Ethereum founder Vitalik Buterin tried to dispel community doubts about the long-term future platform, in particular shedding light on some details of the upcoming transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) and the final transition to Ethereum 2.0. This question was one of the most widely discussed at the Devcon5 conference in Osaka, Japan these days, but there were no clear answers for a long time. Moreover, after Vitalik Buterin and Ethereum co-founder Joseph Lubin admitted that they knew about the problems with network scaling from the very beginning, they even began to receive accusations of intentionally selling a fraudulent…
Author: BlockchainJournal
Graduate of the aeternity acceleration program AMPnet has announced a partnership with the international environmental organization Greenpeace. AMPnet is a platform for investing and managing energy cooperatives on a white-label basis (under its own brand partner). Greenpeace intends to use AMPnet to finance renewable power plants around the world. Greenpeace Named Earthboost Investment Platform This was reported by the CEO of AMPnet Mislav Javor […]
The heads of three US financial regulators in a joint statement warned participants in the cryptocurrency industry about the need to comply with various regulatory requirements. This was reported on the website of the Commission for derivatives trading (CFTC). The statement was signed by CFTC CEO Heath Tarbert, Director of the Financial Crimes Enforcement Network (FinCEN) Kenneth Blanco and Chairman of the US Securities and Exchange Commission (SEC) […]
Russian experts negatively evaluated the statements made on October 10 by the head of the Bank of Russia Elvira Nabiullina about “national cryptocurrency”. Speaking at the Finopolis Forum of Innovative Financial Technologies in Sochi, Nabiullina said that "the need to issue a national cryptocurrency is not obvious." The head of the Central Bank explained: “Not only for technological reasons, but also because it’s realistic to appreciate what the advantage of the national digital currency will be, for example, compared to existing electronic non-cash payments. There are many risks, and the benefits may not be obvious enough. ” Commenting on the…
Vitalik Buterin, co-founder of the Ethereum project, noted that support for the PoS consensus algorithm will make the ETH blockchain more secure than Bitcoin. At the conference of Ethereum developers Devcon 5, which took place in Osaka from October 8 to 11, Vitalik Buteren expressed the opinion that after the transition of the blockchain to PoS, it will be much safer than BTC. After the implementation of PoS, verification and validation of new blocks will be entrusted to validators who will be selected according to their share of coins in the blockchain, that is, unlike PoW, professional and innovative equipment…
The United States Internal Revenue Service (IRS) has updated the most common form of income tax reporting to include a cryptocurrency clause. On Friday, the agency published a draft of the new form 1040. The annex to it now contains information on additional income and other amendments. Irs New Form 1040 by ForkLog on Scribd This IRS project has been sent out to tax specialists […]
Clevel Chambers, market analyst and CEO of the global financial tracker ADVFN, believes that the crypto industry is still looking for its “killer app.” He believes that Bitcoin anything can happen in his quest to become the leading form of digital money and means of accumulating value. At this point, BTC will either leave the same mun or experience the greatest collapse. “This is a great market for trading, especially if you do it well. Take action. But if you want to invest or sell bitcoins, the solution is quite simple. BTC can reach either $ 100,000 or more, or…
Visa, Ebay, Stripe and Mastercard, following PayPal, together announced their decision to leave the Libra Association from Facebook and, in fact, not participate in the development of the stablecoin of this project. Bloomberg announced yesterday that Ebay, Stripe, and Mastercard decided to opt out of the Libra blockchain project. Just a few minutes later Visa also announced that it was leaving Libra. Recall that a week ago, the payment company PayPal also announced its refusal to participate in the promotion of stablecoin – the decision is due to the unceasing pressure of regulators. All companies respect the Facebook project, its…
The author of the initiative to create an alternative version of the digital currency Libra incorrectly provided information about some of the project participants. So, representatives of Tendermint, Chainlink, Web3 Foundation and Hashed denied their participation in it, CoinDesk reports. Earlier this week, during the Devcon5 conference in Osaka, Wireline co-founder Lucas Geiger introduced the OpenLibra initiative, designed to become the "non-corporate version of Libra" […]
Andreas Antonopoulos believes that Google’s new developments in the field of quantum computing will not affect the security of the Bitcoin network. Entrepreneur Andreas Antonopoulos, who actively supports Bitcoin, said that Google’s progress will not be able to undermine the position of Bitcoin, in particular, it will not affect the mining and crypto industry as a whole. Recall that last month there was information that Google used a quantum computer to complete a task that would take tens of thousands of years for an ordinary device to complete. The news of course caused concern among the crypto community, but Antonopoulos…