Block That Chain – Bitcoin & Blockchain – Block That Chain – Bitcoin & Blockchain
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**On today’s episode of The Cryptoverse:**
– Bitcoin Gold launches its BTCGPU website
– Bittrex are randomly closing exchange accounts
– 1 GB Bitcoin blocks mined by big blockers
– I list a few movers and shakers in the crypto markets
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One of the things I love most about running your own cryptocurrency website is the ability to post breaking news in regards to altcoins. While altcoins do have a tarnished reputation among the Bitcoin enthusiasts, there are still interesting things going on. For example, the alpha release of the XBridge P2P Code by Dan Metcalf.
What is XBridge?
For those of you who missed the XBridge announcement, allow me to briefly explain why this feature is so important. XBridge is a true peer-to-peer protocol extension built on top of the XNode protocol, which can be found in the XCurrency digital currency.
From the looks of it, the BlockNet news stream is slowly coming to an end as all remaining loose ends are being tied up. As we reported a few days ago, CoinGateway still had around 5 Bitcoin worth of BLOCK left which could be redeemed by investors, and all of the remaining coins will be sent to an unspendable address.
As of yesterday evening, all of the remaining BlockNet ITO tokens on CoinGateway have been destroyed. These remaining coins have sent in one transactions to an unspendable address, which you can verify by clicking here.
While there are a lot of things we need to write about over the coming few days, let’s kick this day off with some more news regarding the BlockNet ITO sale. In our previous article, we mentioned how both Bter and CoinGateway still needed to destroy remaining tokens, and we have an update in that regard!
Bter has now officially destroyed all of their unsold BLOCK. A total of 1,771,072.99949217 BLOCK has been destroyed, spread out over several transactions. All of this funds has been sent to an unspendable address, which can you can find here.
It has been a few days since we last talked about the BlockNet ITO sale , and it looks like all the dust has settled down, for which we are thankful. The official sale numbers have been provided by Synechist, so let’s see if they met their minimum target of raising 850 Bitcoin in sales!
As you will all remember from our very first BlockNet ITO sale article, multiple exchanges and platforms were involved in order to raise the necessary funds for this project. In the event of not all BLOCK tokens being sold, the remainder would be destroyed by sending it to an unspendable address.
Some very interesting news in regards to the BlockNet ITO came to light earlier today. Most of you will remember part of the ITO was held on CoinGateway, but was sold out incredibly fast for some unknown reason. Today, we know the reason, so let’s see what happened!
CoinGateway had a certain supply of BlockNet ITO shares (BLOCK) to sell in exchange for the altcoins making up the BlockNet. These coins are FIBRE, Next Horizon, LibrexCoin, XCurrency, SONIC, Apexcoin, BitSwift, Utilitycoin and Stealthcoin. Purchasing BLOCK with any of those counts would entitle customers to a 10% price discount.
As the final day of its ITO advances, the Blocknet unveils a wide variety of accountability and trust-related measures, and publishes rules pertaining to the close of the ITO.
DISCLAIMER : The views and opinions expressed on this web site are solely those of the original authors and other contributors. These views and opinions do not necessarily represent those of the CryptoArticles author, the CryptoArticles staff, and/or any/all contributors to this site.
Another day in the world of cryptocurrency and altcoins, which means another development in the ongoing story involving the BlockNet ITO sale. The ITO sell wall on Poloniex has been removed by the BlockNet team, but it will remain up at the Bittrex and Bter exchanges until the end of the ITO.
There are several reasons why the BlockNet team removed their sell order from the Poloniex exchange. First of all, due to some miscommunication on both sides, Poloniex has always been the only exchange to allow for open trading of BLOCK , whereas other exchanges had prohibited these actions so the coins would not be traded under the market value.
Time to provide our readers with a small update on the BlockNet ITO token sale. As we reported yesterday, there were several exchanges to choose from, as well as the CoinGateway site where users could purchase BLOCK with supported altcoins. Let’s see how the sales are going so far!
For those of you still looking to purchase BLOCK with one of the many participating altcoins in the BlockNet project, I’m afraid I have some bad news. A total of 500 Bitcoin worth of BLOCK was allocated to CoinGateway, and they have all sold out as of last night. CoiNGateway is currently in the process of handling the remaining support tickets, as several users are still waiting to receive the BLOCK they purchased with a 10% discount that was in effect.