Latest Evants News

The Simplecoin , which is a cryptocurrency Mining Platforms , focuses on accessibility and will be shutting down in the new year . The single currency is a cryptocurrency Mining Platforms that is focused on convenience . If sources are to be believed , then it will be shutting down in the new year. This happened due to the  European Union impl ementation of Anti Money Laundering directive. Additionally, it will force the Simplecoin to adhere to the new know your customer (KYC) policy. It is an anti- money policy tha t is to comply with the legislature that stands against what Simplecoin believes in.   Shutting down of Simplecoin   According to the sources, the Simplecoin will be shut down during J anuary 1st, 2020 . This happened due to the European Union fina l regulation that is for a new Anti-money directive. It will force Simplecoin to adhere with the new KYC and anti-money policies. Moreover, this platform is based in the Net...

Haruhiko Kuroda, the governor of Bank of Japan, said that there was no public demand for a central bank digital currency (CBDC) in the country. Kuroda made this claim on 4th December during the 35th anniversary of the Center for Financial Industry Information Systems during his speech. He also highlighted the challenges that CBDCs and private global   stable coins  pose to the current banking system. He ended his speech by saying that Japan doesn’t need a CBDC currently. Increasing Cash Outstanding The governor emphasized that the cash outstanding was increasing rapidly in Japan. He said that this indicated that there wasn’t a significant demand for CBDC amongst the public . He, however, insisted that the Bank of Japan was conducting legal and technical research on the matter. The purpose of this exercise was to stay prepared whenever the need for CBDC 13 arises in the future. He further asserted the need for the bank to analyze the impact that CBDCs have o...

Major US crypto exchange Bitfinex has partnered with Bitrefill toallow platform clients to shop via Bitcoin on the Lightning Network. A December 4 press release wrote that Bitfinex users will be able to make instant payments for a variety of services; using Bitcoin on their exchange wallets. A Lightning B2B settlement system According to the press release, both companies attributed the development of the service as th e world's first of its kind dynamic B2B settlement process  using the Lightning Network . Meanwhile, the announcement builds on top of recent Bitfinex news of enabling bitcoin lightning transactions ;  plus almost negligible fees for users using the service for deposits and withdrawals.  Bitfinex demonstrated that setting up a system as the Bitcoin payment integration with lightning network, involved a lot of tinkering :  “Bitfinex and Bitrefill ut ilize customized versions of Lightning to open large channels t...

Ethereum developers  proposed  a hard fork dubbed Muir Glacier , which most community members believe coul d cause significant slowdown on the Ethereum network. Nevertheless, the hard fork is designed to address the challenges of the loom ing Ice Age . J ames Hancock , an Ethereum developer suggested in an Ethereum Improvement Proposal for November, that Muir Glacier would push back the Ice Age mechanism. Ice Age is unnecessarily complicated and confusing Ethereum’s Ice Age which i s also popularly known as the Difficulty Bomb, describes the increasing hashing difficulty in the mining algorithm. The mining algorithm is the scheme that the main net uses to reward miners with Ether on the blockchain . In general, the piece of code will artificially slow down production of blocks on t he Ethereum blockchain ; and as a result, determining functions for miners who would want to continue with the Proof of Work (PoW)-;   Even after Ethereum has transitioned t...

The International Digital Assets Exchange (IDAX) has today  confirmed the reports of CEO going missing after days of uncertainty. As a result, the exchange has informed users that it has restricted access to their cold wallets . The exchange stated that its CEO went “ missing with unknown cause” since 24 November. Additionally, the announcement claimed that IDAX Global staff have made no contact with the CEO since the aforementioned date; the date when IDAX reported congestion on its withdrawal channel . However, that announcement was addressing the withdrawal congestion. Interestingly , on the same date, Nov24, the Chinese exchange announced it will not be offering its services to users in China. This came after the PBoC issued a notice that several  exchanges  were being shut down in the country. IDAX Drawing Emergency Plan Moreover, in today’s announcemen t the exchange claims that it will set up an emergency plan for its services. How...

CNBC’s Power Lunch interviewed Bitcoin Cash proponent Roger Ver on his perspective concerning the recent bearish market and where he believes Bitcoin Cash is heading. The early Bitcoin investor used the platform to lay an insanely bold claim on BCH potential. Cryptocurrencies Are Here To Stay Meanwhile, Roger in response to the third week of cryptomarkets bloodbath. Suggested that :  “ Both bitcoin and BCH are up about double in the last year, and they’re up a couple of thousand percent over the last five years.”  However, he claimed that this only holds true for Bitcoin. While Bitcoin Cash on the other hand began shedding half of its price value back in August 2017. Nonetheless, Roger has a firm belief that the digital currency space is here to stay; regardless of the recent crypto market slump.  Bitcoin Cash Could Shoot Up 1000x Since Bitcoin Cash surged to a record $3,900 level in 2017, it has been struggling to remain ...