Tether (USDT), the eighth-largest cryptocurrency and the second most-traded coin behind bitcoin, is functioning as normal following an incident with the engine that feeds data from the underlying Omni protocol to the platform’s hosted node services. For approximately eight hours on Monday, tether transactions appeared to be frozen, and in fact were -- at least for the many users who do not...
Contrary to reports circulating on social media, controversial cryptocurrency Tether has not been hit by a double spend attack. The Full Story Behind That Suspicious Tether Transaction Earlier this week, blockchain security research team SlowMist identified suspicious activity surrounding a particular tether transaction. The firm published a blurred photograph of the raw transaction along with...
Initial coin offering (ICO) fundraising crossed another significant milestone this month, racing past the $3 billion mark for the year despite increased attention from regulatory agencies across the world. Initial Coin Offering Fundraising Tops $3 Billion Initial coin offerings have come along way since 2013 when J.R. Willett raised $500,000 to develop Omni (then known as Mastercoin). According...
When J.R. Willett invented the initial coin offering (ICO) funding model in 2012, few people took notice. The next year, he launched the first ICO, Mastercoin (now called Omni), and raised about $500,000--just five times the amount raised by the aptly-named Useless Ethereum Token earlier this year. He says he "didn't anticipate" how quickly the fundraising model would catch on: “Everything I was...