Ethereum’s Constantinople Hard Fork to Activate on Testnet in October 1630

Ethereum’s upcoming hard fork, Constantinople, will activate in a testing environment next month, core developers agreed on Friday. Speaking in a bi-weekly video call, developers said the upgrade will activate around October 9 on a cross-client testnet, named Ropsten, which mimics the conditions of the ethereum network itself. However, due to the unpredictability of block confirmation times in the testing environment, an exact block number – the way most upgrades are timed within the blockchain space – for the testnet activation has yet to be finalized.

Similarly, the timing for activating Constantinople on ethereum’s mainnet, or live blockchain, has yet to be fixed. Speaking on the call, though, Ethereum Foundation communications officer Hudson Jameson tentatively suggested November or December for the upcoming code change.

Vitalik Buterin, ethereum’s creator, was also on the call, and noted that changes resulting from the approach of the difficulty bomb code should not be perceptible for several months, meaning there is little urgency to get the Constantinople upgrade out.

“It’s totally not urgent,” Buterin said, adding: “We could probably have three months of safety and likely even more.”

While the ethereum improvement proposals (EIPs) that are a part of the Constantinople upgrade have caused some debate – especially from miners who see their revenue decreasing with a pullback on the issuance of ether – overall the upgrade features minor technical changes.

Developers also discussed EIPs that may be included in a subsequent hard fork named Istanbul – currently planned for eight months after Constantinople executes.

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Narkasa, an Innovative, Safe and Fast Cryptocurrency Exchange Launches Operations 20318

Narkasa

The cryptocurrency industry is always evolving, leading to increased awareness and popularity of Bitcoin and other crypto-assets. Among the leading areas of innovation in this emerging ecosystem is the evolution and sophistication of new cryptocurrency exchanges. A lot of existing exchanges create own and limited value proposition to its users, for instance, offering trade tutorials, global reach and mass adoption of cryptocurrencies. Other platforms focus on improving security features and customer support. However, few crypto exchanges are focused on user-centric features such as building a user-friendly platform, trading support and legal compliance across jurisdictions. Narkasa is a recently launched cryptocurrency exchange prides itself as being the most user-centric platform in the market and goes on to offer more than one solution to its users.

Launched in June 2020, Narkasa cryptocurrency exchange is duly registered and located in Istanbul. Legal and regulatory compliance is a huge competitive advantage of the exchange in its bid to ensure customer’s funds and data remain safe. Therefore, the exchange operates in compliance with the European Union’s AML/CTF and KYC guidelines.

Buying and selling cryptocurrencies has just been simplified for both new and experienced users! Users can access Narkasa services through its website as well as via iOS and Android devices. Trading experience is enhanced via the use of an API supported algorithmic trading technology. As a market leader in user-experience in the cryptocurrency industry, a user has an opportunity to interact with the various user-interfaces available on the exchange via the website even without a prior sign-up requirement. Hence, allowing its customers to decide to opt-in or not.

Further, Narkasa goes past being a user-friendly platform which is significant to driving crypto mass adoption and positions itself for global expansion and support. The exchange plans to introduce crypto trading supported by 156 national currencies. Therefore, allowing investors and other crypto enthusiasts from all over the world to buy and sell cryptocurrencies of their choice supported by host country fiat money/currency. Already, few weeks after launch the exchange supports transactions in various fiat currencies namely Ruble (Russia), Real (Brazil), Pound (Turkey), Tenge (Kazakhstan) and Hryvnia (Ukraine). Customer support and interaction with the trading platform is also available in 12 national languages. Choosing local or host country currency is win to Narkasa users because it’s an opportunity to save on foreign exchange cost otherwise charged if one has to convert funds from leading fiat currencies to a local one. Additionally, as a user you get to view your balances easily and intuitively in your local currency.

Why Choose Narkasa Exchange?

  • Multi-Currency support (both fiat and cryptocurrencies
  • Low Trading Fees
  • Zero Commission on Purchases of Cryptocurrencies via the Platform
  • User-Friendly Platform
  • Global Access
  • Multinational Platform -Supports 12 Languages
  • 24/7 Live Customer Support
  • Powerful Trade Engine backed by Artificial Intelligence (AI)
  • Fast, Safe and Secure Transactions

Are you frustrated with the complex user-interfaces experienced with cryptocurrency exchanges, huge costs and lack of consistent customer support? Narkasa is the exchange to be. Traders are reaping huge returns via the exchange by leveraging on its cutting-edge technology. What’s more, the exchange is running an offer, 50 per cent discount on all transactions via the platform within its 90 days after the official launch.

