Ethereum 

Ethereum Istanbul Hard Fork Release Date Confirmed By Core Developer

Team lead at the Ethereum (ETH) Foundation Péter Szilágyi has confirmed Dec. 4 as the expected date for the network’s forthcoming Istanbul hard fork. In two tweets posted on Nov. 7, Szilágyi indicated that Istanbul will commence at block 9069000. He provided Geth mainnet node operators with a link to a new maintenance release designed to begin the hard fork’s initialization.  Geth is the name given to one of the two most popular clients used to operate nodes on the Ethereum network — the other being Parity. Ethereum gets closer…

Read More
Blockchain 

Æternity Releases Final Hard Fork Software to Compete with Ethereum

The core development team of blockchain platform Æternity announced the release of the software of its latest hard fork, namely Lima. Æternity announced in a press release published on Nov. 5 that the introduction of Lima improves the network’s virtual machines, governance and naming system. The purpose of the update explicitly described in the announcement is to challenge Ethereum and other blockchain platforms. A virtual machine ten times more efficient  The press release claims that Æternity is one of the most active blockchain developer communities measured by code activity. Core…

Read More
Blockchain 

Qtum’s First-Ever Hard Fork Qtum 2.0 Is Now Active

Major Proof-of-Stake (PoS) blockchain Qtum has gone through its first-ever hard fork today, updating the network to Qtum 2.0. Major network upgrade Qtum blockchain has had its first hard fork as scheduled, Qtum Official tweeted on Oct. 17. The hard fork happened at block 466,000, upgrading the Qtum network to unlock a number of significant features such as smart contract and block spacing improvements, as previously announced by the firm. According to Qtum blockchain explorer Qtum Insight, the number of blocks on Qtum blockchain has crossed the 466,000 mark, amounting…

Read More
Blockchain 

US IRS Releases Guidance on Crypto Airdrops and Hard Forks

The United States’ federal tax service has issued guidelines for tax reporting regarding cryptocurrency airdrops and hard forks. In an announcement on Oct. 9, the U.S. Internal Revenue Service (IRS) announced the issuance of Revenue Ruling 2019-24, which addresses common questions of taxpayers and practitioners regarding crypto hard forks and airdrops.  The guidance also answers questions regarding cryptocurrency transmissions for investors that hold cryptocurrencies as a capital asset. IRS Commissioner Chuck Rettig said:  “The new guidance will help taxpayers and tax professionals better understand how longstanding tax principles apply in…

Read More
Blockchain 

Aragon Expects Ethereum’s Istanbul Hard Fork to Break 680 Smart Contracts

The Ethereum network’s Istanbul hard fork is expected to break 680 smart contracts on the decentralized management platform Aragon. Jorge Izquierdo, CTO at Aragon One, said that the upcoming upgrade will result in the breaking of roughly 680 smart contracts, industry-focused media outlet Coindesk reported on Sept. 30.  Izquierdo explained that the impetus behind the update is to further ensure frictionless functioning of decentralized autonomous organizations (DAOs) built on the Aragon platform and address affected smart contracts. Izquierdo added that DAOs will no longer be able to receive Ether (ETH)…

Read More
Ethereum 

Early Arrival of Ethereum’s Istanbul Hard Fork Causes Testnet Split

Ethereum’s system-wide activation of the Istanbul hard fork has arrived two days early and caused a split of the Ropsten testnet. Huge miner pushing the non-forked chain On Sept. 30, the community manager of the Ethereum Foundation, Hudson Jameson took to Twitter to explain that there are miners mining on the old Ropsten testnet, while others are already mining on the new one. Cointelegraph previously reported that Jameson said that the testnet launch of the hard fork was scheduled to take place at the beginning of October. He added: “For…

Read More
Ethereum 

Ethereum Classic Successfully Implements Atlantis Hard Fork

The team behind Ethereum Classic (ETC) has activated the Atlantis hard fork aimed at the improvement of the altcoin’s functionality and compatibility with Ethereum (ETH). The news was announced in a Twitter post by ETC Director of Developer Relations, Yaz Khoury on Sept 12. Khoury congratulated the project with the development, saying: “Congratulations @eth_classic on the successful activation of the Atlantis Hardfork! Was one of the longest debates to reach consensus along with a lot of the immutability politics Learned a lot about the beauty of decentralization and a distributed…

Read More
Blockchain 

Cryptocurrency Exchange OKEx Announces Support for ETC Hard Fork

Cryptocurrency exchange OKEx has announced support for Ethereum Classic’s (ETC) upcoming Atlantis hard fork. In a blog post published on Sept. 10, OKEx announced that the exchange will support ETC’s hard fork, estimated to take place between Sept. 12 and Sept. 13, 2019 at block height 8,772,000. OKEx warned in the announcement that during the planned period, users should deposit their ETC to OKEx in advance since the exchange will handle related technical issues. Users’ ETC accounts will not be affected. OKEx noted that it will resume services once the…

Read More
Bitcoin 

Trading Bitcoin Is Hard — 10 Things Every Beginner Trader Must Know

We have all heard hundreds of stories about the life-changing money being made in the crypto space. Anonymous Twitter traders regale us with tales of turning $1,000 into millions in a matter of months, flipping altcoins and making 100x on investments daily.  Moon. Lambo. To the outside observer, this seems like an easy and sure way to get rich quick. They leave their jobs to become “professional crypto traders,” even before learning the basics of trading and managing risk. We all know how this story ends. Being a trader in…

Read More
Ethereum 

Ethereum’s Istanbul Hard Fork Implementation Delayed to Early October

Ethereum’s testnet activation of the Istanbul hard fork has been pushed back to early October, according to the community manager of the Ethereum Foundation, Hudson Jameson. According to CoinDesk on Sept. 6, Jameson said on a developers’ call that the testnet launch of the hard fork is now scheduled to take place in the beginning of October. He added: “For anyone listening in who doesn’t know how this works, we pick a block number that we estimate to be around the 2nd of October. […] However, that might be one…

Read More