Bitcoin Hard Fork postponed again

Bitcoin Hard Fork postponed again

The announced Sunday SegWit2x Bitcoin Hard Fork has been postponed again. Behind the Hard Fork is BitPico, which released an official message over the weekend, which even called the Hard Fork a "complete waste of time".

The statement of BitPico:

We are backing out of the SegWit2x effort; the markets have spoken. Bitcoin Cash and people who like Layer 2 networks, Compact Binary Transactions, UDP FEC Global LEO SAT coverage, encrypted TCP channels, experimenting and etc have Bitcoin. (Source)

In the meantime, both Bitcoin and Bitcoin cash lost significantly - in the top of the BTC fell by almost 30 percent. Meanwhile, both rates recovered slightly, but no longer reached their highs from late Sunday.