Category: Ethereum News

Tezos Foundation has announced that it will be implementing KYC/AML checks for all of its investors. They have asked the users to visit verification.tezos.com and enter KYC information. A year ago when they did an ICO literally no one was doing KYC checks, the landscape changed a lot in recent months. If you’ve been following ICOs you know that any ICO working with MME Switzerland requires full KYC and they formed the Tezos Foundation. The KYC check now might seem odd since it’s a year after the ICO, the fact is that most other ICOs were just handing out ERC20 tokens so they didn’t need to build a working project yet before they could do the distribution. That’s what makes this situation different.

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One of the best things about decentralized blockchains like bitcoin, ethereum and ethereum classic is that anyone can perform a hard fork and make a new coin. Ethereum Emerald is going to do a hard fork on 13^th of July 2018.

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Shipchain, a token that runs on Ethereum blockchain has received cease and desist order. Shipchain’s token, SHIP providing an interesting study here for what happens if an ICO neglects what is generally ‘recommended’ nowadays for token sales which is no sales to US citizens, especially un-accredited, whether wrong or right. This has already led to 40 percent dump today.

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Bithumb, one of the biggest exchanges from South Korea has listed four new coins/tokens on their website. This includes TenX(PAY), WAX(WAX), Power Ledger(POWR), Loopring(LRC) and Gifto(GTO). Here is the link to the official tweet by BithumbOfficial. Bithumb is a huge market for all of these tokens/coins.

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Retail investors can now buy the Ethereum Classic Investment Trust which means Ethereum Classic (ETC) can now be bought as an ETN (ticker ETCG), similar to way you can buy bitcoin thru GBTC. It looks like premium is 30-40% over current price of Ethereum Classic. This and GBTC are the only two publicly traded vehicles in cryptocurrency like this. Year from now who knows, how many cryptocurrencies will be available on OTC marketplace (OTCQX).

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Ethereum Classic is going to hard fork, again. However, this time, there will be no airdrops and so no free coins. This update is going to deal with the difficulty bomb that is set to make the ethereum classic mining non profitable. Removing the difficulty bomb will ensure that ETC is still profitable to mine. This will help keep the network strong as well.

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Rumors are brewing again about the Tron and Alibaba partnership. While there’s nothing official from either sides, the link between tron and Alibaba keeps getting strong every day. The main reason why the rumors have started again is the fact that Jack May, chairman of Alibaba has tendency to invest in projects founded by his former students.

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The first ever Tron’s (TRX) Super Representative Election will be happening on June 26^th 2018 and in this, 27 super representatives will be elected by the ~65.748 billion Tron community. On 21^st of June 2018, Tron will no longer be an ERC20 token that runs on Etheruem blockchain. It will have its own blockchain. All this will be happening in month of June so June will be a crucial month for Tron.

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Couple of DNS servers were hijacked to resolve http://myetherwallet.com users to be redirected to a phishing site. This is not on myetherwallet side. The redirecting of DNS servers was done and it can happen to any organization including big banks. Hackers often find vulnerabilities in public DNS servers. This happened to mainly those who were mainly using Google DNS servers. If you were using non-Google DNS servers, you are safe.

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Tron aka TRX will be moving to mainnet. In this process, your Tron’s TRX tokens will be moved to Tron’s new mainnet. This swap will happen in month of June. For this, you will have to move your TRX ERC20 tokens to an exchange for migration. But what if you are not able to move them on time?

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