FCA warns users against Sun’s Poloniex
The UK's financial authority has published an official warning to users that Poloniex is not operating under regulation.
Move over ERC-20, there’s a new standard on Ethereum’s blockchain.
ERC-20, the first token standard, might be taking a backseat soon to the new improved ERC777 standard for tokens launched on Ethereum’s blockchain.
The standard ERC stands for the Ethereum Request for Comments and its purpose is to outline a particular set of regulations for tokens which are created to be implemented on the Ethereum’s network. Many tokens (such as EOS and TRON which have just launched their own individual mainnets) have and are using Ethereum’s blockchain in order to gain credibility as a project during initial coin offerings (ICOs) as ERC-20 tokens.
It is a helpful initial maneuver, but the ERC-20 standard does pose several problems, such as the fact that some contracts might not support ERC-20 tokens and, if used, essentially become locked forever. With the new ERC777 standard, it alleviates some of the problems the previous protocol gave while remaining entirely compatible with the old standard.
Notably, there are three new benefits which are offered by the new standard but not by the old one.
These are:
The UK's financial authority has published an official warning to users that Poloniex is not operating under regulation.
The Securities and Futures Commission of Hong Kong has raised concerns over activities with two crypto entities.
After years in the downturn market, El Salvador's Bitcoin holding has risen to a 3% gain over its investment.
Grayscale to transform the GBTC with a Bitcoin ETF to align the price closer to Bitcoin's and create a seamless process for investors.