MarketWatch Is Tracking Eight More Cryptocurrencies
MarketWatch, the news publishing unit of Dow Jones Media Group, announced Wednesday that it will begin tracking the market moves of eight additional cryptocurrencies.
On Wednesday, the company said that on top of its bitcoin tracking tool, MarketWatch will display information for ether, XRP, bitcoin cash, litecoin, ether classic, monero, dash and zcash. The website has been tracking the price of bitcoin since 2014.
The new service will post real-time quotes for both the U.S. dollar and the euro – as well as historical price trends for the nine crypto-assets – using data from the cryptocurrency exchange Kraken.
“It’s no doubt that our readers, as the world’s savviest investors, have an eye on digital currency and we’re happy to be expanding our real-time tracking of a total of 9 cryptocurrencies in both Euro’s and USD, with Kraken’s help,” Dan Shar, general manager at MarketWatch, said in a statement.
The Dow Jones Media Group itself has moved to test blockchain in recent days, perhaps signaling a broader interest i the tech within the company past its offerings on MarketWatch.
Dow Jones that it is working with the privacy-oriented Web browser startup Brave in order to trial its blockchain platform. The two firms will test delivering content using Brave’s blockchain-based platform for digital advertising, and Dow Jones Media Group subsidiaries Barron’s and MarketWatch will become “verified publishers,” as previously reported.
image via Shutterstock
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While bitcoin Unlimited is gaining traction among miners, only a handful of bitcoin companies are in favor of its bigger block and Emergent Consensus proposal.
Breakdown by Company
The scaling debate in which two predominant bitcoin improvement proposals, SegWit and bitcoin Unlimited, are competing for miners’ support is becoming more and more intense.
As the debate escalates, supporters from both sides are now threatening to push for (both soft and hard). While bitcoin Unlimited is considered the most popular proposal in terms of , a look at the that support it or SegWit reveals the exact .
As of this writing, out of the companies listed in , 66 support SegWit and 58 are ready for it. Only 8 companies oppose SegWit.
On the BU side, there are 27 in favor, with 9 companies ready for it. This means that 70% of companies actively support SegWit, compared to 20% for BU. The other 10% are undecided or “unknown”. The companies that support BU include:
It should be noted that even among the 9 companies that are ready for BU, two also support SegWit (Electrum and Trezor) and 5 are ready for SegWit (including Bitfinex and Gemini).
It’s also worth noting that some of the companies that are against bitcoin Unlimited are not even supporting SegWit. They are simply opposed to BU’s Emergent Consensus.
Meanwhile, 4 of the 8 companies that oppose SegWit and are all signaling for BU are mining pools.
Who Supports What?
We can see that some predominant exchanges like Poloniex, LocalBitcoins, CoinCheck and others are ready for SegWit, while other names like BTCC, Xapo and Bitso support it.
On the BU side, in addition to bitcoin.com, Magnr, BitAddress.org, and several BTM providers, the biggest names by far are mining pools such as Bitmain’s Antpool, ViaBTC and GBMiners. However, the independence of these mining pools has recently by the community.
Chinese pool to launch its overseas exchange in the second half of 2017, and raised ￥20 million (Round A), led by Bitmain
At the same time, the only major exchanges that support BU also support SegWit, including OKCoin, Bitfinex (ready) and Gemini (ready).
The companies that actively oppose SegWit include 4 mining pools and 4 other small companies that don’t have much bearing in the bitcoin ecosystem. Conversely, among the companies that oppose BU actively, we find names like BitGo, Vaultoro, Bitsquare, and GreenAddress.
Among the undecided, we still have names like Bitstamp, Bittrex, Bitmex, Kraken, and others.
bitcoin Businesses Generally Against BU, Hard Fork
The general animosity towards bitcoin Unlimited can also be observed in the industry letters that have been signed so far. For example, a list of nearly 20 exchanges has signed a hard fork in which the BU token would be listed as BTU or XBU.
Canada’s bitcoin ecosystem has also produced in which a large number of economic nodes operators signaled their rejection for BU and proposed industry guidelines for hard forks.
Moreover, the data is also reflected (despite varying data depending on the course) by the share of bitcoin Core (84-91%) nodes among total network nodes compared to bitcoin Unlimited’s (2-9%).
The conclusion that can be draw from this data is that despite the growing popularity of bitcoin Unlimited among mining pools, bitcoin companies as well as user nodes are largely opposed to the bitcoin Unlimited proposal.
Would you boycott a company based on their support or lackthereof? Let us know in the comment below!
Images courtesy of Coin.dance, Shutterstock, nodecounter.com
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