Tag: BlockOne

Blockchain Bites: BlockFi Hacked, Block.one Sued, BitMEX Down

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Today, BlockFi disclosed a SIM-swapping attack that revealed personal information related to a large swath of the firm’s clients. While customer funds are secure, BlockFi said, their names and addresses were compromised along with their activity histories. This security breach comes on the heels of a cryptojacking exploit targeting European supercomputers researching COVID-19. Elsewhere, class-action lawsuits have been brought against Block.one and chip-maker Nvidia, while the little-known firm BMA is suing BitMEX for allegedly orchestrating the largest financial crime in American history. Here’s the story: You’re reading Blockchain Bites, the daily…

Another Class Action Against Block.​One Alleges Dirty Dealings During EOS ICO

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Per a May 18 complaint, more investors are looking to recoup funds invested in the record-breaking initial coin offering for EOS — which netted a total of $4 billion in cryptocurrency. Lawyers for the plaintiffs are calling over $200 million of that money illegally raised.  Conflict with U.S. securities law and investors The complaint alleges that EOS was an unregistered security offering by block.one. Block.one is the development firm that spearheaded the ICO for EOS, which many saw as a form of investment in the company.  Language in the purchase…

Block.one Awarded Patent for DLT-Based Social Media Bidding System

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Block.one, the company behind the EOSIO protocol (EOS), has been awarded a patent for a blockchain-based bidding system for promotional exposure tied to popular social media posts. The U.S. Patent and Trademark Office approved the patent on April 28. Block.one filed with the office during May 2019. The patent, which Block.one describes as means to incentivize positive feedback contributions among a social media community, describes a system where bidders can compete to have their profile displayed in a prime position on trending posts. “One way that posts achieve influence is…

Block.one Invests $50,000 Into Blockchain-Based COVID-19 Testing App

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Block.one, the company behind EOSIO (EOS), issued a $50,000 grant to Genobank for its open-source app on April 29. The grant is designed to facilitate anonymous access to COVID-19 testing. Genobank announced at the start of April that its app, Agerona, was being developed alongside the Eos-based blockchain platform, Telos. Block.one issued the grant in partnership with its venture capital wing, EOS VC, and German fintech incubator, FinLab EOS VC. Block.one invests in Eos-based COVID-19 testing app Agerona connects users anonymously with test suppliers in their country. Tests contain unique…

Block.one Launches ‘Coding for Change’ Virtual Hackathon

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Blockchain software publisher, Block.one, announced on April 24 that the EOSIO Virtual Hackathon “Coding for Change” will officially launch on May 1, 2020. The primary purpose of the virtual hackathon, which will last until June 1, 2020, is to collect blockchain-based solutions that help solve new challenges in the post-pandemic world. The organizing company highlights that these types of initiatives are intended to serve as support for those communities that have been affected by the COVID-19 crisis. The belief is that blockchain technology will play an essential role in providing…

Far From Feeling Threatened, EOS Community Wants Block.One to Get Involved

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In an unprecedented move, Block.One announced on April 8 that it would begin voting for block producers, or BPs. This marks a clear change in the company’s policies, which previously went to great lengths to dissociate itself from EOS.  Block.One’s stake amounts to slightly less than 10% of all EOS, which makes it the single largest stakeholder in the ecosystem. This gives it vast, though by no means unlimited, power when choosing block producers.  But unlike some other blockchains like Steem, where the relationship between the community and the founding…

Block.one Will Vote With Its EOS in Clear Break From Previous Cautiousness

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Block.one, the company that developed the backend of the EOS network, is now taking a much more active role in it. Its stake of EOS tokens, previously left unused, will be used to vote for block producers (BP), according to an April 8 announcement. The EOS network runs on EOSIO, a blockchain technology stack that Block.one also sells as an enterprise solution. The public network uses a form of distributed Proof-of-Stake consensus (dPoS), where blocks are created by entities voted by all stakeholders.  Block.one also holds a stake of EOS…

Block.one Hires Team Behind Prominent Block Producer EOS New York

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EOSIO developer Block.one has recruited the team behind EOS New York (NY), a high-profile Block Producer on the EOS network.  Founded in 2017, EOS NY was a one-time #1 Block Producer on EOS, but has now ceased its operations, an announcement on March 25 revealed. Speaking to Cointelegraph, EOS NY founder Kevin Rose said: “We are deeply grateful for the way the community has embraced our team over these past few years. EOS NY was shut down prior to our joining Block.one, and EOS NY was not part of our…

Block.one Invest $150 Million Into Voice, But Privacy Concerns Linger

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Block.one — the company behind EOSIO (EOS), has injected $150 million into its controversial blockchain-based social media network, Voice. Announced on March 26, the investment comprises $50 million in intellectual property assets and $100 million. The injection is intended to give Voice the resources needed to operate independently from Block.One. Voice is in closed beta Voice is currently in closed beta testing and is exclusively available to U.S. users. The platform is built on top of the EOSIO protocol. Users must verify their identity to use the platform, after which…

Block.one Puts $200,000 Up for Grabs in Puzzle Smart Contract Challenge

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Block.one announced a smart contract blockchain puzzle, touting a $200,000 prize for whoever figures it out.  “In this challenge, participants must create an EOSIO Smart Contract which can store and invoke EVM (Solidity) Smart Contracts in a virtual Ethereum-like environment,” a Feb. 3 announcement on EOSIO’s DevPost detailed.  EOSIO platform Built by a company known as Block.one, the EOSIO blockchain hosts the EOS crypto asset. As a delegated proof-of-stake blockchain touting smart contracts, developers can build decentralized applications on EOSIO. The competition will expire in one year if no one…