Monero to Undergo Hard Fork

All Monero holders as of block 1529810 will become owners of MoneroV on March 14
21 February 2018   1331

MoneroV is a private cryptocurrency fork of the Monero blockchain. A split will occur at block 1529810 when MoneroV miners will start to create blocks on the MoneroV network.

The new MoneroV blockchain will contain the history of all transaction up until block 1529810 and all Monero coin holders will receive 10x their XMR balance amount as MoneroV coins (XMV) after the fork.

MoneroV hard fork roadmapMoneroV Roadmap

Features:

  • Decentralized peer-to-peer blockchain transaction consensus
  • Using lower transaction fees and advanced modification to the core mechanism in the way MoneroV calculates transactions and balances
  • Sending and receiving addresses are obfuscated, as well as all amounts being transferred in all transactions, and the identity cannot be linked or traced to a transaction on the MoneroV blockchain

Specifications:

  • Coin Supply - Capped at 256 Million XMV. Smooth emission decline until minimum
  • Circulating Supply at Hard Fork - ~158 Million XMV (10x circulating XMR supply as airdrop)
  • Proof of Work - CryptoNight (to be changed)
  • Difficulty Retarget - Every block, adjusted difficulty initially after Airdrop
  • Block Time - Every 120 seconds
  • Block Reward - Minimum of 6 XMV per block at 184,467,440 XMV in total emission
  • Block Size - Dynamic, max 2xM100

Monero holders prior to the hard-fork split that will occur in block 1529810 will receive 10 times their holdings in MoneroV coins.

No official statements regarding the support of the fork by exchanges were made yet.

Japan to Give First Jail Sentence For Hidden Mining

Unemployed 24-year-old resident of the city of Amagasaki received one year's imprisonment with a three-year suspended sentence
03 July 2018   300

The Japanese court for the first time issued a guilty verdict for using a hidden mining of cryptocurrency, Bitcoin com reports.

On July 2, the Sendai District Court sentenced an unemployed 24-year-old resident of the city of Amagasaki, Hyogo Prefecture, to one year's imprisonment with a three-year suspended sentence.

This verdict was the first decision in the case of the spread of the browser-based CoinHive Miner to other people's computers for the hidden mining of Monero.

In the autumn of 2017, three suspects created websites that installed a virus-mining program on their devices without their consent.

One of them, the law enforcement agencies of Japan have imposed a fine of 100 thousand yen (about $ 900) for the illegal deployment of the virus. He himself, however, argued that in fact this program is not a virus, but is "a method similar to what is used to distribute online advertising."

Since June 18, the Financial Services Agency of Japan (FSA) has banned anonymous crypto-currencies, including Monero, because of the potential for their use in fraudulent purposes.

Also this week it became known that the Agency is considering the possibility of changing the regulatory and legal framework for controlling exchange operations with bitcoin and other cryptocurrencies.