Supplier dApp-solutions Level K revealed the details of the vulnerability in the network Ethereum, which was reported on 9 November. The disclosure is now public: https://t.co/xVwsG9EBET We appreciate it. – Level K (@levelk_io) November 21, 2018 The developers talked about the attack called “sabotage vector”, which exploited the possibility of random calculations using the address to which Ethereum coins were sent. The attack could be capitalized through the Minting of GasToken tokens, tied to the cost of gas in the Ethereum network, due to random calculations when receiving ETH to your address, and the initiator of the transaction would have…
Author: BlockchainJournal
During a recent international conference held in Yerevan, the capital of Armenia, Russian experts signed an agreement with Iranian representatives, which implies support in the development of a crypto-economy in a Middle Eastern country. Both states are under sanctions of Western countries, and therefore are looking for ways out of this situation. The joint agreement was signed by representatives of leading crypto industry organizations from both countries. The agreement was concluded between the Iranian blockchain laboratory (IBL) and the Russian Association of Cryptoindustry. IBL is an innovative hub that is concerned with the implementation of virtual technologies in the Islamic…
According to the audit report, stablecoin Circle (USDC) has successfully passed the test and is fully supported by the US dollar. Cryptocurrency audit was conducted by well-known company Grant Thornton LLP. At the end of October, Circle had $ 127,412,240, which exceeds the cost of tokens in circulation – $ 127,408,827. Thus, Circle has the opportunity to buy out all the tokens on the market. The audit was carried out in accordance with the norms and standards of AICPA (American Institute of Certified Public Accountants). It is worth noting that recently competitors Circle Gemini and Paxos have also been…
On Tuesday, November 20, a supplemented class action was filed with the federal district court of the Northern District of California against the largest US cryptocurrency company Coinbase, which contains data on the “false” statements of the latter when listing Bitcoin Cash in December 2017 and other details of probable insider trading, reported by CoinDesk . The plaintiffs argue that the exchange intentionally created the conditions for Bitcoin Cash's pampas and allowed a limited number of traders to sell at the best price. “As a result, individual responders and Coinbase allowed the company to earn substantial commissions on those trading…
Despite the fairly loyal attitude of Japan’s financial regulators to the crypto-industry, which has recently been self-regulated, local authorities continue to develop new measures to control services that work with digital currencies. During the ninth meeting of the Japan Financial Services Agency (FSA) research group devoted to cryptocurrencies, the country's financial authorities discussed the conditions for creating a legislative framework for monitoring the operation of crypto-wallets . What is the reason for this decision and how it will affect the work of the crypto market in Japan – read our material. According to the current law on payment services in…
According to the Lithuanian website Delfi, a round-table discussion was held in Brussels on November 20, which was attended by the head of the blockchain’s Vilnius center Egle Neumekstayte, EU Commissioner for the Development of the Digital Economy and Society Maria Gabriel and the Director General of Communication Networks, Content and Technology Roberto Viola. The meeting was attended by CEOs of Bosch, Deutsche Bhan, Shell, Ripple, MAERSK, Airbus, Philips, Schneider Electric, Fujitsu, Accenture. Among other things, the participants touched upon such topics as governance, trust by default, compliance with legislation, communication with citizens, organization of European-level sandboxes, industry cooperation and…
Financial analyst and co-founder of Fundstrat Global Advisors Tom Lee (Tom Lee) still adheres to his forecast of $ 15,000 for Bitcoin by the end of 2018. He stated this in the program Squawk Box on CNBC. At the same time, Lee acknowledged that on the crypto-marketplace “definitely” there was a “negative development”, which indicates a decrease in the impetus to growth. Nevertheless, he believes that institutional investors “did not necessarily suffer” because of recent market movements, despite the sharp drop in Bitcoin prices to $ 4,250. In this regard, Lee stressed the crucial role of institutional participation in the…
In the next few days, a bitcoin corrective price rally may develop, which, apparently, felt the bottom near the $ 4,000 mark. CoinDesk analyst Omkar Godboul shared this opinion. The first cryptocurrency , November 20, reached a 14-month low at around $ 4,048 (Bitstamp Exchange). Currently, the "grandfather" is trading just above the $ 4,500 mark. In general, over the past day BTC has grown by about 2%, and in absolute terms, the price has recovered by $ 500. The relative strength index (RSI) indicates the exit from deep oversold. The last time such low values on the three-day chart…
California-based Silvergate Capital Corporation has published details of a bitcoin-friendly start-up subsidiary of Silvergate Bank, which is currently preparing for an initial public offering (IPO). A prospectus (Form S-1) filed with the US Securities and Exchange Commission (SEC) states that the company is positioning itself as a “banking platform for innovators”. Currently, Silvergate Bank serves 483 “cryptocurrency clients”, which, according to the results of the third quarter of the current year, store funds in the financial institution in the amount of $ 1.7 billion. As of September 30, 2017, 114 market participants used the bank’s services. Thus, the growth in…
Stable USD Coin (USDC) coins from a Bitcoin startup Circle are fully secured with a fiat dollar, CoinDesk reports. The financial review was conducted by Grant Thornton LLP, a US subsidiary of the international organization Grant Thornton International. The latter provides audit, tax and consulting services to private and public companies in 130 countries. As of October 31, $ 127,412,240.89 were in the Circle vaults. This somewhat exceeds the number of tokens in circulation at that time (127,408,827 USDC). Thus, if necessary, the company was able at the end of last month to simultaneously redeem all the tokens released to…