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Bitcoin Improvements Continue
Bitcoin (BTC) node synchronization would be impossible if it were not for the improvements that have been made to the software, this is according to the research arm of crypto exchange BitMex. BitMex Research measured the Initial Block Download (IBD) times of Bitcoin Core software releases from 2012 to 2019 needed to download the blockchain and verify it and recently shared their conclusions. The research team claims that the older version of the Bitcoin Core software may be impossible to synchronize now and that the scalability improvements made to the software are essential to the operation of the network.
Crypto Regulations In The EU To Change In 2020
In January 2020, the regulatory landscape for crypto businesses will be changing in the European Union. Not long ago, the Anti-Money Laundering regulations were extended to cover cryptocurrency custodian wallet service providers and crypto-to-fiat exchanges in the EU. The legislation known as the EU Fifth Anti-Money Laundering Directive passed on July 9, 2018, and shall be transposed into the national legislation of each EU member state by Jan. 10, 2020. Before that, cryptocurrencies, in most cases, fell outside of the EU regulatory regime.
Can Blockchain Help The People Of East Africa?
In the rural areas of Kenya, the people living there face a very common problem associated with traditional finance and hard cash. Another persistent problem in third world countries is the lack of easy access to the services of a bank. To tackle these issues the Red Cross implemented a two-year plan to furnish the ‘disaster-prone areas’ with smooth money management and financial freedom – all with the help of a smartphone. In the new plan, credits are automatically recorded on the ledger and people can spend the earned credits on daily commodities and services.
US National Goes To North Korea To Teach About Crypto
A group of United States prosecutors announced the arrest of Virgil Griffith, who allegedly traveled to the Democratic People’s Republic of Korea (DPRK) to deliver a presentation on how to use cryptocurrencies and blockchain technology to circumvent sanctions. The 36-year-old Griffith was arrested at the Los Angeles International Airport and will be charged with conspiring to violate the International Emergency Economic Powers Act (IEEPA).
IBM Files For Blockchain Patent To Protect Against Drone Package Theft
IBM has filed for a patent of a system that uses blockchain technology to prevent drone-enabled package theft. As per the filing published by the United States Patent and Trademark Office (USPTO) on Nov. 12, IBM will track drone altitude using an Internet of Things (IoT) altimeter, while continuously uploading that data to a blockchain secure platform.
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