EOS Network Suffering From Degraded Performance, Says Coinbase

The exchange posted a tweet two days later, stating that the EOS network was still suffering from degraded performance and that external EOS sends have been temporarily disabled, but buys and sells of EOS within the cryptocurrency exchange were functioning normally.

Major American cryptocurrency exchange Coinbase said that the EOS network is having some issues.

On Feb. 20, Coinbase issued a status update stating, “EOS network has degraded performance. Sends and receives might be delayed.”

However, EOS block producer EOS Nation responded on Feb. 22 that, although there had been issues with micro-forks on Feb. 20, the EOS mainnet was “currently extremely reliable.”
The tweet included a chart showing a slight blip on Feb. 20, where 192 blocks had been missed due to the micro-forking issue, but indicated a stable mainnet performance over the past two weeks.

Previous performance issues

The EOS network has had performance issues in the past, and the chart posted by EOS Nation only goes to highlight that. In the last week of January it missed an average of 20,000 blocks per day.
As Cointelegraph reported October 2019, research claimed that EOS could be hit by congestion attacks which could freeze the network. The exploit seemingly allowed an attacker to steal over $110,000 worth of crypto from an EOS gambling application. EOS’ parent firm Block.one claimed that the network was operating normally.

The network had several problems with freezing just after launch, and has recently suffered from network congestion problems due to the EIDOS token airdrop.

Exchange Technology Developer AlphaPoint Raises $5.6M in Latest Funding Round

Exchange software provider AlphaPoint has secured funding it says will finance the development of sophisticated trading features.The New York-based firm announced Thursday it has successfully raised $5.6 million in an additional funding round, taking its total capital raised to date to $23.9 million.

Established in 2013, AlphaPoint provides white-label trading software used by over 150 exchange clients around the world, according to the firm’s figures. The company added support for security token offerings (STOs) a year ago and margin trading features last November.

The latest investment will go towards developing new trading features, including improved margin trading and liquidity solutions, and advanced brokerage capabilities. AlphaPoint co-founder and CEO Igor Telyatnikov commented that the raise meant the firm could “continue delivering on our mission to enable access to digital assets globally.”

AlphaPoint raised $15 million in its first major funding round in June 2018, with assistance from crypto merchant bank Galaxy Digital. Its unclear if Galaxy also participated in the latest round, as none of the investors’ names were disclosed in the announcement. CoinDesk has contacted AlphaPoint for more information.

In other news from the firm, the CEO of financial advisory firm Janney Montgomery Scott, Tim Scheve, has joined AlphaPoint’s board of governors. Scheve is also a member of the board of governors at the Financial Industry Regulatory Authority (FINRA), the body responsible for regulating U.S. brokerage firms.

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