After more than 15 percent of the EOS community has already voted, Bitfinex — one of the leading candidates — has deployed an open-source voting tool which affords users the ability to vote directly from the trading platform while, at the same time, being able to trade. Bitfinex Ballot, as the tool is dubbed, is already available for voting and for deployment on other exchange platforms. To the Bitfinex Ballot Box The world’s sixth largest
After various delays, the ICON (ICX) token swap is almost upon us. Here’s everything you need to know before the platform switches out its ERC20 ICX tokens for mainnet ICX tokens! In the coming days, ERC20 ICX tokens will be swapped out for mainnet ICX coins. The exchange rate will be pegged to a ratio of 1:1, and mainnet ICX coins will not be backward convertible into ERC20 tokens. I just published “ICX Token swap
Syscoin, an instant payment cryptocurrency, has fallen victim to a malware attack after a hacker reportedly inserted a tainted Syscoin Windows client into the project’s GitHub account. Syscoin Compromised According to the project’s development team, a hacker replaced the official Windows client with another version containing malware. Users of the software alerted the development team to the presence of the malware in the Windows client when the program started showing up on their computers as malicious.
George Friedman, a well-respected Hungarian-born U.S. geopolitical forecaster and strategist on international affairs, believes blockchain technology will eventually become “obsolete” — and he may be right. ‘It’ll be Obsolete’ Geopolitical forecaster George Friedman thinks the blockchain’s days are numbered. Friedman explained his view of Bitcoin’s underlying technology to CNBC late last week at the UBS CIO Global Forum in New York. The chairman of Geopolitical Futures explained: I’ve never known any encryption technology not to be
John McAfee, one of the most opinionated figures in the cryptocurrency community, has clashed with US Securities and Exchange Commission’s (SEC) chairman over the labeling of initial coin offering (ICO) tokens as securities. Speaking via his Twitter account, the tech activist and internet security expert vowed to fight the SEC’s pronouncement. McAfee on the Warpath John McAfee is usually not shy when expressing his views. Ever since Securities and Exchange Commission (SEC) chairman Jay Clayton
It appears that a bug in the ICON smart contract has disabled ICX token transfers. One Reddit user reported a few hours ago that the bug prevents ICX tokens from being moved from any wallet. Modifier Code Flaw Responsible for the Problem According to the Reddit poster, the ICON smart contract bug is the same one found in another cryptocurrency project called Yggdrash. The bug is reportedly a flaw in the modifier code as seen
Authorities in Italy have seized bitcoins from the company wallets of controversial exchange BitGrail as part of standard pre-bankruptcy proceedings. BitGrail was hacked in February 2018, with $170 million dollars’ worth of Nano stolen — which subsequently lead to a major price crash for the coin. BitGrail’s blog was updated today, June 15, 2018, with the following announcement: On June 5, 2018, pursuant to the Tribunal of Florence orders, the Bitcoins contained in the company’s
Having passed the 15 percent threshold needed for a quorum to be constituted, the EOS network is now up and running as all normal functions are supposedly activated. Concentration of Voting Power In an official announcement, the team said that the network has successfully produced its first block. Yet, taking a closer look at the voting statistics shows alarming signs of centralization and concentration of power. As previously reported, 50% of all EOS tokens are
Gab, a social network messaging platform that describes itself as a place “where people, free expression, and individual liberty come first,” has announced that its Coinbase account was suddenly closed by the popular US-based crypto exchange. Gab: Centralized Exchanges ‘Contradictory to Everything Crypto Stands For’ Gab is a relatively young social networking platform launched in August 2016 as a response to censorship controversies involving major social media companies — such as Facebook and Twitter — which
Amid the ongoing overall market correction, Cardano (ADA) and Status Token (SNT) surge in price following Bithumb’s announcement that it will list both cryptocurrencies on its exchange. ADA and SNT to be Listed on Bithumb Bithumb, which is currently the sixth largest cryptocurrency exchange by means of trading volumes according to CoinMarketCap, announced that it will be adding Cardano and Status Token to its trading lists. Cardano(ADA) and Status Network Token(SNT) will be listed on
Bitcoinist has once again caught up with Mati Greenspan, Senior Market Analyst at eToro, the most popular social trading platform in the world with millions of users. Greenspan keeps a close eye on cryptocurrency markets and shares his thoughts on the recent Bitcoin price plunge and why he believes this current downtrend nothing out of the ordinary. The price could easily reach $2,000 or $20,000 in the next two months. Neither would surprise me very much.
