Ava Labs is using Team Rocket’s Avalanche protocol, a newer consensus algorithm, to power its own blockchain network. The Ava blockchain boasts “an interoperable framework” that allows nodes to utilize different features.
OneCoin, whose leaders have been indicted on wire and securities fraud as well as money laundering, took umbrage with a recent report by the Central Bank of Samoa calling the crypto project a “hybrid ponzi-pyramid scheme.”
Research firm Chainalysis reports that one-third of the total Ether supply is held by 376 people.
Though rumors have been swirling for a year, Hard Fork this week confirmed that the blockchain startups have dissolved their offices in the UK. RepuX, a data-sharing project, made a hearty $4.7 million off its ICO last March, while gambling coin JoyToken took in $3.3 million.
Earlier this week, a bug was found in MakerDAO’s voting contracts that could have moved user tokens and locked them in voting contracts. Luckily, the issue was caught before malicious actors took advantage.
Boston-based asset manager Fidelity announced it would start offering over-the-counter trades for bitcoin in the coming weeks.
A breakdown of how the XRP stablecoin performed during the first three months of 2019, significant events for Ripple, and what can be expected during the the next three months.
In an affidavit containing the subheading “Tether Holders Are Not at Risk,” Stuart Hoegner, a lawyer representing Tether, admits that the company only has the fiat reserves to back about 74 percent of its coins. However, Zoe Phillips, another attorney representing Tether, claims the platform does not need to back every token it issues.
In early April, hackers attacked Microsoft Outlook email accounts and gained access to users’ metadata and content. However, several victims have come forward, claiming their crypto was stolen as well.
According to data from CoinMarketCap, the allegations brought against Bitfinex by the New York attorney general’s office seem to have affected Tether’s backing by the US dollar and caused massive sell-offs of ETH and XRP.