Archived Posts
IOTA Prepares for Chrysalis Upgrade to Attain 1,000TPS
IOTA network is getting ready to roll out the initial phase of Chrysalis, also referred to as IOTA 1.50, on its mainnet in a week. As per a tweet published by IOTA Foundation, the overhaul will permit the network to handle 1,000 transactions per second while confirming transactions within 10 seconds. In June, the foundation Read more...
KEB Hana Bank, a leading commercial bank in South Korea, has entered into a deal with the Korea Expressway Corporation, a government aided highway firm, to introduce blockchain powered toll payment platform throughout the country’s highways. As per D Daily, the venture is anticipated to roll out before the end of 2020. The platform will Read more...
Can China Continue to Dominate Bitcoin Mining?
In a blog post, Cypherpunk Jameson Lopp has stated that China’s superiority in Bitcoin mining may not continue forever as several semiconductor chips are being created with focus on mining. Lopp pointed out that China has a near monopoly on Bitcoin mining because most of the mining chip manufacturers are located in Asia where power Read more...
China Could Set New Record in Number of Blockchain Firms Established this Year, Despite Covid-19
LongHash, blockchain focused crypto data provider, has tweeted that China’s blockchain industry has recorded exponential growth in 2020, despite Covid-19 pandemic. Specifically, the company has stated that more than 10,000 blockchain firms have been set up between January and July. The report also mentions that the number of blockchain focused firms setup this year in Read more...
Cross-chain data oracle rack Band Protocol has declared that its native crypto BAND token is now listed on Huobi Global exchange. The company explained that buying and selling of BAND token will begin on August 10. Huobi will back BAND/US dollar, BAND/ETH and BAND/BTC trading pairs. Furthermore, the company said that deposits are being accepted Read more...
Kava Labs has entered into a partnership with BNB48, a leading group dedicated to assist Binance community and huge quantity holders of BNB token. Kava, which offers multi-chain DeFi lending platform, stated that BNB48 will function as a technical consultant for the Kava community and offer a range of services, including professional product evaluation and Read more...
The price of Chainlink (LINK) token hit a new historical high of $13.88 on Binance exchange earlier today, reflecting a gain of 52% or $9.05 in the past 24 hours. As the decentralized finance (DeFi) linked token continues to surge, its contender Band Protocol (BAND), which also runs a mesh of oracles, appreciated sharply by Read more...
EVShare, an energy and transportation sector focused company, has begun the trial of a community energy sharing program in Los Angeles. The venture, backed by $20 million in partner financing and $9 million award from the California Energy Commission, has now completed the preliminary work to trial the blockchain powered application for administering a local Read more...
Bitcoin’s Market Dominance Shrinks to 59.9%
Bullishness in the cryptocurrency market has brought down the dominance factor of Bitcoin (BTC) to a yearly low of 59.9% against altcoins, with the overall market cap rising to $356.62 billion. In mid-May, the dominance factor of Bitcoin stood at 67%, down from 69.9% in September 2019. It is the highest level since Q1 2017. Read more...
