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Hard Forks, Soft Forks, Defaults and Coercion

One of the important arguments in the blockchain space is that of whether hard forks or soft forks are the preferred protocol upgrade mechanism. The basic difference between the two is that soft forks change the rules of a protocol by strictly reducing the set of transactions that is valid, so nodes following the old rules will still get on the new chain (provided that the majority of miners/validators implements the fork), whereas hard forks allow previously invalid transactions and blocks to become valid, so clients must upgrade their clients

Advancing Financial Inclusion AUC Coins Set to Revolutionize Retail Payments in South Africa

AUC Coins to be Added as a Payment Method for Retail in South Africa Key Highlights: Advanced Project's TIER platform enables direct AUC Coin payments at South African retailers. TIER facilitates payments for goods, services, and even municipal bills, creating a holistic ecosystem for AUC Coin usage. Africa leads the way and Advanced Project's success in South Africa serves as a beacon for wider digital asset adoption across the continent. Cape Town, South Africa – January 2024 – Advanced Project, a leading force in African blockchain innovation, is taking a

Zero-G Racetrack Rides into New Territory with Electro-Western Anthem “Never Ride Alone”

[Silicon Valley, October 6, 2023] - Zero-G Racetrack, Silicon Valley’s up and coming Electronic Rock artists, are back with their latest single, "Never Ride Alone”, seamlessly combining the storytelling of classic country western legends with the retro-future allure of Electronic Rock. Zero-G Racetrack has been gaining recognition for their unique approach of using various genre callbacks within the context of electronic dance music. With “Never Ride Alone”, Zero-G Racetrack tips their hat to the compelling Western tales spun by legends like Johnny Cash and Waylon Jennings, setting out to bring

Prontoblock and Mercantile Bank International Partner to Modernize the $1.25 Trillion Commercial Paper Market Through Tokenization

New York, August 10, 2023 – Prontoblock, a leading digital asset fintech company, is pleased to announce its strategic partnership with Mercantile Bank International (MBI). This partnership aims to revolutionize the commercial paper market through the tokenization of these financial instruments. This partnership will empower MBI clientele to engage in the purchase and issuance of tokenized commercial paper using Prontoblock’s cutting-edge digital assets platform. Prontoblock will collaborate closely with issuers to identify the most suitable commercial paper instruments for tokenization. The outstanding value of U.S. commercial paper exceeded $1.25 trillion

Japan Industry Partners Launch Trials to Strengthen Cybersecurity Against Threats in the Telecoms Industry

TOKYO, Aug 1, 2023 - (JCN Newswire) - Japan KDDI Corporation, KDDI Research, Inc., Fujitsu Limited, NEC Corporation, and Mitsubishi Research Institute, Inc. (MRI), today announced that they will embark on a series of trials exploring the introduction of Software Bill of Materials (SBOM)(1), a list of programs that comprise software, into the communications field including 5G and LTE network equipment with the aim of strengthening cybersecurity, on August 1, 2023. The five companies plan to establish a framework to manage this project and start a survey to address different

The GBA Recognizes Blockchain Trailblazers

Washington, DC, June 4 2023 – The Government Blockchain Association (GBA) honored exceptional individuals and organizations for their groundbreaking use of blockchain technology in solving public sector challenges. The Annual Achievement Awards, presented on May 24, 2023, in Washington, DC, celebrated this year's outstanding winners. Rosemarie McClean, Chief Executive Officer, and Dino Cataldo Dell’Accio, Chief Information Officer received the award on behalf of the United Nations Joint Staff Pension Fund (UNJSPF), the Organization Award for a digital identity solution that enabled over 23,000 retirees across 180 countries, to provide their

India Considers Allowing Only Preapproved Cryptocurrencies — Crypto Regulation Expected by Year-End: Report

India is reportedly considering allowing only preapproved cryptocurrencies to be listed and traded on exchanges. In addition, the government aims to both introduce and pass a cryptocurrency law by year-end. Indian Crypto Regulation and Preapproved Cryptocurrencies India is considering allowing only cryptocurrencies that have been “preapproved by the government” to be listed and traded on exchanges, Reuters reported Thursday, citing two sources familiar with the discussions. The approval process is intentionally cumbersome to deter investors from holding cryptocurrencies, the sources said, adding that the government is unlikely to go through

IRS Seized $3.5 Billion in Crypto This Year, Expects Further Billions

The United States Internal Revenue Service (IRS) seized cryptocurrency worth $3.5 billion during the fiscal year of 2021.Sponsored Sponsored According to the latest IRS criminal investigation report, this figure represents 93% of assets seized by tax enforcement over the past year. The tax collection agency believes that it could seize further billions in crypto from tax fraud and other crimes over the coming year.Sponsored Sponsored “I expect a trend of crypto seizures to continue as we move forward into fiscal year ‘22,” said IRS Criminal Investigation Chief Jim Lee. “We’re

Bitrefill Lets El Salvadorans Pay All Accounts with BITCOIN

Bitrefill is a well-known business among the Bitcoiners allowing them access to over four thousand gift cards by paying through BTC. Earlier this year, they partnered with Salvadoran startup Hugo App to enable Bitcoin exchange for Hugo’s wide range of goods and services. The ability to pay with bitcoin is on the rise as Bitrefill announced a new service that allows Salvadorans to pay their bills in BTC.  Bitcoin became proper legal tender in El Salvador starting this year on September 7, persuading all companies to accept BTC as a form