Populous is releasing live Beta

Populous platform is going to launch beta version on May 1 to test its readiness for a mass adoption
15 April 2018   809

Populous' Beta set to go live May 1. The purpose is to monitor the performance of the platform and decide if it's OK to start accepting the massive influx of PPT holders. During beta period a few PPT holders will be selected to benefit from being able to trade a live invoice from real companies. To do that, PPT holders can pledge their PPT for Poken and then use it to purchase a pre-selected single invoice on the platform. The purchase of real invoices helps business with short-term cash flow and makes use of Populous XBRL data.

The platform will open access to a gradual roll-out of invoices during the beta for the start. As it prepares to be opened to the general public invoices will be ramping up in volume. Built on the blockchain technology, Populous allows global investors to bid real-time on invoices to provide them with competitive prices, compared to more centralised competitors of invoice discounting platforms.

At the moment of publication, Populous market characteristics are as follows

  • Average price: $16.08
  • Market cap: $595,113,562
  • Volume (24H): $1,885,120

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   82

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.