Day: May 16, 2019

Bitcoin Cash Hard Fork: Damage Control and Fixing the Bug

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Bitcoin Cash underwent a hard fork to upgrade network security and add a few key features, as reported by BTCManger on 15 May, 2019. The hard fork went as per plan but a bug on Bitcoin ABC’s client rendered the chain non-functional for a few hours. Bitcoin ABC Nodes Malfunction Bitcoin ABC, one of the top clients to run a node on the Bitcoin Cash network, ran into trouble as an attacker found a bug that could compromise the network – as a functional inefficiency, not a security flaw. The attacker, who…

Ethereum’s Decentralization in Question with 376 Wallets Holding One-Third of All ETH

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According to a new research by Chainalysis Inc., there are just 376 wallets holding as much as one-third of all the Ether, the token that runs the Ethereum blockchain. This figure is surprising for a few reasons, namely that it calls into question the level of decentralisation of the coin, as well as what the tokens are being used for. The cryptocurrency market is still a relatively small one, and in that there has often been cases where big wallets and Whales have had enough capital behind them to move…

Just 376 People Own 33% of the World’s Ether, Chainalysis Report Says

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A third of the world’s ether (ETH) is owned by just 376 people, according to Chainalysis research published on May 15. Despite controlling a large portion of ETH’s circulating supply, the study found these “whales” are responsible for just 7% of all transaction activity. Chainalysis concluded that while these individuals don’t necessarily have a meaningful impact on ETH’s price, they do contribute to market volatility when big sell-offs are made. These figures could be seen as an improvement compared with 2016, when whales owned 47% of ETH’s circulating supply. According to…

Stellar Node Outage Causes Two-Hour Complete Transaction Freeze

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Blockchain network Stellar (XLM) stopped confirming transactions for two hours on May 15, executives confirmed following a user post on social media. Stellar, whose lumens token is currently the eighth-largest cryptocurrency by market cap, went down entirely for around 110 minutes Wednesday. The cause, it appears, was a mass offlining of Stellar Development Foundation (SDF) nodes, which the majority of the network trusts. Accordingly, other participants failed to find consensus for blocks, and no transactions were validated until developers resolved the issue. “I really hope we’ll get a real debate…

Bitcoin and Ether Market Update: May 16, 2019

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Total crypto market cap added yet another $31.2 billion to its value since Monday, May 13 and now stands at $261.5. Top ten currencies are all in green for the 24-hour period with Stellar (XLM) and ether (ETH) leading the pack with 24 percent and 16 percent of gains respectively. At the time of writing bitcoin (BTC) is trading at $8,161 on the Bitstamp daily chart, while ether (ETH) stands at $265 and Ripple’s XRP climbed to $0.456. BTC/USD Bitcoin closed the previous week with a 22.5 percent of price…

Capital Outflows From Major Crypto Exchanges Exceeded Inflows by ~$622 Mln in Recent Days

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Blockchain data provider TokenAnalyst estimates that capital outflows from major crypto exchanges have exceeded inflows by ~$622 million over the past five days, Bloomberg reported on May 15. London-based TokenAnalyst has reportedly based its figure on an analysis of withdrawals and capital inflows on multiple crypto trading platforms — including Bitfinex, BitMEX, Binance and Kraken. While bitcoin (BTC) continues to rally and hit multi-month highs, Bloomberg’s report also makes the claim that its strong price performance may in part be inflated by recent capital flight from investors unsettled by the…

Every Investor Eventually Will Own Bitcoin

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By CCN: Travis Kling, a former L/S Equity Portfolio Manager at Point72, a hedge fund with $13 billion in assets under management (AUM), has said in the long-term, every investor will have some exposure to crypto assets like bitcoin. Kling, who founded crypto asset management firm Ikigai Asset Mangement, said: Every investor will have crypto asset exposure in their portfolio eventually. All of them. How early or late each of them are will matter a lot for that portfolio. The statement of Kling comes after the bitcoin price has risen…

Bitcoin Will Be ‘Alive and Well,’ Says Renowned Emerging Markets Investor Mark Mobius

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Veteran frontier markets investor Mark Mobius has said he believes cryptocurrencies will show resilience due to continuing demand for new forms of value transfer. Mobius made his remarks during an interview with Bloomberg on May 15. Mobius is a seasoned and pioneer investor in developing nations and emerging economies, earning international recognition for his decades-long work at global investment firm Franklin Templeton. Last year, he retired to launch a new asset management boutique, Mobius Capital Partners. Having previously adopted a cautious stance toward crypto, the investor told Bloomberg yesterday that…

Who Do You Trust? A Survey of Best Exchange Options in 2019

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It’s no secret to cryptocurrency experts that the industry had a rough year in 2018. But 2019 seems to have started off in a better direction. Bitcoin has exploded to over $8,000 and is showing strong support at those levels. With increased market awareness, many have been seeking which exchange is best for security, fees, and protection. The dangers of the cryptocurrency market are many, as the QuadrigaCX bankruptcy has aptly proven. And problems like the BitMEX deleveraging issue that occurred recently are, according to chainbits.com editor Afik Rechler, increasing…

Blockstream’s New Platform Allows Users Issue Security Tokens on Bitcoin Sidechain

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Photo: Blockstream / Twitter It has become known that Bitcoin startup Blockstream is working on the launch of a new tokenized securities platform. The platform will provide users with an opportunity to issue their own tokens by utilizing the firm’s custom-built Bitcoin sidechain, Liquid Network. Though many people still believe that tokens can be issued only by powerful corporations or governments, it is not really true as today the entire crypto sphere is not concentrated in the hands of big firms. And with its new project, Blockstream will prove that even…