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Nano releases its Universal Block Canary – Faces technical glitch on Binance

Sthuthie Murthy

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Nano releases its Universal Block Canary - Faces technical glitch on Binance
Source: Max Pixel

Earlier today, the Creator of Nano, Colin LeMahieu announced the release of Nano Universal Block Canary on his Twitter platform. But ever since the announcement, according to some Reddit users, Nano has been facing some technical glitch on Binance, the biggest cryptocurrency exchange platform in the world.

Colin LeMahieu says:

“Universal block canary has been released! Check your services to see if they’re handling them correctly and let us know of any issues.”

Nano [NANO] previously known as Raiblocks was launched in the year of 2015 by Colin LeMahieu, provides instant transactions with zero fees. The Universal Block Canary allows for faster, more secure and scalable transactions on the NANO blockchain. The update executes the consolidation of the pre-existing block types into one, namely the universal block type; the 4 block-types are open, change, send and receive.

Elementalemmental, a Reddit user says:

“The implementation of universal blocks also signals the release of official and final version mobile and desktop wallets, along with Nano Ledger hardware integration, both happening sometime in the near future. Once these are completed, the devs will finally start their marketing push, and I’m confident they have some interesting plans for adoption.”

Ebliever, a Redditor says:

“I agree that Nano is the best cash replacement, but this article errs in over-criticizing BTC. For example very few sites use 6 confirmations, 3 being the norm. The LN is already running and matches Nano in speed and scalability – but not in simplicity, feelessness or the elimination of miners (environmental impact and centralization threat). We want to persuade Bitcoiners with valid arguments, not irritate them with bad ones.”

Ever since the announcement of the release, some users have been facing transactional issues on Binance. Customers haven’t received their NANO on Binance and the deposits are stuck in the platform. People have started to speculate that the reason behind the issue might be due to the Canary Block. The Binance team hasn’t provided any statement regarding the issue.

Bloodbank5, a Reddit user says:



“I deposited NANO to my Binance wallet about 2 hours ago, but it hasn’t yet appeared. What gives? Transaction shows fully broadcast and confirmed on Nanode. “

Reichardtim, another Redditor says:

“The deposit might not be working because of the 2nd canary block release this morning? It will probably be fine with a day. Not sure if binance needs to update their node.”

According to CoinMarketCap, Nano [NANO] at press time, was trading at $5.70 with a market cap of $759 million and has seen a rise of more than 2% in the past 24 hours.





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Sthuthie Murthy is a full-time reporter at AMBCrypto. She has been researching and writing about the Blockchain technology for a year now. Her passion for blockchain has led her to be a part of AMBCrypto's news reporting team. She does not hold value in any cryptocurrencies currently.

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Tether’s [USDT] market capitalization hits all-time high, Facebook in talks with Winklevoss twins, trading firms over new cryptocurrency and more

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Tether’s [USDT] market capitalization hits all-time high, Facebook in talks with Winklevoss twins, trading firms over new cryptocurrency and more

Daily Crypto News – May 25

1) Bitcoin Wallet receives part of 5,000 BTC: A recent Whale Alert highlighted a transaction on May 24, where a large sum of Bitcoin [BTC] exchanged hands between two anonymous wallets. According to the alert the transaction took place at 22:13:23 + 1 minutes and 5,000.00001092 BTC was transferred from an unknown wallet, with address 19SiCYaYKZh9A8HUjuh14eg5wtYzKxiFbB, to another unknown wallet with address 14GcjGjxwadzcpmq9EG3KUgTKATjurbnWt.

Read more at https://bit.ly/2VRQwb0

2) Bitwise Report 2.0: Bitcoin [BTC] futures continues growth: On a month-on-month basis, Bitcoin Futures saw a massive bump in April trading at an average of 10,000 contracts daily, peaking on April 4, with over 22,000 contracts traded. To put that number in perspective, in March 2019, the average contracts traded was less than 4,000. Despite the high standards set in April, the average daily contracts traded in May, with 25 days gone has exceeded 14,000 and still looks to grow, given the price performance of Bitcoin.

Read more at https://bit.ly/2W40sTR

3) Craig Wright on private keys: Craig S Wright has, for years, claimed he is the true creator of Bitcoin [BTC] without providing a shred of evidence to support the same. With the crypto-community levelling, Wright could prove his worth by sending BTC from Satoshi Nakamoto’s touted wallet containing around 980,000 BTCs, the BSV man in a twisted cause and effect situation, stated he will “sign” into his wallet only when he proves he is the creator.

Read more at https://bit.ly/2X6fdlw

4) Tether’s [USDT] market cap hits ATH: Tether and Bitfinex are being closely scrutinized now more than ever due to the NYAG’s lawsuit; however, the scrutiny doesn’t seem to have affected Tether as the market cap of USDT has increased by over $100 million in approximately 70 days.

Read more at https://bit.ly/2McaTjE

5) Tether volume shift: Another controversial topic in the cryptocurrency industry was the issue of fake transaction volumes on many of the popular cryptocurrency exchanges. The magnitude of the topic was so large that even Changpeng Zhao, the Chief Executive Officer [CEO] of Binance had raised red flags. This topic and Tether as a whole received another twist when Larry Cermack, the Director of Research at The Block, pointed out a few parameters when it came to the said volume.

Read more at https://bit.ly/2wmk4mJ

6) Bitfinex’s LEO tokens listed on Delta Exchange: Bitfinex’s Leo tokens faced quite a lot of criticism when they were announced, due to the missing $850 million funds from Bitfinex. The private investment round by Bitfinex also faced a lot of heat from the media. However, in a recent development, Leo tokens are being listed on various exchanges for trading.

Read more at https://bit.ly/2HUEnNB



7) Robinhood en-route a projected valuation of $7 billion: Robinhood, the California-based cryptocurrency exchange made headlines recently when a source close to the organization revealed that it was on the verge of closing their latest round of funding at a valuation of a whopping $7 billion – $8 billion. Sources even claimed that the current round of funding could act as a precursor to an even bigger round of funding, which would pit Robinhood with the bigwigs like Coinbase and Binance.

Read more at https://bit.ly/2W64KKj





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