First Scalable Enterprise Solutions Leveraging the Value of Public Blockchain 21892

In early 2019, the business standards company BSI partnered up exclusively with Trace Labs, the core developers of OriginTrail, to deliver blockchain-enabled solutions. With such solutions, the British Standards Institution (BSI) seeks to enhance its global assurance, certification, and supply chain services by ensuring the integrity of digital records. In collaboration with Trace Labs, BSI is now launching a series of blockchain-based solutions catering to both organizations and individuals aiming to build resilience in their supply chains, a need becoming even more apparent in light of the COVID-19 virus outbreak.

Solutions described in the recently released BSI white paper – titled “Instruments of Trust: BSI’s Blockchain-Based Solutions” – enable a secure and trusted way of verifying the authenticity of claimed personal credentials as well as company and product certifications. BSI has also introduced the SCAN Trusted Factory Blockchain Program designed for US importers to ensure the authenticity of a factory’s certification and factory credentials.

False assertions are prevalent in society leaving people uncertain of whom and what to trust. Counterfeit products and false claims are far too commonplace and perpetually flood the market. Examples include counterfeit drugs/fentanyl-laced prescriptions, false or misleading food labels, and the range of credentials provided to others as part of our daily lives – passports, qualifications and so on. Challenges remain within legacy trust systems, as businesses and consumers demand an immutable source of truth and verification.

“In today’s global, interconnected economy, there is a growing trust deficit felt by businesses and consumers,” said, Dan Purtell, BSI Group Innovation Director

To help combat false claims, BSI partnered with Trace Labs in early 2019 and has since used technology based on the OriginTrail Decentralized Network (ODN) in three pilot projects. This allowed BSI to provide a suite of solutions that serve as instruments of trust for its clients, enhancing the resilience of its brands. Using DLT technology as a single source of truth, they aim to provide clients with the ability to demonstrate to their customers the authenticity of their claims, be it certifications, product authenticity, or traceability. BSI and Trace Labs are continuing to develop new solutions beyond the three pilot projects.

New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments 58577

The draft law on the prevention of the legalization of proceeds from crime and the financing of terrorism and weapons of mass destruction proliferation was supported by a significant majority in the Rada. The bill was amended to incorporate “virtual assets” which have been described as property and as a digital expression of value that can be traded or transferred and used for payment or investment purposes.

Ukraine’s anti-money laundering (AML) legislation introduces the standards for virtual assets adopted this year by the Financial Action Task Force (FATF). The members of the inter-governmental organization recently agreed to monitor and assess the implementation of the crypto requirements in different countries, as news.Bitcoin.com reported in October.

The law also introduces the term “provider of services related to the transfer, exchange and storage of virtual assets,” the crypto information outlet Forklog reveals in an article. An interesting detail is that not only corporate entities but private individuals as well will be allowed to offer such services under the new regulations.

All crypto operations will be subject to different levels of financial monitoring depending on the amount and destination of each transaction. The Ministry of Digital Transformation, which has been quite active this year, will be tasked to regulate the circulation of virtual assets in Ukraine. It will also conduct oversight to verify compliance with AML regulations in the crypto sphere.

Altcoins: LTC, EOS, XLM, Atom and XTZ 52275

XTZ/USD

Tezos (XTZ) has been the best performer of the past seven days, rising about 43% during the period. It received a boost on the news of its listing on the crypto exchange OKEx.

Another positive news was that Coinbase introduced staking rewards for all Tezos holders, enabling them to earn about 5% annually. After the recent rally, is it a good time to book profits or can the move up extend further?

XTZ/USDT weekly chart. Source: Tradingview

The bulls have held the support at $0.829651 for the past few months. This indicates that buyers have been eyeing dips down to this support level to accumulate. The XTZ/USD pair has surged this week and has risen above both moving averages. It can now move up to $1.85. The pair has been pushed back down from this resistance on two previous occasions, hence, a breakout would be a significant event.

On a close above $1.85, a rally to $2.87 and above it to $3.37 is likely. Therefore, traders can buy on dips close to $1.1 levels. Our bullish view will be invalidated if the price turns down and slips below the recent low of $0.75.

ATOM/USD

Cosmos (ATOM) has been gradually moving higher for the past few days. It has risen by about 24% in the past seven days and is the second-best performer. Can it continue its up move or has it run its course? Let’s analyze its chart.

ATOM/USD weekly chart. Source: Tradingview

The ATOM/USD pair has found support close to $2 levels thrice in the past few months. This shows that bulls have been buying on dips to the support levels. With the rally this week, the price has scaled above the overhead resistance at $3.6043, thus completing a triple bottom formation.

