Following the theft of 342,000 Ether from major South Korean crypto exchange Upbit, some are floating the theory of an inside job rather than a hack. Following the theft of 342,000 Ether (ETH) ($50 million) from major South Korean crypto exchange Upbit, some commentators have suggested that the hack was actually an inside job. As […]
Continue Reading
Author of peer-to-peer BitTorrent protocol Bram Cohen says ASIC-resistant proof-of-work is both “a pipe dream and a bad idea.” Bran Cohen, best known as author of the peer-to-peer (P2P) BitTorrent protocol, has responded to some of Vitalik Buterin’s opinions about the state of technology around cryptocurrencies. On Nov. 25, Cohen, also the current CEO of […]
Continue Reading
Simon Morris, the head of product at the Libra Association, has left the project within five months of joining, according to his LinkedIn profile. Simon Morris, the head of product at the Libra Association, has left the project within five months of joining, according to his LinkedIn profile accessed on Oct. 9. The Switzerland-registered Libra […]
Continue Reading
Though crypto transfers are immutable, offline cryptocurrency transactions may be the key to total censorship resistance for blockchain. Earlier in September, Cointelegraph reported that Israeli cybersecurity startup GK8 had raised $4 million to finance its offline cryptocurrency transaction solution. The company developed a cold wallet with “hot wallet functionalities” that is completely shielded from online hackers because […]
Continue Reading
BitTorrent’s decentralized file sharing protocol BitTorrent File System officially launches its mainnet and rolls out 3,000 new nodes. BitTorrent’s decentralized file sharing protocol BitTorrent File System (BTFS) has launched its mainnet. The project seeks to become what developers describe as “the world’s largest and first scalable decentralized storage system.” According to a blog post published […]
Continue Reading
Sequoia-backed startup Band Protocol launches its fully decentralized BTC binary options app BitSwing on Ethereum’s mainnet. Decentralized data governance startup Band Protocol launched its fully decentralized binary options trading app BitSwing on Ethereum’s (ETH) mainnet. Band Protocol — which closed a $3 million seed round led by Sequoia Capital India this February — announced the […]
Continue Reading
Binance delists new trading pairs of tokens, some of them were launched through its own IEO platform. Major cryptocurrency exchange Binance announced on Sept. 30 that it is removing a batch of thirty trading pairs from its listings. Curiously, six of those trading pairs involve tokens launched on Binance Launchpad Initial Exchange Offering (IEO) platform, […]
Continue Reading
The alphanet of decentralized file hosting protocol Filecoin will be launched tomorrow, with the testnet expected on Dec. 11 and mainnet in Q1 2020. Decentralized file hosting protocol Filecoin announced in a post published on its blog on Sept. 24, that its alphanet will be launched tomorrow, testnet on Dec. 11 and mainnet in Q1 […]
Continue Reading
2019 has seen a new way of fundraising, IEOs, become the go-to way to raise capital while ICOs lose steam. The crypto community has seen a tectonic shift in fundraising trends: from the decline of initial coin offerings (ICOs) to the hype around security token offerings (STOs) and then the rise of initial exchange offerings […]
Continue Reading
Solving the blockchain scalability challenge requires coming up with new consensus mechanisms that support different nonfinancial use cases. Blockchains and the related field of decentralized technologies represent a massive opportunity for humanity — not to mention the fact they appeared with almost perfect timing. Our largest institutions have become so powerful that they can take […]
Continue Reading