• As of block 491,407 on the bitcoin blockchain, another alternative version of the protocol will be launched, resulting in a variant that’s being branded bitcoin gold (BTG).
  • Of course, while it aims to become the de-facto version of bitcoin, others might consider bitcoin gold an “altcoin” – the term has long been used to denote any cryptocurrency launched using bitcoin’s existing code, but that has an alternative market or use case.
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  • On October 16, the Hong Kongese cryptocurrency exchange Bitfinex announced that it would stop allowing US customers to transact all trades, deposits, and withdrawals by November 9.
  • The exchange recommends that its US-based clients withdraw all their holdings by that date.
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  • Bitcoin will split again on October 25. Bitcoin Gold will alter the proof-of-work algorithm from SHA-256 to Equihash which can be effectively used for GPU mining.
  • Have your bitcoins in a wallet which you control (own the private key) to claim the new currency after the split.
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  • Starting August 1 at about 12:20 UTC, mining pool ViaBTC will give miners who are a part of its pool the option to direct their computing power to a software client known as Bitcoin ABC.
  • Should enough miners take up that option, the result will be a permanent divergence in the bitcoin blockchain and the creation of a new cryptocurrency known as bitcoin cash.
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