Following are the major Bitcoin news of the day
Miners Turns Away from Bitcoin XT
The controversy surrounding the launch of Bitcoin’s forked client — Bitcoin XT — has kept miners away from mining its blocks. Ever since its launch on Saturday, the new upgraded client has failed to mine even a single block, indicating the absence of proper community backing compared to Bitcoin Core. You can read the full report here.
Federal Judge Supports Claims Against Bitcoin Mining Company
US District Judge Edward Davila recently came in support of the claims against the demised Bitcoin mining company HashFast Technologies. The plaintiff in the case, Peter Morici, has sued the company’s founder and CTO for allegedly committing fraud and breaching contract. In response to these allegations, the individuals had filed a motion seeking dismissal of the plaintiff’s claims. The judge, in his recent ruling, maintained the claims made on the company, but excused the CTO for he was considered not involved in false advertising. You can read the full report here.
North American Bitcoin Exchange Announces Shutdown
A North American Bitcoin Exchange, known as Harborly, recently announced to shutdown its services, stating shrinking market share as its core reason. “When we first launched Harborly just over a year ago, we had the vision of giving our users the simplest, quickest, and safest way to buy and sell bitcoin globally using their local currency,” the company quoted. “Our team has had an incredible and exhilarating journey as a provider within the Bitcoin ecosystem as it experienced highs, lows, and everything in between.”