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Kadena Begins KDA Token Sale for U.S. and Global Investors on CoinList

Coinspeaker Kadena Begins KDA Token Sale for U.S. and Global Investors on CoinListKadena, a Proof of Work (PoW) public blockchain for smart contracts, has begun its token sale on CoinList. It began on Monday, Nov. 4, and will run until Friday, Nov. 22, 2019. The Kadena network boasts of highly scalable blockchain which runs the Chainweb protocol to ensure unmatched security and high throughput, promising to be a driving factor with the potential to serve as a convergence point for all interoperable chains including private and public blockchains and applications.The Kadena token (KDA) is basically a digital asset used on the Kadena public chain for computation payment. Since the network also executes smart contract codes using the KDA, adoption is certain as the network slowly expands on the volume of smart contracts and more applications join and us the network.CategoriesThe Kadena token sale is divided into two options for interested investors, which will run simultaneously.CoinList Non-US: This category is only available to interested entities outside of the U.S. Kadena plans this offering to be similar to an Initial Exchange Offering (IEO), allowing Investors to buy-in here, tokens that will only be available on Coinlist’s RFQ exchange soon after the token sale is concluded. The non-US investors will have access to a total of $10 million worth of tokens, at $1.00 each.CoinList Global: Just like the name suggests, CoinList Global will be available to all accredited investors worldwide, both within and outside the U.S. However, this offering category is a Simple Agreement for Future Tokens (SAFT) and the tokens will be unavailable until 2020. The locked up coins will then be released periodically, in three equal phases in Dec. 2020, Jan. 2021 and Feb. 2021. Investors in this category will have access to a total of $20 million worth of tokens, at $0.50 each.Strategic Allocations include all other allocations for recipients of the KDA token, that do not fall under the two mentioned above. The coins here will be distributed to several people in the Kadena community including advisors, business partners, consultants and employees as well. KDA will also be locked up here and will be released periodically as well, over the next three years.Kadena has so far already successfully raised $15 million from investors including SVAngel, CoinFund, Primitive and Multicoin Capital. The platform also boasts a team that includes alumni of some of the biggest companies in the world, including Microsoft, Google, J.P.Morgan and Accenture. Kadena was founded by two ex-JP Morgan execs including former blockchain lead Stuart Popejoy, as well as blockchain prototype lead engineer, Will Martino.Kadena also plans to enable mining very soon. Mining activity will begin shortly before the public launch which will include support for transfers, executing smart contracts, as well as the creation of decentralized applications (DApps). Already, Kadena has completed two SAFT rounds with the first one selling 4.5 million coins at $0.50 back in 2017, and the second selling 17.2 million coins in the first two quarters of last year, at $0.75 each.Kadena Begins KDA Token Sale for U.S. and Global Investors on CoinList
Coinspeaker

Kadena (KDA) Proof of Work Blockchain Mainnet Launches; Looks To Raise $20M Via A Token Sale

On November 5, blockchain startup Kadena went live. It launched its mainnet on Monday and announced its plan of raising $20 million via two token sales. Founded in 2016 by JPMorgan blockchain veterans Stuart Popejoy and Will Martino, Kadena is a proof-of-work (PoW) network designed to handle large transaction volumes while maintaining the security and integrity […]
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Money 2.0 Stuff: Token distribution is still hard

Quick Take Kadena runs two parallel token sale processes and the numbers don’t quite add up This research piece is available to members of The Block Genesis. You can continue reading this Genesis research on The Block.
The Block Crypto

Kadena Mainnet Goes Live, New $20M Token Sale Starts Tomorrow

Kadena Mainnet Goes Live, New $20M Token Sale Starts Tomorrow The Kadena network, which is led by JPMorgan blockchain veterans, has gone live on Monday, with the firm announcing a new $20 million token sale. Kadena mainnet launch unlocks mining Kadena coins According to an announcement on Nov. 4, Kadena has launched its mainnet Chainweb […] Cet article Kadena Mainnet Goes Live, New $20M Token Sale Starts Tomorrow est apparu en premier sur Bitcoin Central.
Bitcoin Central

