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…

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Cryptocurrency 

Telegram Releases Test Gram Wallet Despite Pending SEC Suit

Telegram has released a test version of its desktop wallet for its own digital coin, known as Grams, despite an injunction from the SEC preventing the launch of its planned blockchain, Telegram Open Network (TON). Users can download the desktop app on Windows, macOS, and Linux 64 bit from Telegram’s official website. The app greets users with the message, “Now you have a wallet only you control – directly, without middlemen or bankers.” Users can also engage in test transactions with Grams distributed by a special Telegram bot; however, it warns that these…

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Blockchain 

G7 Task Force Releases Full Report on Impact of Global Stablecoins

A G7 task force reports that stablecoins, such as Facebook’s Libra, present significant risk to the global financial system but also have potential in the field of payments. Doubling down on regulations On Oct. 18, in a report requested by the G7 Finance Ministers and central bank Governors, the relevant task force confirmed that the group of the seven wealthiest nations would not allow any global stablecoin to launch without adequately addressing the related challenges and risks. Cointelegraph reported on an unpublished draft of the same report on Oct. 14.…

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Blockchain 

LiquidApps Releases Horizontal Blockchain Scaling Solution

Blockchain development firm LiquidApps has introduced a new blockchain scalability solution for decentralized application (DApps) developers. The new service called vCPU aims to scale blockchain processing power horizontally, which provides more computing power per action than native blockchains, according to a press release shared with Cointelegraph on Oct. 14.  LiquidApps states that vertical blockchain scaling creates a barrier to entry for potential miners and block producers, as it requires the validation of nodes to add more capacity. More power to developers VCPU ostensibly allows developers to access a greater supply…

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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…

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Blockchain 

Casa Releases New version of Its Bitcoin Full Node Casa Node 2

New York-based crypto custody startup Casa has released Casa Node 2, a new iteration of the industry’s popular pre-synced Bitcoin (BTC) full node product. Original Casa Node did a great job, the firm says According to an Oct. 8 blog post, Casa Node 2 offers a faster and smoother Bitcoin and Lightning experience by deploying a faster processor on the Raspberry Pi 4 with 4GB RAM and a 1TB SSD. In the announcement, Casa stated that their original Casa node did a great job as a full Bitcoin and Lightning…

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Blockchain 

EOS Developer Block.one Releases Version 2.0 of EOISO Protocol

EOS developer Block.one has announced the release of version 2.0 of the EOSIO open source protocol, according to an official press release shared with Cointelegraph on Oct. 8. EOSIO is a blockchain-based smart contract protocol used to develop and host decentralized applications (DApps). It employs a consensus model called delegated proof-of-stake. Protocol updates: smart contract efficiency and security According to Block.one’s announcement, the core of EOSIO 2.0 includes various improvements to EOS VM — a high-performance WebAssembly engine specialized for blockchain applications that enables more efficient use of system resources…

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Blockchain 

Blockchain-Based Protocol Tachyon Network Releases White Paper

Tachyon network, a decentralized internet protocol has officially launched its white paper which discloses details on the project background and Tachyon ecosystem. Reconstruct the TCP/IP model In a press release shared with Cointelegraph on Sept. 27, Tachyon network announced the release of its white paper revealing details on how the protocol is set to reconstruct the TCP/IP model. The TCP/IP model, after 36 years of use as the foundation of the internet, is slowly falling behind the increasing demand for stability, security, speed and trust, the white paper reads, adding:…

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Blockchain 

Cybersecurity Firm Releases WannaCryFake Bitcoin Ransomware Fix

Cybersecurity firm Emsisoft has released a solution for Bitcoin (BTC)-demanding ransomware WannaCryFake. Pay Bitcoin in return for your data In a Sept. 25 blog post, Emsisoft announced that they are releasing a new free fix for the WannaCryFake ransomware bug. The WannaCryFake is the next version of the WannaCry worm, a type of malicious software program that first began spreading across computer networks in May 2017. When a computer system is infected with the WannaCryFake worm, data is held hostage and a payment in Bitcoin will be requested to decrypt…

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Bitcoin 

ICE Releases Initial Margin Limits for Bakkt’s Coming Futures Trading

The Intercontinental Exchange (ICE) has announced tentative margin requirements for Bakkt Bitcoin (BTC) futures trading contracts. The announcement appeared on ICE’s official website on Sept. 9. Bakkt futures margin requirements Per the notice, the initial hedge requirement for daily and monthly futures contracts is $3,900. The speculative initial requirement for both contracts is $4,290. The inter-month add-ons for the monthly and daily futures contracts are between $400 and $1,000 for the hedge rate and between $440 and $1,100 for the speculative rate. These margin requirements represent the latest developments surrounding the…

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