Block.one Vows to Use its EOS Tokens to Prevent Voting Cartels

When cryptocurrency development firm Block.one concluded its initial coin offering (ICO) and released the first version of the EOSIO software, it didn’t just raise a record ~$4 billion in crowdfunded contributions — it also received 100 million of the 1 billion EOS tokens distributed through the network’s Genesis block. Now, the well-funded blockchain startup is

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Crypto Giant Circle Lists EOS, Stellar, 0x and Qtum

Circle has announced the addition of four new digital assets to the Circle Invest platform, bringing the total number of listed cryptocurrencies on the platform to 11. Announcing the news in a blog post, Circle revealed the new additions to be EOS, Stellar, 0x and Qtum. Circle further revealed that the four assets can be

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Hackers Nab $58,000 from Cryptocurrency Exchange by Trading Fake EOS Tokens

Hackers were able to steal nearly $58,000 worth of cryptocurrency from the Newdex exchange by exploiting a vulnerability in the exchange, according to TheNextWeb. The hackers flooded the Newdex exchange with fake EOS tokens they created themselves to buy ADD, BLACK and IQ tokens from the centralized platform. Newdex acknowledged that an EOS account issued 1

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Ethereum DApp Bancor is Building a Bridge to the EOS Network

Bancor, a decentralized cryptocurrency exchange (DEX) protocol and one of the most popular decentralized applications (dApps) on the Ethereum network, has announced that it will bring trustless token trading to the recently-launched EOS blockchain. Israel-based block producer and Bancor partner LiquidEOS made the announcement — which has since been heavily edited — on Monday. Funded

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$414 Billion Alibaba’s Jack Ma: Blockchain Needs to Target Manufacturing Industry

At World AI Conference 2018, Jack Ma, the co-founder and chairman of $414 billion e-commerce conglomerate Alibaba, stated that artificial intelligence (AI), blockchain, and Internet of Things (IoT) can all become meaningless if they fail to target the manufacturing industry. “AI, Blockchain and IoT will be meaningless tech unless they can promote the transformation of

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Two EOS Gambling Platforms Fall Prey to $260,000 Hack

Smart contracts on two EOS gambling platforms have been hacked in the last four days to the tune of more than a quarter of a million dollars, with another platform paying out $600,000 to one user in an unusual-looking jackpot which EOSBet insists was simply luck. DEOSGames Hacked — $24,000 Stolen We are back up

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Bitcoin Price Stable at $6,300 But Crypto Market en Route to 2018 Low

On September 10, Bitcoin experienced an unforeseen spike in its price, rising from $6,190 to $6,450. Yet, the rest of the market has struggled to recover, demonstrating slow movements. On August 15, the cryptocurrency market reached its lowest point in the year at $191 billion. Over the past 24 hours, the valuation of the market

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EOS Searches for Solutions as RAM Exploit Plagues Users

The EOS community is once again left looking for solutions now that developers have identified a smart contract bug that allows malicious contract authors to effectively consume network resources owned by other users. EOS Smart Contract Exploit Consumes RAM To reduce spam, EOS requires users to purchase a scarce in-network resource called “RAM” to deploy

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Ethereum and EOS Only Have 8 dApps Combined with 300+ Active Users

According to Kevin Rooke, a cryptocurrency researcher, Ethereum and EOS currently have a combined eight decentralized applications (dApps) with more than 300 active users. Yet, both blockchain networks have multi-billion dollar market valuations with Ethereum at $28 billion and EOS at $4.6 billion. Are Current dApp Usage Rates Not Important? Last year, Coinbase co-founder and

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ICON Records 23% Gain Again While Crypto Market Sees Gloomy Forecast

ICON (ICX) and WanChain (WAN) have recorded massive 23 percent gains again in the past 24 hours, becoming the two best performing assets in the global crypto market for two days straight. The valuation of the crypto market increased from $213 billion to $214 billion on August 27 as some major cryptocurrencies like EOS and

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