There have been a handful of forks from the main Bitcoin Network over the past few months, and that seems to be continuing into the new year. Bitcoin Interest plans to fork at block 505083, on January 22, 2018.
n 2018, I forecast China will surprise the world (again) and change the crypto world.
I personally believe in 2018 China will be the first major country to launch a central bank digital currency (CBDC), and that we will also see a large-scale blockchain implementation in the retail and logistic industry with a blockchain solution developed by Chinese companies.
Now, I’ll unpack my predictions.
The Bitcoin network hasn’t been able to keep up with peak transactional demand since 2016, since 2017 it hasn’t been able to keep up with the AVERAGE transactional demand.
Meanwhile our current scaling path is Segwit which relies on a the entire industry to organically adopt, and this will take some time. And here’s our progress thu
Waves is to “play a major role” in the creation of a new blockchain venture fund, ‘the Basics Fund’, according to a company press release.
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The fund will operate along the same lines as a venture capital fund, but blockchain technology will make the process much faster and cheaper than with traditional investment funds.
The President of Venezuela Nicolas Maduro has promised to back the national cryptocurrency Petro with the country’s vast natural resource reserves, including 5 billion barrels of oil.
Japan’s Mitsubishi UFJ Trust and Banking is preparing to launch a service that will protect cryptocurrency holders if the exchanges they use shut down or are hacked, reports Japan-based online publication Nikkei Asian Review.
The banking giant will keep matching records from cryptocurrency exchanges of customers who opt-in for the scheme. In the event the exchange fails or is compromised, Mitsubishi UFJ will compensate its clients for their losses according to the records they maintain.
Nikkei reports that the service will start with Bitcoin trading and could launch as early as April. Crypto exchange users who opt-in to have their funds protected by the Mitsubishi UFJ will be charged a fee for the service.
However, as CEO of Tokyo-based exchange Bitbank Noriyuki Hirosue asserts, the extra fee may be an easy price to pay for those who prefer to trust traditional financial institutions:
Move comes less than two weeks after high-profile digital currency exchange in Seoul was hacked and went bankrupt
Cyber-security pioneer reports his Twitter account was hacked and used to promote crypto-currencies.
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