Day: November 3, 2018

Lack of Diversity in Ethereum Smart Contracts Pose Risks to Whole Ecosystem, Report Says

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A lack of diversity of Ethereum (ETH) smart contracts poses a threat to Ethereum blockchain ecosystem, according to research by a group of analysts from Northeastern University and the University of Maryland released on Oct. 31. The paper, entitled “Analyzing Ethereum’s Contract Topology,” claims that most Ethereum smart contracts are “direct- or near-copies of other contracts,” which represents a potential risk if a copied smart contract contains a vulnerable or a buggy code. Partially supported by the U.S. National Science Foundation, the study has analyzed Ethereum smart contracts’ bytecodes during…

Crypto Markets See Mixed Signals While BCH and XLM Grow Significantly

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Saturday, Nov. 3: crypto markets have seen mixed signals over the day, with most of the top 20 cryptocurrencies by market cap experiencing. slight fluctuations. Bitcoin Cash (BCH) and Stellar (XLM) are seeing significant gains on the day of more than 3.5 percent, according to CoinMarketCap. Market visualization from Coin360 Following a slight price rebound, Bitcoin (BTC) has failed to foothold the $6,400 price point today. The major cryptocurrency is down around 0.4 percent over the past 24 hours and is trading at around $6,348 at press time. The intraday…

Bitcoin Cash, Stellar, Monero, EOS, Ripple, ARK

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Bitcoin (BTC) turned ten on Oct. 31, but there were no fireworks to mark the celebrations: the cryptocurrencies continue to trade in a tight range. Arthur Hayes, CEO of BitMEX, believes that the current period of low volatility can remain for another 12…

Players Fight in Futuristic Post-Apocalyptic World to Get Real Prizes

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A new mobile “multi-blockchain” game, supporting a whole range of different cryptocurrencies, is ready to be launched in late November 2018. Estonian game-developer Ether Dale, created Glitch Goons, a player versus player (PvP) automatic fighting game where users can buy special items during their presale to customize and upgrade their characters. Features of the game Ether Dale describes Glitch Goons’ universe as a futuristic post-apocalyptic world where cybernetic animal-humanoids fight with each other. There is also an advanced character management system which allows players to modify and upgrade their fighters…

Bitcoin Cash Surges 12% Prior to Hard Fork as Coinbase Reveals Support

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Twitter Facebook LinkedIn Over the last 24 hours, Bitcoin Cash (BCH) has increased by around 12 percent from $425 to $477 prior to its hard fork. On November 2, CCN reported that Bitcoin.com and Binance decided to support the version of Bitcoin Cash set forth by ABC, the original developers of the BCH software that forked the Bitcoin blockchain network last year. Upon the announcement of Bitcoin.com and Binance, the price of Bitcoin Cash increased from $425 to $460, briefly reaching $470. Since then, the price of BCH has risen…

Overstock Rwanada Launch Blockchain Land Rights Platform

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Twitter Facebook LinkedIn Medici Ventures is a wholly owned subsidiary of Overstock, one of the most cryptocurrency friendly businesses in the world, whose CEO has frequently promoted the use of bitcoin and other cryptos. Medici is specifically geared toward blockchain businesses, development, and technology, and on Thursday it signed a second Memorandum of Understanding with the Rwandan Government (specifically the Land Management and Use Authority and Information Society) for the development of a blockchain-based land management and property rights platform. In a nutshell, the blockchain will be used to secure…

Why Blockchain Is the Right Fit for Gold and Diamonds

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This week, two major news within the precious metals industry broke. First, the world’s largest diamond company, Russia’s Alrosa, joined a blockchain project aimed at increasing transparency. Secondly, the world’s largest bank, JPMorgan, reportedly started to use its blockchain to tokenize gold. Indeed, blockchain has been pioneering both gold and diamond industries — complex ecosystems that heavily rely on supply chains, where cargo passes through dozens of geographical locations before arriving at its destination. The technology has helped to avoid corruption and improve quality by tracking valuable assets at every…

Russian State Duma Committee Considers Launch of Central Bank-Issued Stablecoin

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The chairman of Russia’s State Duma Committee on Financial Markets has claimed that the entity is considering the launch of state-backed cryptocurrency pegged to the Russian ruble, Russian radio news station Govorit Moskva reported Friday, Nov. 2. Speaking at a press conference on the increase of the household debt load, Chairman Anatoly Aksakov expressed his confidence that the government will back a cryptocurrency, “but it will be a ruble-pegged cryptocurrency.” The deputy clarified that the implied coin will represent a blockchain-powered stablecoin pegged 1:1 to the ruble. Aksakov further described…

‘Tis the Season — to Evaluate Bitcoin’s Price Performance

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Twitter Facebook LinkedIn By Rafael Delfin, Head of Research at Brave New Coin, a leading provider of high-value cryptocurrency market data and insights, since 2012. October 31st, 2018 marked the 10-year anniversary of the publication of Bitcoin’s white paper. While it was initially circulated among a small and obscure cryptography mailing list, one decade later, the implementation of the mythical white paper is disrupting the world’s notion of money, sovereignty, and everything in between. Since its inception, bitcoin’s performance has been nothing short of extraordinary. With its highly volatile nature,…

Crypto Markets See Hint of Green, Top Cryptos Keep Trading Sideways

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Thursday, Nov. 1: crypto markets have seen a hint of green, with many of the top 20 cryptocurrencies seeing slight growth. The slight growth in markets follows a recent sell off on Monday, when the price of Bitcoin (BTC) dropped from $6,480 to as low as $6,344. While 19 out of the top 20 cryptocurrencies by market capitalization have seen some growth today, almost all of them are still firmly in the red over the past 7 days. Market visualization from Coin360 The major cryptocurrency Bitcoin is up almost 0.9…