Day: June 29, 2020

IOTA Rolls Out Pollen Release — Its First Fully Decentralized Network – Blockchain News, Opinion, TV and Jobs

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A non-profit foundation focused on distributed ledger technology (DLT) and open-source ecosystem development, the IOTA Foundation, has released the next iteration of its testnet for a fully decentralized network. Called Pollen, the release allows developers and enthusiasts to test the capabilities of a fully decentralized IOTA network for the first time. “The community has always been an important part of IOTA’s development. With this release, we look forward to allowing our research and developer community, along with others to test out and validate the Coordicide components. We look forward to…

London Chelsea Limited Partners With Solidblock To Digitally Raise Financing For London Digital Bond — A Single-family Property Fund Will Be Financed Through Blockchain-based Securities For The First Time Globally

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For the first time in history,  a single-family property fund will be financed through blockchain-based securities. UK investment company London Chelsea Limited is partnering with SolidBlock, a digital securities issuance and trading platform, to raise financing for London Digital Bond, a new fund that invests in prime residential real estate. “We are creating a digital age financial instrument that provides the stability and upside potential of prime London residential properties, combined with the flexibility of trading on a top digital securities platform,” said Yael Tamar, co-founder of SolidBlock. SolidBlock will…

Things You May Not Know About Cryptocurrencies – Blockchain News, Opinion, TV and Jobs

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On May 22, 2010, a programmer purchased two large Papa John’s pizzas for 10,000 bitcoins which was worth about $30 at the time.  Less than a decade later, on 17 December 2017,  a single bitcoin was priced at $19,891.00, meaning 10,000 bitcoin would get you over 13 million pizzas and was worth close to $200 million dollars. It’s widely believed the pizzas were the first purchase of a product with bitcoin, proving the then-nascent cryptocurrency’s potential as a means of payment. Bitcoin and some 4000 other cryptocurrencies today are now…

Security Flaw in Balancer Pools Leads to Massive $450K Crypto Hack

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Automated market maker protocol Balancer lost over $450,000 in a hacking incident on Sunday. The firm’s co-founder and CTO, Mike McDonald, confirmed that hackers drained at least two of their pools that contained deflationary tokens STA and STONK. He admitted that hackers exploited security vulnerabilities in those tokens to trick their pools into selling them Ether, WBTC, LINK, and SNX at cheaper rates. Two pools on Balancer, an automated market maker protocol, lost more than $450,000 to a hacking incident that mainly attacked deflationary tokens. Mike McDonald, the co-founder &…

An Analysis of Global Cryptocurrency Regulations – Blockchain News, Opinion, TV and Jobs

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It’s been more than ten years since cryptocurrencies entered the market, but they still have not seen the traction they deserve or was expected of Satoshi Nakamoto’s amazing gift to the world… and that’s partly because there are many nations that consider tokens as an illegal currency. Cryptocurrencies have reached the international level with the help of the blockchain network, but it still needs credibility and acceptance to be used in the government institutions. The trade market and the financial standing of all the nations keep changing and this makes…