steem Archives - Page 6 of 9

Binance Publishes Apology Letter to Steemit Community and Says It Has ‘Unvoted’

March 10, 2020cashtechnews

Cryptocurrency exchange Binance has officially apologized to the Steemit community following its involvement in a major centralization scandal involving Tron founder Justin Sun. Cryptocurrency exchange Binance has officially apologized to the Steemit community following its involvement in a major centralization scandal involving Tron founder Justin Sun. In its letter posted on March 10, Binance affirmed […]

Steem Scandal, Blockchain Voting Fiasco & More: Bad Crypto News of the Week

March 7, 2020cashtechnews

Check the bad crypto news of the past week. So, how high is Bitcoin about to go? Analyst Willy Woo thinks it’s going to hit $135,000. It’s a “common-sense prediction” he told RT’s Keiser Report. Tim Draper is betting even higher. The venture capitalist has moved his money out of the stock market (too “frothy”) […]

Binance CEO Admonishes Justin Sun Over Steem Fiasco: ‘Transparency Works’

March 6, 2020cashtechnews

Binance CEO Changpeng Zhao takes issue with Justin Sun’s characterization of the Steem takeover as an ‘upgrade’. Binance CEO Changpeng ‘CZ’ Zhao is distancing himself from Tron founder Justin Sun over what has been described by some as a ‘hostile takeover’ of the Steem blockchain. Sun claimed that these reports were “misleading” and that “We […]

Steem Community Stands Its Ground Amid Tron Takeover

March 6, 2020cashtechnews

In what seems as one of the biggest crypto dramas of 2020, community seems to have the upper hand. The scandal surrounding the Steem blockchain continues to unfold. After juggernaut exchanges Binance, Huobi and Poloniex were heavily criticized by community members for allegedly mobilizing customer deposits to take over the network, two of those firms […]

The Steem Takeover and the Coming Proof-of-Stake Crisis

March 5, 2020cashtechnews

The recent incidents with Steem show a critical vulnerability in proof-of-stake algorithms that might affect all cryptocurrencies and exchanges. The Steem blockchain reportedly experienced a troubling episode recently, whereby the blockchain’s entire governance system was disturbed. Tron founder Justin Sun, new owner of the Steemit social network based on the Steem token, appears to have […]

Huobi Withdraws Steem Votes, Admits to Mobilizing Customer Funds

March 4, 2020cashtechnews

Huobi has posted a statement admitting that it used customer funds to vote with Justin Sun in a bid to remove Steem’s blockchain validators. Four former witnesses have been voted back onto the council of 20 nodes that underpin the Steem blockchain. Their reinstitution follows the withdrawal of votes from major exchanges Binance and Huobi […]

Binance Reverses Vote in Apparent Steem Takeover, Steemit Comms Head Resigns

March 3, 2020cashtechnews

Binance has reversed its vote in what appeared to comprise a coordinated move to take over the Steem blockchain to the benefit of Tron’s Justin Sun. On March 3, Binance CEO Changpeng Zhao announced that the exchange had removed its votes that contributed to a sudden shift of control over the Steem blockchain. Earlier today, […]

Steemit Managing Director on Acquisition by Tron — Exclusive

February 27, 2020cashtechnews

Steemit’s managing director says the new partnership with Tron will help grow the platform and that the soft fork resulted from quick reactions to the changes. In an interview with Cointelegraph at Tron’s San Francisco office on Feb. 25, Steemit Managing Director Elizabeth Powell expressed enthusiasm regarding the new strategic partnership between Tron and Steemit. […]

Steemit to Shift Its Proprietary Blockchain and Token to Tron Network

February 14, 2020cashtechnews

Tron partners with Steemit, a major blockchain-based blogging and social networking website that will be moving to Tron’s network. The Tron Foundation, a cryptocurrency firm that is known for hyping its long ledger of partnerships, appears to have entered a particularly important one today. The maintainer of major cryptocurrency Tron (TRX) has just partnered with […]

DLive Joins BitTorrent Ecosystem to Make Blockchain-Based Content Sharing Mainstream

December 30, 2019cashtechnews

DLive joins BitTorrent ecosystem to bring blockchain-based content sharing to 100 million monthly active users. Peer-to-peer filesharing giant BitTorrent announced on Dec. 30 that DLive, the blockchain-based live streaming platform, will be joining its ecosystem. Through this partnership, DLive will bring peer-to-peer content sharing and live streaming capabilities to BitTorrent’s 100 million monthly active users. […]

Tag: steem

Steem Scandal, Blockchain Voting Fiasco & More: Bad Crypto News of the Week

The Steem Takeover and the Coming Proof-of-Stake Crisis

Huobi Withdraws Steem Votes, Admits to Mobilizing Customer Funds

Steemit to Shift Its Proprietary Blockchain and Token to Tron Network

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