OriginTrail launches Test Network

TestNet Apollo Release v1.0b by OriginTrail is rolling out on June 29 to perform transactions in live cases
13 June 2018   320

The first Beta version of the OriginTrail testnet protocol - Apollo, is to be released on June 29. All the features set for development are going to be implemented, i.e.:

  • payment mechanism;
  • consensus check with zero-knowledge privacy layer;
  • Web-of-Things standard;
  • bidding mechanism;
  • Neo4j compatibility;
  • full GS1 validation

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As the usage of the OriginTrail protocol usage grows and protocol improvements are steadily implemented, the project will move towards the MainNet launch in Q3 2018. OriginTrail is the first purpose built protocol for supply chains based on blockchain. At the moment of publication, OriginTrail market characteristics are as follows:

Average price 0.138622 USD
Market cap 37,185,905 USD
Volume (24H) 248,550 USD

Japan to Tighten Regulation Due to Zaif Hack

$ 62 000 000 worth cryptocurrency was stolen from the Zaif exchange few weeks ago
25 September 2018   83

Hacking of Zaif exchange is the reason for toughening control over the market by the financial regulator of Japan, Reuters reports.

The first measure taken was administrative sanctions against the exchange and its operator Tech Bureau Corp. The Financial Services Agency (FSA) has expanded the list of requirements for the latter, pointing out the need to identify preventive measures and search for the organizers of the theft.

Shortly before that, researchers of the Japanese financial company Tech Bureau Corp could not provide details of the theft of $ 62 million from the Zaif crypto exchange at the request of the FSA. The Osaka-based operator had to investigate the causes, consequences of the theft and options for compensating the victims. According to the Agency, the financial company could not cope with the task.

According to the Tech Bureau, the exchange was hacked on September 14 within a few hours. The problem with the server was discovered by the site staff on 17 September. Official confirmation of the incident and notification of the authorities was made only a day later.

Recall, the theft of $ 60 million from the Japanese stock exchange Zaif caused a surge of volatility of bitcoin. For a short time the price was able to overcome the distance of $ 400.