Kadena launches mainnet and two token sales to raise up to $20M

Blockchain startup Kadena announced on Monday the launch of its mainnet and two upcoming token sales, slated for Nov. 5.  The Brooklyn-based company has been working on a high throughput proof of work blockchain network since last year. Now, the blockchain is open for public mining and miners can earn rewards of the network’s native token, Kadena (KDA).  While the firm said most of KDA will be distributed through mining, it will also conduct two token sales on token listing platform CoinList soon after the mainnet launch, aiming to raise a maximum of $20 million through the distribution of up to 30 million tokens. The non-U.S. token sale is for overseas investors at a price of $1 per token, while the other sale is available to everyone, including U.S. investors, at a price of $0.50, with a lock-up period until the end of 2020. The tokens distributed through the non-U.S. listing will be traded on CoinList’s new exchange, which the platform announced last week.  “The key with this raise is that it’s more toned to be able to launch in an as compliant way as possible, and based on the guidance we get from various regulators,” said Kadena CEO Will Martino, who has worked at JPMorgan Chase and the Securities and Exchange Commission (SEC).  In 2017 and 2018, Kadena completed two funding rounds through a Similar Agreement for Future Tokens (SAFT) structure, an investment contract that promises the delivery of tokens on a future date. The firm in total raised over $15 million from the two rounds, according to a company statement.  As previously reported, Kadena’s blockchain network, dubbed Chainweb, aims at providing high transaction volumes of up to 10,000 transactions per second while maintaining network speed and low cost. Chainweb’s protocol connects several blockchain networks simultaneously, sharing transaction volumes between them.  “The core use cases that ethereum services we can do the same quite trivially,” said Martino.
The Block Crypto

