Crypto Corner: #Bitcoin Cash SV Reorganizes Blocks, North Korea to Host #Crypto Conference and Mining Firm Giga Watt Files for Bankruptcy
November 21st #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App @GenesisBlockch
Point Roberts, WA and Delta, BC - November 21, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.'s (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and the Genesis Exchange and Wallet App bring you today's edition of the Crypto Corner podcast and commentary on what's driving the cryptocurrency market.
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Crypto Corner: #Bitcoin Cash SV Reorganizes Blocks, North Korea to Host #Crypto Conference and Mining Firm Giga Watt Files for Bankruptcy
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Market Continues to Sink, Bitcoin Cash SV Reorganizes Blocks, North Korea to Host Crypto Conference and Mining Firm Giga Watt Files for Bankruptcy
The carnage continued in the crypto market as total market capitalization got as low as $140 billion USD yesterday. At press time, data from CoinMarketCap indicates that the total market cap is sitting at $149 billion, a slight recovery, though still lower than yesterday's Crypto Corner when it sat at $155 billion.
As the so-called "hash war" between Bitcoin Cash SV and ABC continues, the Craig Wright-favoured SV team is generating controversy. CCNreports that the hard fork had it blocks reorganized by CoinGeek, a move that many players view as "highly centralized" and consequently against the spirit of blockchain. CCN quotes Cornell University professor Emil Gun Sirer on the perceived folly of the move:
"Their blockchain's tail just got rewritten, as if someone ripped out the last few pages and wrote over them. This is an indication that their system parameters are outside the safety envelope of their network. In short, they don't know what they're doing."
North Korea has announced that it is hosting a crypto and blockchain conference in April 2019. A promotional website outlines the event, which costs €3300 ($3763 USD) and includes tours of Pyongyang and the DMZ. The conference marks the first time that international experts in the blockchain and crypto space have been invited to North Korea.
Washington news outlet The Wenatchee World reports that crypto mining firm Giga Watt filed for bankruptcy on Monday. The company claimed to be "insolvent and unable to pay its debts when due" in cited court documents. Giga Watt listed assets of between zero to $50,000 and liabilities between $10 million to $50 million. The story also reveals that the company is facing eviction in Douglas County.
Sam Mowers, Investorideas
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