Report

The State Revenue Service of Latvia calls for the use of Blockchain technology to control tax flow and combat the shadow economy. As one of the possible solution, Blockchain-based systems can be used in the cash registers reform.

The Bank of Japan released a new report that examines the concept and role of digital currencies in the general monetary system.

It is predicted that, by 2023, alternative assets such as crypto (Bitcoin, Ripple, Ethereum, Litecoin and others), precious metals and other collectables will amass 14,000 billion USD of the Italian market with a growth rate (GR) of 59% as compared to 2017, gathered and managed by 34,000 investment firms and managers worldwide (up 21% compared to last year) - according to the Prequin report.

After the hack that saw over $16.2 million illegally stolen from New Zealand’s hacked cryptocurrency exchange, police in New Zealand has given the go-ahead to Cryptopia, a crypto exchange that was recently hacked, to reopen and start operating at any time it's ready, according to a report on Wed February 13, 2019, by the New Zealand Herald, a local news outlet.

The phenomenon dubbed “the Federal Council report on framework conditions for blockchain technology” explained that distribution ledger technology will overturn market infrastructures, and in the future, many value exchanges will be entirely managed via DLT to give investors direct access.

The Global Blockchain Business Council (GBBC), the leading association for the blockchain ecosystem, conducted research on Tuesday, January 22, 2019, and discovered that around 63% of institutional investors think that senior executives have poor and less knowledge on blockchain technology. Just 7% depicted their blockchain understanding as “good,” and 30% saying it is “average,” according to the report by Thefintechnews.

India holds a big global economy that is now facing a rapid growth of use cases for blockchain and cryptocurrency markets. Taking demand into account, India plans to design a suitable roadmap for distributed ledger technology (DLT) soon or later, according to the report by Financial Express.

Ethereum (ETH) developments happened at each level of the ETH ‘stack’ that includes the core protocol and the users who launch it known as ‘Layer 1.’ This development includes the supporting developer tools and facility, which enable engineering on ETH’s potential. It also includes ‘off chain’ technologies, which enables developers to create fast and performant applications. It further includes the goods and commercial enterprises built on ETH, according to a hackernoon report.

Ethereum’s (ETH) approaching Constantinople upgrade activates vectors for reentrancy attacks, as per ChainSecurity – a smart contract auditing platform, according to a Medium report on January 15, 2019. A reentrancy attack engages a particular function in a smart contract to be called several times before the smart contract is completely performed.