by Florin Oprea
Stan Higgins – CoinDesk
A trio of lawmakers – Senator Orrin Hatch, Representative Kevin Brady and Representative Vern Buchanan – requested information about the IRS’s overall strategy toward digital currencies in a letter dated 17th May. Those answers are due by 7th June, or next Wednesday.
Samburaj Das – Crypto Coins News
BTCChina has stated that it has begun “testing” bitcoins this week. In joining OKCoin, that’s two of the ‘big three’ Chinese exchanges resuming withdrawals following regulatory scrutiny by the People’s Bank of China (PBOC).
FAO: What about Huobi crypto exchange?
CryptoPing is working on a solution to help both new and experienced traders making well-weighted trading decisions. The time couldn’t be any better to introduce the tool, given the substantial increase of altcoins’ market cap.
FAO: Sounds useful.
Antony Peyton – Banking Technology
Nomura, Daiwa Securities Group, Mizuho, Sumitomo Mitsui Banking Corporation and R3 have tested a prototype developed using Corda, R3’s distributed ledger technology (DLT) platform based on blockchain, to streamline ISDA Master Agreement negotiations.
FAO: R3 pushing forward in Japan.
Chris Strode – Business Insider
Blockchain is still in its infancy (think internet circa 1995) and there’s work to be done in creating the infrastructure for it to underpin something as complex as the global financial system.
Joon Ian Wong – Quartz
Microsoft’s involvement in the Decentralized Identity Foundation gives hope that the project’s quixotic goal may one day be realized. Microsoft is on the back foot when it comes to internet identities today, crowded out by widespread use of Gmail accounts or Facebook logins among consumers.
FAO: Decentralized Identity Foundation is building an open source decentralized identity ecosystem.
Arjun Kharpal & Geoff Cutmore – CNBC
In an interview with CNBC, Elvira Nabiullina, governor of the Russian Central Bank, explained that she views bitcoin as a digital asset rather than a currency, and this is the way it should be thought about with regards to regulation.
FAO: More comment following Russia’s latest crypto moves. Yesterday we reported about the Central Bank trying to write a Bitcoin law.
At the start of April, the UK’s Financial Conduct Authority (FCA) announced it is looking for feedback by 17 July 2017 on the potential for future development of distributed ledger technology (DLT)/blockchain in the markets it regulates.
Alyssa Hertig – CoinDesk
Although there have been past efforts aimed at putting an end to bitcoin’s two-year scaling debate, the new ‘agreement‘ has perhaps earned unprecedented support from companies and mining pool operators, with over 50 bitcoin companies and firms representing more than 80% of bitcoin’s mining power signing the proposal.
The goal, according to the announcement blog post released last week, is to move forward with two changes: an optimization called Segregated Witness and a 2MB block size increase. Although, the latter is arguably the main point of contention, since it could potentially lead to the creation of two bitcoin networks if not all users agree with the change.
Alyssa Hertig – CoinDesk
Days after a widely-supported but contentious proposal for increasing bitcoin’s transaction capacity was unveiled, technical details about the plan are coming to light.
It might not be particularly surprising if you’re very familiar with bitcoin’s long-standing block-size debate, but the tentative code for what’s now known as ‘Segwitx2’ hasn’t been especially well-received by the project’s open-source developer community.
Pete Harris – Distributed
Part one of this article looked at blockchain pilot deployment challenges and suggested that having DevOps skills on the implementation team could help. This article aims to highlight complex data integration issues as another aspect of roll out that will be critical in moving blockchains from proofs-of-concept (POCs) to pilots.
H. Madore – Crypto Coins News
Josh Garza, former CEO of miner turned scam company GAW Miners, who recently plead guilty to massive fraud. Now, the SEC says they are not done with him and want his former company to pay $12 million in reimbursements and civil penalties.
FAO: Florin Adrian Oprea, Editor-in-chief, Blockchain Daily News