TomoChain is Getting Ready to Launch Upgrade for Zorro Network 0 35

According to the recent reports, TomoChain has finally released the details and information around the launch of its new upgrade. TomoChain is a scalable smart contract platform that has released information around the Zorro Network, which in its latest upgrade.

The firm has also announced the data as well as the block number on which the upgrade will be taking place. As per TomoChain, the upgrade will be taking place on January 22, 2021, and it will be implemented on block 30,915,660.

TomoChain has revealed that the deploying of the Zorro Network upgrade will prove to be very beneficial for their firm. With the activation of the Zorro upgrade, the performance of the network’s blockchain will be enhanced greatly. The firm has confirmed that its blockchain runs on the proof-of-stake (PoS) consensus protocol. After the deployment of the Zorro Network, the blockchain will be upgraded with EVM.

TomoChain has announced that with the launch of the new upgrade, it will be achieving a new milestone in their development sector. The founder and CEO of TomoChain, Long Vuong, also commented on the company’s recent achievement.

Vuong has stated that he has full confidence in the capabilities of TomoChain and the extent the firm can go in order to achieve its goals. The company is positive and fully confident that the functionalities as well as new features will receive a lot of positive feedback from the entire community.

The firm also has very high hopes with its upgrades and it is hoping to make the running year its best.

Apart from Vuong, the CBDO of TomoChain, KynChaturvedi also commented on the potential of the company. Chaturvedi stated that with the launch of the new upgrade, the company will be able to enhance its capabilities. With the integration of the new upgrade, the platform will become better suited to host applications that are based on the enterprise level.

TomoChain has also made an announcement prior to the launch of its new Zorro upgrade. The firm has announced that the announcement is pertaining to the operators of the full nodes as well as masternodes.

The concerned operators will be required to update their software at the earliest to ensure no issues are faced. The firm has announced that once the new upgrade has been deployed, the older version of TomoChain will be deprecated. This would render the operators with older versions incompatible to operate the new upgrade.

However, the firm has announced that the holders of the TOMO tokens will face no incompatibility issues.

For those who do not know, TomoChain is a blockchain-based protocol that is based in Singapore and was launched back in 2018. The TomoChain currently has offices in Japan and Vietnam.

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Central Banks Will Not Allow Bitcoin to Go Mainstream, Says Harvard Professor 0 4

Since the beginning of the year 2020, Bitcoin (BTC) has been flying high with respect to its price and market capitalization. There have been many mainstream institutions such as PayPal, MicroStrategy, and MassMutual that have played a huge role in deciding the fate of Bitcoin (BTC).

Although Bitcoin (BTC) had mustered a lot of user-base from the private sector, all it required was input from the mainstream sector. This is when PayPal announced that it was going to integrate Bitcoin (BTC) into its platform.

This worked like a charm for Bitcoin (BTC), and the largest cryptocurrency in the entire world got even bigger. Since then, Bitcoin (BTC) has been constantly gaining mainstream adoption and several institutions from around the world have adopted it.

However, similar to the president of the ECB, there are still many who still do not support the idea of adopting cryptocurrencies and Bitcoin (BTC) altogether.

Bitcoin (BTC) has been facing a lot of resistance and hard times from traditional financial institutions. It is the banks that are currently opposing the idea of Bitcoin (BTC) being dealt with as an asset for savings and investments.

The above speculation has also been confirmed by one of the professors from one of the world-renowned universities “Harvard”. Kenneth Rogoff, who is currently a Professor of Economics at Harvard talked about how the central banks currently perceive Bitcoin (BTC).

Rogoff stated that if people think that Bitcoin (BTC) has started gaining mainstream popularity, then they are mistaken. Despite all the success and attention, Bitcoin (BTC) is still far from gaining real mainstream adoption.

However, Bitcoin (BTC) currently has a very harsh and difficult journey ahead as the central banks from around the world are going to give a very hard time.

He stated that the central banks will not let Bitcoin (BTC) gain mainstream success and adoption. The professor stated that other cryptocurrencies are likely to face the same kind of treatment from the central banks.

He stated that for the time being, the majority of the cryptocurrency industry is unregulated. Many cryptocurrency firms in the industry do not adhere to the regulations that include AML and KYC policies.

For now, it is not possible for cryptocurrencies to be given mainstream status in the economy. The first thing that the governments would do is regulate cryptocurrencies and ensure that the policies are being adhered to.

Once the cryptocurrency regulations are streamlined and adherence is above satisfactory levels, then the cryptocurrencies stand a chance of being given mainstream status.

The words coming from Rogoff hold very high significance as he was one of the former chiefs at the IMF.

Bittrex Exchange Allowed Bitcoin to be Stolen, Claimed by Spanish Customer 0 6

As per the latest reports, the police authorities of the city of Tenerife have been given permission to investigate a case regarding Bittrex. As per sources, permission to look into the matter has been given by the Spanish court. The investigation has been launched by the Spanish court in response to a complaint that was launched by a Spanish Bittrex customer.

In the complaint, the customer has alleged to Bittrex that it was due to the exchange that he ended up losing his Bitcoin (BTC) to a theft. The plaintiff held the exchange responsible for the theft that led him to lose Bitcoin (BTC) that was worth $62,000.

As per sources, the cybercrime unit of the Tenerife police authority is currently investigating the matter. The cybercrime unit has stated that it will soon be sharing its preliminary findings around the matter. Then the police will be able to determine whether the exchange is to be held responsible for any involvement in the matter or not.

However, the plaintiff is continuing to blame the exchange for letting his Bitcoin (BTC) be stolen and taken away by the cybercriminals. He has claimed that the hacker was deliberately granted access to his wallet account on the exchange. As a result, the anonymous hacker was able to make away with around 1.3 Bitcoin (BTC) in the process.

One of the local reporting networks has revealed that the plaintiff himself is a resident of Tenerife city. The person claimed that it was May of 2020 when he had opened up his wallet account on the exchange for Bitcoin (BTC).

The plaintiff claimed that after creating the wallet account, he added 1.3 BTC to the same wallet account. Soon after making the deposit, he realized that his wallet with 1.3 BTC had been emptied and there was no sign of it.

Soon after learning about the theft, the first thing he did was get in touch with Bittrex so he got in touch with their customer support. Although he expected the team to support him, he got told by the customer support team that his account had been victimized by cybercrime.

The claimant also added in the report that he had hired a personal security expert in order to investigate the case. He wanted to get to the bottom of the theft and wanted to find the cybercriminals himself as he received no support from Bittrex.

The security expert hired by the claimant also shared his findings with the Spanish court. According to the report, Bittrex on four different occasions allowed the BTC wallet account to be accessed before the theft was attempted. The investigating expert also confirmed that the breach was observed from four different IP addresses.

All of the IP addresses used to breach the wallet account included Granada, United States, France, and Madrid.

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