Thailand to publish new law on cryptocurrencies and ICOs within a month, Vitalik Buterin proposes Plasma Cash as a scalability solution for Ethereum, top 5 cryptocurrency price changes, and more!
Buterin Proposes Plasma Cash as a Scaling Solution for Ethereum
Vitalik Buterin, co-founder of Ethereum, recently presented a possible scaling solution for Ethereum, called Plasma Cash. According to AltCoinToday.com, Plasma Cash — developed by Buterin, Dan Robinson, and Karl Floersch — is a “more scalable” version of an existing solution called Plasma. Buterin explained that, “A user actually only needs to verify the availability and correctness of the Plasma chain only […] at the specific index of the coin, of any coins that they own and any coins that they care about.”
Thailand to Publish New Law on Cryptocurrencies and ICOs Within a Month
Rapee Sucharitakul, Secretary-General of the Securities and Exchange Commission of Thailand (TSEC), has required that a law on cryptocurrencies and ICOs be finalized within the next 30 days. According to Bitcoin.com, a new law must be created after Thailand’s regulators agreed there is no need to apply its Section 44 law to cryptocurrencies and ICOs. The new law will “regulate the purchases and sales of cryptocurrencies and ICOs in order to avoid market manipulation, money laundering, tax evasion, as well as multi-level marketing schemes.”
Maharashtra Government Launching a Blockchain-Based Pilot Project to Store and Protect All Land Transaction Data
According to the Times of India, the Maharashtra government is launching a blockchain-based pilot project in its Pune and Konkan divisions to store and protect all land transaction data. Currently, data will be entered manually, stored digitally, and then uploaded to the central server. Future modifications to data will be registered in the transactions.
Correction: V Diamonds Cancels Plans for Diamond-Backed ICO
V Diamonds and World of Diamonds have cancelled their partnership after V Diamonds cancelled plans for an ICO. According to CNBC, Ville Oehman, the owner of V Diamonds, partnered with World of Diamonds to raffle entry to the dinner using an ICO, with each token representing one-millionth ownership stake in the blue diamond. A winner would be selected from the token holders.**
** Note: This is a correction to a summary in the Crypto Minute on March 10, 2018, which suggested that One World Diamond cancelled the ICO.
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