Crypto In, Politics Out: How Jack Dorsey Outplayed Mark Zuckerberg

There is a new exchange on the block, and it has some heavily pro-Bitcoin, anti-political ad supporters behind it. Jack Dorsey has simultaneously banned political ads from Twitter and invested in CoinList Trade. CoinList began life as a token sale platform, helping startups raise capital in compliance with regulations on a trusted platform. Its aim was to “provide… financial services so that token creators can focus on what they do best: building world-changing products.” In the rough seas of regulatory uncertainty, the platform, according to Kadena CEO Will Martino, “made the process of managing the regulatory flow for investors incredibly easy. The team has been great to work with and incredibly responsive.” The platform was instrumental in helping fund a number of inspiring projects. These include Filecoin, Blockstack, Algorand, and Origin. Jack Dorsey Endorses the Road Ahead, Bans Political Ads Now, it is embarking on the next leg of its roadmap: launching a crypto exchange to be named CoinList Trade. And on the eve of his decision to ban political ads on Twitter, Jack Dorsey has made an investment in the company to help it build out the new trading platform.   We’ve made the decision to stop all political advertising on Twitter globally. We believe political message reach should be earned, not bought. Why? A few reasons… — jack (@jack) October 30, 2019   Dorsey’s reasoning for banning political advertising is nuanced and spans a string of tweets. The central message seems to be that earned, and not bought, media is more appropriate in politics. As the founder tweeted: “This isn’t about free expression. This is about paying for reach. And paying to increase the reach of political speech has significant ramifications that today’s democratic infrastructure may not be prepared to handle. It’s worth stepping back in order to address [that].” The changes will take effect on November 22nd. Twitter shares fell around three percent on the news, while Facebook shares rose three percent, with investors anticipating the loss of political ad revenues impacting Twitter’s bottom line, and boosting Facebook’s as the campaign season heats up. But the decision does place a lot of weight on the shoulders of Zuckerberg, who can expect to be asked if Facebook will follow Twitter’s lead. Speaking of Zuckerberg’s Shoulders… Jack Dorsey has thrown Zuckerberg the simultaneous curveball of now being the owner of a soon-to-be-launched crypto exchange. It comes within months of the announcement of Libra, the much-maligned Facebook-backed project to create a global cryptocurrency. Libra has been preemptively banned in Germany and France. It has lost the involvement of major payment processors in Mastercard, Visa, and PayPal, and has had Zuckerberg forced to testify before both the Senate and Congress in the U.S.     Dorsey, meanwhile, has been lauded for his stance on Bitcoin in particular, about which he said in an interview with Quartz, “The fact that it’s meant to be deflationary, meant to incentivize savings instead of spending, I think is a net positive for the world and how we think about consuming.”  Dorsey’s Square Cash has also begun preparing to enable Bitcoin transactions on its payments app, having assembled a team of developers to explore the company’s integration with cryptocurrency. And with his investment in CoinList Trade, Dorsey has now fully declared his hand. CoinList Trade Soon to Begin Operations The enigmatic Silicon Valley veteran told The Wall Street Journal that “Crypto needs a trustworthy platform for launching new projects. CoinList leads the industry in that role, and trading is a logical next step.” San Francisco-based CoinList Trade will initially support trading in the tokens it has helped create, along with Bitcoin, Ether, and USDC. It also plans to offer fiat-crypto on and off-ramps, with USD wallets and crypto trades against the U.S. dollar part of the platform’s planned suite at launch. It currently has a waiting list of around a thousand traders wanting to join the platform and will operate in 38 U.S. states and a number of countries worldwide. Its latest funding round was led by Polychain Capital, with Dorsey and Collaborative Fund joining in. Dorsey has long been an advocate for cryptocurrency as money for the internet and a Bitcoin maximalist, buying $10,000 worth of BTC every week. Now with his toes dipped into a pending exchange and turning his back on political advertising revenue, it’s fair to say Dorsey has managed to out-Zuck his social media rival both when it comes to digital assets and in avoiding the ire of regulators. The post Crypto In, Politics Out: How Jack Dorsey Outplayed Mark Zuckerberg appeared first on Crypto Briefing.
CryptoBriefing

Coinbase Plans to Add Telegram and 16 Other Digital Assets on its Platform

Coinspeaker Coinbase Plans to Add Telegram and 16 Other Digital Assets on its PlatformIn the latest blog post announcement, Coinbase highlighted a possible addition of 17 new cryptos to its platform including Telegram. As part of the exploratory process, users may see public-facing APIs and other signs that the exchange is conducting engineering work to potentially support these assets.According to that post from the exchange, Coinbase plans to add Dfinity, Filecoin, Handshake, Avalanche, Celo, Chia, Coda, Nervos, Oasis, Orchid, Kadena, Mobilecoin, Near, Solana, Spacemesh, Polkadot, and Telegram.To date, Coinbase explores support for assets that are already live and available for trading on other venues. In this case, some of the coins like telegram are not yet live. Telegram only just unveiled its Telegram Open Network (TON) testnet explorer and node software on its website. Nevertheless, so far it has not distributed its network’s native token, GRAM, which will happen two months from now.Currently, the exchange announced its intention to explore assets that are yet to be launched and which it may decide to support in the future.Coinbase continues to evaluate prospective assets against its Digital Asset Framework to assess factors like security and compliance. They also aim to assess the project’s alignment with its mission of developing an open financial system for the world. Currently, Coinbase’s non-pro platform lists Zcash (ZEC), 0x (ZRX), Litecoin (LTC), Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), USD Coin (USDC), XRP, Stellar (XLM), Ethereum Classic (ETC), and the Basic Attention Token (BAT).Listing CriteriaEarlier in the week, cryptocurrency Dash was included in the Coinbase Pro listing after an investigative period. Coinbase revised its listing criteria around a year ago. In that revision, it said that listing announcements will appear more often. The 17 new cryptos follow up on 8 considerations from August.Even if the cryptos are added, the listings majorly depend on jurisdictional compliance and regulatory approvals. The decision by Coinbase to support Telegram and these other tokens need considerable technical and compliance review. Thus, Coinbase cannot currently guarantee whether or when any of these assets will appear in any jurisdiction.As per their listing process, the exchange will add new assets on a jurisdiction-by-jurisdiction basis.Coinbase Plans to Add Telegram and 16 Other Digital Assets on its Platform
Coinspeaker

