ethereum / 35 posts found

A major vulnerability has frozen hundreds of millions of dollars of Ethereum

by crypto journalist
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 […]

Bitcoin drops 28% below $10,000 on Coinbase; ethereum crashes 30% in 24 hours

by crypto journalist
Bitcoin briefly plunged below $10,000 late Tuesday afternoon on Coinbase, after first topping the psychologically key level in late November.

A beginner’s guide to Ethereum tokens

by crypto journalist
What is an Ethereum token? Before learning about Ethereum tokens, it is important to first understand the basics of Ethereum . Please see my beginner’s guide to Ethereum for those new to this concept entirely . Ethereum tokens are simply digital assets that are being built on top of the Ethereum blockchain. They benefit from Ethereum’s existing infrastructure instead of developers having to build an entirely new blockchain. They also strengthen the Ethereum ecosystem by driving demand for ether, the native currency of Ethereum, needed to power the smart contracts. This beginner’s guide should help those who are new to […]

Bitcoin and Ethereum Have a Hidden Power Structure, and It’s Just Been Revealed

by crypto journalist
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 […]

Canada trialing use of Ethereum blockchain to enhance transparency in govt funding – National

by crypto journalist
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 […]

Bitcoin, Ethereum, Ripple, cryptocurrency prices fall on January 16

by crypto journalist
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 […]

A hacker stole $31M of Ether — how it happened, and what it means for Ethereum

by crypto journalist
Yesterday, a hacker pulled off the second biggest heist in the history of digital currencies.Around 12:00 PST, an unknown attacker exploited a critical flaw in the Parity multi-signature wallet on the Ethereum network, draining three massive wallets of over $31,000,000 worth of Ether in a matter of minutes. Given a couple more hours, the hacker could’ve made off with over $180,000,000 from vulnerable wallets.But someone stopped them.Having sounded the alarm bells, a group of benevolent white-hat hackers from the Ethereum community rapidly organized. They analyzed the attack and realized that there was no way to reverse the thefts, yet many […]

Announcing instant bitcoin, ethereum and litecoin purchases on Coinbase

by crypto journalist
We are excited to announce the ability for customers to instantly purchase digital currency using a US bank account. Previously, customers who purchased using a bank account had to wait several days before receiving their digital currency. Customers can now buy up to $25,000* and receive access to their digital currency immediately.Our mission is to make Coinbase the most trusted, safe, and easy-to-use digital currency exchange. Instant purchases make it significantly easier and faster for customers to invest in the digital currency ecosystem. Reducing the time to receive digital currency has been a highly requested feature and we are pleased […]

Coinbase And Visa Are Making Bitcoin, Ethereum, Ripple’s XRP, And Litecoin Payments A Reality

by crypto journalist
Bitcoin and other major cryptocurrencies, including ethereum, Ripple’s XRP, and litecoin, have long struggled against accusations they are harder to spend and use in the real world than their traditional fiat counterparts. The bitcoin price, which leaped higher last week to trade around $5,000 per bitcoin , has been called too unstable and volatile to be used as a means of payment, resulting in bitcoin and other cryptocurrencies being used more of a store of value, like gold, than traditional means-of-exchange currency . Now, major bitcoin and cryptocurrency exchange Coinbase has teamed up with global payments processor Visa to try […]

Cryptocurrency sell-off continues as bitcoin, ethereum sink

by crypto journalist
Bitcoin fell below $10,000 for the first time since November, as a sell-off in cryptocurrencies continued for a second day.