Cryptocurrency, despite the massive drop in value from a year prior, was still a hot topic of discussion at the World Economic Forum in Davos, Switzerland. Experts on cryptocurrency and blockchain debated the technology in the panel “Building a Sustainable Crypto-Architecture” with insight into both sides of the discussion.
New cryptocurrency Grin launched its mainnet on January 15th. Grin is a volunteer-run project that says it’s only interested in getting the MimbleWimble technology — on which it is based — into public usage. But with major funding from multiple crypto investment firms and businesses, it’s unclear what safeguards Grin has in place to ensure the project remains independent.
In France, several proposed changes to the laws governing the tax treatment of cryptocurrencies were rejected in the parliament on December 17th. The proposals would have made the tax treatment for transacting in cryptocurrencies more advantageous. The decision comes a week after two French lawmakers released a report advocating for the investment of hundreds of millions of public money in blockchain technology.
Bitmain is closing its research and development facility in Israel within the week. It is the latest blockchain firm to pare back operations as crypto markets have crashed in the second half of 2018.
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An American blockchain technology company has filed a lawsuit against Bitcoin.com, Bitmain, Kraken Exchange, and others, alleging they illegally manipulated the Bitcoin Cash network during the recent November hard fork. It appears that the hash war, which observers attributed Bitcoin ABC winning, may not be over yet.
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