Bitcoin Cash fork hits investors’ pocketbooks as two coins slip

Bitcoin Cash’s split if off to a rocky start.

The combined value of the two coins spawned from the so-called forking is less than that of a single Bitcoin Cash coin Wednesday, according to data from exchange Poloniex. Bitcoin Cash SV, as one version is called, is trading at about US$96.50, and Bitcoin Cash ABC, the other is US$289, or lower than what Bitcoin Cash closed at US$425.01 yesterday.

The fallout is markedly different from a year ago, when Bitcoin Cash initially split from Bitcoin in August of 2017. The two coins ended up being worth more than Bitcoin alone, benefiting investors. As a result, that split lead to a so-called forking craze, in which multiple developer teams rushed to get out new versions such as Bitcoin Gold by tinkering with the software code.

The two coins are likely trading sideways amid uncertainty over whether both of them will stick around, and which one will end up leading further development on the main branch of Bitcoin Cash. Companies and investors supporting each version are jockeying for dominance, and “it’s too early to tell” which will win out, said Lucas Nuzzi, director of technology research at Digital Asset Research.

State Department spokesman claims ‘fake news’ is a real problem

Washington (CNN)Asked if she is concerned that foreign dictators are using President Donald Trump’s claims about “fake news” to oppress journalists, State Department spokesman Heather Nauert said Thursday that it is real, both in the US and overseas.

Nauert had made remarks in support of foreign journalists when she was asked whether Trump’s complaints about the press — which includes his use of a phrase from Soviet dictator Joseph Stalin to describe the media as the “enemy of the people” — gave her pause.

“Fake news, I hate to say, is a real thing,” said Nauert, who worked as an anchor and reporter at Fox News before joining the State Department. She is reportedly Trump’s favored candidate to be the next US ambassador to the UN.
Nauert was asked whether she had any concern that dictators and others have used Trump’s dismissal of “fake news” as a rallying cry for oppression of journalists. She demurred.

“When the President has spoken about fake news, when other world leaders have spoken about fake news, there is such a thing,” Nauert said.
Asked if she sees those she accuses of “fake news” as “the enemy of the people,” Nauert said, “I don’t think that news reporters are the enemy of the people. What I do think — hold on. What I do think is very dangerous is when the news is dishonest.”
Nauert offered her defense of Trump’s assault on press coverage he dislikes at a time when attacks on journalists worldwide have risen sharply.
The Committee to Protect Journalists has said that 2017 set a new record for the number of journalists jailed around the world, with Turkey, China and Egypt named as “the world’s worst jailers” of reporters. Hungary and the Philippines, democracies with populist leaders, have pursued charges against high profile journalists that could result in prison terms.

Media groups have also documented increasing violence against reporters. Saudi journalist Jamal Khashoggi was among journalists killed in the last year by state actors, simply for doing their job.

World’s ‘most excellent’ airlines for 2019

One airline has literally gone to great lengths to prove it’s the best in the past 12 months, and it appears to have paid off.
Singapore Airlines, which in October triumphantly relaunched the world’s longest nonstop scheduled passenger service, flying from Singapore to New York, has now capped a successful year with a new accolade.
The carrier has pipped Air New Zealand to be named Airline of the Year by Australia-based aviation safety and product rating agency AirlineRatings, in the company’s annual Airline Excellence Awards.
It’s a big upset for Air New Zealand, which has spent five consecutive years in the top spot.

The awards celebrate the carriers soaring highest — from the swankiest first-class suites to the comfiest economy seats, via the roomiest lounges and tastiest culinary offerings.
“For years Singapore Airlines has been the gold standard and now it is back to its best leading in passenger innovations and new state-of-the-art aircraft models,” says AirlineRatings Editor-in-Chief Geoffrey Thomas.
AirlineRatings’ award editors highlighted Singapore Airlines’ new non-stop Singapore to New York service.
“The editors said that the competition for top spot was tight with Air New Zealand, Qantas Airways and Qatar Airways just being nudged out,” he adds.

The awards are compiled using major international industry and government safety audits, plus 12 key criteria including fleet age, passenger reviews, profitability, investment ratings, staff relations and product offerings.
“In our objective analysis Singapore Airlines came out number one in many of our audit criteria, which is a great performance,” explains Thomas.
Singapore Airlines, which earlier in 2018 picked up the coveted Skytrax Airline of the Year Award, also won AirlineRatings’ Best First Class prize.

Meanwhile Qatar Airways, which placed number four on the overall ranking, saw its great food and luxury offerings secure Best Catering and Best Business Class.
“The airline’s Qsuite is a first-class experience in business class,” says AirlineRatings. “It leaves little to chance and our judges rated it as one of the best overall business-class products they had seen. It sets a standard to which some airlines can only aspire.”
Aussie airline Qantas picked up the Best Lounges gong for the second year.
While Air New Zealand may no longer be reigning champion, the airline was recognized for Excellence in Long Haul Travel (Pacific).