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CRYPTO TRADING NEWS.....Coinbase Hard Fork Plan Credits 2x Coins, Shuns Bitcoin Gold

The largest US Bitcoin exchange Coinbase has finally released its official stance on Bitcoin hard forks SegWit2x and Bitcoin Gold.  The exchange says it would retain the BTC ticker for the legacy chain under all circumstances.

“Following the fork, Coinbase will continue referring to the current Bitcoin Blockchain as Bitcoin (BTC) and the forked Blockchain as Bitcoin2x (B2X),” the post reads.

Coinbase has taken longer than many exchanges to release its plan of action regarding hard forks, with notice being given the same day Bitcoin Gold split from BTC.

This lesser-known fork, Coinbase says, will only get support “if the Blockchain proves to be secure and valuable.”

“Information about this fork has been limited and there are concerns about its security and stability,” it continues.  The report continued that as a result of the concern, Coinbase do not believe it is safe to allow support for Bitcoin Gold at this time.

Bitcoin Gold (BTG) is currently listed on Coinmarketcap as a pre-release token, with an estimated value of $410 per coin at press time.

The codebase for BTG is meanwhile incomplete, with a lack of replay protection still being addressed by its team of developers.

Friend, Jesus came looking for you. Give your heart to Him, Love the Lord with all your heart, strength and might.  Love your neighbour as yourself, hold no offence, no bitterness - the Lord is near you to help you!


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