Coinbase is considering 17 new token listings; Avalanche, Chia, and Filecoin among the candidates

Coinbase is reviewing 17 new tokens for potential listing on its platform, the exchange announced in a blog post Thursday. The projects include: Avalanche, Celo, Chia, Coda, Dfinity, Filecoin, Handshake, Kadena, Mobilecoin, NEAR, Nervos, Oasis, Orchid, Polkadot, Solana, Spacemesh, and Telegram. Notably, a large number of these assets have yet to publicly launch. For example, Chia Network, founded by BitTorrent founder Bram Cohen, is still in its testing phase. Telegram also just recently released the public testnet of its TON network and has yet to distribute the network's native token, GRAM. In August, Coinbase revealed its ambition to allow its customers to “have access… to at least 90% of the aggregate market cap of all digital assets in circulation."
The Block Crypto

List of Today's and Tomorrow's Upcoming Events

I will be bringing you upcoming events/announcements every day. If you want improvements to this post, please mention /u/houseme in the comments. We will make improvements based on your feedback.   https://kryptocal.com | /r/kryptocal | Android | iOS | Telegram Interactive Bot (add cryptocalapp_bot) | Telegram Channel @kryptocal   ADD AN EVENT If you like an event to be added, click Submit Event, and we will do the rest.   NEXT DAY UPCOMING EVENTS   General Upgrade: Rainforest v2 May 7, 2019 Token Burn May 7, 2019 Kadena x Certik AMA May 7, 2019 Coinsuper Beam AMA May 7, 2019 Aeternity(AE) On-chain Vote Starts May 7, 2019 Aeternity(AE) Token Migration Phase Ends May 7, 2019 Veros(VRS) Token Burn May 7, 2019 Arcblock(ABT) Forge Framework Webinar May 7, 2019 IoTeX(IOTX) YouTube Campaign EP41 May 7, 2019 Kadena x Certik AMA: Formal Verification May 7, 2019 3:00 PM - 4:00 PM Loopring(LRC) Token Contract Upgrade May 8, 2019 MIB Coin(MIB) Mainnet Token Swap May 8, 2019   Software/Platforms Wallet Update 1.1 May 7, 2019    
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Emerging Markets Intrinsic (EMI) Files Lawsuit Against Kadena Coin for Breaching Terms of Contract

