Day: September 26, 2018

Monero Developers Have Patched the ‘Burning Bug’

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The developers of open-source cryptocurrency Monero (XMR) have patched a bug that could allow an attacker to “burn” the funds of an organization’s wallet while only losing network transaction fees, according to an announcement published September 25. The bug was reportedly discovered after a community member described a hypothetical attack on the XMR subreddit. The bug could purportedly affect merchants and organizations in the XMR ecosystem, enabling an attacker to trigger significant damage. The blog post further describes how the bug would be exploited: “An attacker first generates a random…

Google will lift the ban on cryptocurrency ads in October

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Google will again allow cryptocurrency ads starting in October, ending a ban that was put in place this past June. Ads for cryptocurrency and related products were originally banned by Google in order to mitigate the potential for consumer harm. Now Google has found a way to mitigate harm while still allowing cryptocurrency-related ads, albeit in a limited capacity. Cryptocurrency exchanges in the US and Japan will be allowed to advertise with Google again in October. However, they will need to go through a certification process. Advertisers will be able to apply…

Panel Discusses Token Classification and Compliance for ICOs

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More than 45 representatives from major Wall Street firms and crypto companies took part in a meeting to discuss Initial Coin Offering (ICO) and cryptocurrency regulations in Washington D.C. September 25. The “crypto roundtable,” hosted by Congressman Warren Davidson in the last legislative session week before elections, gave a chance for industry representatives to express their concerns regarding possible regulations of the crypto space. Namely, experts told lawmakers that there is a pronounced lack of regulatory clarity for ICOs and digital currencies. Roundtable participants discussed “token taxonomy,” aiming to describe…

XRP Price Analysis:IMF Official to Attend Ripple Sponsored Event

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Though sellers are back, XRP is up 50 percent on a weekly basis. That’s down 50 percent from early this week when XRP prices were trading at around 60 cents. Still, we retain a bullish overview expecting buyers to pick up and even drive prices back to 80 cents by the end of the year. When we factor in everything, prices might get a boost during Ripple’s SWELL conference. That’s when thought leaders and policy makers from all over the world are expected to deliver their key notes. Latest Ripple…