Cryptocurrency

Ethereum delays its Constantinople upgrade Problems for Ethereum continued as the much anticipated Hard Fork Constantinople upgrade was further delayed as a code audit by ChainSecuirty-  a smart contract security audit firm found some serious security vulnerabilities to Ethereum smart contracts. The Core Development team took notice of the flaw, and on the following conference, they announced that the hard fork is now scheduled to occur on, or around, February 27th on block number 7,280,000. NZ’s popular exchange Cryptopia gets hacked Earlier this week, 2019 saw its first hack of a cryptocurrency exchange. New Zealand-based cryptocurrency exchange Cryptopia was reported to have suffered a security breach and went under unscheduled maintenance to assess the losses incurred. The team informed the community using its official Twitter handle which said that once the hack was identified by staff, the exchange informed and involved the appropriate government agencies includi...

An unauthorised transaction understood to be in the millions of dollars has taken place. Credits: Image: Getty; Video: Newshub Police are investigating a hack on a Christchurch-based cryptocurrency exchange. Cryptopia employees are currently speaking to police after experiencing what the firm is calling a "security breach". The hack has resulted in "significant losses" and trading has been suspended while police investigate. The exchange had been experiencing "unscheduled maintenance" since January 13. Cryptopia was founded more than three years ago by Rob (Hex) Dawson and Adam Clark. It allows users to trade a range of cryptocurrencies including Bitcoin, Litecoin and Doge. It has 1.4 million users. Cryptocurrency news site Coindesk reports the hack resulted in the loss of 19,391 Ethereum (ETH) tokens worth $2.44 million and 48 million Centrality (CENNZ) tokens worth $1.18 million. The missing tokens were all reportedly transferred from Cr...

Vinny Lingham who is a general partner at Multicoin Capital and the CEO of Civic said that the cryptocurrency market isn’t going to recover anytime soon . According to him, there is going to be a recovery eventually but it’s going to take a long time. Before the market can fully bounce back, it must recovery from the pain of this extended bear market. Lingham said that psychology plays a serious role in free markets and the market isn’t physiologically ready yet. Cryptocurrency Will Recover But It Will Take Time At the beginning of the year, there was a slight recovery among the top coins. ETH started trading in green carrying BTC, XRP and almost every other coin along. However, within the last few days, the price of cryptocurrencies have fallen significantly against the USD. Things aren’t looking bright and there is no guarantee that the prices will trade in green this weekend. Bitcoin (BTC) Price Today – BTC / USD The 2017 bull run was fueled by the rise in the number of ret...

As per the latest news published in Ars technical, few of the attackers have stolen nearly $500,000 worth of the Ethereum Classic digital currency by carrying out a compute-intensive hack that redrafted its blockchain, representatives with Coinbase, one of the foremost cryptocurrency exchanges. Mark Nesbitt mentiooned in a blog post, that over here the attackers were allowable to reorganize the Ethereum blockchain, Coinbase safety engineer. From there, the attackers were able to dual spend about 88,500 ETC, sense they were able to recuperate beforehand spent coins and transfer them to a new entity. As a result, the coins were successfully moved from the fair receivers to new units selected by the attackers. Nesbitt wrote: The function of mining is to add transactions to the universal, shared transaction history, known as the blockchain. This is done by producing blocks, which are bundles of transactions, and defining the canonical history of transactions as the longest chain of bloc...

Shiv Madan is CEO and co-founder of blockchain ticketing startup,  Blockparty . Madan previously served as COO at Time Inc.’s music brand NME.com. The following is an exclusive contribution to CoinDesk’s  2018 Year in Review .  The hash war between Bitcoin ABC and Bitcoin SV roiled the markets and dominated the cryptocurrency news cycle for a few weeks this past November. It made sense – the battle over the bitcoin white paper has been brewing between developers and early adopters for many years. Moreover, hash wars , whose warring factions deploy thousands of high-end computers to forge a new network consensus, are expensive and brutal, with obvious, and not so obvious, winners and losers. A hash war may not bring lasting peace, but at least it has the virtue of an ending. Hash wars are, in this way, far more distinguished than their nastier cousin: the endless hashtag wars. Twitter serves as the voice of the crypto world, but sometimes that voice is strangely dist...

