1/ Chinese court confirms Bitcoin protected by law. Shenzhen Court of International Arbitration ruled a case involving cryptos. Inside the verdict: CN law does not forbid owning & transferring bitcoin, which should be protected by law bc its property nature and economic value.

1/ Chinese court confirms Bitcoin protected by law. Shenzhen Court of International Arbitration ruled a case involving cryptos. Inside the verdict: CN law does not forbid owning & transferring bitcoin, which should be protected by law bc its property nature and economic value. submitted by /u/GalacticCannibalism
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Bitcoin – The Currency of the Internet

Hackers Steal Cellular Accounts to Break 2FA Protected Online Bitcoin Wallets (deepd.tw)

All of the major cellular service providers have been seeing an increase of attacks on customer accounts. Hackers are stealing cell phone numbers from users of Verizon, AT&T, T-Mobile, and Sprint through social engineering techniques. Once the attackers have control of a phone number they can use it to reset passwords for services like Google and social media sites. The hackers are able to break 2 Factor Authentication (2FA) for services which send out a 2FA code via SMS text message….

Bitcoin

All signs point to a smooth activation of SegWit. Miners overwhelmingly indicating intention to activate it via SegWit2X, UASF nodes steadily increasing. Huge majority of remaining nodes SegWit capable. Remaining nodes protected by SegWit’s backwards compatibility.

I've been getting a lot worried and pessimistic comments on my posts lately but I have to believe that those are from very misinformed people or intentional trolls.

To see miner support go to the bottom of https://coin.dance/blocks and note that over 99% of blocks are either signalling for segwit already or have indicated they are on board with SegWit2X, meaning they will shortly begin to signal for segwit and reject blocks that don't signal for segwit. So it doesn't look like there will be any chain split that lasts more than one block given that overwhelming support, and those are totally normal splits that get reorganized away all the time.

At https://uasf.saltylemon.org you will see that UASF nodes are steadily on the increase. These nodes will not diverge from SegWit2X miners if those miners simply follow through on their statements.

At https://bitnodes.21.co/dashboard/ you can see that well over 80% of nodes are running Bitcoin 0.13 or higher which means that they will also activate SegWit natively when the rest of the network activates it.

And of course 100% of nodes are going to continue to function fine because SegWit does not break legacy clients.

Oh, and also transactions are all clearing quickly at very reasonable fees.

Network uptime remains at 100% with no interruptions.

It's almost as if sensationalist reports and alarmism get a disproportionately high share of voice.

submitted by /u/logical
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Bitcoin