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4.8 • 689 Ratings

🗓️ 13 November 2018

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

It's increasingly looking like Bitcoin Cash mining pools will run a version of the software called Bitcoin SV.
An ongoing legal battle between XRP investors and payments startup Ripple is entering its next phase.
Japanese IT giant GMO has reported a loss of about $5.6 million for its cryptocurrency mining business in the third quarter of 2018.
Oil industry giants Shell and BP are among a group of firms planning to launch a blockchain platform to automate post-trade processes in the energy industry by the end of 2018.

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Transcript

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0:00.0	Craig Wright's favored version of Bitcoin Cash is winning the hash rate war for now.
0:07.0	Good evening. I'm Bailey Reitzel and this is late confirmation from CoinDusk,
0:11.0	bringing you the top stories from Tuesday, November 13th.
0:15.0	Also on today's show, Bitmain is taking an unknown thief to court,
0:20.0	and several oil giants are backing a new blockchain platform.
0:24.0	Stay tuned for more on these stories on today's show.
0:30.8	Ahead of Thursday's hard fork of Bitcoin Cash, the war of the mining pools is becoming even more lopsided.
0:39.8	Data from CoinDance indicates that Bitcoin Cash mining pools will run a version of the software called Bitcoin SV, an alternative
0:45.9	to the Bitcoin ABC software most widely used by the network today. In fact, early signs suggest
0:53.4	Bitcoin SV may control some 76.39% of the hash power
0:58.9	utilized in mining blocks over the last 24 hours. Bitcoin SV is a creation of InChane, the project
1:06.0	led by Craig Wright, who has claimed to be Satoshi Nakamoto but has not provided proof.
1:12.2	S-Vee's hash power advantage is up from 73.62% just a day ago, while the hash power of
1:18.9	rivals, OK Minor and Mimpool has fallen to just 3.47% each.
1:25.2	While Bitcoin Cash has undergone several hard forks over its one-year lifespan,
1:29.9	the forthcoming one set for November 15th doesn't have consensus from all the community.
1:35.8	The argument started over which set of upgrades should be included in the code change. And less
1:41.3	than a week from the activation date, the debate looks like it's going to split Bitcoin
1:45.6	cash into two different cryptocurrencies.
1:50.4	Next up, an ongoing legal battle between XRP investors and payment startup Ripple is entering
1:56.5	its next phase.
1:58.5	Attorneys for Ripple Labs and its affiliated defendants filed to move a consolidated
	...

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