Solana (SOL) co-founder Anatoly Yakovenko says the past year has been mired by the network's reliability issues and outages, but recent updates will help the blockchain resolve its reliability issues. During the Breakpoint 2022 annual conference in Lisbon, Portugal on Nov. 5, Yakovenko discussed the past and future of the blockchain, noting the network has faced difficulties over the past year: “We've had a lot of challenges over the last year, I would say this whole last year has been all about reliability.” Solana has suffered ten partial or full outages according to its own status reporting, the most notable …

Ethereum-based project Status has started an incentivization program for node operators around its decentralized peer-to-peer messaging protocol, Waku. In an announcement on Tuesday, Status said it would be rolling out the first phase of a program to encourage people to set up and run nodes used by Waku, a private messenger based on the Whisper protocol. The project said it planned to offer up to $100 worth in its native token, SNT, to 100 people participating in a three-month program. The Status team forked Whisper to create Waku in 2019. The protocol uses community-owned and -operated nodes to route messages …

Shortly after Tesla announced that it will allow customers to buy products with Bitcoin (BTC), a curious job posting from Amazon suggests that the company could also be working on a platform that will allow customers in Mexico to use digital currencies for making payments. If Amazon jumps on the crypto bandwagon, it will immensely strengthen the possibility of cryptocurrencies going mainstream across the world. Today Bitcoin price is showing a new spark of optimism after the Bank of New York Mellon announced that it would hold, transfer and issue Bitcoin on part of its clients. The bank is also …

Corey Petty, a chief security lead at Status messenger, told Cointelegraph that he believes there is no way to marry end-to-end encryption with the type of backdoor access law enforcement agencies continue to lobby for. He also believes that any prohibitive or restrictive measures will be fruitless as encryption is an abundant and readily available resource, unlike nuclear power: “If you take nuclear control across the globe as an example here, and how successful that's been in terms of keeping us from destroying ourselves, we were able to do that because developing nuclear weapons is very difficult and is reliant …

Plaintiffs in a class-action lawsuit against Status and its 2017 initial coin offering of the Status Network Token (SNT) are asking the judge to authorize official document delivery, or serving, via alternative channels like Twitter and emails. In court documents obtained by Cointelegraph and filed on Aug. 3, the judge is presented with a ready-to-sign motion outlining alternative methods for class-action plaintiffs to serve case files to Jarrad Hope and Carl Bennetts, both co-founders of Status. Social media for sending the law Specifically, the motion would allow the plaintiffs to contact the co-founders via their Twitter and LinkedIn accounts, personal …

Progress on Ethereum 2.0 has picked up pace recently as the Schlesi multiclient testnet has revealed itself to be a more-or-less stable network. Cointelegraph spoke with Zahary Karadjov, the research and development lead for Nimbus, to learn more about the upcoming clients. The development of clients is key, as they define how a blockchain operates. For Ethereum 2.0, the project’s developers decided to let seven separate teams develop an equal number of implementations. One of these is Nimbus, a semi-independent branch of the Status (SNT) project. For Nimbus, the distinguishing factor is the team’s focus on making light clients that …

Seven crypto companies have been targeted by 11 lawsuits that were filed in a New York federal court on April 3. The suits were filed by Roche Freedman — the same law firm representing the estate of the late Dave Kleiman in the ongoing dispute with self-proclaimed Satoshi Nakamoto, Craig Wright. Eleven lawsuits target seven crypto companies The eleven putative class action suits name dozens of parties including cryptocurrency exchanges Binance, KuCoin, BiBox, and BitMEX and parent company HDR Global Trading Limited, and alleged crypto issuers Block.one, Quantstamp, KayDex, Civic, BProtocol, Status, and the Tron Foundation. Many of the company’s …

Communication-related tokens have surged over 18 percent in the last week, following in the footsteps of Zoom and other telecommunications stocks. Increase in the remote workforce During tumultuous times, investors are eager to find assets that can provide shelter or a hedge from volatility. For many decades, this usually meant either gold or gold mining company stocks, since they tended to have a negative correlation with the rest of the market. Over the last decade, many have been prophesying Bitcoin (BTC) as the “new gold”. During the recent crisis, however, investors have turned to the telecommunication stocks, with some Capital …

The Ethereum Foundation awarded a $650,000 grant to Nimbus for continuing its work on light Ethereum 2.0 clients, a Jan. 28 press release announced. The project’s goal is to allow smartphones and embedded devices to run smart contract-capable nodes. Nimbus is an infrastructure project launched in March 2018 by Status. While initially conceived as a way to ensure access to the Status app on all smartphones, its scope was later expanded into a public good for Ethereum. As Jacek Sieka, Head of Research at Nimbus, told Cointelegraph: “The R&D performed by the Nimbus team is not specific to Status or …

In the financial industry, you know you’re becoming increasingly popular when the US Security Exchange Commission, or SEC, is looking to regulate what you do. That’s the current state of the Initial Coin Offering, or ICO, market. The SEC ruled in July that some of the “coins” being sold are securities, making them subject to regulations. The attention of the SEC prompts the question: just how big is the ICO market? Let’s take a look at the biggest ICOs so far — and how they happened. Filecoin: $250 mln and still counting Blockchain data storage network Filecoin began its initial …

Cointelegraph is thrilled to announce that the first part of our awesome Blockchain Oscar starts today. During the upcoming three days our expert board of judges will be scrutinizing project proposals submitted by our participants. Six shortlisted teams will be honored to proceed to the second and the final battle that will commence at the BlockShow Europe 2017 in Munich on April 6. There and then our finalists will pitch their ideas trying to win the love of our jury members and more than 500 BlockShow guests. What is at stake? Here comes the most exciting part. The prize fund …