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​Luno's position on Bank of Indonesia statement

by Team Luno 2 minute read

The central bank of Indonesia, Bank Indonesia (BI), recently issued a statement about cryptocurrencies. Here is Luno’s position (and actions) regarding three areas of interest: Using cryptocurrencies as a payment mechanism Owning cryptocurrencies like Bitcoin and Ethereum Buying, selling and trading cryptocurrencies. Ban: Cryptocurrencies as payment mechanism First, BI has affirmed that...

Bitcoin timeline

by Team Luno 1 minute read

Over the past eight years, Bitcoin has evolved. A lot. Stories around Bitcoin have made the headlines for multiple reasons —some good, some bad— but for anyone watching, it has been quite a ride and fascinating to watch. We decided to look at where it all started, the crazy, spellbinding...

The Bitcoin SegWit2X fork

by Team Luno 3 minute read

Update: The SegWit2X fork has been suspended and is unlikely to happen. See this announcement. There is (yet another) Bitcoin fork scheduled to happen later this month, known as the SegWit2X fork. This will result in a newly created currency. For more information on what Bitcoin forks are and what...

Bitcoin Gold

by Team Luno 2 minute read

Bitcoin Gold is one of the many proposed Bitcoin forks in recent months. It will be based on the current Bitcoin software, but it will be incompatible with it: you won’t be able to receive Bitcoin Gold in a Bitcoin wallet. The Bitcoin Gold fork is estimated to happen on...

The Bitcoin Cash fork (update)

by Team Luno 4 minute read

Edit: You can now withdraw your BCH or sell it for Bitcoin. Log in to Luno, navigate to Wallets > Send BCH. The Bitcoin Cash (BCH*) project intends to hard fork from Bitcoin on 1 August 2017. At this stage, it appears the fork is only supported by a small minority of...

On the Bitcoin hard fork

by Team Luno 3 minute read

Bitcoin is at a pivotal and somewhat misunderstood moment. In the following article, we look at the proposed hard fork and what the implications may be. Note: this article focuses on the Bitcoin Unlimited near-fork (it didn't happen). Also, see our more recent articles on the topic: The scaling debate,...

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