With Beam set to fork on August 15, the network upgrade will add a new minimum transaction fee and implement an ASIC-resistant proof-of-work algorithm dubbed Beam Hash II.
As a temporary solution to Ethereum’s scaling issues, Vitalik Buterin has suggested using the Bitcoin Cash blockchain as a data layer where transaction verification takes place.
Seed Digital Commodities Market LLC and Zero Hash LLC, subsidiaries of the crypto derivatives provider Seed CX, have both been granted BitLicenses from the New York Department of Financial Services. The department has now issued over 20 BitLicenses since it was introduced in 2015.
Since Facebook announced Libra, world regulators have been quick to express their fears surrounding the cryptocurrency, but Ethereum co-founder Mihai Alisie believes the project will do more to negatively impact all the good fortune blockchain tech has been able to harbor over the years.
Veil launched in January, allowing users to place bets on Augur prediction markets. Now Veil’s co-founder, Paul Fletcher-Hill, has announced that, while the service’s community was strong, it was too small to keep the service functioning.
HDR Global Trading, which owns crypto exchange BitMEX, has given Bitcoin Core dev Michael Ford a $60,000 grant to “maintain the Bitcoin network and push code live.” Recently, in June, Ford become the fifth “Bitcoin maintainer,” meaning he has permission to merge new code to the actual Bitcoin codebase.
The Virtual Commodity Association, a group of four crypto exchanges, plans to launch six committees aimed at providing standards and regulatory oversight for the crypto industry as the association works to become a self-regulatory organization.
Over the weekend, UK-based blockchain platform Electroneum initiated a secret hard fork, replacing its proof-of-work consensus protocol with nonprofit miners comprised of charities and non-governmental organizations.
Victims of the Wave Field Community Ponzi scheme, which operated on the Tron network, have accused Justin Sun and Tron of being complicit in the crypto scam by remaining silent while the operation played out. Now Sun and the network claim a warning was issued in January on its WeChat messaging group.
Blockchains acquired slock.it earlier this year. Now the CEO has purchased the Kirkwood Bank of Nevada.