Emerging Markets Intrinsic (EMI), a boutique advisory and Asset Management Company has filed a lawsuit against Kadena LLC, a blockchain technology company after offering its consulting services to the latter without the terms of the agreement being met, according to reports on January 20. Per the report, the plaintiffs, Emerging Markets Intrinsic (EMI) and SRT Capital SPC (SRT) were introduced to Will Martino, CEO of Kadena LLC by their attorney who is the latter's father. The duo had supposedly made a $50,000 contribution each in a “friends and family” fundraising conducted by the CEO in 2017. The same year, the Martino hinted EMI and SRT of investor's high-level interest in Kadena coin which led to SRT's investment of $1 million in the yet to be developed cryptocurrency. However, the return after the digital asset's token sale was $2. 25 million, resulting in SRT's larger share in the coin’s supply. More light into the event reveals that in a bid to advance the company, Kadena LLC employed the services of EMI and they allegedly promised to reward them some part of the company's cryptocurrency for completing various tasks. Reportedly, the tasks included arranging a meeting with a potential investor, a client agreeing to develop the technology, and finally, the issuance of a press release by the prospective client to confirm their collaboration with Kadena. EMI, on the other hand, who is said to have many business connections, was able to land several prospects. It was also revealed that the plaintiff was able to set up “executive-level meetings with 13 out of 14 Qualified Prospects.” Therefore, referring to the terms of agreement means that they were on the receiving end of 2.6 million Kadena Coin, states the report. Alternatively, the plaintiff pointed out that Kadena had made efforts to hinder their progress in getting qualified prospects. The same was also said about Kadena's move to delay press releases to a date that is beyond the deadline regarding the agreement. The defendant, on the other hand, claimed that the results achieved by EMI were more than the company's expectations and as such, the share of Kadena coin that was to be handed over did not fit in with their financial modelling. The case between the trio is similar to that of Winklevoss v. Shrem lawsuit in November where allegations were made of 5,000 Bitcoins being misappropriated by Shrem.
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Daily Crypto News - Monero Site Hacked | Fidelity Gets Licensed | SLP Postage | LocalCryptos | More!

