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Istanbul hard fork date set for Ethereum blockchain – December 4, 2019

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Ethereum developers have planned activation of Istanbul hard fork in the main network to block # 9 056 000. Miners will get it tentatively on December 4.

As the deployment of Ethereum 2.0 approaches, the community begins to pay closer attention to other changes in the ecosystem.

While Ethereum co-founder Vitalik Buterin recently spoke about recent changes to the sharding protocol, PegaSys Protocol Engineering product manager Tim Beiko shared another update regarding the upcoming Istanbul hard fork.

“Of course, there may still be progress, but there is already a clear consensus that December 4 will be the date of a hard fork. We will keep it in mind on January 8th if something goes wrong (* cough * Petersburg! * Cough *)!

So Istanbul will be held in early December! ”

In addition, Beiko emphasized that the development of Ethereum will be aimed at the release of EIP-2124, a fork identifier for checking network compatibility and an alternative to the discovery protocol. The innovation was “@ peter_szilagyi’s idea that customers communicate with each other based on the entire history of the forks, not just the genesis.”

In this regard, part of the community intends to establish a connection between the genesis and EIP-2124, which can simplify the identification of the user's current network.

Publication date 10/27/2019
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South Korea is preparing to determine the legal status of cryptocurrencies and blockchain

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The South Korean President’s Fourth Industrial Revolution Commission of Advisers recommended that the government recognize blockchain development as a key trend and promote the inclusion of “cryptographic assets” in the current system, writes Bchain, a local newspaper, citing a recommendation plan presented at a conference in Seoul last Friday.

According to the committee, technology, data and the ecosystem of startups should work together to ensure the highest level of social and industrial innovation. In the context of technological development, experts recommended paying particular attention to blockchain, artificial intelligence and cybersecurity.

Also in the published document, according to the media, it was said that countering excessive speculation with cryptocurrency assets was a reasonable measure at the time, but now the decisions made then hinder the development of the cryptocurrency and blockchain space in South Korea. According to experts, the government should determine the legal status of cryptocurrencies as soon as possible, study the issue of their taxation and accounting, and also actively involve startups in the regulatory sandboxes.

In addition, on Monday it became known that the Korean Internet Security Agency decided to continue to support blockchain projects in 2020 and allocate $ 9 million to finance them. A discussion of the plan was also held at the event on Friday. At the same time, the department emphasized that cryptocurrency projects and exchanges for participation in the initiative are not considered.

Next year, about 10 projects, with a maximum of $ 1.2 million each, will be able to receive funding from the Korean authorities. The initiative will be implemented for the third year in a row. In 2019, 12 projects were funded in total for $ 11.4 million, including $ 6 million in direct investments and $ 5.4 million in reimbursement.

Among the others at the event were representatives of the Korean National Agency for the Promotion of Information Technology, who also promised to pay increased attention to the blockchain industry.

Publication date 10/30/2019
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David Marcus: blockchain will allow Libra to become the most transparent payment system

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David Marcus, the manager of the blockchain division of Facebook, drew attention to the fact that the technologies that were introduced into the stablecoin from Libra are aimed at increasing measures aimed at combating money laundering. He claims that Libra’s capabilities will enable her to obtain the status of the most reliable payment system.

During his speech at the Money 20/20 conference, which was held yesterday in Las Vegas, Marcus noted that the effectiveness of the application of sanctions in a crypto project from Facebook can be significantly higher than in any other payment network currently known.

According to Marcus, the blockchain technology used in Libra is aimed at enabling regulators to efficiently monitor transactions and identify suspicious activity on the network. He explained that the open registry provides regulators with the opportunity to independently monitor everything that happens on the blockchain, identify risks, not taking into account the data provided in the Libra reports. Marcus noted that now that the project has a defined management structure, it is possible to demonstrate this functionality in practice.

The Libra representative also noted that any developer will get a chance to connect their product to the blockchain if the requirements regarding compliance with anti-money laundering standards and user identification are met. Marcus said that the team is focused on competitiveness, but it will take time in order to gain public confidence in Calibra. He believes that people deserve to have much better than what they have access to now.

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Samsung adds TRON support to development toolkit for its blockchain wallet

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Samsung's technology corporation, based in South Korea, has introduced an updated version of the Samsung Blockchain SDK toolkit – the developers implemented support for the TRON altcoin operation.

The partnership with the largest corporation, Justin Sun, CEO of the Tron project, announced last week. Some crypto amateurs began to speculate that Samsung could become one. Images began to appear on the network confirming conjecture, but now there is already reliable information about the cooperation of the two companies.

Even then, Sun drew the attention of the crypto community to the fact that the new cooperation will have a positive impact not only on the positions of TRON, but also on tokens of the TRC-10, TRC-20 standards. Partnerships with the South Korean giant are expected to affect the distribution of Tron decentralized applications and tokens among millions of people.

It is assumed that owners of Galaxy S 10 gadgets who are representatives of supported jurisdictions will gain access to decentralized applications, as well as assets using the Tron blockchain – USDT-Tron, BTT, as well as a number of others. Note that this update will be the first since the time when support for BTC transactions took place, as well as Klaytn – this was in August this year.

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Name Price24H (%)
Bitcoin (BTC)
$36,777.00
-7.77%
Ethereum (ETH)
$1,185.28
-2.34%
Tether (USDT)
$1.00
-0.64%
XRP (XRP)
$0.280312
-6.11%
Litecoin (LTC)
$143.83
-5.97%
Cardano (ADA)
$0.307527
-3.15%
Bitcoin Cash (BCH)
$488.43
-5.96%
Stellar (XLM)
$0.286135
-5.27%
Monero (XMR)
$155.85
-7.56%
EOS (EOS)
$2.76
-1.05%
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