretary of State Wants to Regulate BTC Like Other E-Transactions

Golden Bitcoin with judge hammer

By Helen Partz

United States Secretary of State Mike Pompeo believes that Bitcoin (BTC) should be regulated the same way as other electronic financial transactions.

Security risks of reduced governmental monitoring

In an interview on Squawk Box on Aug. 20, Pompeo pointed out the risk of anonymous transactions associated with crypto, saying:

“The risk with anonymous transactions is one that we all know well. We know this from 9/11 and terror activity that took place in the 15 years preceding that where we didn’t have good tracking, we didn’t have the capacity to understand money flows and who was moving money.”

CNBC’s co-host Joe Kernen brought up the subject of Bitcoin in terms of terrorism. Kernan raised the question in light of geopolitical tensions in the Middle East. Specifically, Kernen recalled a viral claim by U.S. Treasury Secretary Steven Mnuchin that cash is not used for nefarious activities like Bitcoin is.

When asked for his stance towards Mnuchin’s statements, Pompeo appeared to support the Secretary to a degree, expressing his hope that crypto and anonymous transactions will not become the norm since that “would decrease the security for the world.”

Equal regulation

However, in contrast to Mnuchin’s intentions to enforce strong regulations in the space, Pompeo expressed his vision of regulating Bitcoin the same way as all other electronic financial transactions today.

Recently, a former exec at German multinational investment bank Deutsche Bank published an article urging that Bitcoin is a leading indicator of hidden geopolitical tensions.

Via CoinTelegraph.com

Crypto Custodian BitGo Hires Former Xapo Vice-President as CRO

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By Ana Alexandre

Digital asset trust and security company BitGo has appointed wallet provider Xapo’s former senior vice-president Pete Najarian as its new chief revenue officer (CRO).

As finance-focused media outlet Finance Magnates reported on Aug. 19, Najarian will now serve as BitGo’s CRO, reporting to the company’s chief executive officer Mike Belshe. Commenting on the appointment, Belshe said:

“Pete has a deep understanding of capital markets and an exceptional breadth of experience in financial services. This makes him a perfect partner for institutional investors who are entering the cryptocurrency market. We’re building the financial infrastructure of the future and Pete’s experience in both traditional financial markets and cryptocurrency will be critical.”

Najarian’s profile on business and employment network LinkedIn reveals that he previously served as global head of emerging markets sales at the Royal Bank of Scotland, and head of institutional client coverage-APAC at financial services firm UBS, among others.

BitGo expands its presence

Earlier in August, Cointelegraph reported that BitGo is expanding its presence in Japan. BitGo is reportedly planning to grow its Japan-based team, including hiring a sales director for the company’s Tokyo office.

In May, BitGo appointed veteran Wall Street trader Nick Carmi as its head of financial services. The hire ostensibly intends to forge stronger connections between digital assets and the traditional financial sphere.


via Cointelegraph.com

Binance to Resume US Operations Within Two Months, Predicts CEO CZ

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Kollen Post writes:

Changpeng Zhao, CEO of major cryptocurrency exchange Binance, has predicted that Binance will resume crypto-to-fiat operations in the United States within the next two months.

Navigating U.S. regulation

Zhao, also known as CZ within the crypto community, made his prediction in an interviewwith online news outlet Cheddar published Aug. 15. When asked about Binance’s return to operations in the U.S., Zhao said: 

“I don’t want to promise any fixed dates, but there’s a lot of work being done and there’s a lot of things going on in flux, but I would say in a month or two.”

Back in June, Binance announced that the exchange would be temporarily restricting services in the U.S. as it worked to open a new division to operate with Financial Crimes Enforcement Network (FinCEN) approval, at Cointelegraph reported at the time. 

U.S. regulation has been a critical issue In today’s interview, Zhao said that the partnership with BAM Trading Services will help the firm to navigate the US’s regulatory environment, commenting that “now we have our partner, we want to take this opportunity and explore the market.”

Future of the market

In response to a question about the impact of U.S. regulatory ambiguity, Zhao said:

“I think the US is one of the most developed markets because I think it has good regulations in the traditional finance space. Crypto is a new thing, and for new things, the US is a big country and with a lot of regulatory bodies and a very large market [...] in a large market it is harder to regulate.” 

Zhao ultimately expressed optimism for the future of U.S. regulation, citing the country’s clear legal framework for traditional financial services as evidence that the environment for crypto will improve.

Despite Zhao’s optimism, Binance has experienced several issues with security in recent weeks. A dusting attack on Litecoin reportedly affected nearly 300,000 Binance users earlier this month. On Aug. 7, news surfaced that the exchange had fallen victim to a hack that exposed the know-your-customer data of its users.

VIa Cointelegraph.com

Barclays May Be ending Work With Coinbase, Transactions in GBP to Slow

Barclays

By Kollen Post

British banking giant Barclays has reportedly cut ties with United States crypto exchange Coinbase.

As Coindesk reported on Aug. 13, unnamed industry sources have said that Barclays will no longer be banking for Coinbase, severing a relationship that began when Coinbase opened a Barclays account in March 2018.

The news is expected to hit the crypto community hard, as, in addition to linking a major crypto exchange with a heavy hitter among the traditional banking establishment, the break may end Coinbase users’ access to the United Kingdom’s Faster Payments Scheme and slow the exchange of cryptocurrencies for British pounds sterling dramatically.

The precise reason for the split is unknown, but one anonymous source speculated to Coindesk that: 

“It is my understanding that Barclays’ risk appetite has contracted a little — I’m not sure exactly why or what’s been driving that, maybe there has been some activity they are not happy with. But it’s about Barclays’ comfort level with crypto as a whole.”

Reportedly, Coinbase will continue its access to UK banking through Clearbank, a younger and less established operation.

This is not the first time that Barclays has taken a step back from increasing involvement in the crypto sphere. In August of 2018, the bank began official denials that it was opening a crypto trading desk in light of two employees removing information about work on digital assets from their respective LinkedIn profiles. 

Coinbase, for its part, does not seem to have suffered greatly in recent months. This July, it came out that the exchange had registered eight million new users in the preceding year.

Also in July, Cointelegraph reported that Coinbase’s CEO Brian Armstrong was looking to take the exchange beyond trading, expressing plans to expand Coinbase into wider promotion of crypto adoption.

Cointelegraph reached out to Coinbase for comments but did not receive a response by press time. 

Via Cointelegraph.com

Kraken Users Report Difficulties with Connecting to Site and API

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Ana Alexandre writes:

San Francisco-based cryptocurrency exchange Kraken’s users are experiencing difficulties with connecting to the site and application programming interface (API).

In a tweet published on Aug. 13, Kraken warned the public that it is receiving reports of clients having issues connecting to the site and API. The exchange further states that it is investigating the issue and will post related update.

Back in January, the Exchange Security Report from independent analysts at ICORating gave 16 percent of the world’s biggest crypto trading platforms an A rating, and none of them an A+. The analysis ranked Kraken (A) as one of the top three most secure exchanges globally.

Security has always been a sensitive issue for digital currency-related projects. Earlier in August, Major South Korean cryptocurrency exchange Coinone partnered with cybersecurity audit company CertiK and disclosures company Xangle to provide more safety and transparency for their crypto investors. CertiK and Xangle will provide public disclosure information as well as smart contract audit information, respectively.

In June, Cointelegraph reported that Odyssey, the mainnet for the blockchain-based platform TRON, will be upgraded to version 3.6. Odyssey version 3.6 will reportedly contain new features designed to make DApp creation easier, as well as provide network protection from bad actors.

Via Cointelegraph.com