Over 1000 Crypto Projects Are Considered ‘Dead’ Now

More than a thousand of crypto projects are “already dead” as of June 30, 2018, according to a recent TechCrunch report. The news outlet has based its claim on data from two websites: Coinopsy and DeadCoins. Coinopsy provides daily reviews of various cryptocurrencies, including ones that are already “dead.” It defines a “dead” token as …

Floods in China Heavily Damage Major Crypto Mining Operation

Recent floods in the Sichuan province of China have reportedly resulted in heavy damage to a major cryptocurrency mining operation in the area. The news was published on a local blockchain and crypto information platform Golden Finance (金色财经) June 30. Ecns, the official English-language outlet of the China News Service (CNS), has reported that Sichuan …

Recently Found Double Spending Vulnerability Is Not Tether’s Own, SlowMist Confirms

China-based cybersecurity firm SlowMist has confirmed that a recent double-spending vulnerability it found in Tether (USDT) is not inherent to the cryptocurrency itself. Instead, it is enabled by some crypto exchanges’ databases not strictly verifying the status of the “valid” parameter of incoming USDT transactions. SlowMist explained this in a comment to its own Tweet …

Huobi and JD Cloud Sign Cooperation Agreement to Develop Blockchain and Cloud Computing

JD Cloud, a subsidiary of China’s largest online retailer JD Group, has partnered with digital currency exchange Huobi to explore blockchain technology applications and cloud computing, according to a press release published June 28. According to the press release, the companies have signed a strategic cooperation agreement to jointly explore some key blockchain application scenarios …

MultiPoS Consensus Blockchain Platform to Offer ‘Simple and Transparent’ Reward Distribution for Forging

A MultiPoS consensus blockchain and decentralized real-time application platform has revealed how it plans to move away from mining technology in favor of forging — arguing that a multi proof-of-stake method is more effective and rational for its users. #MetaHash says forging does not require expensive hardware that’s packed with computational power, which is one …

Blockchain.com Introduces Institutional Investment Platform

UK-based crypto data supplier and cryptocurrency wallet Blockchain.com has recently launched a comprehensive institutional platform Blockchain Principal Strategies (BPS), according to a blog post today, June 28. Blockchain.com claims the new platform will provide secure and “unparalleled” access to markets, services, and research for institutions, family businesses, and retail investors. Blockchain.com co-founder Peter Smith commented …

Korea’s Kakao Corp. Considers Private Placement to Raise Funds for Blockchain Subsidiary

South Korea’s messaging app operator Kakao Corp. is considering offering a private placement to attract investors to develop their blockchain subsidiary, Bloomberg reports today, June 28. Kakao Corporation’s blockchain initiative, the Tokyo-based Ground X, was announced at the end of March as part of the messaging app operator’s new Kakao 3.0 business plan aimed at …