It now has a minimum target objective of $5.2985. If the bulls push the price above this level, a rise to $7 is possible. Therefore, traders can buy on a close (UTC time) above $3.6043 and keep a stop loss of $2.90. Contrary to our assumption, if the price turns around from the current levels and plummets below $3.6043, it will suggest a lack of demand at higher levels.

XLM/USD

Stellar (XLM) surged on the news that the Stellar Development Foundation (SDF) had burned over 55 billion of the 85 billion tokens that were set aside for SDF operations, giveaway programs and partnership programs.

The foundation said that the burning was done because it wanted to be leaner and more efficient. After its 12% rally, can it rise further in the next few days or will the price dip due to profit booking? Let’s study the chart.

XLM/USDT weekly chart. Source: Tradingview

The XLM/USD pair is facing selling at the overhead resistance of $0.088708. With the rally this week, the price has risen above the previous low of $0.072545. This shows that the markets have rejected the lower levels. Both moving averages are flattening out and the RSI has risen to just below 50 levels, which shows that the sellers are losing their grip.

If the bulls can defend the support at $0.072545 during the next dip, it will be a positive sign. On the upside, the pair will pick up momentum on a breakout of $0.088708 and the 50-week SMA. Above the 50-day SMA, a rally to $0.145 will be on the cards.

Therefore, traders can initiate long positions on a close (UTC time) above the 50-week SMA and keep a stop loss of $0.067. Our bullish view will be negated if the price turns down from $0.088708 and sustains below $0.072545.

LTC/USD

Litecoin (LTC) has been attempting to form a bottom in the past few days. It extended its up move with an 8% rally in the past seven days. What are the critical levels to watch out for and when does it start a new uptrend?

LTC/USDT weekly chart. Source: Tradingview

The LTC/USD pair has broken out of the downtrend line and is attempting a recovery. If it sustains above $62.0764, it will suggest that the lower levels are attracting buyers. There is a minor resistance at the moving averages above which a move to $80.2731 will be on the cards. The flattening moving averages and the RSI moving up slowly suggests that the bulls are making a comeback.

Though positive, we do not find a reliable buy setup at the current levels, hence, we are not recommending to trade it. Our bullish view will be invalidated if the pair turns down and plunges below the recent lows of $47.1851.

EOS/USD

EOS rounded up the top five crypto performers of the past seven days with a rally of about 8%. There have been complaints of congestion in the network but it has not affected its price. Has it bottomed out? Let’s find out.

EOS/USD weekly chart. Source: Tradingview

The EOS/USD pair has risen close to the moving averages, which are likely to act as minor resistance. If the bulls can push the price above this resistance, a move to $4.8719 is likely. The flattening moving averages and RSI just below the center indicate that the selling pressure has reduced.

Contrary to our assumption, if the pair turns down from the moving averages and plummets below the recent lows of $2.4001, it can retest the yearly low. However, we give it a low probability of occurring. We do not find a trade setup that offers a good risk to reward ratio at the current levels, hence, we are not recommending taking a long position in it.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.

The market data is provided by the HitBTC exchange.

OKEx Announces Listing of Tezos (XTZ) 54325

OKEx, the world’s largest futures cryptocurrency exchange, today announced it will list Tezos (XTZ), an open-source platform for assets and applications backed by a global community of validators, researchers, and builders. According to Cryptocompare, Tezos is the 21st most popular cryptocurrency with a market cap of over $695 million USD and a 24-hour trade volume of over $206k USD.

The depositing of XTZ will be available from 09:00 November 6, 2019 (UTC). XTZ spot trading against USDT and BTC will open at 09:00 November 7, 2019 (UTC). XTZ withdrawal will open from 09:00 November 8, 2019 (UTC).

“Tezos is a highly respected project with a robust community, and we’re happy to be able to add the value of the XTZ network to the OKEx ecosystem, where we strive to deliver a one-stop-shop for professional and retail traders,” said Andy Cheung, Head of Operations of OKEx.

Created by former Morgan Stanley analyst Arthur Breitman and Kathleen Breitman, Tezos is a multi-purpose platform for decentralized applications and smart contracts. Stakeholders govern upgrades to the core protocol, including upgrades to the amendment process itself without having to fork the network into two different blockchains. The project aims to promote long-term upgradability and open participation to support mainstream adoption of blockchain technology.

“We are looking forward to a thriving relationship with OKEx, a global leader in the blockchain space, in furthering the Tezos ecosystem together in Asia and throughout the world,” said Corey Soreff, Board of Directors of Tezos Commons Foundation.

