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Bitcoin Cash (BCH) platform and protocol development have seen a lot of delivered code and projects over the last two years. The upgrades will help Bitcoin Cash scale to the masses, and many of the added features are protocol developments that are unique to BCH.
Also read: Indian Government Breaks Silence on Crypto Regulation
Would-be coders and eager trolls are digging into the early code for Facebook’s Libra cryptocurrency.
CoinDesk
Craig Wright has filed copyright registrations for the original Satoshi white paper and bitcoin code with the U.S. Copyright Office.
CoinDesk
Japanese startup Nayuta is releasing a lightning network implementation with a compelling new focus: bitcoin payments for the internet of things.
CoinDesk
On Feb. 14, a group of Bitcoin Cash (BCH) developers sat down and discussed the featured items for the scheduled upgrade this coming May. According to the programmers, two specific features will be ready for the upgrade: Schnorr signatures and Segwit recovery. The developers also detailed that certain features like nullfail and the 100-byte transaction size will not be ready for the May hard fork.
Also read: Cryptocurrency Can Now Be Purchased at 10,000 French Tobacco Shops
BCH developer conversations have been taking place ahead of the upcoming May 2019 upgrade. In their latest video meeting, devs agreed that they need to know how much BCH is locked up in p2sh segwit addresses. It was also agreed that Andrea Suisani will take charge of the byte transaction size limit and Mark Lundeberg will review Amaury Sechet’s code on Schnorr signatures. Lastly, Jason Cox extended an open invitation for the qualified to assist with the development and review of BCH code.
Also read: Major Mining Pools Have a ‘High Die-Off Rate’ Study Reveals
Last month, Blockstream, a leading developer of blockchain technologies, launched a new block explorer that allows users to monitor real-time data for both the Bitcoin (BTC) blockchain and the Liquid Network sidechain. After receiving a largely positive response, the company has made the decision to release Esplora, the free and open-source software that powers the site. We’re excited to announce Esplora, the source […]
SludgeFeed
On October 24, 2018, an advisory committee to the Internal Revenue Service (IRS) published a report calling for clarity on the IRS’s position toward cryptocurrency taxation.
The Information Reporting Program Advisory Committee (IRPAC) recently released its annual report advising the IRS on possible areas to improve the tax code, specifically referring to data gathered throughout the fiscal year of 2018.
In this 95-page report, multiple sections are dedicated to the issue of cryptocurrency taxation, with the IRPAC specifically recommending “that the IRS issue further guidance on the information reporting and withholding implications of cryptocurrency transactions.”
In an open letter to the Internal Revenue Service (IRS), the U.S. House’s Committee on Ways and Means argues that the tax collection body is leaving investors in the lurch with its vague cryptocurrency tax codes.
Authored by congressional representatives Kevin Brady, Lynn Jenkins, Darin LaHood, David Schweikert and Brad Wenstrup, the letter, addressed to Acting Commissioner David Kautter, calls on the IRS to devise a more concrete cryptocurrency taxing scheme than the one it currently enforces.
Constellation Labs, a horizontally-scalable blockchain for consumer-grade applications, has announced the release of its testnet — the first version of Constellation’s base code. This launch begins a process of building out a small network of nodes, which communicate with each other in order to prevent “bad actors” on the system. The testnet’s primary goal is to accomplish both the handling and validation of basic transactions. Constellation’s testnet also demonstrates some of the system’s fundamental architectures, while enabling extensive testing of its core system’s functionality and stress-testing the node network.
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The Bubi Code Review Bounty Program, organized by the Bubi Technical Community, will be officially launched on August 4th, 2018. The event has prepared prizes for those who report bugs or give optimization suggestions, with a prize pool of up to one million dollars. Developers can visit the official website to sign up, review the BUBI Chain X source code, get rewards, and finally achieve self-worth.
It’s the combination of internal and external rules that ultimately dictates how blockchain-based platforms will operate, says Primavera De Filippi.
CoinDesk
The ethereum network’s transition to proof-of-stake is getting closer to reality, beginning with a hybrid system that could soon begin testing.
CoinDesk
Malware attacks continue to garner a great deal of attention in the tech world. Short for “malicious software,” its intent is to damage or disable computers and computer systems.
Now researchers from the cyber security firm Imperva say they have found the source of 90 percent of remote code execution attacks in December 2017: cryptomining malware. In a blog post dated February 20, 2018, Imperva assesses the recent spike in cryptomining malware attacks. They specifically examine the amount of money the brazen attackers are walking away with, while providing risk management advice to organizations seeking to steer clear of them.
The new U.S. tax code amends IRC Section 1031 (a)(1) regarding “like kind exchanges,” excluding all cryptocurrencies from a previous legal loophole and making all cryptocurrency trades a taxable event.
On Friday morning, U.S. President Donald Trump signed a new tax bill into law, signalling the first major tax overhaul in the U.S. in over 30 years. And while you may or may not have high praise for the bill, one thing is certain: the new tax code is bad news for cryptocurrency investors. Starting Jan. 1st, 2018, all cryptocurrency trades will be a taxable event, including swapping one cryptocurrency for another.