Daily Cryptocurrency News: November 19th, 2019 - Bitcoin, Ethereum, & More Crypto Content! Topics Include: ► Price Overview ► Monero Malware Warning - https://twitter.com/DarkDotFail/status/1196668999519657984 ► Greyscale Bitcoin Trust's SEC Filing - https://medium.com/grayscale-investments/gbtc-sec-filing-8b4cb229088 ► Coinbase & Coinbase Pro To Migrate DAI/SAI - https://blog.coinbase.com/coinbase-and-coinbase-pro-plan-to-support-multi-collateral-dai-514407679b86 fI ► Fidelity Digital Assets Gets NY Trust Charter to Custody Bitcoin for Institutions - https://medium.com/@FidelityDigitalAssets/enabling-institutions-to-access-a-new-medium-for-assets-b9d8329c8766 ► Announcing LocalCryptos - https://blog.localcryptos.com/announcing-localcryptos/ ► Dash Evolution Open-House - https://www.dash.org/evolutionopenhouse19/ 😀 𝙏𝙝𝙖𝙣𝙠 𝙔𝙤𝙪 𝙁𝙤𝙧 𝙒𝙖𝙩𝙘𝙝𝙞𝙣𝙜! 🚩 Remember to subscribe and hit the bell "🔔" icon, so you don't miss your daily cryptocurrency news! 👉Sign-Up For BlockFi & Earn Interest On Your BTC/ETH Every Month: https://blockfi.com/?ref=1ed0f176 -~-~~-~~~-~~-~- 𝘞𝘦 𝘥𝘰 𝘰𝘶𝘳 𝘣𝘦𝘴𝘵 𝘵𝘰 𝘮𝘪𝘯𝘪𝘮𝘪𝘻𝘦 𝘢𝘥𝘴, 𝘢𝘯𝘥 𝘦𝘭𝘪𝘮𝘪𝘯𝘢𝘵𝘦 𝘴𝘱𝘰𝘯𝘴𝘰𝘳𝘴𝘩𝘪𝘱𝘴 𝘰𝘯 𝘵𝘩𝘪𝘴 𝘤𝘩𝘢𝘯𝘯𝘦𝘭, 𝘴𝘰 𝘵𝘩𝘢𝘵 𝘺𝘰𝘶 𝘤𝘢𝘯 𝘳𝘦𝘭𝘺 𝘰𝘯 𝘵𝘩𝘦 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘺𝘰𝘶 𝘨𝘦𝘵 𝘩𝘦𝘳𝘦. 𝘐𝘧 𝘺𝘰𝘶'𝘥 𝘭𝘪𝘬𝘦 𝘵𝘰 𝘴𝘶𝘱𝘱𝘰𝘳𝘵 𝘵𝘩𝘪𝘴 𝘦𝘯𝘥𝘦𝘢𝘷𝘰𝘳: ⭐ Please Support The Channel On Patreon - https://goo.gl/vpX5sW ⭐Please Support The Channel On YouTube - https://bit.ly/2I4omX2 -~-~~-~~~-~~-~- 💓𝐂𝐫𝐲𝐩𝐭𝐨 𝐃𝐨𝐧𝐚𝐭𝐢𝐨𝐧𝐬 𝐀𝐥𝐬𝐨 𝐀𝐫𝐞 𝐑𝐞𝐚𝐥𝐥𝐲 𝐀𝐩𝐩𝐫𝐞𝐜𝐢𝐚𝐭𝐞𝐝 (𝐀𝐧𝐝 𝐏𝐫𝐞𝐟𝐞𝐫𝐫𝐞𝐝)! 💎►Donate Ether and Ethereum-Based Tokens: 0x1466032B4F0F13910DA35B16371807428CB40714 💎►Donate Bitcoin: 3JKQycXHdD5yqSRTf5VabM28Ff9AfXYcJD 💎►Donate Bitcoin Cash: qrsq45lsrumctyu98mgjgc0qjaleng2jdgau3qz90x 💎►Donate Dash Xn1sUfFDkZAwArJ6mtJUYVLndnmXctxA1L 💎►Donate Monero 463EDu2cqU4ASxLVVKYkVMbk1Nz6TQyy9Wt8b3D5CdJjZh9JukZNGUyLvbJnXoJNRXTN98cSpLSRVN2bYoDTmsxkJSUKtmy 💎►Donate Using Paypal: https://goo.gl/7m1X4Z -~-~~-~~~-~~-~- (っ◔◡◔)っ 𝙈𝙐𝙎𝙏 𝙃𝘼𝙑𝙀𝙎 ► Ledger Nano S Crypto Hardware Wallet - https://bit.ly/2TQG8PZ ► Personal Book Recommendations, Crypto Clothing, & More - https://www.amazon.com/shop/obham001 ► Crypt0 Merch - https://bit.ly/2uHudK4 ►The Brave Browser (Fast Browser That Will Pay You In Tokens If You Choose To View Ads): https://goo.gl/NpNa53 -~-~~-~~~-~~-~- 🚀𝙁𝙊𝙇𝙇𝙊𝙒 𝙐𝙎 ► Steemit - https://goo.gl/YNAK2u ► Facebook - https://bit.ly/2FSR5gb ► Reddit - https://www.reddit.com/r/crypt0snews/ ► Instagram - https://goo.gl/tV9kZh ► Twitter - https://goo.gl/fY2W2k ► Soundcloud - https://bit.ly/2uGY3hF ► Twitch - https://bit.ly/2FSFu0i ► Sticher - https://www.stitcher.com/podcast/omar-bham/crypt0s-news -~-~~-~~~-~~-~- **Nothing I state, share, express, or allude to should be considered professional advice or recommendations of action. This channel is intended for educational and entertainment purposes only. All content contained within is all just my own opinion and experience. Consult a professional (or two...or more) for any tax, accounting or legal related questions you may have. #bitcoin #ethereum #cryptocurrency #blockchain #crypto #economics #investing #trading #futurism #cryptonews #btc #eth #eos #litecoin #technology
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Grayscale Files to Make Bitcoin Trust First to Be Regulated by SEC

