This Cryptocurrency Plunges 14% With Rumors That Big Investors are Dumping
cryptocurrency news

This Cryptocurrency Plunges 14% With Rumors That Big Investors are Dumping

THELOGICALINDIAN - Blockchain startup Hedera Hashgraph HBAR are adverse abuse on Twitter Some letters accept claimed nodes accept been alone and there are accusations of blowing its association into not application the Hedera logo

This commodity has been adapted based on a abrupt accord with Hedera’s SVP of Communication. 

Hedera Says Its Nodes Aren’t Offline

This morning it was appear by Twitter user @Scams_alarms that 4 out of 13 of Hedera’s board nodes went offline after any explanation.

This comes aloof as 500 actor HBAR are to be apart tomorrow, December 31.

Hedera offers big promises — including a blockchain that is able of administration 10,000 affairs per additional (according to Forbes) — and the actuality that these four nodes are reportedly offline comes as a shock.

Zenobia Godschalk, Senior Vice President of Communications, refuted the claims that nodes were offline speaking to NewsBTC, saying:

“It is not authentic that four of the nodes malfunctioned. We accept apparent third affair advertisement sites advertisement assorted things, but it additionally appears some association are on vacation, so it’s adamantine to say back they’re accurate.”

Centralized Blockchains

Problems accept additionally arose accompanying to the firm’s Simple Agreement for Future Tokens (SAFT), advance affairs offered by cryptocurrency developers to investors.

@Scams_alarms letters that due to asymmetric appraisement in SAFT 1, 2, 3a, & 3b, the amount per badge is badly inflated. In relation, it warned users that SAFT 1 purchasers are acceptable sending millions to Binance to dump.

Update: Godschalk provided NewsBTC with two blogs from Hedera CEO and Co-founder Mance Harmon, from December 23 and December 28, in attempts to abode SAFT and agent coins.

Another noteworthy point is that the Hedera Governing Council — who ascendancy and defended the arrangement — consists of industry heavyweights like Boeing and Deutsche Telekom, reported Forbes.

Because of this, there appears to be apropos of a abridgement of accurate decentralization at the account of scalability and security.

The aggregation is additionally adverse accusations of “bullying” the association and not acceptance the use of the Hedera logo. For Bitcoin enthusiasts, abstinent the association use of the logo highlights the call of a absolutely decentralized cryptocurrency platform.

As per @Scams_alarms, @chasker, who according to his Twitter bio “work[s] for Hedera,” asked the association to not use the official Hedera logo:

Godschalk provided NewsBTC with the afterward account apropos Hedera logo usage:

“Regarding logo usage, it is actual that the logo cannot be acclimated for non-Hedera channels. This is to anticipate bodies from actuality scammed into cerebration that those channels are accouterment advice from Hedera.”

HBAR Down, Despite Promises

The Texas-headquartered Hedera Hashgraph launched its blockchain in September afterwards a continued analysis run.

According to the company, the blockchain is able of administration 10,000 affairs per second, compared to 15 affairs per additional for Ethereum and 2.8 for Bitcoin’s blockchain.

Last year, the aggregation aloft over $124 actor in three circuit of badge auction accessible alone to accepted investors; the aggregation began distributing its tokens aftermost September and allocated added than 1.4 actor HBAR to investors.

Some, like columnist and gold/silver enthusiast Michael Maloney (@mike_maloney) accept been advocates of the Hedera activity according to Twitter, but for others some of that absorption seems to accept ailing and waned:

 

In the accomplished 24-hours, HBAR is down about 14% to $0.0114 USD.