OKEx’s listing review process sets a high standard in many aspects, including important pillars ranging from project quality (i.e. (legal) qualifications, business model and structure, promotion etc.) to project community (i.e. ecosystem-wise capacity and promotion opportunity). By taking every possible measure, OKEx strives to ensure every listed project delivers practical use cases and brings in market liquidity.

The addition of Tezos accompanies the November launch of OKEx’s USDT Futures Trading, a linear futures contract. With USDT Futures, OKEx traders can long a position to profit from the increase of a cryptocurrency’s price, or short a position to profit from the decline of a cryptocurrency’s price. USDT pairs on OKEx include BTC, ETH, BCH, EOS, XRP, BSV, and TRX with a leverage level of 1-100x, both in fixed and cross-margin mode.

Former CFTC chair and ‘Crypto Dad’ says 2019 is the year to get serious about crypto policy 52674

Former CFTC Chairman Christopher “Crypto Dad” Giancarlo left his role at the regulator this summer, but now he’s stepping even further into the crypto world. Now as a board member for the Chamber of Digital Commerce, Giancarlo is using his expertise to further policy talks across the board, not just on a CFTC/SEC level. Giancarlo sat down with The Block to talk transitions in the regulatory space, as well as his own transition in the industry.

The Block: At the time of your departure from the CFTC how do you feel attitudes toward crypto have shifted from the time you took the position as chairman?

Giancarlo: I think quite dramatically, one of my perspectives on the CFTC at the time I took the helm, it was inordinately backward-looking, perhaps justifiably, but inordinately. So much of its energy and attention was on completing Dodd-Frank reforms to derivative markets. And in Dodd-Frank, there’s no mention about anything technological including crypto assets or blockchain, and the agency’s attention was primarily drawn to that. To its credit, the agency had developed an informal working group under Jeff Bandman that was looking at emerging crypto assets, primarily bitcoin. It was that effort that I accelerated with the formation of Lab CFTC.

The Block: How are you looking at the EOS and Sia settlements with the SEC? Can you provide any insight into what might have gone on there?

Giancarlo: One of the things I want to avoid doing is commenting on activities by the agency. I’m not the type, and don’t want to be seen as the type of former chairman who is looking over the shoulder of the incoming team and commenting on them. What I would say is that it generally shows a continuing focus and attention in this space by the agencies.

The Block: How have you seen the attitudes of regulatory bodies shift in recent years? What is the current attitude characterized by?

Giancarlo: 2017 I think was the year that regulators really woke up to the accelerating pace of crypto assets because of the bitcoin bubble. I would say 2019 is the year in which there’s a growing recognition that regulators and policy makers need to do more than just be aware of these, but may actually need to look at some policy responses. And I think the thing driving that in 2019 is a combination of Libra and the prospects for central bank digital currencies.

The Block: Looking at recent developments, we saw Regulation A+ emerge as a possibly compliant way forward for some companies. What is your take on that innovation, and what other innovations can we perhaps expect to see?

Giancarlo: I think that it shows that the SEC under Jay Clayton is moving beyond just getting smarter and more aware, but actually thinking about some of the policy responses.

The Block: I understand you’ve said you’re not interested in looking over new leadership’s shoulder, but members of the SEC have said they feel federal securities laws adequately tackle digital assets because they are technology agnostic. Do you see the legislation as operating fully for the digital assets space?

Giancarlo: I would go further afield than just SEC/CFTC specific. I do think the time has come for thoughtful consideration of a digital dollar. I think that the dollar’s status as the world’s primary reserve currency should be enhanced with a digital component and done in a way that doesn’t have to disintermediate the traditional banking system but can be done so traditional finance financial intermediaries can play a role in a digital component to the dollar. I don’t see the Federal Reserve becoming a deposit-taking institution, but where banks would continue to do that, but would use a uniform set of technology protocols in order to provide access to a digital dollar format.

The Block: Looking into some of your ventures now, I understand you’ve joined the Chamber of Digital Commerce.

Giancarlo: Yes. I’ve been very impressed with their work over the past several years in serving as a sort of a go-between. There’s this FinTech phase of innovation and policymakers helping to both translate the technology into concepts and things that policymakers can understand and interact with and giving policy makers a similar ability to interact with the innovators. And so I think with the chamber, almost uniquely, I think provides a very good interface between the world of Washington and the world of financial innovation.

The Block: I remember I read somewhere when you joined that you were looking to streamline and modernize the regulatory landscape. Which areas are you specifically immediately looking to streamline and modernize in your role on the board?

