Tag: Bancor

Bancor, a decentralized crypto exchange that raised $153 million in June 2017, has lost $12.5 million in ether, the native cryptocurrency of Ethereum, in a recent security breach. However, the blockchain protocol and its developers were criticized not for the theft of their funds, but for their ability to freeze funds using a centrally controlled system. Start of Controversy: Freezing…

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In a bid to help combat poverty, Bancor, the “decentralized liquidity network,” is launching a blockchain network to support community currencies in Kenya. Bancor’s Cryptocurrency Push This is to be achieved through a partnership with Grassroots Economics, a non-profit organization that develops community currency programs in Africa. Under the initiative, the currencies network will be piloted in two of the…

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Hong Kong – May 11, 2018 – Hash Network Limited (HSHC), one of the first providers to offer a crypto debit card with instant conversion, announced today its integration of the Bancor Protocol to provide continuous liquidity for the Hash Card platform. Earlier this week, Hash Card received over 1500 applications in the first 48 hours and raised over $1.5…

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The Bancor Network, a blockchain project endorsed by prominent billionaire investor Tim Draper, recently raised $150 million in an initial coin offering (ICO). However, the development team behind Bancor was criticized for the abrupt extension of investment period and its untested code. On June 12, Bancor extended the investment timeframe of its ICO by three hours due to supposed attacks…

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