Day: November 12, 2022

Ethereum is now 'the foundation of the internet', here's how – Consensys' David Shuttleworth

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io David Shuttleworth, DeFi economist at Consensys, discusses the future of Ethereum adoption post-Merge with David Lin, Anchor for Kitco News. Follow David Lin on Twitter: @davidlin_TV ( Follow Kitco News on Twitter: @KitcoNewsNOW ( Follow Consensys on Twitter: @ConsenSys ( 0:00 – Why was the ETH Merge necessary? 2:43 – Energy efficiency 4:23 – Ultra sound money 8:20 – Ethereum supply 11:28 – ETH deflation 15:42 – ETH applications 21:12 – Decentralization 23:50 – Validators 25:23 – Sharding 26:50 – ETH mass…

What is a 51% attack and how to detect it?

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Despite being underpinned by blockchain technology that promises security, immutability, and complete transparency, many cryptocurrencies like Bitcoin SV (BSV), Litecoin (LTC) and Ethereum Classic (ETC) have been subject to 51% attacks several times in the past. While there are many mechanisms by which malicious entities can and have exploited blockchains, a 51% attack, or a majority attack as it is also called, occurs when a group of miners or an entity controls more than 50% of the blockchain’s hashing power and then assumes control over it.  Arguably the most expensive…

What is the long-term solution?

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Even as the ongoing Binance-FTX saga continues to dominate the crypto airwaves, there has been a growing trend — an uneasy one at that — that has been garnering the attention of many digital currency enthusiasts in recent months, i.e., hackers returning partial funds for discovering exploits within a protocol.  In this regard, just recently, the bad actors behind the $14.5 million Team Finance attack revealed that they would be allowed to stay in possession of 10% of the stolen funds as a bounty. Similarly, Mango Markets, a Solana-based decentralized…

Should You Get Your Crypto Out Of Coinbase? Will They Take Your #SHIB #ETH #BTC

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Coinbase could take all of your cryptocurrency including Shiba inu Coin SHIB in the event it files bankruptcy, but how likely is this to happen? LIMITED TIME OFFER: Get 5 FREE stocks by opening & funding a #Webull brokerage account! Let’s Get Started! Join Robinhood with my link and we’ll both pick our own free stock 🤝 Buy Crypto on Gemini Get $10 in Free Bitcoin: Buy Crypto on Crypto.com and Earn Free CRO Coin: Use my referral link to sign up…

Bitcoin will shrug off FTX ‘black swan’ just like Mt. Gox — analysis

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Bitcoin (BTC) will recover from the FTX “black swan event” just like other setbacks, trading team Stockmoney Lizards believes. In a tweet on Nov. 12, the popular commentator argued that the week’s events were actually nothing new for Bitcoin. FTX “a real black swan event” Despite falling 25% in days, BTC/USD is not doomed as a result of the insolvencies impacting FTX, Alameda Research and possibly other major crypto companies. For Stockmoney Lizards, the unravelling, while sudden, is not hugely different to liquidity crises from earlier in Bitcoin’s history. “We…

BTC Heads Lower on Saturday, as FTX Saga Continues – Market Updates Bitcoin News

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In a week of turbulence, cryptocurrencies maintain this sentiment into the weekend, with both bitcoin and ethereum moving lower. Bitcoin once again slipped below $17,000 on Saturday, as it was reported that a hack on FTX had taken place. Ethereum also moved lower today, as the token remained below $1,300. Bitcoin Bitcoin (BTC) was back below $17,000 to start the weekend, as markets reacted to the latest news surrounding FTX. It was reported that FTX had suffered a hack, which saw $600 million withdrawn from the collapsing platform. In a…

Cryptocurrency पर वित्त मंत्री के बयान के क्या मायने? | Coffee & Crypto

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io कॉमर्स और इंड्रस्ट्री मंत्रालय ने संसद में बताया है कि क्रिप्टो स्टार्ट अप्स के भारत से जाने पर सरकार के पास कोई जानकारी नहीं है. बता दें कि टीएमसी नेता डेरेक ओ ब्रायन ने इस मुद्दे को लेकर संसद में सवाल पूछा था. वहीं इस पूरे मामले पर वित्त मंत्री ने भी अपना बयान दिया है. इस बयान के क्या मायने हैं? जानिए एक्सपर्ट्स से .  The absolute latest on cryptocurrency on our new, special site In partnership with @CoinSwitch Kuber .…

FTX Reportedly Hacked as Telegram Group Admin Comments on Possible ‘Malware’ Present in Apps, Irregular Fund Movements Registered Onchain – Bitcoin News

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Admins of the Telegram group of the FTX community stated that the platform had been hacked and all of the funds of the exchange seemed to be gone. FTX U.S. General Counsel Ryne Miller, who reportedly pinned the message in the group, explained he was investigating “abnormalities” regarding FTX balances across other exchanges. FTX Officials Report Being Victim Of Hack On Telegram An admin of the now-closed Telegram group of the FTX community announced that the exchange was the victim of a hack attempt on Nov. 12. The message, which…

LBank Announces to Publish an Auditable Merkle Tree and Proof of Reserves (POF) – Press release Bitcoin News

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press release PRESS RELEASE. INTERNET CITY, DUBAI, Nov. 12th, 2022 – Global crypto exchange, LBank, has recently announced that it will share its Merkle-tree proof-of-reserves, in view of recent concerns about the opaque nature of certain industry issues. LBank gave a public statement on November 9th stating that the exchange hopes to facilitate industry transparency and built a strong foundation of trust between exchanges and investors. LBank stated in an announcement and Twitter post to their users that “We believe that it is crucial for tier-one cryptocurrency exchanges to publicly…