EOS platform, a popular choice for hosting dApps is facing severe network congestion due to one dapp, EIDOS. Similar to what Cryptokitty did to the Ethereum network, EIDOS dapp has blocked the entire network since Nov 1st by taking up most of the transaction processing. EOS network known for speed...
South Korean cryptocurrency exchange Upbit got hacked resulting in 342,000 ETH (approx $50.6 Million) stolen from their hot wallet. The hack happened on Nov 27th, 2019 at 5:06 AM (GMT+1). The stolen amount was moved from Upbit’s ETH hot wallet to the following address: 0xa09871AEadF4994Ca12f5c0b6056BBd1d343c029. As a result, Upbit has...
Canaan, one of the leading cryptocurrency mining hardware maker plans to raise $100 million from its Nasdaq IPO. It originally planned to raise $400 million. Now with the revised terms, the company plans to offer 10 million shares at $9 to $11 apiece which will place it at a market...
Nearly after a month since the remaining 21 Libra association members signed the charter, the Libra team released an update of its progress. The Libra association shared the update in a blog post that since Sept 17, Libra’s testnet network has logged over 51,000 transactions with 7 nodes supporting the...
Walmart Canada has developed a blockchain-based payment network that managers real-time invoicing, payments and settlement for its carriers, third-party trucking companies that transport inventory to over 400 Walmart retail stores across Canada.
Iran government announces a new electricity tariff for cryptocurrency mining operations. As per the guideline, mining digital currency is banned during peak hours, which usually spans over 300 hours in the four-month period of high electricity consumption across Iran mostly due to the warm weather. During non-peak hours of this...
Leading Cryptocurrency data provider, CoinMarketCap has launched a new metric – Liquidity to rank exchanges. Announcing the development on Nov. 12, CoinMarketCap sees its new metric ‘Liquidity’ to replace dependence on exchange reported volumes, which is often inflated from wash trading practices. “We believe our adaptive methodology will make our...
Bitcoin mining manufacturer Canaan will ring the bell at Nasdaq on Nov 20. Canaan Inc filed for a U.S. Initial Public Offering (IPO) on Oct. As per the filing, the company plans to target a $400 million capital raise. Canaan shares are expected to be listed under the symbol “CAN”...
MoneyGram, one of the world’s largest money transfer companies currently processes 10% of its U.S-Mexico transaction volume through Ripple’s On-Demand Liquidity (ODL) platform. Ripple’s On-Demand Liquidity (ODL) platform leverages on XRP cryptocurrency as a bridge for cross border payments. MoneyGram Chairman and CEO Alex Holmes announced the news at Ripple’s annual...
China publishes a blockchain-based system for identification. The system will integrate with the existing infrastructure of smart cities, facilitating data sharing to make life easier for residents and improve local administration. The blockchain-based identification system was jointly developed by three institutes in Shijiazhuang. Cities nationwide now can apply for their...
