The Internet of Things (IoT) blockchain Helium shut down for about 4 hours on Monday due to validator outages from a software update, causing delayed transaction finality. During the outage, devices transferring data over the network were not affected, but miner rewards and token transfers were left pending. The team resolved the issue by skipping the blockchain forward by one block and resuming normal functions. At 10:20 am EST, the Consensus Group stopped producing blocks at block height 1435692 on the Helium blockchain, according to a status update. Lacking network consensus, token transfers could not be completed, and new blocks …

Bitcoin (BTC) is threatening to drop to its worst weekly close since December of 2020. The crypto markets are in are held firmly in a vice grip, and the selling accelerated following a higher-than-expected inflation report from the United States on June 10. It is not only the crypto markets that are facing the brunt, even United States equities markets finished the week ending June 10 with sharp losses. Risky assets may remain volatile in the near term as traders await the outcome of the U.S. Federal Open Market Committee meeting on June 14 and June 15. Bloomberg Intelligence senior …

Positive price movements during bear markets are noteworthy primarily because they can help identify projects that have a good chance of surviving until the next bull cycle . Generally, price action in June has been stagnant for a majority of the crypto market because traders are nervous about Bitcoin’s (BTC) oscillation around the $30,000 support level, but there have been a few strong performers. Data from Cointelegraph Markets Pro and TradingView shows that three of the biggest gainers in the month of June have been Chainlink (LINK), Ocean Protocol (OCEAN) and Helium (HNT). Chainlink introduces staking The Chainlink protocol is …

Large-cap cryptocurrency continue to slump as investors await comments from the Federal Open Markets Committee regarding the exact size of the next interest rate hike. There are, however, a few bright spots in the market and select altcoins managed to post double-digit gains in trading on May 3, thanks to a big-time partnership announcement and cross-protocol collaborations that led to a spike in demand. Data from Cointelegraph Markets Pro and TradingView shows that three of the biggest gainers over the past 24-hours were Algorand (ALGO), Frax Share (FXS) and Helium (HNT). Algorand The pure proof-of-stake blockchain network had, perhaps, one …

Cryptocurrency mining has become a hot topic of conversation over the past couple of years due to its lucrative nature and the impact the industry has on the environment. The emergence of Web3 and the increased presence of Internet of Things (IoT) devices has led to a new class of low-cost mining protocols with low-power network technology. These include LPWAN or LoRaWAN which are designed to transmit low bit rate data over long distances. One such protocol that has been gaining traction in recent months is MXC, a Web3 infrastructure protocol designed to provide geolocation-based LPWAN coverage to IoT devices …

Six worldwide corporations have banded together to start the IEEE blockchain Identity of Things standardization. According to IEEE Chair of the Identity of Things Working Group Dr. Xinxin Fan, researchers from Lockheed Martin, Ericsson, Lenovo, Huawei, Bosch, IoTeX and China Academy of Information and Communications Technology are developing the global standards for blockchain-based decentralized identities in an effort that commenced two years ago. Related: Decentralized identity can bring the analog world into the digital one After two years of research, the six major global businesses have provided the proof of concept for blockchain-based decentralized identification (DID) for IoT devices, which …

The proof-of-work (PoW) consensus model is the mechanism that kicked off the revolution that launched Bitcoin (BTC) in 2009 and it was the model of choice behind many of the popular projects in the early fledgling years of the crypto ecosystem. As time progressed, other consensus models like proof-of-stake (PoS) rose in popularity, especially as the cost of running mining rigs, the constant need to update equipment and environmental concerns led to the PoW model falling out of favor with many. As a result, projects looking to employ a proof-of-work model have had to adapt to stay aligned with the …

The ultimate goal of any cryptocurrency project is to achieve widespread adoption by offering a use case that offers real-world value that can be applied across the globe and in every home. One project that just revealed a significant stride towards greater adoption thanks to its user-run wireless network is Helium, a 5G Internet-of-Things-focused project, which revealed a new partnership with Dish Network on Oct. 26. Today we take another huge step for @Helium 5G with the announcement of a new partnership between @DISH and Helium Inc! DISH is the first major carrier to join #ThePeoplesNetwork, expanding coverage with customers …

Helium is a decentralized blockchain-powered network designed to allow low-powered wireless devices to communicate with each other and send data across its network of nodes. Since July 2020, Helium’s native token, HNT, has increased 550% in value from $0.35 to a 2021 high of $2.25 on Jan. 25 as fundamentals for the network continue to improve. Three reasons why HNT is poised for continued growth are the increasing size and coverage of its node network, the ease of running a node for passive income, and the growing number of partnerships Helium has brokered. A growing network of nodes Helium was …