Cryptocurrencies are going DOWN or UP?
We have to admit that, we are facing really challenging time with fear and hope on cryptocurrencies moving. That's natural because fear and hope are parts of human's which are god gifted.
But these are leveling up in mind and heart due to the recent incidents with various coins, tokens or similar to those.
Now some more are being added in this line.
Japanese cryptocurrency exchange Coincheck will delist trading pairs for privacy-centric cryptocurrencies monero (XMR), zcash (ZEC), and dash (DASH) next month.
The Tokyo-based exchange, which was purchased by brokerage firm Monex following a high-profile January hack that saw the platform lose $530 million in NEM tokens (XEM), announced on Friday that it will no longer facilitate trading for these cryptocurrencies, which provide their users with the ability to make transactions that are less traceable than those made with bitcoin and most other blockchain-based coins.
Coincheck said that it came to the decision to cease support for these cryptocurrencies following a “drastic review” of its internal control system and as part of a new “management strategy that thoroughly protects customers.” It is “not appropriate,” the firm said, to deal with these currencies, as they present risks to the firm’s ability to maintain compliance with anti-money laundering (AML) regulations.
As CCN reported, Japan’s Financial Services Agency (FSA) — the regulatory agency that licenses cryptocurrency trading platforms to operate in the country — is rumored to be pressuring exchanges to delist privacy coins.
In people's gossip, it's time to see how this action effects the entire market.May be it will cause some bad effects or rather make it more strong. Who knows.......
"Where are you going? HOLD ON please."
Another news is related to most trending coin of this time. Yes, you have that right...
That is BITCOIN CASH
The controversial hard fork of bitcoin hard forked again several days ago in an effort to add new functionality to the cryptocurrency protocol and further differentiate it from its predecessor. But in the process - executing at block 530350 - a portion of the bitcoin cash community was left behind.
At the time of writing, between 16 percent and 17 percent of bitcoin cash nodes are running old software and because of the way upgrading by hard fork works (whereby changes are not backwards compatible), those nodes are now running on a completely separate network. As such, if any user running one of those nodes were to make a transaction, the new, larger bitcoin cash network would not recognize it.
Critics of bitcoin cash argue it's a bad sign that so many nodes haven't upgraded, since those users are now completely cut off from the rest of the network.
Some have even gone as far as to argue the quietness around the hard fork as a sign that relatively few people care about bitcoin cash. If more people cared, they contend, the changes would see more debate, because people would be worried about the implications, Bitcoin Core contributor Kalle Alm argued on social media-
"You can tell bitcoin cash is not bitcoin by looking at how not everyone is losing their shit all over the place," he said, adding:
"Imagine if 20 percent of bitcoin nodes failed consensus? Everyone would explode."
But proponents of the network disagree.
"That's a rather meaningless statistic. Likely the reason those nodes haven't upgraded is because they aren't in use and the owners haven't bothered yet," said Chris Pacia, lead developer at OB1's OpenBazaar.
Now we have to wait for watching the next drama....
encies, which provide their users with the ability to make transactions that are less traceable than those made with bitcoin and most other blockchain-based coins.Coincheck said that it came to the decision to cease support for these cryptocurrencies following a “drastic review” of its internal control system and as part of a new “management strategy that thoroughly protects customers.” It is “not appropriate,” the firm said, to deal with these currencies, as they present risks to the firm’s ability to maintain compliance with anti-money laundering (AML) regulations.
As CCN reported, Japan’s Financial Services Agency (FSA) — the regulatory agency that licenses cryptocurrency trading platforms to operate in the country — is rumored to be pressuring exchanges to delist privacy coins.
In people's gossip, it's time to see how this action effects the entire market.May be it will cause some bad effects or rather make it more strong. Who knows.......
"Where are you going? HOLD ON please."
Another news is related to most trending coin of this time. Yes, you have that right...
That is BITCOIN CASH
The controversial hard fork of bitcoin hard forked again several days ago in an effort to add new functionality to the cryptocurrency protocol and further differentiate it from its predecessor. But in the process - executing at block 530350 - a portion of the bitcoin cash community was left behind.
At the time of writing, between 16 percent and 17 percent of bitcoin cash nodes are running old software and because of the way upgrading by hard fork works (whereby changes are not backwards compatible), those nodes are now running on a completely separate network. As such, if any user running one of those nodes were to make a transaction, the new, larger bitcoin cash network would not recognize it.
Critics of bitcoin cash argue it's a bad sign that so many nodes haven't upgraded, since those users are now completely cut off from the rest of the network.
Some have even gone as far as to argue the quietness around the hard fork as a sign that relatively few people care about bitcoin cash. If more people cared, they contend, the changes would see more debate, because people would be worried about the implications, Bitcoin Core contributor Kalle Alm argued on social media-
"You can tell bitcoin cash is not bitcoin by looking at how not everyone is losing their shit all over the place," he said, adding:
"Imagine if 20 percent of bitcoin nodes failed consensus? Everyone would explode."
But proponents of the network disagree.
"That's a rather meaningless statistic. Likely the reason those nodes haven't upgraded is because they aren't in use and the owners haven't bothered yet," said Chris Pacia, lead developer at OB1's OpenBazaar.
Now we have to wait for watching the next drama....