DeFi platform PegNet appears to have suffered a 51% attack in which four of the network’s top miners fraudulently created $6.7 million in stablecoins.
Factom News
Factom or FCT coin is a cryptocurrency for internal use on a distributed, decentralized platform based on blockchain technology with the blocks consisting of encrypted information. Speaking of the Factom platform, the project was launched in 2015 with two main purposes: expanding the size of blocks in the blockchain and the facilitation of computing power. Therefore, the size of a block now is limitless, compared with classical ones which have a capacity of just 1 MB. They were able to achieve this result through the use of sidechains that create an extra layer of information. The key function of a sidechain is to generate a hash that connects basic blocks with additional ones. The Factom team has succeeded in combining a familiar blockchain with an array of useful options. It is able to store unlimited amounts of data without the fear of being falsified. Besides common documents, any kind of application or script can be stored on its network.
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Holding 90% of software company Factom’s shares, investor FastForward said it wants to lead the company into receivership.
3288A crypto project crosses the half-billion threshold.
3660How exactly do deepfakes work and why are they hard to detect and prevent? Experts believe blockchain technology has a role to play.
8770At a time when fake news has become a household name, deepfakes are bound to make the situation worse. Can blockchain help?
5465Monex Group has confirmed Coincheck now supports withdrawals and deposits for all tradable assets on the platform.
6448Five top cryptocurrencies share their favourite long term picks
48683Two the most progressive areas of using non-financial Blockchain technology.
15079The Blockchain data startup Factom has closed an $8 mln series A funding round, the second in six months.
7080The Department of Homeland Security (DHS) is preparing to utilize blockchain technology in securing the transmission and storage of data collected by security cameras, sensors and internal databases.
2941Tim Draper Believes His Blockchain Startup Factum Can Become Greater Than Oracle, Palantir and IBM.
2541Blockchain technology company, Factom has collaborated with financial data feed company, Intrinio to put Wall Street on the Factom blockchain.
1250Factom has announced a deal with iSoftStone to begin researching and implementing Blockchain solutions in 80 urban areas across China.
805Bitcoin developers representing some 90 percent of the commits to Bitcoin Core in the last years have written and signed an open letter to the Bitcoin community and more news
504Tokyo police has served another arrest warrant on Mark Karpelès; the World Wide Web Consortium prepares to launch a Web Payments Working Group and more top stories for August 21.
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