Bitcoin Hard Fork Developers Are Free From FinCEN Regulation
Up until this point, FinCEN has clearly defined projects related to digital currency and Bitcoin do not fall in the same category as prepaid access sellers or providers. The Bitcoin Classic hard fork solution could lead to legal trouble down the line. Or that was the assumption at least, even though no one was able to confirm this statement at that time. An interesting question was raised, though, and the answer will put a lot of people’s mind at ease: the current FinCEN guidelines will not get developers in legal trouble. Most of this discussion started from the point of view that hard....
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The highly anticipated Ethereum hard fork is expected to launch on August 4 at block height 12,965,000 according to Ethereum core developers. The London hard fork will add five Ethereum Improvement Proposals (EIPs) that aim to enhance the blockchain. However, the Berlin hard fork was postponed after a vulnerability was identified by the audit company Chainsecurity and the London hard fork could be delayed as well. London Hard Fork Scheduled for August 4, 2021 Ethereum’s London hard fork is one of the most long-awaited changes in quite some time and will follow the recently....
So far, developers are calling 'Spurious Dragon' a success. Ethereum's latest hard fork, officially activated at block 2,675,000 today, comes days after the code was first tested as a solution to ongoing network performance issues. Among other changes, the fork will give developers the ability to delete empty accounts left by an unknown attacker that had effectively flooded the network. While generally seen as a dangerous way to upgrade a blockchain (since it can lead to a network split if the proposed changes aren't accepted by everyone), ethereum's developers have embraced hard forks as....
Is the early stage of the hard fork potentially driving this price rally of Bitcoin? It’s definitely possible, but it could also be a variety of other factors as well. Over the past week the price per Bitcoin has shot up almost $40.00 USD and there has been some speculation about whether that spike has had anything to do with the news about the hard fork to Bitcoin Classic. There have been some concerns about the hard fork due to some issues with scaling, adoption, regulation, legality and liability. Yet there have been vocal supporters of the hard fork in the space that have championed....
Other changes include the release of a stable Go API, as well as Android and iOS support for Geth. As most cryptocurrency users are well aware, Ethereum will undergo another hard fork. After a lot of discussion among developers, the decision was made to activate the fork at block 2,675,000. Multiple clients will be ready to accommodate this change, which marks another significant milestone for the Ethereum ecosystem. Every Ethereum hard fork has a rather unusual name, and the fourth one is no exception. Under the Spurious Dragon banner, this new fork will go into effect at block 2,675,000.....
The Financial Crimes Enforcement Network (FinCEN) has announced that it will soon propose new regulation affecting cryptocurrency holdings at foreign exchanges. This proposal is separate from the one FinCEN recently proposed on cryptocurrency wallets. FinCEN’s New Crypto Rules FinCEN, a bureau of the U.S. Department of the Treasury, issued a notice on Thursday regarding a new filing requirement for cryptocurrencies. FinCEN detailed: Currently, the Report of Foreign Bank and Financial Accounts (FBAR) regulations do not define a foreign account holding virtual currency as a type of....