Category: Analysis

Privacy Crypto Grin’s First Hard Fork Planned for July

Grin developers have reached a rough agreement on a block number and expected date of activation for the crypto network’s first ever system-wide upgrade or hard fork. Proposed by Quentin Le Sceller, a Grin core developer and software engineer at blockchain startup BlockCypher, during a developer call on Tuesday, the proposed activation block number is 262,080. ...

Japan’s Crypto Traders May Face Closer Scrutiny Over Tax Avoidance

Japanese tax authorities are planning to take action on the under-reporting of cryptocurrency-based profits. According to a report by The Asahi Shimbun on Wednesday, the newspaper’s sources have said that larger cryptocurrency transactions could be tracked in an effort to identify trades that are not being declared for tax purposes. The potential move has been ...

100 Bitcoin Users Perform What Might Be Largest ‘CoinJoin’ Transaction Ever

The community behind the privacy-centric bitcoin app Wasabi Wallet recently brought together 100 people to collectively execute a “CoinJoin” transaction on bitcoin in what might be the biggest event of its kind. Some context: bitcoin itself is far from private, as users can, via the blockchain, see where coins are being transferred to and from. ...

Above $125: Litecoin Jumps to Highest Price in Over a Year

Litecoin’s price hit its highest level in over a year on Monday. The world’s fourth largest cryptocurrency as per market capitalization rose to $128.07 at 12:00 UTC on Coinbase – the highest level since May 23, 2018 – and was last seen trading at $126, representing a 10 percent gain on a 24-hour basis. Notably, ...

Zilliqa Passes ‘Milestone’ With Addition of Smart Contracts to Its Blockchain

“Next-generation” cryptocurrency Zilliqa has announced the launch of smart contracts on its platform. In an announcement sent to CoinDesk, Zilliqa president and chief scientific officer Amrit Kumar said passing the “milestone” means the project has “developed the technology we envisioned two years ago, and now, we are open for business.” Following the launch, developers will now ...

Two Startups Are Partnering to Enable Amazon Purchases with Ethereum

Two blockchain-focused startups are teaming up to enable Amazon purchases with ethereum. In a press release published Friday, crypto payments firm CLIC Technology said it is collaborating with blockchain infrastructure provider and B2B platform Opporty to develop an app-like browser extension allowing Amazon customers to pay for items in the ether (ETH) token, even though ...

14 Banks, 5 Tokens: Inside Fnality’s Expansive Vision for Interbank Blockchains

The Takeaway: With $63.2 million in fresh funding from 14 banks, Fnality is building tokenized versions of five major fiat currencies. The digitized fiat would be fully collateralized by cash held at central banks and is meant to solve the “cash on ledger” problem faced by other financial blockchain projects. The consortium says it is open ...

Binance to Launch Bitcoin-Pegged Token on Its Own Blockchain

Binance will issue a number of tokens pegged to leading cryptocurrencies on Binance Chain to boost the number of trading options on its platform. The tokens are also likely to be extended to Binance DEX, the firm’s recently launched decentralized exchange, as they create the potential to in effect move cryptos from different blockchains onto its ...

Where to Find Bitcoin’s Rising Stars

Thirteen coders and academics gathered this week at Chaincode Labs in New York City for the bitcoin protocol residency program, in what organizers say is the most intensive and diverse cohort to date. It would be hard to overstate how impactful this quiet program is, as one of the few resources for independent developers in ...

Ethereum Devs Approve First Code Changes for ‘Istanbul’ Hard Fork

Two Ethereum Improvement Proposals (EIPs) have been approved for inclusion in ethereum’s next major upgrade, Istanbul. These are the first two code changes to be officially approved for the Istanbul upgrade, which is tentatively targeted to activate on ethereum mainnet in October. In today’s bi-weekly call, developers discussed which of the nearly 30 EIPs for ...