Today is not a good news day for Ethereum. A vulnerability found within a popular wallet has frozen potentially hundreds of millions of dollars of the crypto currency in a second setback in recent months. Parity Technologies, the company behind widely used wallet service Parity, today disclosed an issue that could enable the contents of a wallet to be wiped. The issue affects multi-sig wallets — a technology that uses the consent of multiple parties for additional security on transactions — that were deployed after July 20. In other words, ICOs that were held since then may be impacted. It’s a […]
In cryptocurrency circles, calling something “centralized” is an insult. The epithet stems from Bitcoin creator Satoshi Nakamoto’s revelation: a monetary system doesn’t need a central authority, like a government, to work. That’s such a potent idea that it’s morphed into a battle among crypto-enthusiasts between good—that is, “decentralized”— currencies and evil ones, or anything with a whiff of “centralization,” that are assumed to threaten the utopian view of cryptocurrencies as the vehicle for a new financial world order. Do these arguments hold any water? Emin Gün Sirer, a cryptocurrency expert at Cornell University, says in many cases the jury’s still […]
The Canadian government has launched a trial to explore the use of technology in making government research grant and funding information more transparent to the public. For the trial, the National Research Council (NRC) is using the Catena Blockchain Suite, a Canadian-made product built on the Ethereum blockchain, to publish funding and grant information in real time. When the NRC creates or amends a grant, the pertinent information is stored on the Ethereum blockchain, and posted on an online database that Canadians can peruse. READ MORE: Federal government exploring ‘blockchain’ technology to boost innovation economy “Blockchains provide the ultimate in transparency and […]
Markets Insider The 10 biggest cryptocurrencies by market capitalisation are falling on Tuesday morning. Declining Japanese and South Korean trading volumes blamed for spooking the market. Cryptocurrencies surged in 2017 but have been marked by volatility so far this year. Meanwhile, independent financial advisor deVere plans to launch a crypto app. LONDON — The 10 biggest cryptocurrencies by market capitalisation are plunging on Tuesday morning, with all suffering double-digit percentage losses. Bitcoin fell as much as 14% in early trade, breaking through both $13,000 and $12,000 levels, but has recovered slightly since then. The decline appears to have spooked the […]
Bitcoin fell below $10,000 for the first time since November, as a sell-off in cryptocurrencies continued for a second day.
Launched a few days ago, CryptoKitties is essentially like an digital version of Pokemon cards but based on the Ethereum blockchain. And like most viral sensations that catch on in the tech world, it’s blowing up fast. Built by Vancouver and San Francisco-based design studio AxiomZen, the game is the latest fad in the world of cryptocurrency and probably soon tech in general. People are spending a crazy amount of real money on the game. So far about $1.3M has been transacted, with multiple kittens selling for ~50 ETH (around $23,000) and the “genesis” kitten being sold for a record ~246 […]
Tuesday, September 4: crypto markets are largely green today, with Bitcoin (BTC) inching upwards yet further, and several large-market-cap alts seeing solid gains, as Coin360 data shows. Market visualization from Coin360 Bitcoin (BTC) is trading at around $7,374 at press time, up over 1 percent on the day as it continues boost its newly won gains, according to Cointelegraph’s Bitcoin Price Index. Having reclaimed the $7,000 price point August 31, Bitcoin has seen a solid upwards trend and is now pushing $7,400. The top coin is trading an impressive $550 higher than its low on its weekly chart, with its […]
The beginning of September saw a shift in the mainstream financial approach to cryptocurrencies which could have a significant impact as time goes on. Late in August, Yahoo Finance announced that it would incorporate bitcoin, ethereum, and litecoin trading on its platform, according to Coin Telegraph. Prior to that, the platform offered statistics only. Currently, it also offers statistics on altcoins like bitcoin cash, ethereum classic, and EOS, although the trading capacity is limited to the prominent coins mentioned above. This development was heralded by some in the digital currency community as a crucial step toward the mainstream financial world’s adoption […]