Monero V Hard Fork Postponed

The snapshot date is postponed to April 30, block 1564965 so as to facilitate the third-party services requests
20 March 2018   1094

MoneroV is a private cryptocurrency fork of the Monero blockchain. Previously we have reported about the Monero V hard fork after which all Monero holders as of block 1529810 should have become the owners of MoneroV on March 14, 2018. 

However, the team of the project has reported that due to the growing demand and increasing expectations from users, trading platforms, and large mining pools, it has decided to postpone the snapshot date to April 30, block 1564965 to facilitate third-party services requests.

Monero V hard forkMonero V Hard Fork Date Postponed

New features:

  • Replay protection, transactions on the Monero blockchain will not be able to be replayed on the MoneroV blockchain.
  • MoneroV codebase is currently fully functional and tested on macOS Sierra, Windows, 64-bit and on Linux, 64-bit. 
  • Some new procedures will be tested, including testing the time gap between the snapshot date and mainnet release, and raising the minimum ring signature, that will help mitigate an issue that was raised that the hard-fork split might reduce the effective privacy set of ring signatures – one of three private properties of the Monero & MoneroV blockchains.

Moreover, MoneroV’s source code, MoneroV GUI wallet, the MoneroV daemon will be published on Github publicly for the community to audit before released in downloadable form.

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   311

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.