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New Cardano Vasil hard fork date announced

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cardano after vasil hard fork

Cardano Vasil hard fork date is September, but there is still no exact date. Cardano founder Charles Hoskinson said this during a live broadcast. He noted that developers are not yet close to completing testing. According to him, there are still problems that need to be solved.

Cardano after Vasil hard fork

That said, Hoskinson clarified that the exact date of the fork depends on the largest cryptocurrency exchanges regarding trading volume. He added that at least three major cryptocurrency exchanges need support to be fully ready:

“The next important step is to get the crypto exchanges up and running. Binance reports that they are currently updating volumes.”

According to Hoskinson, once the major exchanges come out in support of Vasil’s update, the rest of the smaller trading floors will step up as well. Otherwise, as Hoskinson admits, it’s very difficult to garner support from the cryptocurrency business. At the same time, he did not specify what and how many major exchanges were ready to support the update.

Recall that the Vasil update has been postponed since June of this year. At the end of July, the founder of Crypto Capital Venture Dan Gambardello, said that Cardano developers needed a couple more weeks for testing. That said, Gambardello assured that postponing the update was “commonplace when it comes to building robust and secure systems.” He also urged the community not to complain about constant hardfork postponements. 

Vasil is the most important hardfork for Cardano since the launch of Alonzo last September. The upgrade will change the way Plutus programming language-based scripts work within the Cardano blockchain. It is expected to increase the scalability of the network and help reduce commission costs.

Earlier we reported that Europe’s largest data center is banning blockchain nodes from being hosted on its servers.

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China has uncovered a money laundering scheme involving the digital yuan. How does money laundering work? 

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how does money laundering work

Chinese authorities have uncovered a 200 million yuan (~$28 million) money-laundering scheme where criminals used the digital yuan. Local newspaper Renmin Jibao writes about it. How does money laundering work?

It is reported that the criminals were detained in Fujian province. According to law enforcement authorities, the criminal group, led by Lai Moumou and Zheng Moumou, provided illegal services for the settlement of money to support gambling businesses. It is also noted that the group formed entire cells throughout China and worked on money laundering.

This is the second reported case of the digital yuan appearing in illegal activities. Earlier, the editorial board wrote that the People’s Bank of China decided to amend the digital yuan model after authorities uncovered an eleven-person criminal cell that used the digital state currency to launder money.

According to local media reports, the scammers used phishing to obtain the digital state currency, which they later ran through banks and payment systems. The amount of the fraud was not disclosed. However, it remains unclear whether the incident was the reason for the digital currency changes.

Work on the Central Bank Digital Currency (CBDC) or DCEP, as representatives of the financial regulator themselves call the project, has been underway since 2014. In this case, the head of the Chinese Central Bank Yi Gang, noted that the financial institution has no clear timetable for the launch of the digital yuan. The banker drew attention to the fact that information about the pilot release of the digital asset and related initiatives should not be equated with the official release of the virtual yuan.

We previously reported that the creator of Fortnite has invested in a metaverse company.

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FBI tracked Colonial Pipeline hackers through Chainalysis

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Colonial Pipeline hackers apologize

Recently, Colonial Pipeline has been hacked again. But the Federal Bureau of Investigation (FBI) could identify Colonial Pipeline hackers through analytics firm Chainalysis. It is reported by Bloomberg, citing representatives of the firm.

It is not clear how exactly the FBI could identify the attackers. It is alleged that Chainalysis collects a large amount of data from the blockchain and also relies on off-network information received from customers. The analytics firm uses machine learning and statistical analysis to figure out where and to whom cryptocurrency might be sent.

In May 2021, a group of hackers called DarkSide hacked and shut down the Colonial Pipeline, one of the largest oil pipelines in the United States, causing a fuel shortage on the East Coast. As a ransom, the hackers demanded that 75 BTC be transferred to an anonymous wallet. Colonial Pipeline hackers then apologized.

Earlier in September, analysts at Group-IB found that the number of cryptocurrency-related fraud sites rose to 2,000 in the first half of 2022, a 335% increase over the entire 2021. At the same time, just over 60% of all fraudulent crypto-sites are registered through Russian providers.

Earlier we reported that Cardano Vasil should be fully completed to activate all features.

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Is Kraken a good crypto exchange? Kraken has no plans to change its listing due to SEC complaints

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cryptocurrency exchange kraken ceo

Cryptocurrency exchange Kraken is not going to remove from its listing tokens that the U.S. Securities and Exchange Commission (SEC) compares to securities. Cryptocurrency exchange Kraken CEO Dave Ripley told Reuters.

Is Kraken a good crypto exchange?

Recall, earlier media revealed that the U.S. exchange regulator has organized an investigation into the actions of cryptocurrency exchange Coinbase to list tokens. The reason for launching the investigation was the SEC’s suspicions that Coinbase opened American users’ access to transactions with cryptocurrencies, which can be classified as securities.

However, despite the investigation, the exchange regulator did not sue Coinbase, which has already surprised Ripple, which has long been in litigation with the SEC over the altcoin XRP.

The SEC sued Ripple back in late 2020. The regulator argues that XRP falls under the definition of securities, but the California-based startup disagrees. While the verdict on the lawsuit between the SEC and Ripple probably won’t appear until late 2022, Coinbase was one of the first cryptocurrency exchanges to remove XRP from its listing.

We previously reported on researchers finding vulnerabilities in cryptocurrency exchanges.

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