Industry News

Bitcoin SV Unwanted Block Load, Restructuring is planned!

Bitcoin SV Deki İstenmeyen Blok Yükü, Yeniden Yapılandırılması Planlanıyor!

Bitcoin announced that the Satoshi Vision (BSV) blockchain was struggling with a big block of tweets by the BitMEX crypto money exchange on April 19.

On 18th April 2019, our Bitcoin Cash SV node experienced 2 block re-organisations. First a 3 block re-organization, followed by a 6 block re-organization.

The graphic below illustrates the events. It contains block heights, block hashes, and block sizes. pic.twitter.com/0tkduvaaw to

- BitMEX Research (@BitMEXResearch) April 19, 2019

Then BitMEX announced that the Yeniden The phase of rebuilding 2 blocks “ reveals First, 3 blocks were rebuilt, then 6 blocks were re-created from the BSV Team. BitMEX gave a diagram in the article:

Bitcoin SV blok düzenlemesi. Kaynak: BitMEX

Bitcoin SV block arrangement. Source: BitMEX

Reorganizing the Blockchain, two miners blockchain in a situation where he simultaneously discovered a block which caused the bifurcation; The chain of miners realized this when they were able to get the prize after 2 blocks of work. Block causing the fork "no longer" and the block from the fork changes with more blocks. Block rearrangement occurs when the network blocks are too slow to produce efficiently.

News and Tweets on Bitcoin SV

In the comments of Tweet BitMEX announced that two separate competing chains were identified, a division occurred in 578,639 block. Bitmex's knot jumped to the right until the 578,642 block followed by the left chain. In about an hour, the chain returned to the left as reported.

Ana When asked what this could mean, BitMEX outlined several types, saying that the Bitcoin Cash SV network is not reliable for payments, the block size limit is too high, and the network latency is too high. “

Big cryptocurrency Binance, as of April 22 for all transactions in the BSV to stop trading will stop and said. Binance said that after an in-depth review, it would only take one coin and that it would be best for all users.

A few days later, Kraken, a crypto money exchange based in the United States, decided to silence BSV. In an official press release, Kraken, BSV Top that the Kraken and the wider crypto community have all acted antithetically to everything they represent “ told.

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Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph

Blockchain News

Visa Launches Global Cross-Border Payment Network for Some Aspects of Blockchain

Visa, Blockchain'in Bazı Yönlerine Yönelik Global Sınır Ötesi Ağı Başlattı

Visa, the US payment giant, has launched a cross-border payment network derived from some aspects of Blockchain technology.

“Visa B2B Connect” The network is designed to facilitate international exchanges by global financial institutions, enabling direct interbank payments between businesses.

Visa's Global Cross-Border Payment Network

According to the report, the network already includes 30 trade channels worldwide to enable faster and cheaper cross-border payments and is expected to expand to 90 markets by the end of 2019.

Visa B2B Connect includes elements of the open source distributed accounting technology (DLT) Hyperledger, which was developed in part by a group led by the Linux Foundation. blockchain technology.

Kevin Phalen, managing director of Visa Business Solutions, reported in particular that some aspects of blockchain technology are used because of the ability to transfer more data on a payment than any existing payment system.

The network is a collaboration with e-payment operator Bottomline Technologies and fintech, FIS, as well as collaboration with the world-class IBM. It was reported that Visa initially worked with a cryptographic notebook systems manufacturer to improve the product.

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Source: Cointelegraph