Microsoft Makes It Possible to Get Ethereum Without Mining

microsoft launches blockchain

As we reported earlier, Microsoft has recently been cooperating with Starbucks to implement cryptocurrency as a means of payment. Meanwhile, this is not the only upgrade of the software giant. Microsoft has also been exploring the possibilities of blockchain and came up with its own version of Ethereum blockchain, known under the name of Azure Blockchain.

The main two protocols that the blockchain will focus on are:

  • PoW (proof-of-work)
  • PoA (proof-of-authority)

They will eliminate the need to mine Ethereum coins.

The official report states that the new Microsoft blockchain will be highly beneficial for multiple businesses and projects in various spheres, from insurance to supply chains:

Rather than spending hours building out and configuring the infrastructure, we have automated these time-consuming pieces to allow you to focus on building out your scenarios and applications.

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The SEC Creates a Special Department to Keep an Eye Open for ICOs

The US Securities and Exchange Commission came out with a press release announcing the opening of the FinHub, a brand-new subdivision of the agency.

The main tasks of the Hub will be:

  • giving a chance to the general public to communicate with the SEC regarding fintech questions;
  • spreading information related to fintech;
  • announcing all the major events in the sphere of fintech
  • publishing all new fintech regulations and decisions of the SEC
  • serving as a linking point of various internal and external financial regulators;
  • etc

As said by the head of the newly emerged department:

By launching FinHub, we hope to provide a clear path for entrepreneurs, developers, and their advisers to engage with SEC staff, seek input, and test ideas.”

Since ICO is a major fintech activity, it will also be under the strict control of FinHub.

We remind you:

SEC’s ETF Decisions Will Come Out In October

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A New York Resident Carried Out a $2.5 Million Bitcoin Scam

A man named Nicholas Gelfman was accused of violation of multiple financial regulations. Now the man has to pay a fine in the amount of 2.5 million dollars in order to cover up all the losses caused by him.

Gelfman was running a company Gelfman Blueprint, Inc. (GBI) which offered its investors quick, safe and profitable crypto trading services.

Obviously, the whole thing turned out to be a huge scam. The victims ended up paying big amount of money in commission fees and getting no profit from trading whatsoever.

The case is currently under the US Commodity Futures Trading Commission’s investigation.

We remind you:

The Loudest and Boldest Crypto Crimes of All Times

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John McAfee Will Shine the Light on Crypto

A crypto personality John McAfee took quite a serious position regarding his presidential campaign in 2020. He shared a couple of interesting details with his future electors

McAfee claimed that the main focus of his campaign is going to be blockchain, its implementation in various sphrese and raising awareness about this technology as well as cryptocurrencies among the people.

If we accept the Blockchain as our guiding light, our hearts and our minds can be free,” he added in a rather poetic way.

We remind you that McAfee does not actually want to become the President of the US, he just wants to run for the post. Here is why:

Why Is John McAfee Not Planning to Be the President?

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Monero Forked Successfully: Details of Upgrading

Hardly had the vulnerability been detected, when Monero forked victoriously. This happened yesterday, on October 18, without any big problem in the network at all. “Monero 0.13.0 “Beryllium Bullet” is the name of the release, which implemented bulletproofs inside the network’s protocol.

https://twitter.com/monero/status/1052939409392365568

The main advantage of bulletproofs is that users obtain more privacy hiding the amount of assets they send in transactions. But how to verify them? A special logarithmic math was implemented. Though, this feature is only available for huge-cap networks.

In addition, the protocol brought cheaper fees and faster transactions. To sum up, this upgrade enables Monero to remain best privacy coin.

We remind you

Binance Has Had a Number of Major Upgrades

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A Man in Norway Was Killed after Selling Bitcoins

As reported by the Norwegian news outlet, a 24-year-old man was slaughtered to death after he sold Bitcoins for a big amount of money in person.

Supposedly, the victim met with the buyer and then brought the received money back to his apartment in Oslo. A few hours later, his body was discovered by one of his roommates.

The law-enforcement agencies are currently investigating the case. The police officer in charge of investigation claimed:

We know about possible connection with Bitcoin, but we cannot yet provide any information of the case.

Unfortunately, the number of Bitcoin-related crimes is growing. We remind you:

A Jealous Woman from the USA Wanted to Kill Her Rival, Having Paid in BTC for It

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TRON Is Partnering Up with Baidu: What Is the True Purpose of This Collaboration?

A decentralized blockchain platform TRON, which is one of the main competitors of Ethereum, announced its partnership with the Chinese web services giant Baidu.

Although, the TRON team assures the aim of this partnership is spreading blockchain solution among the crypto community, there has been a lot of speculation regarding this issue.

Many people believe that TRON is currently working on the launch of its own platform for video content, as an alternative to YouTube. Such assumptions were caused by the comments from TRON developers regarding the recent access issues on YouTube. They claimed that this would not have happened on TRON.

We remind you:

Justin Sun Offers the Venezuelan President to Connect Petro to Tron instead of Ethereum

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