It seems there are new names added to the Thiel Fellowship awardees. This is due to the fact that developers and entrepreneurs behind four different blockchain startups have recently acquired the said award. Created the billionaire and PayPal co-founder Peter Thiel, The Thiel Foundation revealed this year’s class of Thiel Fellows. This year’s recipients include, but not limited, to Vest co-founder Axel Ericsson, Polkadot co-founder Robert Habermeier, MyCrypto CTO Daniel Ternyak and Mechanism Labs co-founder Aparna Krishnan.
Cryptocurrency Market Updates
Barely a week after the Blockchain went live, the EOS Core Arbitration Forum (ECAF) released an Emergency Measure of Protection Order on June 22, directing block producers not to process transactions from 27 accounts. The ECAF is a body set up to resolve disputes within the EOS community.
The Ministry of Science and ICT in South Korea announced that a massive new initiative called the Blockchain Technology Development Strategy was being launched, which was aiming to raise 230 billion won (~$207 million). The funding will then be used to support more than 10,000 Blockchain professionals as well as more than 100 companies.
Apparently, Tether tokens are backed by US dollars. According to the general counsel of the company, Stuart Hoegner, the law firm Freeh Sporkin & Sullivan LLP assessed the holdings of two of the company’s bank accounts for several weeks to check the amount of dollar holdings the company has. Tether did this in order to lay to rest the issue of whether they have enough USD to back up its crypto token.
The South Korean cryptocurrency exchange Bithumb, one of the largest in the country in terms of trading volume, announced that it was the victim of a hack-attack where the thieves got away with 35 billion won (~$31 million) worth of cryptocurrencies. According to the announcement, the hack took place between late Tuesday night and early Wednesday morning, Korean time.
48 hours after the new and highly anticipated EOS Blockchain went live, transactions on the network were completely frozen for a 5 hour period. This led to a massive firestorm on social media, with the new network receiving a barrage of criticism. It also caused the price of the Blockchain’s native cryptocurrency EOS to drop by 5%.
Ex-reporters and editors from The Denver Post are teaming up with Blockchain based startup Civil Media Company to launch a new Blockchain based local online newspaper called The Colorado Sun.
The highly anticipated latest version of Bitcoin Core (version 0.16.1) has been officially released. The new major version comes with a handful of new features and performance improvements, as well as bug fixes and updated translations. Interestingly, it has removed the miner block size recalling the infamous depreciation of the “blockmaxsize” option for miners. It was basically meant to limit their blocks’ sizes in the previous version.
After weeks of debate and deliberation, the EOS Blockchain finally has gone live. According to best estimates, the new Blockchain began operations at about 17:46 UTC, finally ending what is being called the most complex launch process the nascent cryptocurrency industry has ever seen.