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FSC Regulatory Overhaul Expected to Shut Down 40 Crypto Exchanges in South Korea – Bitcoin News

A new regulatory overhaul could put 40 out of 60 exchanges out of business in South Korea after the firms are expected to fail to meet the conditions that are being proposed by the Financial Services Commission (FSC). This action might also affect holders of locally used “kimchi” coins, that

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IOTA Price Hits 3-Year High as Focus Shifts on IoT Protocol Overhaul

IOTA rallied Tuesday, hitting its highest levels in more than three years, on hopes that the upcoming makeover of its Internet-of-Things protocol would make it more appealing to investors and traders alike. The IOTA Foundation Co-founder and CEO Dominik Schiener spilled details about their major upgrade—scheduled for an April 2021 release—in an

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Ethereum 2.0 Beacon Chain Goes Live as ‘World Computer’ Begins Long-Awaited Overhaul

The first stage of the next-generation proof-of-stake (PoS) Ethereum 2.0 is now live as of 12:00 UTC Tuesday, according to Beaconcha.in.A generalized blockchain for decentralizing computer-based applications – from iPhone games to government bonds – Eth 2.0 has been under construction since the genesis of the current proof-of-work (PoW) network

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Central Bank Digital Currency Touted as Solution to US Economic Overhaul

Talk of a US central bank digital currency (CBDC) dominated proceedings, as the US Senate Committee on Banking, Housing, and Urban Affairs conducted a virtual meeting yesterday.The near two-hour-long hearing titled “The Digitization of Money and Payments” discussed competing with China’s CBDC offering, financial inclusion, and modernizing the current US

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Lightning Network Overhaul Could Strengthen Bitcoin Privacy – But Many ‘Ifs’ Remain

[sociallocker id="55298"] Research is being conducted. Experiments are brewing. Behind the scenes, Lightning Network developers are planning to (eventually) completely rewrite an important part of bitcoin. Known as Bitcoin’s second layer, since most of the action takes place off the blockchain, Lightning is being built out for faster, cheaper and more

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