Grayscale Investment has submitted a filing with the U.S. Securities and Exchange Commission (SEC) that could change the status of its popular bitcoin investment product.  On November 19, 2019, the company filed a securities registration form with the SEC which, if approved, would see its popular Bitcoin Trust product become the first-ever digital currency investment product to be regulated by the SEC.  The Bitcoin Trust was initially launched as a way to give more investors exposure to bitcoin with some barriers to entry eliminated, like the need to protect your own private keys. The pursuit of regulation by the SEC through this voluntary filing appears to be an effort in the same vein. “This filing is the latest step on the road to regulatory maturity for digital currencies,” according to a Grayscale press release sent to Bitcoin Magazine. “After creating the first FINRA-regulated Bitcoin investment product, Grayscale once again is leading the industry in facilitating responsible regulatory oversight of the asset class. If the SEC approves the filing, the structure of the Bitcoin Trust would not change, nor would its regulatory classification. “This is a voluntary filing that, if deemed effective, would designate the Trust as an SEC reporting company and register its shares pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),” the press release reads. An SEC reporting company is also called a “reporting issuer.” By becoming a reporting company, Grayscale would likely be subject to periodic and ongoing disclosure requirements designed to keep investors informed on major updates concerning their investment. Potential Changes for Bitcoin Trust Investors Following approval from the SEC, accredited Bitcoin Trust investors would see a reduction in the statutory holding period for their investment from 12 months to six months, giving them liquidity sooner. This means that investors who had previously purchased shares in the trust’s private placement could resell them on the secondary market within six months. The trust would also be changing how it files quarterly and annual reports. With SEC approval, it would have to file its reports and audited financial statements as 10-Qs and 10-Ks — specific report templates as designated by the SEC.Grayscale’s Bitcoin Trust became the first publicly traded bitcoin fund in 2015 (as the Bitcoin Investment Trust), having received approval on the OTC Markets Group’s OTCQX exchange. The company, which is behind a significant “Drop Gold” advertising campaign, has seen its bitcoin product rise in popularity since its launch. Per a recent quarterly report, Grayscale attracted $254.9 million in net investments for its products, with two-thirds of the inflows secured attracted by the Bitcoin Trust. The post Grayscale Files to Make Bitcoin Trust First to Be Regulated by SEC appeared first on Bitcoin Magazine.
Bitcoin Magazine

Monero Website Hacked, Downloads Infected with Crypto-Stealing Malware

The official Monero website has been hacked and versions of its downloadable Command Line Interface (CLI) software have been infected with XMR-stealing malware. A security warning was sent out on Twitter alerting users that “CLI binaries available on http://getmonero.org may have been compromised at some point during the last 24h. Investigations ongoing.” #Monero Security Warning: CLI binaries available on https://t.co/UYopePqqdo may have been compromised at some point during the last 24h. Investigations ongoing.https://t.co/BqnONy4PPg — Monero || #xmr (@monero) November 19, 2019 Shortly thereafter, Monero’s core development team confirmed the incident on Reddit, admitting that the infected files had been served from the website for roughly 35 minutes before they switched to a secure fallback source for serving downloads. Cautioning users to always check the integrity of downloaded files, the team said: “If you downloaded binaries in the last 24h, and did not check the integrity of the files, do it immediately. If the hashes do not match, do NOT run what you downloaded. If you have already run them, transfer the funds out of all wallets that you opened with the (probably malicious) executables immediately, using a safe version of the Monero wallet (the one online as we speak is safe — but check the hashes).” Monero Team Still Investigating The hack was originally discovered by GitHub user nikitasius who posted on the official Monero project repository that he had noticed that the SHA256 hash for the downloaded file did not match the SHA256 hash shown on Monero’s website. Upon further scrutiny, he also noticed that the hashes for monero-wallet-cli didn’t match either. At the time of writing, the Monero team is still investigating the incident to determine how the files were compromised. Although it is not known yet how many users downloaded the infected software, at least one person has come forward reporting that their Monero wallet had been drained after downloading and running the infected binary file. Reddit user moneromanz posted: “I can confirm that the malicious binary is stealing coins. Roughly 9 hours after I ran the binary a single transaction drained my wallet of all $7,000. I downloaded the build yesterday around 6pm Pacific time.” He added that it appeared that “the attacker forked from commit f07c326f1 in the public repo” and warned users not to run the binary in order to check the version. The automod in the r/Monero subreddit appears to have deleted the original for reasons unknown. The price of Monero abruptly fell by more than five percent Monday morning – from $62.43 to $59.12 in less than three hours. After falling further to $58.56 overnight, XMR has since begun to regain some lost ground and is currently trading at $60.03. The post Monero Website Hacked, Downloads Infected with Crypto-Stealing Malware appeared first on CryptoPotato.
CryptoPotato

