Ethereum 

Hubii’s Nahmii Announces IEO and First Member of Governing Board

Ethereum-based layer-two blockchain scaling platform nahmii has onboarded the Norwegian Block Exchange (NBX) as the first member of its governing association, according to a press release shared with Cointelegraph on Aug. 16. Created by Hubii, nahmii is designed to solve the transaction speed issue on the Ethereum network, which can reportedly manage only 15 transactions per second. This, the release notes, makes Ethereum unsuitable for large-scale commercial deployment. Explaining the principle behind its solution, nahmii said: “Nahmii fixes that by moving transactions away from the main chain to a second…

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Ethereum 

IOHK CEO Charles Hoskinson Announces Upcoming Release of Cardano v1.6

Charles Hoskinson, a former CEO of the Ethereum Network and current CEO of IOHK, has announced that IOHK-supported project Cardano is rolling out version 1.6 within a few days’ time. Hoskinson teased the upcoming launch in a Twitter post on Aug. 13. Hoskinson also asked users to send screenshots and comments on the latest version of Daedalus, which is an open source cryptocurrency wallet also backed by IOHK. As per IOHK’s website, Cardano is a blockchain platform that uses the proof of stake algorithm Ouroboros. Its native cryptocurrency, ADA, is…

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Bitcoin 

BitMart Announces Investment From China-Based VC Firm Fenbushi Capital

Digital assets trading platform BitMart has reportedly secured “millions of investment” from Chinese blockchain-focused venture capital firm Fenbushi Capital. BitMart announced the news on Aug. 7. To bring transparency to the global economy With the investment, BitMart has joined over 50 international blockchain projects Fenbushi has invested in, aiming to achieve more transparency and efficiency in the global economy. Sheldon Xia, founder and CEO of BitMart, said: “The strategic collaboration with Fenbushi Capital and Bitrise Capital will undoubtedly help to establish a more open and transparent capital raising ecosystem for…

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Ethereum 

Truffle Announces Upcoming Dev Support for Corda, Hyperledger Fabric, Tezos

Blockchain development company Truffle has unveiled plans to expand its fully managed developer suite to include support for the blockchain protocols Corda, Hyperledger Fabric and Tezos. Truffle founder and CEO Tim Coulter announced the company’s plans at TruffleCon 2019 — Truffle’s annual dev conference — on Microsoft’s campus in Redmond, Washington. Coulter commented on how he thinks these tools will pave the way for collaboration via interoperability, saying: “We are empowering developers to build enterprise-grade solutions on any network of their choosing, creating a path for future cross-network collaboration.” According…

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Bitcoin 

Lightning Network Dev Announces Alpha Version of Node Monitoring Tool

The Lightning Network, a second-layer blockchain protocol designed to provide high-speed transactions for Bitcoin and other networks, has a new node monitoring tool. According to an official blog post, written by software developer Valentine Wallace on July 24, Lightning Labs has released an open source “drop-in, dockerized monitoring solution” for alpha testing called lndmon. One of the main goals of this new tool is to provide a way to prevent certain network issues before they manifest. According to the announcement, there were problems with the peer-to-peer network this year that…

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Cryptocurrency 

Swedish Crypto Exchange QuickBit Announces User Data Breach

Database issues at the Swedish digital currency exchange QuickBit resulted in a breach of sensitive user data, according to an official announcement published on July 22. In the announcement, QuickBit revealed that personal data such as names, addresses, email addresses and card information of 2% of its customers was exposed. QuickBit said that no passwords or social security numbers, complete account or credit card information, cryptocurrency or private keys, or financial transactions were exposed or affected. QuickBit initially published its suspicions about the data incident on July 19, stating that…

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Bitcoin 

IBM Announces New Multicloud Update to Blockchain

IBM has announced upgrades to its Blockchain Platform, according to a report by Ledger Insights on June 18. The new IBM Blockchain Platform will reportedly be able to run on multiple cloud networks, such as major tech corporation Microsoft’s Azure or Amazon Web Services (AWS). This is apparently the main upgrade over its previous iteration, which was available solely through IBM’s cloud. The multicloud platform will be available via Kubernetes, a container program that will reportedly allow users to scale their blockchain networks as needed. One of the main upshots…

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Ethereum 

Bitfinex Announces Support for OKEx Exchange Token

Cryptocurrency exchange Bitfinex is now listing two tokens from the exchange OKEx: its native utility token OKB and the stablecoin USDK, according to a press release on June 12. Bitfinex will offer trading pairs with the new tokens and other significant fiat and digital currencies like U.S. dollars, bitcoin (BTC), EOS, tether (USDT) and ether (ETH). The native utility token OKB is designed to let OKEx users carry out a variety of functions on the exchange, including settlement of trading fees, the ability to construct a partner exchange, and subscription…

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