India to Represent Crypto Bill in December

Finally, Indian authorities to clarify its position on cryptocurrencies
20 November 2018   378

Next month, the Indian authorities intend to submit a draft of the regulatory framework for regulating the cryptocurrency industry, where they will indicate their attitude to the use and exchange of digital assets in the country, reports Quartz.

It is expected that in December, a commission formed by the Ministry of Finance a year ago will present a draft law on virtual currencies and the use of distributed registry technology in the financial system, as well as a “legal basis for digital currencies in India”. Information about this appeared during the trial of representatives of the cryptocurrency industry, who consider restrictions on their activities illegal, with local authorities.

…currently, serious efforts are going on for preparation of the draft report and the draft bill on virtual currencies, use of distributed ledger technology in (the) financial system and framework for digital currency in India.  The draft report and bill will be circulated to members of IMC (inter-ministerial committee). Thereafter the next meeting of IMC will be held so that discussion can take place on the draft report and bill. It is expected that the draft report will be placed before the IMC by next month.
 

Indian Government

There's no information on mining regulation in the upcoming bill.

Earlier this year, the Reserve Bank of India banned regulated financial institutions from servicing companies operating in the cryptocurrency sector, which led to significant changes in the local industry.

Zcoin to Implement Hard Fork to Fight ASIC Mining

After update, which implement new  Merkle Tree Proof algorithm, the cost of mining on ASIC devices will be significantly increased
10 December 2018   78

On Monday, December 10, a planned hardfork will be held in the Zcoin cryptocurrency network (XZC), the purpose of which is to oppose mining on ASIC devices. As expected, the upgrade will take place at 12:00 GMT.

As a result, the upgrade will activate a new algorithm called Merkle Tree Proof (MTP), the development of which has been carried out over the past few years.

It is noted that the MTP algorithm provides for increased use of RAM, which significantly increases the cost of mining on ASIC devices and thereby eliminates their advantages.

The FAQ section says that before hardfork users and operators of the nodes need to upgrade to the latest version of the Zcoin software (0.13.7.4). Earlier versions will continue to work, but the new release not only contains important fixes for various bugs, but also significantly improves network performance and throughput.

In addition, the developers warn that if after the hard forks the user still has an earlier version of the software, this can lead to incorrect display of balances in the Zcoin wallet.

Znode operators, in turn, will be excluded from the queue and will not be able to receive the award until they update the software to the latest version.

Zcoin Price
Zcoin Price

These news don't have any big effect on Zcoin's rate.