Thursday, November 29, 2018

The US Government Is Powerless to Block Bitcoin Addresses

 

It has been widely reported this week that the U.S. government has blacklisted two BTC addresses linked to cyber crime. These particular addresses were singled out because their owners are believed to be Iranians, whose country is currently facing heavy economic sanctions from the U.S. While the BTC addresses are clearly connected to ransomware, mainstream media has gotten one crucial element of the story wrong: You can't blacklist a bitcoin address.

The Office of Foreign Assets Control (OFAC) is the financial intelligence wing of the U.S. Treasury Department. It enforces economic sanctions against foreign entities the American government has taken exception to. Right now, it has Iran in its sights. By OFAC's own admission, however, trying to blacklist bitcoin addresses is a first. "While OFAC routinely provides identifiers for designated persons, today's action marks the first time OFAC is publicly attributing digital currency addresses to designated individuals," explained the agency, adding:

Like traditional identifiers, these digital currency addresses should assist those in the compliance and digital currency communities in identifying transactions and funds that must be blocked and investigating any connections to these addresses.  As a result of today's action, persons that engage in transactions with [these addresses] could be subject to secondary sanctions.

You Can't Blacklist a Bitcoin Address
The addresses in question, 149w62rY42aZBox8fGcmqNsXUzSStKeq8C and 1AjZPMsnmpdK2Rv9KQNfMurTXinscVro9V, have been involved in over 7,000 transactions since 2013 and received close to 6,000 BTC. As of Nov. 28, anyone interacting with these addresses could technically be held liable by the U.S. government and punished in some way. In reality, though, these threats are little more than empty words. No one — not even the U.S. government, with its army of apparatchiks and enforcers — can prevent a specific address from sending or receiving bitcoin. With cryptocurrencies such as EOS or ripple, OFAC would likely have more success, but decentralized assets such as BTC and BCH are uncensorable.

To demonstrate the pointlessness of the blacklisting, both BTC addresses have received transactions in the past 24 hours. In one instance, vanity addresses were used to troll OFAC and to reiterate the futility of its digital currency sanctions. While cryptocurrency exchanges can and do block accounts linked to certain addresses, the Bitcoin protocol remains immune from such interference. Permissionless and stateless, bitcoin can't be blacklisted. That's why it's so valuable.

Canadian Bitcoin Miner Fortress Blockchain Reports $1.16M Loss in Q3

 


Fortress Blockchain's net loss worsened to $1.16 million (1.55 million Canadian dollars) in the third quarter, from $202,000 in the preceding three-month period, as price pressure continues to mount in the global bitcoin mining industry. The Canadian company said depreciation of $291,600 and listing expenses of $293,700 wiped away mining earnings.

Revenue Falls as Bitcoin Plummets
Fortress Blockchain, which listed shares on the TSX Venture Exchange in August, sold 179.8 BTC for $1.13 million in the three months to September, at an average price of $6,605 per coin. About 83 BCH was sold for $35,300. The Vancouver-based company extracted much less bitcoin and bitcoin cash during the third quarter, however, as global cryptocurrency prices plummeted. It mined 64.5 BTC and 52 BCH at significantly lower prices compared to the previous quarter.

Revenue from its mining operations declined 37 percent to $463,900, from $741,000 in the previous quarter, according to an earnings release published Nov. 28. Revenue from the sale of bitcoin mining equipment coupons reached $267,500 in the three months to the end of September.

It said it had faced challenging conditions due to the "volatility in bitcoin prices." It has also seen a rise in costs related to depreciation, listing and share-based compensation. Gross mining margins came in stronger, however, at 62 percent.

"The industry has gone through a corrective phase where mining difficulties are at an all time high while bitcoin prices have declined," said Aydin Kilic, chief executive officer and co-founder of Fortress. "At press time, we have noticed the mining difficulty for Bitcoin has significantly decreased. However, this has been outpaced by a significant decline in the price of bitcoin."

Miners Continue to Struggle
The global price of bitcoin has plunged more than 70 percent since January, dragging the rest of the cryptocurrency market down with it. Companies involved in mining or selling mining hardware have been hit hard. Reports say some companies have gone bankrupt, with a number of miners in China resorting to selling their equipment as junk to cut losses.

Fortress, which has a market capitalization of $6.40 million, touts itself as a low-cost green energy miner. The company operates about 1,400 S9 application-specific integrated circuit (ASIC) miners at its 2 MW flagship facility in the U.S. state of Washington, with an average operating hash rate of over 18.9 petahash/second.

