Cryptocurrency News

According to the latest news reports, at least 5 small cap cryptocurrencies have been hit by 51% attacks in just the last one month. Once upon a time, these types of attacks were considered more theoretical than a reality. However, now, 51% Attacks have become a common occurrence.

One of the most eagerly anticipated Blockchain launches is delayed – again. The EOS Blockchain was supposed to go live on June 7, but infighting within the community has delayed it once again. Originally due to go live on June 2, the launch was postponed while backend work on the project was being completed, meaning the Blockchain hasn’t even been created yet.

Stefan Thomas, the former Chief Technology Officer of Ripple, has launched his own company called Coil and is going head to head with Ethereum with the introduction of the smart contract platform, Codius.

Despite the fact that the EOS Blockchain was launched on Saturday, June 2, EOSIO still hasn’t gone live. The launch, typical of the entire project, took place in an unorthodox manner, through a distributed process run by the EOS community and not the creators. However, despite the fact that the platform still hasn’t gone live, the EOS software seems to be progressing towards its go-live goal without any major problems.

On Monday, Ripple announced that it was partnering with 17 different universities, including MIT, the University of North Carolina and the University of Pennsylvania to help increase awareness and adoption of Blockchain technology and the cryptocurrency industry.

EOS finally launched its own Blockchain this weekend on June 2 after a long one-year Initial Coin Offering. This ICO garnered massive $4 billion in funds – make the EOS ICO the largest till date. The last day of the ICO ended with the price of EOS at $12.32 per token.

This is definitely good news to anyone who is interested in digital assets, as Asus is looking to build a powerful motherboard specifically designed for crypto mining. Perhaps the company has understood the need for such power, as a miner certainly requires a robust equipment. This should only boost the interest of many when it comes to cryptocurrency mining.

After months of preparation, TRON has finally launched its own Blockchain. The project went live on May 31, and this marked the beginning of the transition from the Ethereum ERC-20 Blockchain to its own TRON Blockchain. The launch went off without any glitches or hiccups, which is a credit to the TRON team.

Earlier this week, German media reported that local law enforcement sold confiscated cryptocurrencies, making about €12 million (~$14.02 million) from the sale. This was an emergency sale, since the treasury was worried about the massive fluctuations in current cryptocurrency prices. Emergency sales are usually reserved for perishable items such as food, or items like cars that depreciate in value.

After a unique Initial Coin Offering that lasted one full year, the most eagerly anticipated Blockchain – EOS – is finally going to launch on June 2. Block.one, the company behind EOS, has raised more than $2 billion through its ICO. The company has received massive support for this new Blockchain on the promise that it is going to be massively scalable and is much more user friendly than any of the current Blockchains in the industry.