Binance Hits Back at ‘Embezzlement’ Claim

Binance has rejected allegations that it misappropriated a user’s funds and provided screenshots to show it acted at the request of South Korean authorities. Binance has fired back at claims that it ‘embezzled’ hundreds of thousands of dollars in funds that were frozen from a user’s account in November 2018. In a lengthy statement the […]

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South Korea’s Largest Crypto Unveils New Consensus Algorithm

ICON unveils a new consensus algorithm which improves scalability and network bandwidth without sacrificing security. South Korea’s largest public blockchain project, ICON (ICX), announced its new Loop Fault Tolerance 2.0 (LFT 2.0) consensus algorithm on April 8. The new algorithm claims to make performance improvements in scalability and network bandwidth over the popular Practical Byzantine […]

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Cardano Partners With South African Blockchain Alliance To Boost Adoption

The Cardano Foundation looks forward to strengthening South Africa’s blockchain awareness. The Cardano Foundation announced a partnership with the South African National Blockchain Alliance (SANBA) on April 7. The partnership endeavors to explore further ways to strengthen technology’s adoption throughout South Africa. According to the official announcement, Cardano will use blockchain technology to boost socio-economic […]

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Blockchain Scam Raises Money by Pretending to Be Associated With the Olympics

The Chinese Olympic Committee alerts the public that the recent blockchain-enabled fundraising using the “Olympics” name is illegal. The Chinese Olympic Committee announced on April 8 that it’s repeatedly received complaints about illegal marketing pertaining to the upcoming Olympic Games. People claiming to be part of the so-called “World Olympic Sports Foundation” say they’re using […]

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