ETH Privacy Startup Aztec ‘Ignites’ Its SNARKs Generation Ceremony

Ethereum (ETH) privacy startup Aztec announced the launch of its zero-knowledge succinct non-Interactive argument of knowledge (SNARKs) generation via a cryptographic ceremony called Ignition. In a press release shared with Cointelegraph on Sept. 15 the startup also announced the closing of its latest round of investment with participation from A.Capital, Coinbase and Libertus Capital. A cryptographic ceremony Per the release, the multi-party computation ceremony is meant “to generate a set of encrypted points which will be used to derive all future Aztec notes.” The process will build an open source…

Developers of Ethereum DEX Protocol AirSwap Disclose Critical Exploit

Ethereum (ETH) decentralized exchange protocol AirSwap’s developers announced that they have discovered a critical vulnerability in the system’s new smart contract. AirSwap’s team announced its findings and a possible solution for all potentially affected users in a Medium post published on Sept. 13. A limited vulnerability Per the release, on Sept. 12 AirSwap’s development team found a vulnerability in a new smart contract, which has already been reverted to an older version in under 24 hours after the discovery. The exploit in question could have allowed an attacker to perform…

Ethereum Price Flashing Bullish — Can ETH Trigger an Altcoin Revival?

For the past two weeks, Ether (ETH) price has been a frequent topic of discussion among traders. Investors are beginning to wonder if the altcoin has finished its retrace from a 2019 high at $364 and this week Ether settled at the $170 support and proceeded to reverse course. Cryptocurrency Monthly Performance. Source: Coin360 While this is not terribly exciting, and not convincing enough to indicate a trend reversal, the excitement comes from the interpretation that if Ether bottoms and reverses course, other ailing altcoins will follow suit.  Traders will…

Kaleido Blockchain Implements QEDIT’s Zero-Knowledge Proof Solution

Enterprise blockchain startup Kaleido, a part of ConsenSys’s venture studio, became the first to implement crypto privacy firm QEDIT’s zero-knowledge proof solution. An optional feature QEDIT claims in a press release shared with Cointelegraph on Sept. 15 that this partnership with Kaleido will enable its private asset transfer feature as an off-the-shelf option for businesses using the platform. CEO and co-founder of QEDIT Jonathan Rouach added: “Kaleido has played a leading role in accelerating the deployment of enterprise blockchain technology by removing the need for companies to invest significant resources…

Aventus Announces Ethereum-Based Protocol to Enhance Ticketing Industry

The digital assets-focused blockchain-based protocol, Aventus, revealed its next code release Aventus Classic designed to create a more equitable and transparent ticketing industry. Alleviate fraud and provide transparency On Sept 12, Aventus Network announced in a blog post the release of Aventus Classic, a fully decentralized open-source Ethereum-based ticketing protocol designed to stop fraud and provide more transparency to the event ticketing industry. The announcement goes on to say: “This release marks our first real step in engaging with the open-source community, as Aventus Classic will now be open to…

Crypto News From the Spanish-Speaking World: Sept. 8–14 in Review

The Spanish-speaking world sees major cryptocurrency and blockchain developments with Uruguay approving a new bill that could be applied positively to ICOs, Cuba using crypto to access the global economy and Venezuela finally installing its first Bitcoin (BTC) ATM. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. Argentinian Bitex stops accepting balance charges in US dollars Cointelegraph en Español reported on Sept. 12, that the economic crisis in Argentina is now taking its toll on the country’s cryptocurrency operations.…

Record Bitcoin Trade in Venezuela as Top Bank Launches Petro Services – CCN.com

Venezuelan President Nicolas Maduro is pushing for Petro adoption, but locals are buying bitcoin in record amounts. | Image: Shutterstock The largest bank in Venezuela, the state-owned Bank of Venezuela, appears to have launched services to facilitate transactions in the country’s state-issued oil-backed virtual currency, the Petro. According to Decrypt, Bank of Venezuela customers have reported a new module integrated into the management interface of their accounts to facilitate registration for a digital wallet that supports the Petro. Anecdotal reports cited by the publication describe the wallet as having limited…

Hacker Spends $1K to Win Over $110K in EOS Betting Game Using REX

A hacker spent $1,000 in EOS to steal more than $110,000 in cryptocurrency through an exploit of EOS gambling game EOSPlay. Biggest DeFi service EOS REX used An alleged bug in EOSPlay allowed the attacker to steal 30,000 EOS via using EOS REX, a major decentralized financial (DeFi) service enabling EOS lending in exchange for extra CPU on the EOS blockchain, crypto-focused publication CryptoSlate reports Sept. 14. According to the report, the hacker used REX in order to ensure that blocks were filled with their transactions, allowing them to win…

Square Crypto Grants $100,000 to Open-Source Crypto Payment Processor

Bitcoin (BTC)-supporting payments service Square Crypto is giving the first of what will be many grants to support open-source Bitcoin projects to BTCPay Foundation. BTCPay receives $100,000 grant On Sept. 14, Square Crypto, the crypto-focused branch of mobile payment company Square, took to Twitter to announce that it is providing BTCPay Foundation with a grant of $100,000 to support BTCPay Server, an open-source cryptocurrency payment processor. BTCPay Server can allocate the funds to create anything, “as long as it’s free and open-source software that improves the security, scalability, privacy, user…

Chinese Authorities Plan Crackdown on Crypto Mining in Inner Mongolia

Regulators in the Chinese autonomous province of Inner Mongolia have issued a notice demanding a clean-up of the province’s crypto mining enterprises. Terms of notice As local crypto outlet ChainNews reported on Sept. 14, five departments within Inner Mongolia have determined the need to rectify the mining industry within the province. The organizations named were the Development and Reform Commission, the Public Security Department, the Office of the Ministry of Industry, The Financial Office and the Big Data Bureau. According to the report, the regulators’ position is that “The virtual…