Blockchain News


IOTA Trinity wallet

IOTA announced network launch date and assets transfer tool

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IOTA developers have introduced a tool to migrate Trinity wallet user assets to new secure addresses. They plan to resume network operation on March 10. Users of the desktop version of Trinity were attacked on February 12th. Attackers allegedly gained access to seed phrases and withdrew funds from...

mining equipment electronic waste

Research: 98% of mining rigs will turn into electronic trash

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Despite the fact that the Bitcoin mining industry is still profitable, its environmental impact cannot be underestimated. So, according to a study by PWC blockchain expert and Digiconomist blog author Alex de Vries, 98% of existing equipment will become useless over time and become huge heaps of...

David Shwartz Ripple

Ripple announced stablecoins could be created on XRP ledger

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Ripple is creating a new component designed to provide the ability to create asset-backed tokens on top of the XRP registry. That was told by the technical director of the company David Schwartz. According to him, Ripple seeks to expand the capabilities of the network, including providing third...

niTROn delayed coronavirus

TRON blockchain summit postponed due to coronavirus

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The niTROn blockchain conference from the TRON project has been postponed due to the outbreak of the coronavirus epidemic. This was reported on the website of the event. The summit was to be held in late February in Seoul. The new date will be determined "depending on the further...

Clearview AI

Coinbase is testing Clearview’s facial recognition tech

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Coinbase began testing the famous face recognition system from the American startup Clearview AI. The Clearview AI system is currently used by more than 2200 organizations. Through artificial intelligence, the system uses a database of images collected on Facebook, Twitter, YouTube, and other...

Bitfinex exchange

Bitfinex bitcoin exchange announced about DDoS attack

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The Bitfinex crypto exchange stopped working and announced a distributed denial of service (DDoS) network attack. We are investigating what seems like a distributed denial-of-service (DDoS) attack. We will keep everyone updated on here and our status page https://t.co/u3pYCVVGQq as we know...

Antminer S19

Bitmain presented Antminer S19 and S19 Pro Specifications

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Bitmain has presented specifications for the modern Antminer S19 and S19 Pro. According to the Chinese company, the new devices will provide miners with a steady income even after the upcoming cryptocurrency halving in May. The latest Antminer S19 and S19 Pro are available in 2 versions. So, the...

CoolBitX startup

CoolBitX raised over $16 million in series B

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CoolBitX startup, manufacturing hardware cryptocurrency wallets CoolWallet based in Taiwan, collected $16.75 million in funding cycle Series B. Several investors were headed by the Japanese financial company SBI Holdings, which also included the Monex Group, the Korean Bitcoin exchange BitSonic,...

Steemit merges TRON

Steemit with millions of users migrates to TRON ecosystem

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The decentralized social network Steemit and its applications will soon be transferred to the TRON blockchain. The migration will occur as part of a strategic partnership between Steemit Inc. and the Tron Foundation. The blog of the Tron Foundation says that work on the migration of a social...

Egyptian National Bank

Egyptian National Bank uses blockchain to Boost Remittance

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The Nationwide Financial establishment of Egypt has signed a collaboration settlement with Ripple to decide new channels for inward remittances, as per Feb. 11 report from local daily news site Youm7. The remittance as appears makes the Nationwide Financial organization the natural's first to...

Telegram SEC John Hyman

Telegram investor confirms SEC's arguments against platform

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The US Securities and Exchange Commission has taken evidence from former Telegram investment adviser John Hyman. He said that in 2018 Telegram sold investment contracts for Gram tokens not only to TON platform investors but also to underwriters who were involved for wider distribution of tokens....

Li Wenliang smart contract

Smart contract given to dead doctor who alerted coronavirus

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A smart contract was created on the basis of Ethereum, dedicated to Li Wenliang, a Chinese doctor, who was the first to warn of an impending coronavirus epidemic. He died in a hospital in Wuhan the day before yesterday. The smart contract code contains a biography of the deceased doctor. The...

Ethereum 2.0

Ethereum developers plan to launch Eth 2.0 in July 2020

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Developers won't have the opportunity to release the Ethereum 2.0 update in the first quarter, as previously planned, but they are “95% sure” that they are going to have time to prepare the release before the end of 2020. The team spoke about this during the AMA session on ​​the Reddit...

The US Navy

US Navy bets $9.5M on blockchain to secure messaging

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The Simba Chain was given almost $10M to create a preserved communication platform for the US Navy. Chief Executive of the company Joel Neidig noticed that the platform is planned to be finished this year with continuous updates during the following four years. The company also stated that the...

Hyperchain against coronavirus

Hyperchain will fight against coronavirus outbreak

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A February 4 Hyperchain's publication stated the launch of a blockchain-based platform to struggle with the coronavirus plague and will be a donation portal for medical equipment to help hospitals in central China. A current explosion of coronavirus caused the death of over 400 people in the...

Catchain algorithm

Telegram reveals details about Catchain consensus mechanism

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Telegram co-founder Nikolai Durov published a description of the TON consensus protocol called Catchain. According to the document, Catchain is a Byzantine generals task algorithm (BFT) executed on the PoS blockchain, which generally resembles the protocols adopted in NEO or Cosmos. BFT provides a...

Waves Association

Waves launched a non-profit association following German law

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The Waves posted an announcement on February 3, where the platform stated it creates a nonprofit organization named the Waves Association in Frankfurt, Germany, to effectively manage its Web3 ecosystem and promote the construction of DLT. The new-founded Association is going to be stewarded by ten...

Ukraine blockchain

Ukraine created a blockchain based on domestic cryptography

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Ukraine has developed a software package for the basic blockchain system using domestic cryptography with high post-quantum strength. This is said in the press service of the Information Protection department. The technology can be used to conduct various polls, create a national cryptocurrency,...

Few of us know that the technology named blockchain, that is so widely spread nowadays, was described back in 1991 by the group of researchers. It couldn’t find practical usage over 2 decades before 2009 when mysterious Satoshi Nakamoto used the technology as the basis of his invitation: the Bitcoin. But what is blockchain, how it works and what problems does it solve? There are a lot of definitions and explanations of this technology but ‘the distributed and open ledger’ describes it the best. Keeping the same information on each node of the network item and checking the compliance while adding any new block, makes blockchain almost absolutely secure and trustworthy. Not drowning in technical details too much we should say that right now blockchain is changing the traditional financial system. Thanks to this technology P2P transactions are reality nowadays. Democratic governments are implementing blockchain in more and more fields of public administration and this is just the tip of the iceberg.

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