As ‘Plasma’ Stalls, SNARKs Become New Hope for Scaling Ethereum Now

Efforts to scale ethereum, the world’s second-largest blockchain, are growing more varied as one much-anticipated solution encounters pitfalls amid its continued development. At the forefront of this transition has been plasma, a concept widely heralded as ethereum’s best bet for short-term scaling. Already, researchers behind the tech have built five distinct versions of the protocol – but within these multiple iterations, there’s evidence that work isn’t proceeding as originally hoped, with little actionable code being put together well over a year since its inception. As plasma slows, however, attention is being…

New Amendments to French Finance Bill Would Ease Taxes for Crypto-Related Revenue

The Finance Committee of the lower house of French parliament has adopted amendments to a tax bill that ease taxes on cryptocurrency sales, daily French newspaper Le Figaro reports Wednesday, Nov. 7. The amendments adopted by Finance Committee of the National Assembly refer to a draft of the government finance bill (PLF) for 2019. If the final version of the document is approved by a broader parliament, whose hearings are scheduled for next week, the tax on crypto sales will be equal to capital income tax. Currently crypto income is…

Why Bitcoin is Primed for a Christmas Surprise

Twitter Facebook LinkedIn Nearly 11 months into a bear market that has seen the bitcoin price take a two-thirds haircut from its all-time high, the flagship cryptocurrency could be on the verge of a year-end rally. Mati Greenspan, senior market analyst at eToro, has been watching for a bitcoin breakout for some time now, and he said in market commentary made available to CCN that there are early indications that cryptocurrencies will see a “Santa Claus rally” heading into the new year. “In traditional markets, it’s very common to see…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, Nov. 7

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The sharp drop in Bitcoin’s volatility at a time when the volatility in the U.S. stock markets soared is a sign that cryptocurrencies have decoupled from equity markets. It has emerged as an independent asset class, buoyed by fundamentals. A recent report by Morgan…

Expert projections: Where is the current Bitcoin value headed?

The current Bitcoin value has this year taken a nose dive from its highs in late 2017. From a high of $20k to a low $6,525.50 at the time of writing, Bitcoin is having a hard time disengaging from the powers of the bears. While this is written all over the place, experts projections are indicating a positive momentum soon and the current Bitcoin value is marked to appreciate to even higher heights before the end of the year. Not to mention long-term predictions which are even more promising. Below…

Colorado and California Just Elected Pro-Bitcoin Governors

Following the 2018 midterm elections, the U.S. will see two new pro-Bitcoin governors sworn into office. Jared Polis (D-CO) and Gavin Newsom (D-CA) both won out against their respective Republican contenders last night, November 6, 2018. While their campaign points and platforms were capitalized by a progressive agenda, their favorable attitudes toward cryptocurrencies and blockchain technology have caught the crypto community’s attention. Congratulations to early Bitcoin advocate @jaredpolis on being elected Governor of Colorado! “Polis said that he will use his powers in Congress to fight against any attempts by…

Bitcoin Cash Community Introduced to New BCH Library Written in Rust

On Nov. 5, the software developer Brenton Gunning announced to the Bitcoin Cash (BCH) community that he’d developed a BCH library written in the programming language Rust. The new library allows developers the ability to work on BCH applications and platforms written in the Rust coding environment. Also read: Discussions Intensify as BCH Fork Approaches Rust-BCH 0.1.0: A Bitcoin Cash Library Written in the Rust Programming Environment Rust is a popular programming language designed in 2006 by Mozilla employee Graydon Hoare. The Bitcoin Cash community has been introduced to another BCH…

Student Invests $5k in Crypto, to Pay $400k in Taxes

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. In May 2017, a college student based in the US invested $5,000 in Ethereum (ETH), when the digital asset was worth around $50. Within merely months, the price of ETH skyrocketed from $50 to $1,281 at its peak, as the cryptocurrency market achieved a valuation of $800 billion. With a base return of 25-fold, having made over $125,000 in ETH, the individual invested in a few…

US Software Company Salesforce Wins Patent for Blockchain Anti-Spam Solution

U.S. software company Salesforce has won a patent to detect spam emails using blockchain technology. The patent filing was published on the U.S. Patent and Trademark Office (USPTO) website Tuesday, Nov. 4. Salesforce, which offer its customers is a cloud-based mailing platform, patented a solution that allows for the detection of whether an initial email was modified while being sent. In addition, the blockchain-driven program could help improve the existing filters that often fail to distinguish between spam and regular emails, such as promo letters. As explained in the technical…

Mauritius Financial Commission Releases Draft Regulation for Crypto Custodian Services

The Financial Services Commission (FSC) of the Republic of Mauritius has released a draft regulatory framework for crypto custodian services, according to an official document posted on Nov. 5. According to the announcement, the island country aims to establish regulation for custodian services for digital assets in order to enable users of crypto custodian services to have a due level of safety. According to the draft regulation, the FSC will issue a custodian service license that will allow an entity to operate as a holder of digital assets as well…