“The blockchain for bloggers, Steem, is moving to Hive.io. At issue is a pile of Steemit Inc.-controlled steem tokens known as the “ninja-mined stake” that Sun could have used to determine the blockchain’s fate. The hostile hard fork is scheduled for Friday.
For this initial hard fork, one key thing will change: The tokens from the original development fund controlled by Steemit will not be carried over to the new chain. Everyone else’s will be ported over. The fork captures the decentralized nature of blockchains.
He didn’t understand that the underlying value of those tokens is the community.”
See Also: Hive.io
See Also: Huobi and Binance Support Community-Led Steem Hard Fork
“MakerDAO hopes to fill the multi-million dollar gap in the collateral backing its DAI stablecoin following last week’s Ethereum market volatility. Today the organization successfully launched its first debt auction to that end.
Sales at this auction take a reverse-auction format, with a fixed bidding amount of 50,000 DAI placed for an initial lot of 250 MKR tokens. MKR price has risen since the auction began, up $20 from an initial $245.”
“Storj Labs says its blockchain-based cloud service is now available for businesses and individuals to securely store files and documents. When a file is uploaded, it is encrypted and then split into 80 fragments distributed on separate nodes. Users only need 29 pieces to fully reconstruct a file.
The open-source network, which currently has 19 petabytes (19 million gigabytes) of available capacity, is hosted on thousands of nodes run by individuals and partners based all around the world. There are currently about 3,000 users on the platform.
Decentralization benefits the cloud in many ways, and our first customers are already seeing how it improves security, privacy, and resiliency, while also lowering costs.”
“The new mechanism, integrated into its crypto derivatives marketplace, would halt all liquidations – where a trader’s position is automatically closed – during periods when volatility starts to present a real risk for traders.
Volatility can lead to unnecessarily high-risk circumstances if the right measures aren’t in place to protect them.
Huobi’s liquidation mechanism also includes a new facility to gradually liquidate positions, rather than in a single event.”
“FINTRAC will begin more strictly regulating virtual currency companies, transactions and activities following after new rules take effect on June 1.
Companies must document sender and receivers’ name, address, birth date, phone number and crypto type for crypto transactions over $1,000 CAD in some instances. More extensive documentation requirements apply to transactions of $10,000 CAD and above.”
“CoreWeave, the largest U.S. miner on the Ethereum blockchain, is redirecting the processing power of 6,000 specialized computer chips toward research to find a therapy for the coronavirus.
These graphics processing units (GPUs) will be pointed toward Stanford University’s Folding@home: connecting thousands of computers from around the world to form a distributed supercomputer for disease research.
CoreWeave has responded by doubling the power of the entire network with its GPUs, which are designed to handle repetitive calculations.”
See Also: Chico Crypto: US Bailouts (Video)