Most blockchains still have a single-tiered network where the wallet and server are one in the same at the core level. The original NEM architecture was one of the first to efficiently design and utilize a two-tiered network. Project Catapult is the first ever announced network using Three. The lead developer working on Catapult told that; older blockchains scale linearly, one server serves only a certain amount of clients.
Bitcoin Cash trading is now live on Bitstamp which is one of the most popular cryptocurrency exchanges in world. It is being referred to as Bcash on their website and the entire crypto twitter cannot help but take jibe at the Bitstamp statement “..to help avoid confusion between Bitcoin and Bitcoin Cash, please note that we refer to Bitcoin Cash as “Bcash (BCH)” on our platform.” To kick things off, Bistamp will not be charging any fee until 31st of December 2017.
Monaco tokens are now being traded on five new new crypto currency exchanges which includes BigOne, EXX, Huobi, OkEx and Upbit. This will increase the liquidity and access of the Monaco’s MCO token to more than 5 million new users. The Monaco token is already being traded on Bittrex, Binance, EtherDelta, Liqui, Livecoin, and YoBit. You can already trade, deposit and withdraw Monaco tokens on the new exchanges.
PivX Core wallet v3.0.6 has been released that brings myriad bug fixes and stability enhancements. While it is not a mandatory upgrade if you are already running 3.0.5.1 but is recommended to upgrade to keep everything up to date with core updates. Several users were complaining about wallet syncing problems and this update is meant to solve those issues. How to Update to this version? First, gracefully exit/stop the current wallet from the wallet. (File – Exit or ./pivx-cli stop).
If you are doing a lot of withdraw on Bittrex, you may come across this error “Basic account withdraw limit has been reached. Please try again in 24 hours. To increase your limits, please verify your account to the Enhanced level”. Let us explain why this error occurs. If you sign up on bittrex, you can get basic verification done by submit their name, address, and birth date. This is generally done instantly. Bittrex verify this through public records. If bittrex can verify you through public records, bittrex will accept your application for a basic account. If that fails as well, bittrex will need to proceed to an enhanced verification.
Bitcoin is often criticized for being slow and lethargic. These days it takes upwards of 4 hours to receive funds, especially if you go for lower transaction fees, which too are in range of $5 or more. If you choose to deliver funds faster, which is still around 30 minutes or so, you will have to pay hefty $10 or higher. This is because of tough competition from Bitcoin Cash which sometimes becomes more profitable to mine than Bitcoin. BTC Lite, unlike bitcoin, runs on Ethereum blockchain which is much more efficient.
Bittex is the most popular cryptocurrency exchange out there. The exchange is now pushing some updates regarding placing orders. They justify the changes for showing their ‘commitment’ to providing fair and efficient price discovery. They feel that these changes will improve overall trading experience on their markets. Effective today, Bittex will remove orders that are older than 28 days. Many orders have no reasonable expectation of being filled and clog the order books. So this is a good idea.
Monero team has released 0.11.1.0 and is a part of their mandatory 0.11 update. This major release increased minimum ring signature size to 5 across network and banned duplicate ring members in ring signature. Monero team has been hyper-active over the past few weeks in tweaking the most of it. These updates bring strength and confidence in the entire community. This new release brings myriad enhancements to Monero. Complete changelog is given below. Download links are given at bottom of this post.
The names of Bitfinex and Tether founders, Giancarlo Devasini and Philip Potter in Paradise papers may come as surprise to many. This massive leak has list of 120,000 companies and people who have taken services of offshore service providers operating in tax havens. These Paradise papers say that Appleby helped Philip Potter and Giancarlo Devasini in setting up Tether in British Virgin Island back in 2014. This leak is the world’s second bigger data leak which is shadowed only by Panama Papers leak that happened in 2016.
Looks like India is brimming with fake / scam projects and ICOs. Meet the Obizcoin, which is currently doing a pre-ICO to scam and take money of innocent people. This cryptocurrency scam is being carried out by an Indian duo who live in Pune, a city in India. Rupal Agarwal, listed as the founder has never done a single blockchain related work in her life and same can be said about the second founder, Varun Shah, who completed his education in 2010. He has no experience in computers.