Day: January 15, 2019

Bitcoin Hovers Just Above $3,600 as Crypto Markets See Another Slump

boss

Tuesday, Jan. 15 — following a brief period of recovery yesterday, all of the top 20 cryptocurrencies by market capitalization are falling again. The only exception to this are two stablecoins Tether (USDT) and USD Coin (USDC), which are currently in the green. Market visualization from Coin360 As of press time, Bitcoin (BTC) is down 2.34 percent on the day, to trade at $3,615. The leading cryptocurrency started the day above the psychological threshold of $3,700, while on the weekly chart the highest price point was registered on Jan. 9…

Ethereum Clients Release New Software In Wake of Hard Fork Delay

boss

Major ethereum clients, including Go-Ethereum (Geth) and Parity, have released software updates following an earlier decision to delay the planned system-wide upgrade dubbed Constantinople. The upgrade was postponed Tuesday during a developers call, a move that came after blockchain audit firm Chain Security discovered a security vulnerability in Ethereum Improvement Proposal (EIP) 1283, one of the planned changes included in Constantinople. If exploited, the bug would have allowed for “reentrance attacks,” allowing malicious actors to withdraw funds from the same source multiple times. A new activation block for the upgrade…

Ethereum Constantinople Delayed, ETH Down 5%

boss

Ethereum Constantinople Blockchain Upgrade Delayed On Tuesday afternoon, approximately 48 hours before Ethereum Constantinople, five protocols focused on short-term scaling solutions and issuance reductions, was slated to go live, reports arose that the upgrade will be delayed. Christine Kim and Nikhilesh De of CoinDesk recently reported on the matter. The two journalists explained that on Tuesday, ChainSecurity, a smart contract auditor, revealed that the integration of Ethereum Improvement Proposal 1283 would allow for attackers to steal users funds. In an emergency call, which saw Vitalik Buterin, Hudson Jameson, Afri Schoedon,…

Vulnerability Is Found in Constantinople Hours After ETH Devs Call It ‘Least Eventful’ Hard Fork

boss

Ethereum’s (ETH) Constantinople hard fork faces a delay over a newly discovered security vulnerability allowing a reentrancy attack. The critical issue was detected by smart contract audit firm ChainSecurity and reported in a blog post Jan. 15. According to the company’s report, the Constantinople upgrade introduces cheaper gas cost (transaction fees) for some operations on the Ethereum network. As an unexpected side effect, this allegedly enables reentrancy attacks via the use of certain commands in ETH smart contracts. A reentrancy vulnerability allows a potential attacker to steal cryptocurrency from a…

Russia Buying Bitcoin To Ditch the US Dollar Could Be Fake News

boss

The prediction made by Russian economist Vladislav Gink that Russia could start a crypto bull run by buying off billions of dollars lacked sufficient evidence and could be fake news, Finder reported on January 15, 2019. Kremlin’s Alleged Crypto Buyoff Sparks Media Frenzy A ray of hope pierced through the dark clouds of the crypto winter when a Russian economist claimed Kremlin was considering investing billions of dollars of its federal reserves into Bitcoin. Vladislav Ginko, a lecturer at Moscow’s Russian Presidential Academy of National Economy and Public Administration, told…

Rising Blockchain Dev Salary May Not Mean Increasing Crypto Activity

boss

Rising blockchain developer salaries doesn’t necessarily mean crypto is on the upswing. | Source: Shutterstock Despite the 80 percent correction in the crypto market, blockchain developers are making $130,000 to $180,000 a year. But, the rising salaries of blockchain developers do not necessarily translate to an increase in developer activity in the crypto sector. Too Many Variables in Crypto Over the past two years, especially at the height of the bull market in late 2017, the crypto industry saw an inflow of talent from the technology and financial space. Some,…

Crypto Investor: Bitcoin (BTC) May Surpass Market Caps of Visa & Mastercard In 3 Years

boss

Focus On Bitcoin, Not BTC Since Bitcoin (BTC) burst onto the digital scene in 2009, the innovation, first headed by Satoshi Nakamoto, has been lauded as an optimized, decentralized version of Visa, Mastercard, and the like. And while the narrative has undoubtedly changed over the years, with the “BTC is digital gold” argument becoming a common sight, many believe that the world’s first blockchain network could still usurp centralized networks with ample research, development, and most importantly, time. In a recent edition of Off The Chain, a crypto-centric newsletter and…

Las Vegas Ponders Blockchain Technology in the Public Sector

boss

Las Vegas Ponders Blockchain Technology in the Public Sector January 15, 2019 by Akshay Makadiya Las Vegas city leaders are reportedly planning on making further forays into blockchain technology with a mind toward improving the deliverance of public services. The interest makes sense, as the city’s recently opened an innovation district and is aiming to become much more than just a tourist destination. Also read: Another Crash? Bitcoin Price Hinting at Another Fall to $2,500 Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts On Chain in the…

Mallorca Blockchain Days Brings the Bitcoin and Blockchain Community together to Palma de Mallorca

boss

Mallorca Blockchain Days, a conference for cryptocurrencies and blockchain technologies, is pleased to announce its upcoming conference happening on Friday, March 22 to Sunday, March 24, 2019. Organized by Mallorca Blockchain, it will be held in Palma de Mallorca (Spain), in the legendary Pueblo Español. Pueblo Español is known for its real open-air museum of magnificent Spanish architecture. The ground-breaking blockchain conference is set on March 23, 2019, in Mallorca, and the event itself will last for a day. However, there will be a day before and after intended for…

2019 Will Be Even Worse for Cryptos, Believes Famous Californian Professor

boss

Photo: DLD Conference / Flickr No one can be sure what the future holds, yet everyone like to bid on it. The cryptocurrency market has always been a top-notch topic of these bidding. Due to its highly volatile nature and an immense amount of capital circulating in the industry, the cryptocurrency market more resembles the Field of Wonders rather than traditional financial realm. At the times when Bitcoin price had been hitting a five-fold increase overnight, you only needed a little luck and timely action to make fortune. Yet with…