Crypto news | SegWit2x coming tomorrow?

It seems that another Bitcoin hard fork is about to take place. SegWit2x was supposed to go through in November, but it got postponed, and its founder Jaap Terlow stated that the whole thing will happen on December 28. Transaction speed and commissions are the main things this fork wants to address and, once again according to the project’s founder, not only will your bitcoin be exchanged for the appropriate amount of the new currency (B2X), but they will also receive a number of “Satoshi Nakamoto’s bitcoins” as a token of appreciation for their support to the project. So far, eight cryptocurrency exchanges are prepared to back the fork. Smart contracts and anonymous transactions are among the most important features this new coin will bring to the table, while the price of SegWit2x futures has gone up almost three times and is now around 600$. The coin hopes to mimic the success of another bitcoin hard fork, Bitcoin Cash, which was launched on the first day of August this year and has seen a lot of trading and growth in these few months. So, if you’re into cryptocurrency trading, especially if you’re a bitcoin investor, keep your eyes open tomorrow – it could be quite an interesting day.

In other news, we have some interesting financial information from Germany. A representative of the HNA Group said that the Chinese conglomerate plans to be a long-term investor in Deutsche Bank. The statement was made to deal with the rumors that the group is about to sell its stake (slightly less than 10%) in this bank. The Chinese government warned big banks this summer to check their exposure to HNA, but the group has been denying any problems ever since. They also invested in the Hilton group, a move they also consider to be very successful. We’ll see who’s right in the upcoming months and you can be sure we will keep a close eye on the situation in our daily analyses.

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Author: Max Rothstein

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