Tierion announced the start of a new node registration

Chainpoint node registration for Tierion will become online on April 5 with the process simplified and reward changes
29 March 2018   1039

Tierion is preparing for a major network update - node registration is to commence on April 5 at 10AM PST. As of the specifics, 500 additional nodes will be eligible to take part in the process with rewards staying at 1,500 TNT per reward period. The registration process also makes it mandatory to upgrade nodes prior to registering: the nodes should be of the version 1.3.7 to be able to get rewards.

Among the upcoming new features, the Chainpoint Node reward distribution will cease to be random and a reward queue is to be added. Network reliability thus will be increased and the reward distribution should get more homogeneous. The mechanics will be as follows:

  • Nodes that continually pass audits will advance in the queue.
  • Nodes that receive rewards will fall to the bottom of the queue.
  • Nodes that fail audits will fall back in the queue.

In March a test program was conducted in order to prepare for the releasing of network's new capabilities. As for the results of the program itself, tens on millions of Chainpoint proofs have been generated. Tierion team also release Chainpoint API so that anybody can create a Chainpoint proof.

At the moment of the publication, Tierion market parameters are as follows:

Average price: $0.085482

Market cap: $36,627,436

Volume (24H): $7,416,600

Barclays to Freeze Crypto Trading Project

This is reported by two anonymous sources to Financial News London
15 October 2018   197

One of the largest UK bank Barclays has suspended work on its own crypto-trading project, Financial News reports citing two sources familiar with the situation.

Earlier this year, the bank gathered a high profile team to explore opportunities for cryptocurrency trading as part of its own business. However, according to one source, the initiative was “frozen”.

The former head of Barclays for energy trading, Chris Tyrer, who headed the “digital assets project,” left the bank in September after management decided to freeze the initiative.

Together with Tyrer, the macro-strategy in the field of foreign exchange and emerging markets was Marvin Barth, Senior Technical Specialist Lee Brain, and Consultant Matthew Jobb Duval.

Their task was to determine whether cryptocurrencies are an asset class with far-reaching prospects, whether Barclays customers are interested in them and what type of IT infrastructure will be needed to work with them, the source said.