Fortress has cut staff to achieve cost savings of $26,300 per month, said Kilic, who took a pay cut as part of a broader corporate reorganization exercise. The company also bolstered efficiency by installing Bitmain's Overt ASIC Boost firmware on all of its mining hardware, resulting in a 14 percent average decline in power consumption, he said.

By the end of September, Fortress had cash on hand of $7.98 million and $19,200 of digital currency holdings, compared to $6.90 million in cash and $769,900 in cryptocurrency at the end of June. Its shares closed up 4.4 percent at $0.09 on Nov. 28.

Wednesday, November 21, 2018

KPMG: Institutional Investment Key to Cryptoassets Growth

 


Auditors KPMG have published a report stressing the need for institutional investors to join the cryptocurrency industry. The report outlines the importance of cryptoassets as an investment alternative and how institutional investors can take part in the process.

Digital Assets Have Potential, Institutionalization Needed to Scale'
In the report, released Nov. 18, the Netherlands-based firm said a new world of finance is emerging in which transacting in digital assets may become standard operation. "Cryptoassets have potential," KPMG wrote, in the report titled 'Institutionalization of Cryptoassets."

"But for them to realize this potential, institutionalization is needed. Institutionalization is the at-scale participation in the crypto market of banks, broker dealers, exchanges, payment providers, fintechs, and other entities in the global financial services ecosystem," it said.

The study comes at a time the use of digital currencies is gaining worldwide adoption, both as a unit in financial transactions and as a store of value.

Christine Lagarde, the managing director of the International Monetary Fund, last week said central banks throughout the world should consider issuing digital currency to make transactions more secure. Lagarde argued that state-backed cryptocurrencies could satisfy public policy goals related to financial inclusion, consumer protection, privacy and fraud prevention.

Although observers point to the risks of central banks' involvement in cryptocurrency, such as the potential to slow down transactions and raise costs through over-regulation, KPMG views the coming on board of financial institutions as crucial to boosting public confidence in digital assets.

"Institutionalization is the necessary next step for crypto and is required to build trust, facilitate scale, increase accessibility, and drive growth," the auditors asserted, adding that it would be prudent for countries in hyperinflation, like Argentina, to adopt cryptocurrencies to preserve value.

KPMG said: "A globally accessible, decentralized store of value could have a significantly stabilizing impact on the country's economy. Bitcoin could potentially represent such a store of value in the future.

"Interestingly, even though there are large price fluctuations with Bitcoin, it is not inherently volatile. The supply is in fact fixed and algorithmically secured. It is the demand that is fluctuating and this could eventually stabilize as the market matures," it added.

Truly Open Global Financial System
Writing in the same report, Coinbase chief compliance officer, Jeff Horowitz, said cryptoassets are an opportunity to transform the financial industry into a truly open global financial system.

"Regulatory agencies are also beginning to seriously discuss cryptoassets, which could help drive institutional participation, encouraging the marketplace to think about how engagement with these assets fits into both existing rules and regulations and new frameworks that may be needed for crypto," he said.

However, Horowitz noted that the focus on cryptocurrency innovation must not come at the expense of security, compliance, and consumer protection.

"Leaders in the crypto space, including crypto entities and industry partners, have a responsibility to help influence and educate key legislators and regulators to advance the overall governance and enforcement framework," Horowitz detailed.

"In many ways, leading crypto companies should aspire to meet the standards and leading practices established by traditional financial services companies. We believe this will help promote trust and accelerate the adoption of crypto by investors and institutional clients," he added.



Indian Government Expects to Finalize Crypto Bill Next Month

 

Kind regards,


The Indian government has reportedly filed an affidavit with the country's supreme court detailing its progress on cryptocurrency regulations. "Serious efforts are going on" to prepare the draft crypto bill and report, the government explained. The two are expected to be discussed by the inter-ministerial committee by next month.

Government's Counter-Affidavit
The Indian supreme court has been trying to hear the petitions against the crypto banking ban by the central bank, the Reserve Bank of India (RBI). On Oct. 25, the court directed the government to file a counter-affidavit within two weeks, detailing its crypto regulatory progress. The court specifically asked for a report from the committee set up by the finance ministry to recommend crypto regulations. This committee is headed by Subhash Chandra Garg, the country's Economic Affairs Secretary.

