Ethereum 

Aztec Introduces Privacy Network on Ethereum Blockchain

Over the years, the Ethereum network has slowly but surely grown into one of the most influential blockchain networks in the industry. Over the years, plenty of institutions have established their proprietary networks on the Ethereum blockchain, and that is one of the major reasons behind this blockchain network. In a new development that will come as a major boost for ETH fans, it has emerged that Aztec has decided to establish its private network on Ethereum. The network in question is supposedly going to provide a cost-effective solution to…

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Ethereum 

Ripple Eyes Aggressive Expansion of Payments Network This Year

XRP has now firmly established itself as the world’s third-biggest cryptocurrency, and Ripple, the company that holds the highest number of those tokens, has grown at a steady pace as well. The company has managed slowly but surely to build up its payments network, and that is definitely good news for XRP investors. In a new development, the San Francisco-based fintech company revealed that it is going to expand its payment network considerably in 2020. More importantly, the company revealed that it is going to help businesses and individuals with…

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Cryptocurrency 

Square Wins US Patent for Fiat-to-Crypto Payments Network

Square, the payment services provider founded and run by Twitter’s Jack Dorsey, has won a US patent to launch a new network that enables crypto-to-fiat transactions. Square was founded in 2009 by Jack Dorsey and Jim McKelvey in their hometown of St. Louis, around the same time as Dorsey’s other company, Twitter (NYSE:TWTR), was beginning to take off. In the intervening year, Square’s white payment terminals have become synonymous with the advent of contactless payment. The new patent covers a payment system that allows users holding different assets to transact with…

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Ethereum 

Ethereum Network Overcomes Malicious New Year’s Eve Attack

The Ethereum Network was the target of a coordinated attack in recent days, affecting client platform Parity, which threatened to cause significant downtime. Malicious Attack to Undermine Ethereum Network The attack began on December 30 when invalid blocks were sent to the network, which caused node operators using the Parity client, which handles over $50 billion USD in assets and underpins some of the most ambitious projects on the Ethereum blockchain. The invalid blocks caused the node operators using the Parity client to lose sync with the network. Sergio Demian…

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Ethereum 

Binance to Support Upgraded Ethereum Network Muir Glacier

When it comes to the crypto space, it should be noted that much of the progress that has been seen is primarily due to the existence of crypto exchanges, and perhaps the most influential among those is Binance. In a new development, the exchange has announced that Ethereum withdrawals and deposits are going to be suspended in order to complete an upgrade on the ETH network. Key Details The Ethereum network recently announced that there is going to be a Muir Glacier upgrade, and owing to that, Binance will update…

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Blockchain 

Matic Network (MATIC) Slumps After Rallying Earlier This Year

The growth of the cryptocurrency space saw the launch of a wide range of tokens over the past few years, and one of the tokens that has been in the news over the past few months is the one belonging to the Matic Network (MATIC). Down 75% in the Past Two Days The token rose dramatically since the end of September and rocketed by as much as 300% as more and more investors bought into the project. However, the token’s downward spiral commenced just as quickly over the past few…

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Blockchain 

Bitcoin Wallet Supporting the Lightning Network

Well, that was fast. ‘Eclair’ – the first Bitcoin wallet supporting the Lightning Network, has been removed from the Google Play store, mere days after being added. Not long ago, on April 4th, a French tech company called ACINQ added the first mobile wallet that allowed for Bitcoin transactions via the Lightning Network. The app was available through the Google Play store for Android devices fitted with the operating system version 5.0 and higher. Several days later, on April 7th, the company tweeted they had lost the signing key for the…

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Blockchain 

Telegram to Launch Its Telegram Open Network (TON) in October

Telegram has indicated that the Telegram Open Network (TON) could launch at the end of this month. On Wednesday, in an email to TON investors, the firm indicated that the launch is on track as planned earlier. TON Could Be Ready by October 16 The CTO of TON Labs, Mitja Goroshevsky, confirmed the information indicating that TON Labs will be responsible for running and managing the validation pool. TON Labs is a startup tasked with the responsibility of creating tools for TON developers. Investors will receive the TON key generation…

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Blockchain 

$6.4 Milllion USD Worth of FSN Tokens Stolen in Fusion Network Hack

Fusion Network, a blockchain-based stablecoin exchange, has announced that $6.4 million USD worth of FSN tokens have been taken from a compromised wallet. The foundation in charge of the network revealed the theft in a blog post on Saturday, September 28. The post stated that one of the network’s wallets, containing 10 million of the Fusion Network’s native FSN tokens and 3.5 million ERC-20 FSN tokens had been emptied. The blog post went on to suggest that the theft may have been an inside job: “There is uncertain evidence showing that theft…

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Blockchain 

Ripple’s Xpring Acquires Logos Network to Build XRP DeFi Products

San Francisco-based crypto startup Ripple has acquired Logos Network, a payment platform, to help in developing decentralized financial products. Ripple is the firm behind XRP, which is the third-largest cryptocurrency. Xpring Growing Its Team The investment arm of the company, Xpring initiative, has already brought on board the Logos Network. Logos Network is a blockchain-based payment platform focused on scalability and speed. With the acquisition of the platform, Xpring will now have an additional nine engineers on its team. Xpring will now have a team of 32 members, quite the leap…

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