Day: May 15, 2019

Luxury Fashion Brand Alyx to Use Iota’s DLT for Supply Chain Tracking

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Luxury fashion brand Alyx intends to use Iota’s distributed ledger technology (DLT) for supply chain tracking, cryptocurrency news outlet The Block reports on May 15. Per the report, Iota’s system will be implemented in partnership with global manufacturing company Avery Dennison to allow Alyx’s customers to have full insight into their supply chain. By scanning QR codes with an app, it will reportedly be possible to track the course traveled by the item from its creation to the point of sale. The Block claims that data concerning the apparel’s production…

Monero offers near total anonymity

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Bitcoin’s share of the cryptocurrency market is sliding, with a host of alternative digital coins gaining ground as developers race to create digital cash that can gain a footing in mainstream commerce and finance. As these “altcoins” grow in prominence, Reuters is publishing a series of stories that examines the features and characteristics of some of the alternatives to bitcoin that have grabbed the attention of developers, investors and regulators. The first in this series looks at Monero – referred to as a privacy coin because it allows users to…

ConsenSys-Backed Kaleido Launches B2B Tech Stack With ‘Plug-and-Play’ Features

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Kaleido has launched a new business-to-business (B2B) tech stack with a view to helping companies “reinvent their core payment systems and supply chains,” according to a news release obtained by Cointelegraph on May 15. The ConsenSys-backed company said the stack brings together the necessary tools and technologies that businesses need to build modern networks delivering operational improvements and new revenue streams. According to Kaleido, businesses that use its platform will easily be able to digitize assets by issuing custom tokens. Other features, including an asset registry, document store and app-to-app…

Binance Confirms Trading Relaunch for May 15 as Upgrade Completes

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Cryptocurrency exchange Binance has confirmed it has completed a major system upgrade and will relaunch its trading platform at 13:00 UTC on May 15. Binance, which lost over 7,000 BTC (at the time $41 million) in a hack earlier this month, froze deposits and withdrawals altogether before a limited return to operations this week. A subsequent notice stated developers would shut down functionality in full for a period of up to eight hours on Wednesday, beginning at 03:00 UTC. Little details were available about the work, which completed as scheduled.…

Bitcoin Cash Hard Fork Complete: Summary of Upgrades and Changes

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The long-awaited bi-annual hard fork on Bitcoin Cash (BCH) has been rolled out as of 15 May 2019. Schnorr signatures and recovery from SegWit addresses are the biggest takeaways from the hard fork.  Network Upgraded Bitcoin Cash’s network has finally rolled out its long-awaited upgrade; the BCH network hard forks every six months to keep up to date with security and implement new features in their protocol. This upgrade was a major reason for Bitcoin Satoshi’s Vision (BSV) forking off from BCH as they didn’t agree with the implementation of…

Crypto Exchange Binance Restarting Services After Post-Hack Upgrade

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Cryptocurrency exchange Binance has announced that it is back online after completing a security upgrade prompted by a recent hack. Kicking off at 03:00 UTC Wednesday, the upgrade meant that all services were suspended during this period, according to a Binance support message. A two-hour extension to the upgrade was announced this morning as some tasks took “longer than expected.” Following the upgrade, Binance published an update saying that trading will recommence at 13:00 UTC.  Users can now cancel open orders and process deposits, while withdrawals “will be available shortly after…

US Regulator Joins Canada in Fining Blockchain Firm CEO for Securities Act Violation

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Blockchain entrepreneur Alex Tapscott has been fined $25,000 by the United States Securities and Exchange Commission (SEC,) according to a filing on May 14. Tapscott is the CEO of NextBlock Global, and in the filing, the SEC said neither the Canadian company nor its securities had ever been registered with the commission. The 33-year-old and his company have also been ordered to cease and desist from committing further violations of the Securities Act. According to the SEC, NextBlock was founded by Tapscott and three others in June 2017 for the purpose of investing…

CTO Was Fired for Bribery and Theft, Says Justin Sun

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By CCN: Earlier this week the Chief Technical Officer of TRON (TRX) announced his departure from the project. Lucien Chen, who had been with TRON since 2017, laid out a three-point explanation of why ‘TRON is no longer TRON’: But in the days following his announcement, TRON PR sprung into action. According to official TRON representatives, Lucien Chen was actually fired months ago, in January 2019. The reason: “Suspicion of misappropriation of funds, bribery, competitive infringement, and theft of trade secrets and intellectual property.” CEO and founder, Justin Sun, lent…

Opera Web Browser Crypto Wallet Launches Support for Tron, TRC-Standard Tokens

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Web browser Opera has added support for tron (TRX) and TRC-standard tokens to its built-in crypto wallet, according to a press release shared with Cointelegraph on May 15. Last year, Opera first developed crypto wallet and Web 3.0 capabilities for its Android browser, launching the product in December 2018 with support for ether (ETH) and interactions with decentralized applications (DApps). “Web 3” is a term that was initially coined to refer to efforts to develop a semantic internet, and is increasingly used to refer to the evolution of a more…

RIF Labs Launches 3rd-Layer Scalability Solution Capable of Processing Up to 5K TPS

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RIF Labs — owner of bitcoin-based smart contract sidechain Rootstock (RSK) developer RSK Labs — has launched a third-layer scalability solution capable of processing up to 5,000 transactions per second. The news was revealed in a press release from RIF News on May 14. As reported, RSK Labs and its decentralized app (DApp) infrastructure protocols RIF OS began as a spin-off from Rootstock, having been initially launched by several senior executives from the latter’s creator — the startup RSK Labs. The two structures became fully integrated when RIF Labs acquired…