On Tuesday, Quartz reported that the government has filed the counter-affidavit with the supreme court, which the publication claims to have reviewed.

"A finance ministry panel set up in November 2017 could be ready with draft regulations next month," the news outlet wrote. It proceeded to publish the following excerpt from the counter-affidavit:

…currently, serious efforts are going on for preparation of the draft report and the draft bill on virtual currencies, use of distributed ledger technology in (the) financial system and framework for digital currency in India.

The publication continued to explain that "It is expected that the draft report will be placed before the IMC [inter-ministerial committee] by next month." Both the draft report and the bill will be circulated to IMC members and discussed at the next IMC meeting.

According to the counter-affidavit, "The next two meetings of the Garg panel, to be held next month and in January 2019, will deliberate the draft report, and the provisions of the draft bill on virtual currencies," the news outlet conveyed.

Supreme Court Hearing
The central bank issued a circular in April banning financial institutions under its control from providing services to crypto businesses. The ban went into effect in July. A number of petitions have been filed against the ban.

The Indian supreme court scheduled to hear all the petitions against the ban on Sept. 11. However, the hearing has repeatedly been postponed. Then, on Oct. 25, the court directed the government to submit the counter-affidavit before the next hearing is scheduled.

Meanwhile, banks have closed accounts of crypto exchanges, forcing them to come up with their own solutions to provide fiat support to their customers such as through peer-to-peer systems.

Wednesday, November 14, 2018

Chinese Mining Farms Undergo Tax Inspection, Michigan Bans Campaign Donations in Cryptocurrency

 


 In recent regulatory news, we report on an authorized mining company in China that has had its operations temporarily halted for tax inspection and implementation of real-name registration processes. We also look at the Michigan Secretary of State's ban on crypto-based political donations, as well as the recent certification of X8's stablecoin for Shariah compliance. In addition, we focus on the operator of a fraudulent cryptocurrency scheme who has been punished for misappropriating $601,000 in BTC and LTC from his employer.

Chinese Mining Farms Suspended
According to a statement published by an unidentified cryptocurrency mining company, Chinese state agencies have ordered the suspension of its mining farms in southwestern Guizhou Province and the Xinjiang Uyghur Autonomous Region for tax inspections and to implement real-name registration processes.

"According to the needs of the public security department's network information security work, in the future, our company will implement higher standards for the company's business real-name system according to the work needs of the public security department," the anonymous company said. "For customers with the latest standard real-name systems, the data center will have to suspend reloading, restarting, moving in and out, etc."

Michigan Secretary of State Says 'No' to Crypto
In a letter addressed to William Baker, a recent candidate for the Michigan state legislature, the office of the Michigan Secretary of State has formally barred cryptocurrency donations to political campaigns.

Baker, who lost his bid in the state's Nov. 6 election, had previously sought clarification on how the value of donations in the form of cryptocurrencies should be recorded. He also asked whether virtual currency exchanges would qualify as valid secondary depositories for the storage of crypto assets.

Baker asserted that "it is self-evident that digital currency is a valid way to receive political contributions." However, the state secretary's office responded by stating that "the law does not authorize such a vehicle, and the department has never determined that digital currencies are a valid way to receive political contributions."

The letter also highlighted concerns pertaining to the price volatility of cryptocurrencies. "As with stocks and commodities, bitcoin's worth fluctuates daily," the office said. "There is no way to ascertain the precise monetary value of one bitcoin on any particular day."

The Michigan Secretary of State raised additional objections to the use of cryptocurrencies as donations. In the letter, the office added that state legislation also "requires that committees deposit funds in an account in a financial institution, which is not an option for cryptocurrency."

X8 Stablecoin Certified as Shariah Compliant
X8C, the stablecoin issued by Swiss fintech company X8 AG, has obtained a certificate showing that its stablecoin is compliant with Shariah law. It received the certification from the Shariyah Review Bureau, an Islamic advisory firm licensed by the Central Bank of Bahrain.

Francesca Greco, director and co-founder of X8, announced that the company will soon establish a regional office in the Middle East. Greco also indicated that X8 plans to launch a Shariah-compliant virtual currency exchange, adding that the company has already met with representatives of exchanges based in Abu Dhabi, Dubai and Bahrain.

"The Gulf region is a really good place for financial technology companies, because they all want to become hubs for fintech," Greco said.

