Day: August 25, 2018

Ethereum Core Devs Debate Constantinople Hard Fork and “Difficulty Bomb” During Meeting

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Ethereum (ETH) core developers have held their regular meeting on YouTube August 24 on the progress of client implementation and tests of the Enterprise Integration Patterns (EIPs) for the upcoming Constantinople hard fork. The meeting started with a discussion of the latest updates on the processes of no-proof blockchain tests and the progress achieved on major ETH clients, with one of the devs explaining that there is a need to revamp some of the testing to avoid potential consensus issues. This week saw the release of a number of new…

Bank of America Applies for Blockchain-Based Encrypted Crypto Storage System Patent

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The U.S.’s second-largest bank, Bank of America (BofA), has applied for another blockchain patent on the development of a secure crypto storage system, according to a patent document published by the U.S. Patent and Trademarks Office (USPTO) August 23. The patent, entitled “Block Chain Encryption Tags,” describes a system of recording and storing cryptocurrency-related transactions that are handled by enterprises. In short, the invention offers a system of data security for blockchain networks by implementing encryption and linking data units to the blocks of a certain blockchain. In the patent…

SEC Wants Second Look at Nine Bitcoin ETFs

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One day after the U.S. Securities and Exchange Commission (SEC) rejected proposed rule changes for nine bitcoin ETFs, the Commission initiated a review of all related decisions. Three rejection orders made on August 22 are now stayed pending the review by the SEC Chairman and the Commissioners. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space SEC Initiates Review of Nine Bitcoin ETFs After rejecting the proposed rule changes for nine bitcoin ETFs, the SEC sent out notices stating that it will review the delegated actions on all of them.…