Bitcoin 

Lightning Labs CTO Confirms LN Vulnerabilities ‘Exploited in the Wild’

Following a recent warning on vulnerabilities on Bitcoin’s (BTC) Lightning Network (LN), a startup claims to have found instances of the vulnerability being exploited. Upgrade advised to avoid loss of funds Olaoluwa Osuntokun, CTO at LN-focused startups Lightning Labs and ACINQ, revealed the news in a brief statement on Linux Foundation’s domain on Sept. 10, claiming that there are confirmed instances of Common Vulnerabilities and Exposures (CVE) “being exploited in the wild.” The vulnerability was first reported on Aug. 30 by LN coder Rusty Russell. At the time, the Australian…

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Blockchain 

Binance Labs Leads $5.7M Series A Round to Launch FIO Protocol

A venture arm of major global crypto exchange Binance has led a $5.7 million funding round to launch new decentralized blockchain protocol, the FIO Protocol. According to a press release shared with Cointelegraph on Sept. 5, Binance labs has invested in Denver-based blockchain usability firm Dapix, which is developing the Foundation of Interwallet Operability’s (FIO) Usability Protocol. The Series A round was also participated by existing investors such as Access Venture Partners and Dundee Venture Capital, as well as new investors including Blockwall Capital, NGC Ventures and LuneX Ventures. The…

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Blockchain 

ETC Labs Launches Studio Program to Support Developing ETC Projects

Ethereum Classic (ETC) Labs incubator today officially announced Studio, its new program to support the launch of new projects on Ethereum Classic. ETC Labs Studio to support firms seeking to launch projects and crowdsales on ETC According to an official blog post from Aug. 8, the ETC Labs Studio will now support companies that seek technical and marketing expertise for new projects and crowdsales. The new program intends to share technical expertise to promote building and implementation of decentralized applications and crowdsales, as well as provide guidance on project launch…

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Ethereum 

Ethereum Classic Labs Announces Accelerate Program to Promote ETC Apps

Ethereum Classic Labs incubator officially announced its accelerator program to promote the development of products based on the Ethereum Classic network. On July 28, Ethereum Classic Labs published a blog post to provide details about Ethereum Classic Labs Accelerate, a program for funding and educating blockchain firms and communities that are creating products and services on the Ethereum Classic blockchain. According to the announcement, the first Cohort of Ethereum Classic Labs Accelerate was formed during Q1 2019 while the second is expected to be announced in Q3. Ethereum Classic Labs…

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Ethereum 

Singapore-Based Blockchain Firm Perlin Acquires Blockchain Startup Dispatch Labs

Singapore-based blockchain company Perlin has acquired blockchain development startup Dispatch Labs, Dispatch Labs CTO Zane Witherspoon told Cointelegraph on July 26. Perlin acquired Dispatch’s talent, provisional and non-provisional United States patents on Dispatch’s blockchain IP, and strategic business partnerships. Former Dispatch CTO Zane Witherspoon will now manage Perlin’s Developer Ecosystem. The company did not disclose the value of the transaction. The acquisition comes in the wake of the news in mid-June that Dispatch incurred considerable losses despite extensive investment and a recovering cryptocurrency market. Although Dispatch Labs received funding from…

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Ethereum 

A Partner at Binance Labs Expresses Optimism Over Facebook’s Entry Into Crypto With Libra

Speaking to Cointelegraph at Blockchain Week Rome, Teck Chei, partner at Binance Labs, said that he sees Facebook’s Libra Project at a step forward for crypto and increasing public awareness.  In Chei’s own words:  “I think having a company like Facebook, with such tremendous reach and distribution, into all different countries around the world – having them be interested in cryptocurrency and launching one is a very very positive thing for our industry. It brings a ton of awareness to people who have never heard of cryptocurrency.” Binance is one…

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Blockchain 

ETC Labs Unveils ETC-ETH Interoperability Solution Backed by Metronome

San Francisco-based incubator for the blockchain Ethereum Classic (ETC), ETC Labs, has announced that it has partnered with cryptocurrency firm Metronome to create a solution for Ethereum (ETH)/ETC interoperability, in an official blog post on June 27. Per the announcement, blockchain interoperability—also referred to as “chainhopping”—is a property of a blockchain asset meaning that it can be transferred between separate blockchains. In this case, the cryptocurrency Metronome (MET) will be transferable between the ETH and ETC blockchains. The ETH and ETC blockchains initially split in the summer of 2016 after…

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Blockchain 

Blockchain Developer Dispatch Labs Suffers Losses Despite Market Recovery

Blockchain company Dispatch Labs is incurring considerable losses despite extensive investment and a recovering cryptocurrency market, technology-focused news outlet Cryptobriefing reported on June 14. Initially, Dispatch Labs received funding from its executive team, subsequently raising over $13 million in a series of private rounds from other investors such as China-based capital firm Fenbushi Capital during the first half of 2018. However, the value of the raised capital slumped considerably following the market drop in the first quarter of the year. The company’s CEO Matt McGraw reportedly said that the team…

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Blockchain 

General Motors Leads $23M Funding Round for Spring Labs Blockchain Firm

United States-based blockchain startup Spring Labs has raised $23 million in a Seed A funding round, according to a press release on June 12. Spring Labs will purportedly use the funds to improve its blockchain-based platform Spring Protocol and develop three new fraud protection products that are designed to combat fraud in the auto financing sector. According to the press release, the new products are Spring Verify, Spring Defense, and Spring Protect, which are designed for identity verification, fraud monitoring/mitigation, and loan stacking prevention, respectively. The products will purportedly provide…

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Blockchain 

Block.one’s EOSIO Labs Release iOS and Chrome Authenticator Apps

Block.one’s EOSIO Labs has released Reference Authenticator Apps for iOS and Chrome. The development was announced in a blog post published on May 29. Per the post, the newly implemented developments address improvements to the security, interoperability and usability of authenticators by contributing working code and examples. Authenticators are software-based tools that implement two-step verification services by generating a secret key for each user. The EOSIO Reference iOS Authenticator App is purportedly designed to enable users to sign in and approve transactions from web applications running in Mobile Safari and…

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