CFTC Fines Crypto Scheme Operator Over $1.14M
The U.S. Commodity Futures Trading Commission (CFTC) has ordered Joseph Kim, a resident of Phoenix, to pay more than $1.14 million for operating a fraudulent cryptocurrency scheme. Kim was also sentenced to 15 months in prison on "related criminal charges" filed in the U.S. District Court for the Northern District of Illinois. According to the court order, Kim pleaded guilty to "orchestrating a fraudulent Bitcoin and Litecoin scheme that led to more than $1 million in losses."

Kim was found to have misappropriated $601,000 worth of BTC and LTC from his employer — described as "a Chicago-based proprietary trading firm" — before attempting to fabricate security-related issues to obfuscate the misappropriation of funds. Despite this, the company fired Kim in November 2017 after the theft of the cryptocurrency was discovered.

Between December 2017 and March 2018, Kim then sought to repay his former employer through profits that he had generated through the operation of a cryptocurrency trading scheme. According to the CFTC, he "falsely told customers that he would invest their funds in a low-risk virtual currency arbitrage strategy, when, in fact, Kim made high-risk, directional bets on the movement of virtual currencies that resulted in Kim losing all $545,000 of his customers' funds."

Bitcoin Group SE Buys Investment Bank Tremmel

 


Bitcoin Group SE has bought 100 percent shares of investment bank Tremmel for an undisclosed amount. This is the German digital currency exchange operator's second acquisition in 2018. Bitcoin Group, which holds current assets of $40 million, said Tremmel allows it to issue its own cryptocurrency-related products, conduct proprietary trading and operate bitcoin ATMs.

Acquisition to Expand Bitcoin Group Services Portfolio
Bitcoin Group SE Buys Investment Bank Tremmel for Undisclosed Figure

The Frankfurt Stock Exchange-listed company operates Bitcoin.de, Germany's only regulated digital currency exchange, trading BTC, BCH and ETH. It hopes to use Tremmel's banking license to expand the range of its service portfolio. For example, Bitcoin Group said it is now possible for the trading platform to maintain an order book and even quote prices, while simultaneously ensuring more liquid trading.

"We are very pleased that in Tremmel Wertpapierhandelsbank Gmbh…we have been able to gain an excellently positioned partner with in-depth knowledge of the market," Marco Bodewein, managing director of Bitcoin Group, said in an online statement on Nov. 12. "This will enable us to take the corporate development of Bitcoin Group SE to a new level," he added.

The deal is expected to be completed in the first half of 2019, subject to approval by relevant regulatory authorities. Bitcoin Group did not disclose the actual purchase price, but said "it is in the lower seven-digit euro range."

Rainer Bergmann, the previous sole shareholder and managing director of Tremmel, is to continue working at the investment bank in the same capacity. The bank, which trades shares, bonds and other stock exchange products on behalf of local and foreign banks, insurance companies and asset managers, will be expanded into a deposit-taking institution, Bitcoin Group said.

Restructuring
Digital currency exchanges are looking for growth in new areas or to consolidate existing positions to help boost revenue and minimize risk from an uncertain regulatory environment in their home economies.

In January, Bitcoin Group, which has 753,000 investors actively using its exchange to buy and sell digital assets, bought a 50 percent stake in financial investment broker Sineus Financial Services Gmbh, to diversify risk. "In the future, this will enable the group to offer additional financial services in the cryptocurrency sector," the company said at the time.

For the first six months of this year, Bitcoin Group reported net profit increase of 306 percent to $3.85 million from $0.95 million a year earlier. Revenues tripled to $6.57 million from $2.1 million in the comparable period a year ago. Operating profit climbed 368 percent to $5.64 million. The exchange said about $707.6 million worth of BTC was traded on the platform at the end of last year, when the price of the cryptocurrency peaked at $20,000.

After close Tuesday, shares of Bitcoin Group were down 0.36 percent at $31.41 in Frankfurt trading. Over the past 52 weeks, the stock has reached a low of $28.02 and a high of $97.18.

Wednesday, November 7, 2018

BCH Professional Stress Test scheduled for November 17

 


After the success of the first Bitcoin BCH stress test on the first of September, the group behind that test have decided to ramp up their efforts to showcase the robustness and reliability of the of the BCH Network.

The group plans a more extensive, more professional stress test on November 17, two days after the scheduled protocol upgrade.

Rather than I tell you about the upcoming stress test, Brenden Lee of https://stresstestbitcoin.cash has put some words on the page to give some insight into their group, their processes and what everyone can expect come November 17.

