Another week, another squabble involving the beleaguered EOS blockchain. The platform that has recently sustained a round of criticism for its lack of decentralization and its underwhelming technical robustness is now going through a governance crisis. The problem partly stems, quite ironically, from the lack of the system’s mediating capacity and centralized enforcement over the pool of Block Producers - twenty-one entities elected by token holders and responsible for validating transactions under the Delegated Proof of Stake consensus mechanism. The latest controversy unfolded as the EOS Core Arbitration Forum (ECAF), effectively the ‘judicial branch’ of the EOS ecosystem, failed to …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Back in January of this year, the total market capitalization of all cryptocurrencies reached above $832 billion. At press time, the total market capitalization has plunged to a mere $234 billion, showing the degree of carnage this space has suffered. Such a fall can scare away even the most patient investor, but big …

EOS developer Block.one has announced it will begin to stake its share of tokens to vote for the network’s 21 ‘Block Producers’ (BPs), in an announcement posted yesterday, June 28. In the EOS ecosystem, EOS holders can stake their tokens to vote for so-called ‘Block Producers’ (BPs) – the equivalent of miners on the Bitcoin (BTC) blockchain. In keeping with the terms of EOS’ constitution, Block.one now plans to stake its own token share – which is 10% of the initial 1 billion EOS token allocation. According to Block.one’s post: “Block.one recognizes its responsibility to participate as an active minority …

Crypto markets are seeing little momentum today, June 28, as data from Coin360 shows, with price fluctuations of within a 2 percent range among all of the major cryptocurrencies. Market visualization from Coin360 Bitcoin (BTC) is trading around $6,099 at press time, down just a fraction of a percentage point over the 24-hour period. Earlier this week, on June 24, BTC plummeted to $5,833, its lowest price level in 2018, and a price point it had not hit since October 2017. Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index The leading cryptocurrency has since recovered and somewhat stemmed its losses, …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The news of Facebook relaxing its ban on cryptocurrency advertisements has failed to cheer the crypto markets. This shows that the market participants continue to focus on the negative news while disregarding the positive news. A study by the research firm Ipsos, conducted for ING Bank B.V found that only 9 percent of …

Chief Technical Officer (CTO) of blockchain protocol EOS Dan Larimer has proposed rehauling the project’s existing constitution to limit so-called arbitrators’ powers, in an EOSGov Telegram chat today, June 27. Larimer’s proposal comes in response to recent controversies surrounding the structure of governance on the EOS blockchain, in which three distinct groups work to ‘keep one another in check,’ as defined by the project’s current constitution. These three groups in the EOS ecosystem are the so-called Block Producers (BPs) – the equivalent of miners on the Bitcoin (BTC) blockchain – the arbitrators (EOS Core Arbitration Forum (ECAF)) and Token-Holders. The …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. At the beginning of the year, the total crypto market capitalization had risen above $825 billion, and many expected it to reach trillion dollars during the year. But at press time, June 25, the market capitalization is $236 billion. It is no surprise that interest to cryptocurrencies has decreased. The current investors are …

Crypto markets are seeing a tentative recovery today, June 25, as data from Coin360 shows, after yesterday saw leading cryptocurrency Bitcoin (BTC) hit its lowest level yet this year. Market visualization from Coin360 Bitcoin (BTC) is trading around $6,270 at press time, up about 1.3 percent over the 24-hour period. Yesterday, June 24, BTC plummeted to $5,833, its lowest price level in 2018, and a price point it had not hit since October 2017. A rapid three-hour bounce yesterday between 2 and 5 PM UTC saw the coin recover back to around $6,200, today reclaiming a further $100. Bitcoin price …

The second round of China’s state-backed monthly ratings of cryptocurrencies and blockchain projects has been released, Cena News reported June 21. Dubbed the “Global Public Chain Technology Evaluation Index,” this latest round was announced at the Shanghai Science Hall on June 20, and ranks EOS 1st, Ethereum (ETH) 2nd, and Bitcoin (BTC) 17th, out of a total of 30 analyzed cryptocurrencies. China’s monthly “Global Public Chain Technology Evaluation Index” is published by the China Center for Information Industry Development (CCID) of the Ministry of Industry and Information Technology, and is said to be compiled by “first-rate domestic experts and scholars,” …

EOS block producers (BPs) have reportedly received an emergency order to refuse to process transactions for 27 accounts, according to a tweet posted yesterday, June 22. The authorities in EOS just instructed the block producers to censor transactions from 27 accounts with no reasons given. “the logic and reasoning for this order will be posted at a later date" ggwp 😂$EOS pic.twitter.com/60yRPqCAvh — Ferdous ฿hai (@ferdousbhai) June 22, 2018 Twitter user @ferdousbhai, who tweeted the screenshot of the alleged EOS Core Arbitration Forum (ECAF) order, wrote in the comments that he obtained the image from a private Telegram group for …

The crypto markets are continuing to take a tumble today, June 23, following slew of FUD-like news from the crypto sector in South Korea and Japan. Market visualization from Coin360 Leading South Korean exchange Bithumb was hacked for $30 million, and Japan’s financial regulator FSA has apparently renewed their crackdown on cryptocurrency exchanges after sending out six more business improvement notices this week. Bitcoin (BTC) is edging closer to $6,000, trading for around $6,105 at press time, down less than 1 percent over a 24 hour period. Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index Ethereum (ETH) is slightly down, …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. In the world of investing, fundamentals and a price of an asset class rarely move in tandem. Usually, one leads the other. In 2017, the prices of cryptocurrencies skyrocketed, but the fundamentals were left lagging behind. That resulted in a sharp correction. While most digital currencies are down more than 50 percent from …