Giancarlo: As a former chairman, I will leave the new leadership to focus on CFTC-related matters, and I have every confidence in the leadership of the SEC to do that. But there’s a need for policy makers and innovators to come together to lay down a policy framework upon which these innovations can move forward with greater regulatory and legal certainty. A good example, although not a perfect analogy, is the period during the Clinton Administration when a Republican Congress and the Democratic administration came together to develop the foundation for the first phase of the internet revolution, the digitalization of information.

It’s a do-no-harm approach that allowed for very rapid innovation and global leadership. The reason why it’s not a perfect precedent is because digitization of information is a process that certainly falls into a regulatory light zone because of the First Amendment restrictions on regulation of speech. When it comes to financial areas, that’s always been a regulatory heavy zone. Some of the same precedents don’t apply, but what I think should apply is that same commonality of purpose between policy makers and innovators to want to create a regulatory and policy foundation upon which innovation can proceed in a way that is, intelligent, that’s thoughtful, aware of policy concerns, whether it be about privacy, whether it be about appropriate anonymity, whether it’d be about regulatory transparency,or for oversight where we can make sure that the right policy imperatives are brought to bear and yet a framework that can bring certainty to innovators so that they can move forward with innovation, and knowing the consequences of decisions they make.

So what I hope to do in my post-CFTC life is be an advocate for sound policy development. Not CFTC or SEC specific, but across the board where I can use skills I have as a communicator and an advocate for innovation in a well-regulated environment, and with relationships I build, hopefully help communicate that message for the need for sound policy here in the U.S. So that once again the U.S. can emerge as a leader in this new phase of the digitization of our modern world, digitization of finance in this case.

The Block: You’ve been affectionately dubbed “Crypto Dad” by the industry. How do you feel that title came about and where did this generosity towards digital assets stem from, especially in a regulatory environment some consider hostile towards the digital asset world?

Giancarlo: So the title came about out of that February, 2018 hearing that chair Clayton and I did before the Senate Banking Committee. We had been asked to testify on Bitcoin and crypto assets. We’d prepared a lengthy written testimony to Congress, and the night before, I was preparing my oral remarks and I looked at this 60-plus page, 100-footnote document and said, you know, I cannot summarize that in five minutes. I went in the next morning and when I was asked to speak in my opening address, I actually put the paper down and said, look, you’ve got my written submission. What I want to do is speak to you for a moment not as a chairman of a regulatory agency, but as a father, as a dad. I explained that I had just come back from our annual family ski trip with my children and my nieces and nephews and at the dinner table every night all they wanted to talk about was Bitcoin.

My children grew up in a financial family. I’ve worked on Wall Street for my career and I’ve tried to interest my kids in the stock market since they were young, and they had no interest in it and suddenly they’re very, very interested in Bitcoin. And some of my nieces, in fact, one of my nieces was a bitcoin holder. I said to Congress, I noticed some of your heads are nodding, some of you probably have the same conversations. I said, it strikes me that we owe it to this generation to treat their interest in this new asset class not with derision and disdain, but with respect. If nothing else, we owe it to them to get the policy right so that they’re not prey to fraud and misappropriation, but more that they can build a framework upon which they can build this new structure.

And it was from that my Twitter account exploded and I was dubbed Crypto Dad. It’s something that was unexpected, delightful at the same time, but more importantly, I think it showed that I stumbled onto something. We have a generation that came of age in a financial crisis when all of the traditional institutions that were supposed to provide stability and certainty seem to have fumbled, and in some cases failed. I think there is a generational interest here that is not going away, is not worthy of being dismissed, but should be taken seriously. I take it seriously, and I must say that, in the early days of the internet, and I’m old enough to have been around them, the same people dismissing crypto assets now were dismissing the internet as good-for-nothing other than access to pornography. It was dismissed as a fad that would fade. Well in fact you can’t even hail a taxi today without using an internet app. Our whole world has been dramatically changed in many cases for the better by the internet. What I called it, the digitalization of information, well now we’re on the digitalization of assets, the digital tokenization of a value, and it’s as fundamental a change as the early internet was.

I think for the adults in the room the choice is to put down solid policy frameworks upon which this new phase of digitalization can be built or to do nothing and see jurisdictions that put down solid policy foundations become the leaders in innovation. I don’t want to see the U.S. left behind. I want to see the U.S. do what it’s traditionally done in the face of technological revolution. And that is take a leadership role. I think that’s achievable if we put down the right policy prescriptions, and that’s why I’m pleased to join the Chamber of Digital Commerce, because it advocates for solid policy foundations and does a great job of putting the right experts forward and engaging the right communications with policy makers to maximize the opportunities. So if Crypto Dad can answer that effort, then I’m delighted to do so.

Source: Theblockcrypto.com