Category: Altcoins

A few hackers fabricated 1 billion EOS based tokens, which they also named EOS, to purchase some real tokens from the decentralised platform Newdex. The tokens they managed to steal from users accounts had a value of $58,000, according to Newdex. Hacks are something we are getting used to in the crypto sphere, and a few days ago two EOS gambling platforms were hacked, and $260,000 were stolen. The hacker…

The long-awaited Ripple’s product xRapid is nearing completion, according to Sagar Sarbhai. Speaking to CNBC, the head of regulatory relations for Asia-Pacific and the Middle East at the company reaffirmed that Ripple is making great strides towards launching the product that will help banks to significantly increase the speed of cross-border transactions. Mr. Sarbhai claimed that “I am very confident that in the next one month or so you will…

EOS has recently been in the news following the revelation that an EOS decentralized application (dApp) could access users’ token wallets without their consent through the use of a backdoor technique. More specifically, this EOS dApp is called Trybe, and describes itself as a ”tokenized knowledge sharing network for the crypto and blockchain community”. Issues first arose when Trybe were set to distribute tokens to user accounts through a token…

During the past four days, two EOS platforms have been hacked off more than a quarter of a million dollars which resembles 44,427.4302 EOS. A few months ago, EOS was voted the number one cryptocurrency by the Chinese government crypto ratings. EOS has been praised for “outstanding technical advantages in transaction confirmation efficiency, network throughput, and transaction costs” of the protocol. However, the researchers warned that “due to its short…

The launch of the long-awaited Tezos mainnet has been announced by the company over twitter. The Tezos Foundation tweeted the news yesterday (September 14th) stating that Monday (September 17th) will mark the launch day for the company’s mainnet. Have a great weekend, everyone, because mainnet arrives Monday! — Tezos Foundation (@TezosFoundation) September 14, 2018 The Switzerland-based firm’s mainnet launch has been expected for almost a year with early predictions estimating…

Even though the crypto markets have seen a quite significant rebound yesterday, with most notably ethereum jumping by over 12 percent, the whole market has touched its yearly low this week. Bitcoin has shed more than 60 percent of its value but that pales in comparison to most other coins, like XRP that plummeted over 90 percent from its heights at the turn of the year. A number of punters…

Paris Saint-Germain (PSG), the defending French champion and one of the wealthiest football clubs worldwide, is considering to release its own cryptocurrency as a way to increase fan participation on a global scale. Despite being the only team from the capital in the French top division, PSG have struggled for most of their recent history. However, their fortunes quickly changed with the arrival of new owners Qatar Sports Investments group…

The Winklevoss twins, formerly of Facebook fame but now more well-known as the founders of the cryptocurrency exchange Gemini, have now seemingly received approval from New York authorities to launch the ”Gemini dollar” stablecoin. According to a Medium post published by Gemini, the Gemini dollar will be developed on the Ethereum network, will follow the ERC20 token standard, and will be pegged 1:1 to the US dollar. Most notably, however,…

According to a recent study, most of the cryptocurrencies are not used enough. Only 27 cryptocurrency tokens have more than 400 or more active users in a 24-hour period. Toshi Times covered a story a few weeks ago where the researcher, Kevin Rooke, claimed that Ethereum and EOS combined only supported eight decentralised applications (DApps) with more than 400 active daily users. Rooke’s data was compiled using DappRadar, and he…

Computing and software stalwart IBM has announced the launch of its new blockchain-based venture – a payments platform, dubbed IBM Blockchain World Wire. The brand new solution is powered by the Stellar blockchain, which is the 6th-biggest virtual currency as of press time. World Wire is a financial instrument aimed at institutional investors that, “can simultaneously clear and settle cross-border payments in near real-time.” According to the website, using World…