Users of Ethereum software issued by Parity Technologies face enforced updates this week after warnings a testnet vulnerability could spread to the Ethereum network, according to Parity’s blog post June 6. Parity is a UK-based provider of infrastructure software for interacting with the Ethereum network. A blog post from the company June 5 originally flagged the security problem, describing it as a “potential consensus issue with Parity Ethereum.” Alert: Please update your Parity Ethereum clients to 1.11.3-beta or 1.10.6-stable asap. https://t.co/QNxzv74kSF — Parity Technologies (@ParityTech) June 6, 2018 Users affected would see their transactions fall out of step with the …

Ethereum Classic (ETC) has now successfully implemented a protocol upgrade that will ensure that mining remains viable in future, according to ETC Block Explorer data yesterday, May 29. The fork, dubbed ECIP-1041, has removed the so-called “Difficulty Bomb” feature from the ETC network at block 5,900,000. The ‘bomb’ was a component of the original Ethereum (ETH) code that was designed to exponentially increase the difficulty of mining to the point where it would become impractically slow, thereby triggering the need to transition to a Proof-of-Stake (PoS) consensus algorithm. This feature has commonly been referred to as the ‘Ethereum Ice Age,’ …

A Brazilian researcher has calculated that it could take just $55 mln to hack a major cryptocurrency network for $1bln profit in new findings, TNW reports Friday, May 22. Husam Abboud of FECAP University in São Paulo used the example of Ethereum Classic (ETC) to demonstrate the hackability of cryptocurrency networks using Proof-of-Work (PoW) algorithms. “We can safely estimate The Cost of a 51% attack on Ethereum Classic today to be between 55 to 85 million [USD] (averaged $70 million),” Abboud reported. The findings seemingly contradict previously-held assumptions that conducting network attacks - successful 51% attacks to control hashpower - …

A week-long vote on a proposal in regards to the Parity hack wallet reversal, which proposed to restore a disabled contract to unfreeze 587 wallets holding 513,774.16 Ethereum (ETH), equal to around $360 mln at today’s prices, has ended with a majority “no” vote today, April 24. In November of last year, a Parity user “accidentally killed” the Parity multisig library by activating a vulnerability to become the owner of the library, and then self-destructing it. Prior to that, the library had been “fixed and re-deployed” with the vulnerability after Parity was hacked of around 150,000 ETH in July 2017. …

The art market is on the threshold of big changes that can be brought with Blockchain technologies. Blockchain suggests the decision for the key stumbling blocks of art market such as questions of provenance, transparency, copyright, ownership, valuation and authenticity of art. The actuality is provided by growing online art sales – $3.75 bln in 2016, which was an 8.5 percent share of the overall market (up 15 percent from the year before). Seeing the potential, art startups are already building real-world applications based on Blockchain. These are the key stories of purchasing art with cryptocurrencies and the ideas of …

Bitcoin’s rise over $7,200 Thursday has piled pressure on already sidelined altcoin markets, leading many into freefall. An analysis of Coinmarketcap’s top 20 altcoin listings shows a depressing picture as Bitcoin’s surge leaves many struggling to stay above multi-month lows. Notable standouts are the Bitcoin Cash fork and controversial newcomer BitConnect, opportunistically riding enthusiasm surrounding the Bitcoin Core chain. Altcoin losses extend to Ethereum, which lost over six percent in 24 hours, while fellow fork Ethereum Classic (ETC) dropped to its lowest BTC and USD price since May. Bitcoin meanwhile is posting highs elsewhere, its market dominance reaching 62.4 percent …

While there are a few ways in which to work cryptocurrencies, from day-trading to holding, it is still widely recognised that a long-term investment is best. However, making the right call on one of the many coins out there is difficult. Below, some well known cryptocurrency investors share their tips and secrets, and give a top three pick of the coins they are holding onto for a big payday down the line. Logan Kugler, Managing Partner at General Crypto 1 - Ripple (XRP) “Ripple is going after SWIFT, and their token XRP could entirely change the way we send money …

Ethereum price has grown from $130. Does this mean another downtrend correction or a reversal wave? USDT\ETH No upward reversal Most Ethereum buyers passed the correction bottom. The exchange rate reaction, an increase in price from $175 to $225, only confirms it. Last week, the key points of where Ethereum was most likely to move were identified. Thus, the $240 level was responsible for the structure of the downtrend. A turn at $240 would give a signal that the structure of the trend is broken and, therefore, the advantage is now on the side of the buyers. It’s the most …

Ethereum price is adjusting on a long-term scale. Where is the rebound peak? USDT\ETH Correction of long-term scale As expected, the lack of large buyer support in the $300 area triggered a drop to the next resistance zone around $250. The level was formed on June 15, where we saw a significant increase in demand. However, after another fall to this mark, the demand decreased. It was one of the reasons for the further decline. PR move for GDAX exchange? Ethereum price was only 10 cents at the GDAX exchange on June 22. According to the exchange representative, it was …

Ethereum price is adjusting to the long-term growth. The question is, how will a fall in demand at the current level affect ETH? USDT\ETH Smart contracts fever Russia and China are considering using Ethereum to digitalize their national currencies. According to the Vice President of the PBOC Research Department, the growing interest in smart contracts can be explained by the fact that the Enterprise Ethereum Alliance infrastructure allows you to develop truly great smart applications. Blockchain Ethereum usage is unlikely to be used by banks, but the interest will surely grow. Right now, Ethereum price is “stuck” between two long-term …

BTC/USD 15.06.2017 Recently, the BTC/USD pair has greatly increased its volatility. This remains true not only for Bitcoin, as such a tendency can be observed throughout the market of cryptocurrencies. There are no vivid factors that have impacted such movements. Therefore, we can only assume that it is due to yet another correction and profit taking of the major market players. At the moment, the situation remains uncertain. What’s happening on the market: The market is still growing, acquiring the nature of bull markets. Volatility. Clear levels are yet to be formed, while previous support and resistance zones due to …

Ethereum price has been reaching new heights. Singapore news could be the trigger. The central bank of Singapore, MAS, has decided to implement Blockchain to tokenize the national currency. USDT\ETH Minimal growth targets are reached As expected, the pullback from $200 to $140 became a possibility for growth over $250. Given the fact it was a long term correction, the growth was correspondent, more than 200 percent from the $140 correction peak. You could see big sells and the tendency break at the current uptrend peak. That is why it is possible to state the $140 wave might be over. …