The Professional Stress Test

"Our team came together to bring the first stress test to life, and while the test itself was something of a success, the 2.2 million transactions were a far cry from the target we had set for ourselves of 5 million transactions.

The reasons were wide-ranging and included a lack of automated systems for re-starting tests that failed, issues with the way some nodes were managing transaction buffers, and a lack of people to run the testing and manage the system.

After the test, a small group of us came together to look at forming a professional testing group, and the idea of the professional stress test was born.

Dale Dickins is an early Bitcoin activist and the maker of a documentary called "The Bitcoin Doco." She works tirelessly to build networks of people who use Bitcoin, creating small social worlds to achieve great things. She has recently been part of the group who brought the Bitcoin Cash Jeepney to the streets of Manila and is working on forming long-term business relationships in Bitcoin.

Esthon Medeiros is the wizard behind the curtain, building and managing the test machinery, currently being referred to as the 'Satoshi Shotgun,' which has significantly evolved since the first test. We now can create many geographically dispersed nodes using multiple Bitcoin clients (we currently support Bitcoin Unlimited, Bitcoin SV and Bitcoin ABC) and can easily regather funds and send large numbers of transactions for a sustained period. The machine's power will be on display during the upcoming pre-test which we hope will achieve at least one 32MB block.

Brendan Lee is the author of BUIP086 which extends the functionality of Bitcoin QR codes and developed and now sells the patented Safewords system through his company Coin storage Guru, while more recently has been fortunate enough to be part of the team at Tokenized, recently awarded the Coingeek Token prize. His role has been planning the strategy for ensuring money and resources are available on the day as well as acting as a technical interface for customers.

John Goldberg is the creator of the innovative Pixel Wallet (an Android BCH wallet that uses pictures to send cash) and was a significant contributor to the original stress test and one of the core members of the BCH Jeepney team, who were the first to implement Handcash's POP Retail system in a real-world application.

We also have Spark who created some fantastic data visualizations for the first stress test and is working on ways to capture the essence of what happens during this stress test.

And finally, Yobits who was the originator of the Stress Test idea and as webpage master has done a great job putting together a beautiful website.

As for the stress test itself, we want it known that we are not here to break things. We, as a team, are aligned with Satoshi Vision, however, have decided to run the test in such a way that a network supporting current rules, or the ABC ruleset would face minimal disruption.

The test will challenge mempools, and users may have to pay slightly higher fees than usual (test transactions will carry a fee of just 1sat/byte, so transactions with two satoshis/byte should usually be mined in the next block regardless of the state of the mempool) for reliable transaction confirmations. However, we believe that if a network wants to call itself Bitcoin, it must be able to show the world that it is anti-fragile, and this includes withstanding attacks that I would consider relatively cheap (we will spend about 70BCH over the course of the day) for a well-funded state based actor to execute.

We are very strong proponents of scaling Bitcoin and believe that a successful demonstration of a public network processing over a million transactions per hour will send a huge signal to businesses and the broader public that Bitcoin Cash is serious about adoption, and serious about becoming a global cash network. We hope that we can generate enough hype through this test that companies looking at implementing cryptocurrency-based payments will put Bitcoin Cash first, as it forges a path towards being the best money possible.

Following the stress test, the team is working on a business plan to create value-added services around generating large volumes of transactions on the blockchain for things such as advertising, corporate testing, stress testing and more. The team is very much looking forward to announcing these efforts soon. – Brendan Lee

nChain releases statement on protocol upgrade and hash war

 


nChain has released a public notice intended for cryptocurrency exchanges and bitcoin cash wallet operators. The company is offering its recommendation on how these companies should handle the hash war and the potential of a BCH split.

You can read their statement below in its entirety:
On November 15, 2018, the Bitcoin Cash (BCH) network will undergo a scheduled protocol upgrade. This protocol upgrade has been different to previous upgrades due to differences in opinion as how best to evolve the Bitcoin Cash network to continue to meet the demands of enterprises and consumers who support Bitcoin Cash. We have developed Bitcoin SV, a new full node implementation for Bitcoin Cash, designed to support the original "Satoshi Vision" of Bitcoin. We are asking BCH miners to vote for the Bitcoin SV implementation over competing implementations (such as Bitcoin ABC) using their hash power under Nakamoto consensus rules.
As the November 15 date nears, we provide exchange operators and wallet providers this update about Bitcoin SV and the protocol upgrade's short-term material impact on their operations.

