Day: May 6, 2019

Ethereum DApp Transactions Set New All-Time High

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Despite reports that Ethereum has been conceding market share in the space of decentralized applications (DApps), after owning nearly 100 percent of the industry just a year ago, ETH transaction volume has registered a new all-time high. According to analytics firm Diar in a report published on May 6, Ethereum has hit an all time high in DApp-based transactions for Ether for the month of April 2019, beating out the previous record set in December of last year. April’s high for ETH-based transactions, which amounted to 776,000 Ether sent on-chain…

Moscow Student Councils Plan to Pilot Blockchain E-Voting in June

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Authorities of Moscow are planning to pilot blockchain-based electronic voting in university student council elections in late June 2019, establishing methods that the city’s mayoral election may be next to apply, Russian news agency TASS reported on May 6. According to the report, the project is set to be tested with the support of the Moscow Department of Information Technology (DIT) and the Moscow City Election Commission (Mosgorizbirkom). DIT deputy head Artem Kostyrko revealed that technical specifications for the pilot program will go to Mosizbirkom in mid-May for approval. Once…

Starbucks Working With Microsoft for Blockchain-Based Coffee Tracking Platform

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United States-based coffee chain Starbucks will implement tech giant Microsoft’s Azure Blockchain Service to track coffee production, tech news site GeekWire reports on May 6. Starbucks first announced its “bean to cup” initiative in 2018, stating that it would work with farmers in Costa Rica, Colombia, and Rwanda to pilot a blockchain-based coffee-tracking system. The system will purportedly allow customers to track the production of their coffee and will open up potential financial opportunities for coffee bean farmers on the backend. Starbucks further noted that they would open source the…

Ether Transaction Volume on DApps Register New All-Time-High

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Ether (ETH) volumes on decentralized applications (DApps) have registered a new high, but new DApps coming on-chain are significantly low, crypto analytics firm Diar reported on May 6. The volume of ether transacted in April on DApps broke the previous record which was set last December by a small margin. This, Diar notes, marks a four-month growth trend in on-chain volumes, with 776,000 ETH transacted. Diar further notes that this year is the longest growth period in terms of transacted volume that  DApps have ever seen. Almost $132 million transacted…

Bitcoin Investors ‘Celebrate the Life and Work of Judas Iscariot’

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Charlie Munger, billionaire investor and vice chairman of American holding conglomerate Berkshire Hathaway, again criticized bitcoin (BTC), financial markets-focused news outlet Markets Insider reported on May 4. Munger — who was invited to an event by an unnamed digital currency investment group, but did not attend it — stated that bitcoin investors “celebrate the life and work of Judas Iscariot.” Munger thus reiterated his negative stance towards cryptocurrencies. Last February, Munger described the leading cryptocurrency as “totally asinine,” at the 2018 annual general meeting of the Daily Journal Corporation. He…

Tron Discloses Critical Vulnerability Which Could Have Crashed Its Blockchain

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The Tron Foundation disclosed a fixed critical vulnerability which could have crashed its blockchain on vulnerability disclosure platform HackerOne on May 2. The disclosure explains that with enough malicious requests, an attacker could have filled up all the available memory and effectively perform a Distributed Denial of Service attack on the TRX network by employing malicious code in a smart contract. The disclosure further explains the impact of such an attack: “Using a single machine an attacker could send DDOS attack to all or 51% of the SR node and…

Tron’s Super Amazing Blockchain Risked Being Crashed by a Single PC

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By CCN: According to The Next Web and explosive data from HackerOne, a security bounty website, a single computer could have shut down the Tron network by draining the cryptocurrency network’s resources. Bytecode Attack Threatened to Bring Tron to Its Knees We could dub the vulnerability a “bytecode” attack. The method involves using a massive piece of bytecode to consume the resources on Tron’s network, effectively shutting it down for things like processing smart contract requests and even transactions. The report’s summary reads: “A single request to submit a post…

Tron’s Super Amazing Blockchain Risked Being Crashed by a Single PC

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By CCN: According to The Next Web and explosive data from HackerOne, a security bounty website, a single computer could have shut down the Tron network by draining the cryptocurrency network’s resources. Bytecode Attack Threatened to Bring Tron to Its Knees We could dub the vulnerability a “bytecode” attack. The method involves using a massive piece of bytecode to consume the resources on Tron’s network, effectively shutting it down for things like processing smart contract requests and even transactions. The report’s summary reads: “A single request to submit a post…

Ecuadorian Shrimp Producers Join IBM’s Blockchain-Based Food Trust Ecosystem

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The Ecuador-based Sustainable Shrimp Partnership (SSP) is joining IBM’s Food Trust Ecosystem, using IBM’s blockchain technology to ensure the quality of SSP shrimp products, according to a press release on May 6. By joining the Food Trust Ecosystem, retailers and consumers will have access to production and development data on the SSP shrimp products. Director of SSP Pamela Nath said: “Our aim is to have SSP premium quality shrimp in supermarkets and on menus where the consumer can scan the QR code and find out which farm it is from,…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 6

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Though institutional players have been dabbling in cryptocurrencies, they are yet to take sizeable positions. This might change with the launch of Bitcoin trading by Fidelity. According to certain sources, the financial giant is only weeks away from offering cryptocurrency trading for institutional clients.…