Jonathan Johnson, ex-chairman of Overstock’s board of directors, touched on the benefits of cryptocurrencies and noted the tremendous potential of blockchain-based technology. Despite the currently hemorrhaging market, he still sees a lot of advantages in utilizing cryptocurrencies over traditional credit card payments. Better Than Credit Cards Currently sitting on the Board of Directors of Overstock.com – a major online retailer accepting cryptocurrencies as a payment method — Jonathan Johnson shared his overtly positive sentiment
Following an earlier push for legislative measures to regulate cryptocurrencies, Russia moves to determine how they would be classified by law. Head of State Duma Committee says they will be regarded as ‘digital rights’ rather than cryptocurrencies. Digital Currencies to be Reclassified as ‘Digital Rights’ Back in May, regulations were proposed to eliminate the risks associated with the unregulated nature of cryptocurrencies. Now, Head of State Duma Financial Market Committee, Anatoly Aksakov, confirmed that the drafts
Popular cryptocurrency exchange platform Binance has announced the addition of Siacoin (SC) to its catalog of supported altcoins. The platform announced the token listing via a post on its website on June 14, 2018. This latest addition brings the total number of supported digital currencies on the platform to 354. Siacoin Trading Pairs on the Binance Platform According to the announcement, Binance will open trading for three SC trading pairs – SC/BNB, SC/BTC, and SC/ETH. The
Days after Tether (USDT) gained a higher market cap than Monero and Dash, new research has reignited suspicions that the altcoin “manipulated” Bitcoin prices. Cryptocurrency Highs Fuelled By Tether The product of two researchers at the University of Texas, the paper — titled Is Bitcoin Really Un-Tethered? — claims to have identified potential evidence of direct price manipulation since November 2017. Bitcoin’s all-time highs around $20,000 one month later — and those of major altcoins — were
Coinbase is now allowing accredited investors with deeper pockets the ability to utilize the Coinbase Index Fund, which offers exposure to every asset listed on the popular exchange. Greater Exposure The previously announced Coinbase Index Fund has officially opened for investments of $250,000 to $20M. Reuben Bramanathan, Product Lead of Coinbase Asset Management, stated in an official announcement: We’ve seen overwhelming interest from investors since we announced the fund earlier this year. At this stage, we
Following the hack of a largely unheard-of cryptocurrency exchange in South Korea and a probe by US government investigators into Bitcoin price manipulation, the cryptocurrency market has once again broken to the downside — and things aren’t looking pretty. Brutality At the time of this writing, the total market capitalization for cryptocurrencies is sitting at roughly $283 billion USD — a number many would’ve found unbelievable following January’s high of over $830 billion. With bears
According to Chinese internet security firm Qihoo 360 Netlab, hackers have stolen $20 million in ether from poorly configured Ethereum mining rigs and third-party applications. Experts at the firm say the cyber-attacks target unsecured Ethereum nodes on the Internet. Details of the Hack On March 15, Qihoo 360 Netlab alerted the cryptocurrency community to the activities of hackers scanning the Internet for unsecured Ethereum nodes. At the time, the alleged cybercriminals had stolen 3.96 ETH.
Following an update to its App Store review guidelines, Apple has explicitly halted the design and development of iOS applications which can be used for direct cryptocurrency mining. Still, off-device cloud-based mining is not affected by the changes. Direct Cryptocurrency Mining is a No-Go Even though there’s no official record of when the update in the developer’s guidelines took place, Apple made it pretty clear that it is directly targeting the prevention of cryptocurrency mining.
US president Donald Trump inadvertently caused cannabis-focused altcoin PotCoin to jump 20 percent after his summit with Kim Jong-un. Rodman Showcases ‘Support’ — And PotCoin In a curious first win for cryptocurrency as a direct consequence of the summit, PotCoin became its unofficial sponsor after retired US basketball player Dennis Rodman arrived to “give support” to the two leaders. Wrote Rodman on Twitter: Thanks to my loyal sponsors from [PotCoin] and my team at [Prince
P2P content sharing giant BitTorrent has a new owner — TRON platform founder Justin Sun — multiple reports began claiming on June 11. A Merger Of Two Rainberries Following original rumors late last month, it now appears Sun has completed an acquisition of BitTorrent, with staff even receiving official notifications of the takeover, Variety states. Sun had begun negotiating for BitTorrent as early as September last year — with the intent to purchase coming in
Coinbase, the largest cryptocurrency exchange in the United States in terms of trading volume, has announced its intention to add support for Ethereum Classic (ETC) to its ecosystem. Classic Coinbase After announcing that it intends to become the very first cryptocurrency broker-dealer in the U.S., Coinbase announced earlier today that it will add Ethereum Classic (ETC) to its trading platforms in the coming months. We are pleased to announce our intention to add support
While the price of Bitcoin continues its downtrend, it’s safe to assume that institutional investors are waiting for the holy grail of all catalysts: a Bitcoin exchange-traded fund. According to one expert, you can see the prized ETF on the horizon — if you squint hard enough and get out your binoculars. Patience is a Virtue The US Securities and Exchange Commission continues to drag its feet in regards to a Bitcoin or cryptocurrency exchange-traded