Hong Kong Watchdog to Implement New Limitations

New rules provide for tougher regulations in relation to the scope of ICO
18 December 2018   801

The Hong Kong Securities and Futures Commission (SFC) plans to introduce new rules for the cryptoindustry, reports Finance Magnates, citing the Japanese edition of the Nikkei.

In particular, if 10% of the assets of companies are contained in a cryptocurrency, then they should receive a special license from the SFC. Also, these firms will be able to offer cryptocurrency products only to qualified investors.

In addition, the new rules provide for tougher regulations in relation to the scope of ICO. Thus, the SFC intends to prohibit an ICO if the campaign initiator token was released less than 12 months before the start of the tokensale. Considering that the purpose of the ICO is precisely the launch of tokens, it is not known how this requirement will work in practice.

Recall that in November the SFC announced the rules for cryptocurrency funds.

Radix to Replay All BTC Transactions in 15 Minutes

Radix is developing a DLT alternative, with which it has a lot of common, but at the same time it is more scalable and easier for devs to work with
13 June 2019   410

The Radix project had conducted visual testing of the capabilities of its technology in a “live” format.

According to the announcement on Twitter, testing begun 12.06 at 9:30 Eastern time. During the process, Radix promised to reproduce all transactions from the Bitcoin blockchain, that had been recorded there for 10 years of cryptocurrency existence. The entire procedure is expected to take less than one hour. Thus, the project intends to demonstrate the bandwidth and scalability of the solution created by it.

Team was able to perform successful test in 15 minutes. That's 4 times less than expected. Impressive result.

Radix is developing an alternative to the blockchain technology, with which it shares characteristics such as decentralization and protection against unauthorized access, but at the same time it is more scalable and easier to handle for developers. To do this, the project uses database sharding, which ensures linear scalability of registries.