United Kingdom's Treasury Committee Initiated An 'Inquiry' Into Bitcoin And Blockchain Technology
In an effort to understand Cryptocurrencies and the blockchain technology, UK Treasury Select Committee has launched an inquiry into the space.
The inquiry was initiated February 22, 2018 and is focusing on both opportunities and risks posed to businesses, consumers and the government.
The group is a powerful committee of lawmakers from the Members of Parliament which will do a research on blockchain technology's disruptive potential on the financial space.
The inquiry will also explore on ways on how to achieve the balance between regulation on protecting businesses and consumers, while not suppressing innovation, which is a crucial part in this move.
They will also accept advices and suggestions for cryptocurrency experts before passing a report of its own to the government with its plan on striking the right balance.
Ethereum Classic Will Have A Fork Snapshot Next Week
A snapshot fork called Callisto (CLO) will happen next week and holders of ETC will receive free CLO coins at 1:1 ratio.
Callisto will be an exact copy of Ethereum Classic blockchain up until 5,500,000th block but the following blocks will be its own already which are believed to have better smart contract security.
According to Callisto's whitepaper, ETC is at risk to smart contract hacks and CLO is creating an 'Official Smart-contract Auditing Department of both CLO and ETC' so we can assume that Callisto may be considered as an extension to Ethereum Classic community.
The principal goal of Callisto is to study and develop a reference implementation of self-governed, self-sustaining, self-funded blockchain ecosystem and development environment.
Headlines for the world of Cryptocurrencies - February 22, 2018Bitcoin Fees Are Currently At Its Lowest In 18 Months / PayPal Executive John Rainey Is Positive About Bitcoin As A Future Popular Payment Method |
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Headlines for the world of Cryptocurrencies - February 21, 2018Arizona Will Soon Accept Bitcoin For Income Tax Payment / Japanese Cryptocurrrency Exchanges Tap Star Power For Advertising Their Services |
Headlines for the world of Cryptocurrencies - February 20, 2018Confirmed: South Korea Government Will Support Cryptocurrency Trading And Transactions / A University In Australia Launches The Country's First Open Blockchain Course |
