Category Archives: Cryptocurrency News

Tron has introduced the TRC-721 standard for NFT

Cryptocurrency project Tron has introduced a new TRC-721 standard for non-fungible tokens (NFT). This will empower developers. NFTs are collectible tokens with unique characteristics. Each NFT contains an owner identification number, extended metadata, file links and other identifying information recorded in the smart contract. It is this data that ensures the uniqueness and immutability of each NFT. NFT standards are widely used in various fields where blockchain is applied. However, most of NFT is based…

Tierion will pay SEC $ 250,000 fine for conducting illegal ICO

The US Securities and Exchange Commission (SEC) fined Tierion $ 250,000 for conducting an unregistered ICO in 2017, during which it raised $ 25 million. According to the SEC, the initial public offering of tokens organized by Tierion violated US securities laws. Tierion is a blockchain-based development firm, and during the ICO positioned the TNT token as a means of payment between users of its network. According to the agency, Tierion has sold 350 million…

Ford has tested blockchain to reduce emissions of hybrid electric vehicles

Blockchain and geofencing could be used with plug-in hybrid electric vehicles to improve air quality in cities, according to a study by automaker Ford. Automotive giant Ford conducted a three-year study in London, Cologne and Valencia that examined the potential of commercial plug-in hybrid electric vehicles to address urban air quality challenges. The dynamic geofencing feature used in the study enabled vehicles to operate with zero emissions whenever they entered a reduced emission zone, without…

Bitcoin Development Kit Developers Introduce BDK 0.2.0 Update

The developers of the Bitcoin Development Kit (BDK) open library have introduced the BDK 0.2.0 update, which allows you to reduce the amount of data about transactions in the Bitcoin blockchain. The Magical Bitcoin project, launched this year by Alekos Filini, has since been renamed BDK. BDK is a set of tools for developing Bitcoin wallets that can interact with different platforms. BDK developer Steve Myers announced that the update contains several new features, fixes…

Coinbase Asks FinCEN To Extend Discussion On New Wallet Regulation

Cryptocurrency exchange Coinbase has asked the US Treasury Department to extend the discussion period for the proposed regulation of non-custodial wallets from 15 to the standard 60 days. According to a Coinbase blog post addressed to Kenneth Blanco, Director of the Financial Crimes Enforcement Network (FinCEN), the discussion period on the newly proposed rules to regulate non-custodial cryptocurrency wallets should be extended. Earlier, community members have already expressed dissatisfaction with the relatively short time frame…

Tezos develops hardware protection for validators

Israel-based Tezos Development Center will release a device to secure staked assets of validators. Tezos Israel said in a press release that hardware security modules, developed in partnership with Hub Security, will allow network validators (bakers) to store private keys in a secure cloud or on a separate physical device. This will help protect assets from theft or network outages. Network validators must block cryptoassets for staking for a certain period of time in order…

A book with all the letters and messages of Satoshi Nakamoto was published in USA

Mill Hill Books has released Kicking the Hornet’s Nest, which contains all of Satoshi Nakamoto’s emails, forum posts, and other entries in chronological order. The 340-page book, according to the publisher, includes all the records of Satoshi Nakamoto, the anonymous creator of Bitcoin, ever published on the Internet. The title of the book, “Kicking the Hornet’s Nest: The Complete Writings, Emails, and Forum Posts of Satoshi Nakamoto, the Founder of Bitcoin and Cryptocurrency,” can literally…

Ethereum developer: “after the implementation of EIP-1559, ether will be burned in every transaction”

Developer Eric Conner announced the upcoming implementation of the EIP-1559 Ethereum enhancement. It provides for the burning of ETH when paying commissions. EIP-1559 will improve user experience, enhance network security, and increase block size as needed. After its implementation, new ETH coins will no longer be issued. In addition, EIP-1559 will lead to the destruction of a large number of ethers. They will be burned after every transaction processed on the Ethereum blockchain, which is…

Glasgow University uses Everledger blockchain to authenticate whiskey

The University of Glasgow’s University of Glasgow Environmental Research Center (SUERC) uses the Everledger blockchain to prevent Scotch whiskey counterfeiting. SUERC researchers said the Everledger platform will be available to premium whiskey producers, retailers, auction houses and collectors. They will be able to track the supply chain of rare whiskeys, as well as check the quality of products and their compliance with established standards. According to the center’s researchers, in 2018 the market for “vintage”…

Visa proposed a method of offline payments in state cryptocurrencies

Visa has released a research paper that outlines how government cryptocurrencies can be used to conduct offline transactions. Visa has offered an offline payment system for government cryptocurrencies. The paper, titled Towards a Two-Tier Hierarchical Infrastructure: An Autonomous Payment System for Central Banks Digital Currencies, highlights the benefits of government-owned cryptocurrencies. At the same time, the researchers said that when such currencies become available, they can be used without an Internet connection. The payment giant…