Basis, a once-highflying cryptocurrency project, is shuttering. Formerly known as Basecoin, Basis raised $133 million in venture capital earlier this year to develop a so-called stablecoin, a cryptocurrency whose price remains fixed, despite market volatility. The company said in a post on its website Thursday that it would return the remainder of its funds to investors, including Andreessen Horowitz, Lightspeed Venture Partners, and GV, the venture capital arm of Alphabet , Google’s parent company. Salil Deshpande, an investor at Bain Capital Ventures who led the investment round in Basis, discussed Basis’ closure on the latest episode of Balancing The Ledger , Fortune’s show on the intersection of tech and finance. Deshpande said Basis tried to make changes to its intended product that would make it comply with U.S. securities law—the cause of its undoing—but the company ultimately found this wasn’t worth the effort. “The team explored a whole bunch of alternatives for what t...

A while ago, a government panel in India was appointed to recommend cryptocurrency measures for the creation of the new legal framework for these emerging assets. The panel that was appointed recently submitted its recommendations to the Indian government. The report was submitted to the Minister of finance in the country. While the full content of the work is yet to be made public, there has been a lot of speculation by experts in the industry about what it would be. A source familiar with the matter said: “To put an end to the speculation on virtual currencies like cryptocurrencies , the government has set up a panel to make recommendations that may be used to construct a legal framework for the regulation of cryptocurrencies within India.” The government-appointed panel is led by Subhash Chandra Garg who is also the Secretary of Economic Affairs in the country. The supreme court, in November, filed a counter-affidavit stating that the panel will deliberate on the draft about vir...

According to the reports from the World Bank, India recorded the largest remittance amount of $80 billion within this year alone. This $80 billion attracted $4 billion in fees for payment service providers. What does this mean for cryptocurrencies ? For starters, there are too many intermediaries when it comes to typical global remittance. For instance, a person who wants to send money from the New York, United States to New Delhi, India will not just send it directly. While it would seem like the money traveled in a straight line, it normally passes through different payment corridors. First of all, the money will get to a local bank in London and after a payment confirmation is received (normally days later), the money goes to Dubai where there is another partner bank. Few days after, the money gets confirmed and the receiver gets credited. At each corridor, a considerable amount is deducted as fees. This is why these typical payment models are expensive. These corridors often get ...

Spread the love As cryptocurrencies are becoming more and more popular, it’s somewhat understandable that keeping up with all the happenings within the sphere might feel a bit overwhelming. Since our mobile devices offer us today what was god-like power and accessibility only 20 years ago, it’s no wonder that most crypto traders and enthusiasts rely on them on a daily basis. Happily, there are a plethora of comprehensive apps for both popular mobile platforms, Android and iOS. Below, we have created a list of some of the best cryptocurrency apps (charting apps, portfolio trackers, news apps, personal wallets, exchange wallets) that should help you take your cryptocurrency “game” to the next level. Cryptocurrencies – Prices, News, Portfolio value (Ivo Stayonav) Cryptocurrencies, a currency tracker developed by Ivo Stayonav, is one of the most comprehensive apps currently on the market. It provides its users with a perfect mix of practicality and functionality, as it allows them to...

Don’t let anyone tell you that the Cryptocurrency world is slow right now because the market is bearish. This year we have had some of the most exciting things happen in the crypto world since the beginning of cryptocurrencies. If you would like any more proof than already available, just check out the news that crypto lending is coming to Australia. Industry Pioneers The Australian shores are about to be graced by their first crypto lending company. Helio Lending is the name of the company, and it is one of the most exciting news for cryptocurrencies in the world. The company purportedly give their clients 50% more spending power than they already have while holding on to their crypto assets. The company managing director and founder, John O’Shea, says that the goal of the company is to lend money to people who are holding their assets both in Australia and outside of it. The company will allow funds to return to a number of fiat currencies, including AUD, USD, EUR and HKD. The...

In 2013, the CEO of Silvergate, Alan Lane, bought his first Bitcoins. This was around the same time the bank started servicing its first cryptocurrency exchange. This was a rather bold move at a time when most financial institutions considered Bitcoin and the entire industry as a high risk investment or scam. Some other financial institutions didn’t even know what BTC was at this time. This was how the story of how Silvergate became the leading bank for cryptocurrency exchanges started. The Leading Bank For Cryptocurrency Startups – Silvergate On Friday, during the BlockFS conference that was hosted in New York, Lane talked about how his banks interest in cryptocurrencies started. In his words: “In a place where there are many companies raising money from VC firms, there isn’t any illegal thing going on but exchanges still had difficulties maintaining bank accounts. This is why I gave them the opportunity to bank with us while fulfilling our need for deposits.” Today, Silvergate ...

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