What is Bitcoin SV?
With Bitcoin SV, we are not seeking to create a new Bitcoin variant and we are not intending to create a new Bitcoin SV token. Instead, Bitcoin SV merely gives BCH miners another choice of implementation (competing with Bitcoin ABC and other existing BCH implementations) for miners who want to support the original Satoshi Vision for Bitcoin.   As set forth in the original Bitcoin white paper, it is up to miners' voting with their hash power (the Nakamoto consensus mechanism) to decide rules for the network.

At our BitcoinSV.io website, you can find out more information about the Bitcoin SV implementation, and a link to our GitHub repository where the Bitcoin SV code can be downloaded.

What Will Happen After the November 15 Protocol Upgrade?
A temporary Bitcoin Cash chain split is imminent on November 15th between Bitcoin SV and Bitcoin ABC. (Bitcoin Unlimited, another key BCH implementation, intends to remain neutral and be compatible with both Bitcoin SV and Bitcoin ABC rule sets, as a configurable option.)
There will likely be a period of time before this temporary chain split is resolved, while miners are voting with their hash power.
Significant miner hash power (over 40% of the current BCH hash total) is supporting Bitcoin SV. Therefore, the Bitcoin SV consensus rules stand a very strong chance of becoming the dominant implementation on the BCH blockchain.
No transaction replay protection is in place on Bitcoin ABC or Bitcoin SV.
Which Chain Should be Recognized as Bitcoin Cash?

We believe that exchanges, as well as other BCH business operators, should recognize as Bitcoin Cash (and the ticker symbol BCH) the longest chain with the most legitimate, sustained Proof of Work. The Nakamoto consensus procedure is how Bitcoin's decentralized system is meant to work, rather than leaving the Bitcoin Cash name and BCH ticker symbol forever in the control of any group(s) who may have initiated it or claim to control it.
We do not ask exchanges to pick a side between Bitcoin SV, Bitcoin ABC or other implementations. In fact, exchanges should remain neutral because their function is not to decide the technical roadmap for Bitcoin Cash or choose between implementations of BCH.

Exchanges: What Should They Do Before the November 15 Protocol Upgrade?
Immediately install a Bitcoin SV node: We highly recommend that exchanges immediately install a Bitcoin SV node to be prepared in the case that SV becomes dominant so that exchanges can continue Bitcoin Cash trading with minimal delay and disruption to users.
Consider suspending BCH deposits/withdrawals. Neither Bitcoin SV nor Bitcoin ABC have implemented transaction replay protection, as the intention is for only one chain to survive. We recommend that exchanges evaluate risks and consider, as a precaution, whether to suspend Bitcoin Cash deposits/withdrawals until one chain emerges as dominant. If exchanges continue to operate during this period, it is highly recommended that transactions continue to support existing consensus rules and are broadcast to both chains until such time a dominant chain emerges.
Wallet Operators: What Should They Do for the November 15 Protocol Upgrade?

Immediately install a Bitcoin SV node. We highly recommend that BCH wallet operators also immediately install a Bitcoin SV node to be prepared in the case that SV becomes dominant to avoid disruption to users.
Notify Users of Possible Delays. It would be prudent to notify users that they may experience some delays in sending and receiving BCH after the protocol upgrade and resulting hard fork.
Risks of Wallets Accepting DSV Transactions.   Bitcoin.com has announced intention for its wallet to run the new Bitcoin ABC v 0.18.2 client after the protocol upgrade and before one chain emerges as dominant.  The new Bitcoin ABC client adds a controversial new OP_code (OP_DATASIGVERIFY).  Bitcoin.com has stated that its wallet will add OP_DATASIGVERIFY as a default to all transactions sent from its wallet.  By stating that all transactions will utilise OP_DATASIGVERIFY, there is a real risk of Bitcoin.com users losing their funds if the chain supporting OP_DATASIGVERIFY does not eventually survive.  This same risk would apply to users of any other wallet that also runs the new Bitcoin ABC 0.18.2 client and includes OP_DATASIGVERIFY in their transactions as default after the protocol upgrade and before one chain emerges as dominant.
The Bitcoin SV project is committed to the success of Bitcoin Cash and fulfilling the original Satoshi vision for Bitcoin. Our team members stand ready to answer any questions you may have. Please email support@bitcoinsv.io with any questions.