Tag: Votes

SEC Votes on Expedited Review Process — Shorter Wait Times for EFTs?

boss

The United States Securities and Exchange Commission (SEC) announced it would be streamlining the application process for investment companies, potentially resulting in expedited crypto and blockchain firms operating in a “more efficient and less costly manner.” In a July 6 announcement on the SEC website, the Commission said it had voted to adopt rule amendments for an expedited review process for companies under the Investment Company Act. In addition, the SEC referred to a “new informal internal procedure” for any other applications that did not qualify for this expedited process. …

Huobi Withdraws Steem Votes, Admits to Mobilizing Customer Funds

boss

Four former witnesses have been voted back onto the council of 20 nodes that underpin the Steem blockchain. Their reinstitution follows the withdrawal of votes from major exchanges Binance and Huobi in support of what has been described in an attempted takeover of the network. In a statement issued by Huobi on March 3, the exchange admitted that it had mobilized its customers’ STEEM holdings to vote in favor of ousting the blockchain’s previous validators in favor of Tron founder and recent purchaser of Steemit Inc, Justin Sun: “From time…

Michigan House of Representatives Votes to Include Cryptocurrencies in Criminal Laws

boss

The Michigan House of Representatives has passed a bill, HB 4102, on April 9 that would include cryptocurrencies in criminal codes regarding illegal actions for financial gain. Michigan lawmakers have voted to introduce amendments to various sections of the Michigan Penal Code, specifying that cryptocurrency would be included in provisions relating to money laundering, embezzlement, credit card fraud and financial transactions involving the proceeds of a criminal offense. The legislation also prohibits the collection of cryptocurrency — or any currency — for the fighting, baiting or shooting of an animal.…

As ProgPoW Aimed at Stopping ASIC Mining Gets Supporting Votes, New Conspiracies and Debates Appear

boss

Ethereum (ETH) network users have unanimously supported the ProgPoW algorithm, which is expected to make the platform resistant to application-specific integrated circuit (ASIC) miners. Initially, opponents of the update prevailed over supporters by a margin of 96 percent, according to a Cointelegraph report on Feb. 15. The current scenario is exactly opposite, with 94 percent of voters favoring the implementation of ProgPoW, as evidenced by the Etherchain charts. What is ProgPoW? Simply put, ProgPoW is a version of the proof-of-work (PoW) algorithm, which is supposed to smooth the transition of…

EOS Community Is Challenged After Node Announces Financial Rewards for Votes

boss

This week, the EOS blockchain protocol angered decentralization proponents yet another time. Specifically, Starteos, one of EOS’ officially sanctioned Block Producers (BPs), appeared to publically offer its token holders financial rewards in return for their votes. Starteos’ vote-buying tendencies seem to fall in line with previous scandals centring around EOS: This year, the blockchain protocol reversed previously confirmed transactions and started an internal investigation after Huobi, its other BP, was accused of running a corruption scheme, among other things.   Brief introduction to EOS and its key features EOS.io is…

The Yes Votes Are In: EOS Blockchain to Launch Imminently

boss

The launch of the EOS blockchain has been a giant experiment in remote self-organization. Tonight, it took a big leap forward. As anticipated, candidates for the role of validators or “block producers” (EOS’s equivalent of bitcoin miners) located all over the world voted “Go” to take the mainnet live. EOS is a distributed proof-of-stake blockchain created by Block.One, whose co-founder, Dan Larimer, has pioneered similar systems with BitShares and Steem. The company raised $4 billion to develop the open source software over a year-long initial coin offering. No one really…