Enterprise blockchain platform Insolar (INS) has successfully launched its testnet on Jan. 22, recording over 10,000 transactions per second (TPS), according to data from its block explorer Insolar Explorer.As the company announced on Sunday, Insolar set up its private testnet launch in order to prove its scalability and speed, with the goal to reach at least 10,000 TPS.The original Bitcoin (BTC) blockchain is able to process about 7 TPS, while the network of another major coin Ethereum (ETH) can process 20 TPS, as recently reported by Cointelegraph. Ripple (XRP), the second biggest crypto by market cap, “consistently handles” 1,500 TPS, but can purportedly scale up to 50,000 TPS.In the recent testnet announcement, Insolar has also set the release date for its technical white paper for Jan
Initial coin offerings (ICOs) completed in the first half of January have raised around $160 million. The figure was provided in a report by ICO rating service ICObench shared with Cointelegraph on Jan. 18.ICOs completed by Jan. 15 have managed to raise about 33 percent of the combined amount raised in the previous month of December. Half of that sum was secured by just one project, the report notes.According to ICObench, the number of fundraisers that are set to take place in January is more than 150, a figure similar to the past seven months, excluding December.In January, the combined hard cap — the maximum amount of money that a project can secure from investors during an ICO — amounts to more than $4 billion. As per the report, three fundraisers out of the five largest this month have
TRON announced on January 17, 2019, that BitTorrent will be launching its streaming services and BitTorrent Speed in 2019. TRON has gotten off to a good start for 2019. After taking the time to address rumors of developer exploration on their platform, they have recently announced the release dates of some key projects for the year. Streaming Services to Match the Hype The first is BT’s live stream feature which is expected to be launched at an undisclosed date this year. The news came via a January 17, 2019, tweet. “If everything goes as planned with #BTT, #TRON is expected to launch BT’s live streaming feature in 2019. #TRX $TRX,” the tweet from the TRON foundation said. BT, in this case, refers to BitTorrent, which TRON acquired in 2018 for a reported $126 million. Since the acquisi
A group of researchers from top United States universities have announced the launch of a “globally scalable decentralized payments network,” according to a press release published today, Jan. 17.The development of the cryptocurrency, dubbed “Unit-e,” is being funded by Distributed Technologies Research (DTR) — a non-profit organization based in Switzerland, whose official launch was also announced today in the press release.DTR includes researchers from seven major U.S. universities, including the Massachusetts Institute of Technology (MIT), Stanford University and the University of California, Berkeley, as Bloomberg reports.The organization reportedly received backing from blockchain investment fund Pantera Capital.According to the press release, the core team developing Unit-e is based
A company intends to change the ways of traditional advertising by creating a platform called WeBuy. The idea is to allow what the company calls "buyers" to decide when and how the sellers of different products can reach them on-demand.Shopper in the center WeBuy believes that annoying online ads are one of the problems of the modern advertising market. Instead of increasing the interest of potential buyers, they get the opposite effect. The company believes its product can change the way buyers and sellers currently communicate by putting the prospective buyer in the center of the process.The company says that the potential buyers are able to choose whether or not they want to see an ad on the WeBuy platform. They create a SellMe profile and specify the products or services they might wa
The value of tokens that over a hundred of initial coin offering (ICO) teams have allocated to themselves has decreased by 54 percent from the initial figure of $24 billion. This was revealed in the latest research by cryptocurrency exchange BitMEX published Jan. 16.BitMEX has conducted a research of the ICO market in collaboration with analytics firm TokenAnalyst, looking into treasury balances of more than a hundred projects on the Ethereum (ETH) network. The analysis reportedly made use of machine learning techniques and was based on the interpretation of smart contract data and transaction patterns on the Ethereum blockchain.According to the report, the combined value of all the tokens that the analyzed projects have allocated to their own teams, has gone down from $24.2 billion at the...
ABCC cryptocurrency exchange has partnered with the ninth largest cryptocurrency Tron (TRX), according to a tweet posted Jan. 15. Tron's founder and CEO Justin Sun subsequently confirmed the news on Twitter.As per the announcement, the partnership has made ABCC the first crypto exchange to list tokens based on Tron’s TRC10 technical standard.The announcement was made a few days after the exchange first revealed that its was in the process of adding support for tokens based on both the TRC10 and TRC20 standards.According to Tron’s guide for developers, TRC10 is a technical standard for tokens that are supported by the crytpocurrency’s native blockchain without the deployment of the Tron Virtual Machine (TVM).On the other hand, TRC20 is a technical standard used for smart contracts that imp
Belarus has launched a trading platform that enables customers to buy tokenized versions of shares, gold and other traditional assets, Reuters reported Jan. 15.The project is reportedly backed by two companies, Larnabel Ventures and VP Capital. According to Reuters, the government of Belarus has not yet commented on the launch of the platform, but it was covered by the state news agency BelTa.The platform will allow traders to buy shares, precious metals, foreign exchange and other traditional assets from Belarus, as well as from other countries, with cryptocurrencies.Since its launch, the platform has reportedly issued 150 different types of tokens, with each corresponding to a traditional financial instrument. The company expects to eventually grow this number to 10,000.According to the ...
Belarus-based blockchain startup Currency.com has launched a trading platform for tokenized securities. The firm announced Tuesday that the platform would allow investors to directly trade and invest in financial instruments using the cryptocurrencies bitcoin or ethereum, without first converting to fiat. The platform will initially host over 150 tokenized securities, tracking the underlying market price of financial instruments such as equity and commodities, it said, while over 10,000 similar offerings could be available in the future. Currency.com explained that the service lets investors buy a token that would reflect the performance of, say, an Apple share on the Nasdaq stock exchange, at the “same economic costs and benefits of an Apple share.” “To offer these capabilities, Currency.
Malaysia will officially regulate initial coin offerings (ICOs) and the overall trade of cryptocurrencies. The law which introduces the regulations will come into force on Tuesday, January 15th. Malaysia Regulates ICOs and Cryptocurrency TradeAccording to a Reuters report, Malaysia will regulate ICOs and the trade of cryptocurrencies.Citing the country’s Finance Minister, the report outlines that digital currencies and digital tokens will be classified as securities, putting them under the regulatory purview of the Securities Commission of Malaysia.In turn, the commission is expected to introduce a regulatory framework by the end of Q1 2019. It needs to define the requirements for the issuance of ICOs, as well as the process of trading digital currencies on cryptocurrency exchanges in the