Bithumb resumes services, Ryan Selkis’s FOIL request for XRP II affiliate sales and more

Crypto News – 15 May – Bithumb resumes services, Ryan Selkis’s FOIL request for XRP II affiliate sales and more
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— AMBCrypto (@CryptoAmb) May 15, 2019

Crypto News – 15 May
Erik Voorhees on Bitcoin: The Shapeshift CEO is in the news after he claimed that the world’s largest cryptocurrency couldn’t have moved from $0 to its present price, without bubbles
Read more at https://bit.ly/2LKDf4b
Binance research on Bitcoin: The crypto-exchange’s research wing is in the news after a report by Binance claimed that Bitcoin offered far higher returns than traditional assets
Read more at https://bit.ly/2HrSaLq
SEC on Bitcoin ETF proposal: The United States’ Securities and Exchanges Commission continued to prevaricate, postponing a final decision on the Bitcoin ETF proposal to October 2019
Read more at https://bit.ly/2Hmxkyh
New Milestone for Tron: In more good news for the community, Tron [TRX] surpassed $1 billion in 24-hour trading volume after more than a year
Read more at https://bit.ly/2W1JJzL
Cryptopia writes final chapter: The New Zealand-based exchange that was a major target in a January hack, is in the news again after it entered the liquidation phase and appointed Grant Thornton
Read more at https://bit.ly/2HkERxl
Good news for Bitcoin Cash [BCH]: Bitcoin’s [BTC] average transaction fees soared to a 10-month high while Bitcoin Cash [BCH] showed little change
Read more at https://bit.ly/2LLiTrD
Tuur Demeester on crypto-exchanges: The Founder of Adamant Capital is in the news after he claimed that Bitcoin exchanges and custodians were too big to bail and can fail like pre-1914 gold banks
Read more at https://bit.ly/2Hrj0Dr
 
The post Bithumb resumes services, Ryan Selkis’s FOIL request for XRP II affiliate sales and more appeared first on AMBCrypto.
Source: AMB Crypto

Monero [XMR]’s privacy feature may lead to pressure on countries to address status of privacy coins

Monero [XMR], one of the leading privacy coins in the space, was in the headlines earlier this month because of its hard fork. The coin has now made a comeback due to the same reason. Binance Research posted a research article titled, ‘Examining the Implications Behind Monero’s Latest Fork’ that focuses on the effects of the updates introduced on Monero during the recent hard fork.
The hard fork that occurred on 9 March, 2019 was a non-contentious fork, which did not result in the creation of a sidechain. Notably, this fork carried out four main upgrades, dynamic block size algorithm update, change in Proof-of-Work [PoW] algorithm, addition of dummy encrypted payment ID, and “shrinking the size of amount encodings and using deterministic masks,” to simplify amount commits.
Interestingly, this hard fork was supposed to take place in the next few months, but was advanced because of the dominance of ASIC miners on the Monero network. The fork successfully decreased its dominance by over 80 percent, according to data by 2miners.
The report by Binance Research stated that one of the upgrades, the addition of dummy encrypted payment ID, “made it harder” to discover the origins and destination of a transaction.
The report stated the implication to be,
“As several countries (e.g., France) and individual US states (e.g., Texas) are discussing whether or not privacy coins should be banned, this additional privacy feature may lead to higher pressure on countries to create legislature to directly address the status of privacy coins.”
It further stated,
“Regarding the improvement in the countermeasure to prevent a “big bang attack”, the initial issue was that the size of the block could increase exponentially.”
Source: Binance Research
Additionally, the report stated that the long-term blocksize will be able to increase by “up to 1.4x after 50,000 blocks.” It added that the second addition was pertaining to the change in miner fees “as it is now calculated based on a long-term median block weight versus the previous 100-block median weight.”
The report said,
“As fees are now set based on the long-term median block weight, fees would not decrease when the amount of transactions keep increasing at a lower pace.”
The post Monero [XMR]’s privacy feature may lead to pressure on countries to address status of privacy coins appeared first on AMBCrypto.
Source: AMB Crypto