Mimblewimble Attack is ‘Factually Inaccurate’, Grin Team Responds

The claim that hired computing power could “break” the Mimblewimble privacy tool for Litecoin (LTC) is inaccurate, according to a response from the Grin development team.  Weakness Did Not Reveal Final Senders or Receivers The Grin team admitted that the protocol held a known weakness, but directing hired computing power from AWS did not constitute an ‘attack’. The analysis of Ivan Bogatyy managed to glean some network data, but the conclusions that the flaw could not be repaired were also inaccurate. While transaction linkability is a limitation that we’re looking to mitigate as part of our goal of ever-improving privacy, it does not ‘break’ Mimblewimble nor is it anywhere close to being so fundamental as to render it or Grin’s privacy features useless The creator of Litecoin, Charlie Lee, also tweeted that Mimblewimble had a known weakness, but this did not challenge the system as a privacy feature for LTC. This limitation of MimbleWimble protocol is well known. MW is basically Confidential Transactions with scaling benefits and slight unlinkability. To get much better privacy, you can still use CoinJoin before broadcasting and CJ works really well with MW due to CT and aggregation. https://t.co/M5sx92nzlZ — Charlie Lee [LTC] (@SatoshiLite) November 18, 2019 The information that could be gleaned was not as valuable as previously thought. The breaking of Mimblewimble veiling could not yield addresses, but only information about transaction outputs. The Grin team added that this could not link identities to wallets and addresses, an approach often used by law enforcement. The team admitted that so-called “sniffer nodes” collected data, but only for a particular time period. By no means were all Mimblewimble transactions being tracked. Additionally, the information was not as relevant as previously thought, only linking outputs. For the team, this was old knowledge, which did not compromise the veiled identities of users. Another inaccuracy was that the analysis did not unravel the “transaction graph”, and did not arrive at any possible identifying information about counter parties. The “sniffer nodes” mapped the activity, but could not trace where transactions originated. Within the Mimblewimble network, transactions never appear as identifiable information to outside observers, and no addresses exist. Mimblewimble Offers Stripped-Down, Private Blockchain Mimblewimble was proposed back in 2016, as a protocol to obscure transactions for multiple coins. The protocol was most prominently adopted by Litecoin, as a tool to make the asset a rival to Monero (XMR) and ZCash (ZEC). The Grin project is an implementation of the Mimblewimble blockchain. The protocol uses limited data to keep the distributed ledger, without linking addresses. So far, Mimblewimble has minimal usage, with very few transactions within the network. The GRIN token currently trades at $1.27, after a daily slide of 10% following a downturn across all markets. Mimblewimble is the brainchild of pseudonymous user Tom Elvis Jedusor, none other than the French anagram of “Je suis Lord Voldemort”. What do you think about Grin’s response? Share your thoughts in the comments section below! Images via Shutterstock, Twitter @SatoshiLite The post Mimblewimble Attack is ‘Factually Inaccurate’, Grin Team Responds appeared first on Bitcoinist.com.
Bitcoinist

BUTTON Wallet building new exchange solutions for Zilliqa (ZIL)

BUTTON Wallet, a messenger-based cryptocurrency solution for trading and buying digital assets, announced today its involvement in the LongHash Hatch and ZILHive Incubator, a joint 12-week incubation program that provides a full range of support for early-stage blockchain projects. The BUTTON Wallet team is using the Incubator as an opportunity to further develop simpler, more […] CryptoNinjas: BUTTON Wallet building new exchange solutions for Zilliqa (ZIL)
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