The U.K. Law Commission has launched a research project investigating reforms that would bring legal clarity to the use of blockchain-based smart contracts. According to a working paper published on Thursday, the independent agency has already this year carried out initial research on the topic and a more formal project …Read More »
The Australian Securities and Investments Commission (ASIC) said late last week that it has stopped …
Developers and companies researching blockchain technology are looking to the U.S. government to hel…
U.S.-based crypto exchange Coinbase has teamed up with the token-based trading protocol startup Casp…
Cryptocurrency exchange ShapeShift’s controversial decision to require user identities wasn…
A state-backed financial asset exchange in China’s Chongqing city is turning to blockchain to make online auctions tamper-proof and transparent. According to a patent application filed in December and revealed on Friday by the China State Intellectual Property Office, the Chongqing Financial Asset Exchange (CQFAE) is exploring how to create …Read More »
A British county police force has become the first in the country to seize and exchange bitcoins discovered during a criminal investigation. According to a report from the Financial Times yesterday, the Surrey police force obtained 295 bitcoins last October after arresting a Latvian man called Seregjs Teresko, who has …Read More »
The operator of defunct bitcoin investment platform BitFunder, Jon Montroll, is reportedly seeking a plea bargain over fraud and other charges laid against him by the U.S. Securities Exchange Commission (SEC). FinanceFeeds indicated Thursday that, according to a document submitted by Montroll’s legal counsel, “a plea agreement agreed upon in …Read More »
Semiconductor manufacturing giant TSMC said Thursday that it expects demand for cryptocurrency mining-related products to cool off during the third quarter of this year. The company – which manufactures components for bitcoin mining chip makers, including Bitmain – made the prediction as it announced its second-quarter results, reporting $7.85 billion …Read More »
South Korea’s Financial Services Commission (FSC) has revealed it is setting up a department dedicated primarily to cryptocurrencies and blockchain. The FSC said the new department – dubbed the Financial Innovation Bureau – will focus on developing policy-making initiatives for the domestic blockchain and fintech industry, The Korea Times reported …Read More »
A Supreme Court decision on the Reserve Bank of India’s (RBI) efforts to bar cryptocurrency firms from receiving banking services will have to wait – for now. A final hearing on the ban’s merits has been deferred to September 11, local news outlet Inc42 reported Friday. The panel of judges …Read More »
The popular crypto data tracker CoinMarketCap is instituting changes in light of what it called “concerns” over fake volume figures. In a blog post, published on July 19, the site said that it had already dropped a minimum volume requirement for exchanges listed on the site, a policy it said …Read More »
A U.S. lawmaker has called for a blanket ban on cryptocurrency buying. Congressman Brad Sherman is no stranger to controversial statements on the subject – back in March he called cryptocurrencies “a crock” – and during the Wednesday hearing of a subcommittee for the House of Representatives Financial Services Committee, …Read More »
Legendary musician Peter Gabriel is backing UK-based blockchain startup Provenance, though the full amount of Gabriel’s investment has yet to be disclosed. Gabriel, formerly the lead singer of rock band Genesis, invested in Provenance along with Working Capital Fund, Digital Currency Group, Merian Ventures and Plug and Play, according to …Read More »
An unconventional candidate has triumphed in tron’s ongoing blockchain elections: the project’s founder Justin Sun. After announcing his candidacy to become a tron “super representative” (a node on the software elected by token holders to validate transactions, create blocks in the network and compete for its rewards) just one day …Read More »
Parity, the ethereum software client, has announced some major changes, including the stripping away of its graphical user interface (GUI).
In effect, the changes mean that Parity's "wallet" – that is, its repository of private keys – does not now exist for general, non-technical consumers. All "installers and operating-system specific packages" have also been removed.
According to newly published details for the Parity 2.0 client, the software is being positioned as "expert software for production use and shouldn't be considered end-user software or an 'Ethereum Wallet'."
At the heart of the change is a repositioning of sorts away from serving as a tool for everyday users, placing the emphasis on those that provide infrastructure on the ethereum network, primarily exchanges and miners.
"We reflect these strategic changes by completely removing the graphical user interface, the so-called 'Parity Wallet,' from the client. Furthermore, we have removed all installers and operating-system specific packages. In this way, we see Parity Ethereum as a piece of core infrastructure, to be bundled into end-user software packages such as graphical wallets or to be used as a library in mobile apps."
The announcement comes nearly one year to the day that roughly $30 million in ether were stolen as a result of a vulnerability in the Parity software. The bug was related to a specific multi-signature contract, as CoinDesk reported at the time.
Another, more serious code flaw resulted in the freeze of more than 500,000 ETH – an amount worth more than $250 million at press time – last November. According to a post-mortem published afterward, the deletion of a code library that supports Parity's multi-signature wallet sparked the fund lock-up.
Changes aside, those hoping to continue using a Parity-derived wallet can do so, according to the post, though the startup said that it will "only minimally maintain" the user interface that is linked out to on GitHub.
Image via Shutterstock
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