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Shortly from the Cryptoworld 15/03 | Cardano, Robinhood Outages, Current values of cryptocurrencies …

3 min read
Shortly from the Cryptoworld 15/03 | Cardano, Robinhood Outages, Current values of cryptocurrencies ...

 

Cardano (ADA): Byron, Shelley, Hydra releases almost ready to be deployed

 

Charles Hoskinson, the CEO of Cardano’s parent company IOHK, announced a tentative release schedule for some of the company’s most highly anticipated releases. In a YouTube update published on IOHK’s 5th birthday, Hoskinson said that the Byron reboot release will go forward this month. The release will make connecting to the network much easier, reduce sync times, and enable faster restoration, he explained, adding that a concrete date will be released “soon.”

 

The most notable announcement from Hoskinson was the one regarding Hydra, the scalability solution set to be deployed on Ouroboros, Cardano’s proof-of-stake protocol. A result of five years of research, the solution will enable Cardano to build extensions to stake pools and accelerate transactions and smart contracts. However, he said that Hydra will not be interoperable with Tezos, EOS, or Ethereum 2.0. At the moment, only Cardano can use the solution, which can already be used to build applications on top of. More details.

 

Major Bitcoin Influencer ‘Can No Longer Recommend’ Trading On BitMEX

 

Following the recent major bitcoin and cryptocurrency market crash, popular influencer WhalePanda tweeted that he could “no longer recommend” trading on BitMEX, following criticism of the platform’s handling of the situation.

 

 

While prices plummeted, BitMEX, ‘very conveniently’ according to WhalePanda, went offline twice during peak trading, citing firstly a ‘hardware issue’ followed by a DDOS attack. Some traders and analysts suggested that there was no hardware issue, an idea which was swiftly rebutted by BitMEX. However, with the BitMEX insurance fund actually getting bigger during the crash, many questioned why it wasn’t used to prevent the rolling liquidations and stem the losses. Perhaps because there was a more profitable solution, according to some theories. More details.

 

Robinhood Outages During Historic Price

 

Technical reliability is not Robinhood’s strong suit, and three crashes in under two weeks is unacceptable for an app with over 10 million users — or so hundreds of traders think.

The company states it will be completing a major overhaul of the systems powering the platform, despite the fact that investors and users have shelled out over $900 million for its development. The outage of March 9 left the platform inoperable until 10:25 a.m. EDT, with services being restored at 3:30 p.m. EDT, less than 30 minutes before the markets closed. Even worse, on March 12, users reported that Robinhood was down again — a situation that raised even more questions. More details.

 

Current prices of top 10 cryptocurrencies

 

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