Copyright © 2017-2018 LHCrypto
All rights reserved.

Crypto News

Interview of the head of the SEC, a patent from Intel, Ethereum prepares 1x

12/03/2018
|
  • SEC_cryptocurrencies
News list

The head of SEC told about cryptocurrencies and Bitcoin-ETF, Intel patents the technology of economical mining. The Ethereum team begins work on updating 1x.

Head of US Securities and Exchange Commission spoke about cryptocurrency

The head of the American regulator Jay Clayton explained his position on cryptocurrency. He stated that they could not be attributed to the class of securities. The official’s words that Bitcoin could be a substitute for fiat money turned out to be a real sensation.

In addition, he explained his position on Bitcoin-ETF. Since his department has not previously encountered anything similar, now the SEC is trying to study this issue in depth. The department is alarmed by the increased volatility of the cryptocurrency, and seeks to protect investors' rights to the maximum. Fundamentally important is the issue of asset pricing. The degree of approval of contracts on Bitcoin-ETF depends on his decision.

What else say head of SEC about crypto industry

Head of US Securities spoke about cryptocurrency

New patent from Intel

Intel company has received a patent for a processor for mining. By optimizing ASIC devices when recalculating the algorithm, the total energy consumption can be reduced by 20%. In addition, the processor is missing, as unnecessary, some familiar modules. This reduces its physical volume and cost.

The company is not the first time claims the rights to inventions in the field of mining. Prior to this, it was at its enterprises that chips were created for 21 Inc. Later, the customer was renamed Earn.com and was bought by Coinbase. In addition, Intel is already the owner of a number of developments. It is the company that owns the rights to the hardware accelerator technology for Bitcoin mining.

New patent from Intel

The first details about Ethereum 1x

The next update, Ethereum, has already been called Serenity. Its launch is scheduled no earlier than 2020. However, before this, the blockchain is waiting for another hardfork, which will make global changes to the information processing algorithm.

According to preliminary information, Ethereum 1x will develop in four directions. These include the introduction of leases for storage, the relocation of smart contracts from the blockchain, the optimization of archiving old data and the launch of the new eWASM virtual machine. It is not clear what exactly will be able to implement from the planned. However, the team will have to carry out serious work, because the size of the blockchain has already exceeded 1 GB.

The first details about Ethereum 1x

Are you ready to start?
Open Account Be a Partner

LH-CRYPTO is an online service for crypto-traders

LH-CRYPTO is an online service for crypto-traders. The service is available to everyone, except for the citizens of particular countries and several categories of people listed in the License Agreement. LH-CRYPTO is a free software for making conversion operations with CFDs on various financial assets nominated in cryptocurrencies.

The project does not manage funds and does not guarantee profits. The project only offers a service that allows to make conversion operations with cryptocurrencies on a specially configured software.

This website is maintained and supported by the following legal body:

LARSON AND HOLZ IT LTD

All the settlements in this project are processed solely in cryptocurrencies. Conversion operations are processed on the terms of margin trading without a direct supply of underlying assets. According to the generally accepted term, these operations are called operations with OTC (over the counter) CFDs (contracts for difference).

Trading with OTC CFDs involves considerable risks. We recommend you pay the utmost attention to both theory and practice of margin trading before making any of such operations.

The services provided by this project are not available for: residents of USA, North Korea, Sudan and Syria.