Serenity news

The final stage of Ethereum development which enables a basic transition from hardware mining (proof-of-work) to virtual mining (proof-of-stake).

World latest news

Ethereum Constantinople Fork | What You Need to Know

If you’ve been following along with Ethereum’s progress you’ll know that the worlds second most popular blockchain will soon be transitioning from proof of work to proof of stake. The final outcome will be a protocol known as Casper. To guide that process, network-wide updates are consistently taking place. Ethereum has four major upgrades planned as part of its roadmap and they can be tracked as follows. Frontier went live in July 2015. Homestead, in March of 2016. Metropolis is currently being implemented with codename Constantinople as its second step. The last one to arrive on the scene will be Serenity. Ethereum team lead Péter Szilágyi anticipates the hard fork to take place on block #7080000 around the 16th of January. #Ethereum Constantinople mainnet hard fork scheduled for block #7080000, estimated around the 16th of January, 2019! — Péter Szilágyi (@peter_szilagyi) December 7, 2018 Ethereum Improvement Proposals As part of Ethereum’s improvement process, proposals are regularly suggested by the core developers. These will improve the overall functionality of the blockchain as Ethereum moves ever closer to Casper. The community has approved the following five EIP’s for the Constantinople upgrade. Each EIP links to the technical details if that’s up your alley. EIP 145 – Bitwise shifting instructions in EVM   Introduces native bitwise shifting in the Ethereum Virtual Machine. This will allow developers to make some operations more efficient thereby saving on gas fees. EIP 1014 – Skinny CREATE2  This will allow users to interact with addresses that haven’t been created yet on the blockchain. This deals with state channels which will allow Ethereum to better scale in the future. EIP 1052 – EXTCODEHASH opcode  Allows smart contracts to check the code of other smart contracts more efficiently (ie. less processing power). Again, the network will require less gas to perform these checks. EIP 1234 – Constantinople Difficulty Bomb Delay and Block Reward Adjustment  Ok, this is the big one. EIP 1234 proposes a delay to the difficulty bomb for approximately 12 months. Sounds cool but what is a difficulty bomb? Currently, the developers have built increased mining difficulty into the Ethereum algorithm to force miners to eventually switch over from proof of work to proof of stake. That’s a problem because Casper isn’t ready yet and users still need the security of the miners in the meantime. The other more controversial change is a reduction in mining rewards from three Ether per block down to two. That’s a pretty substantial loss in mining profits and investors will be keeping a close eye on how this will affect hash rates and the overall security of the network going forward. EIP 1283 – Net gas metering for SSTORE without dirty maps  Another efficiency upgrade allowing several actions to be taken on each transaction similar to how EOS currently implements multi-level transactions. How Do You Get on to the New Blockchain? Major upgrades result in hard forks of the Ethereum blockchain. That process splits the chain in two which has caused some issues in the past. Fortunately, the community has reached consensus on this one and everyone will be moving to the new chain. If you’re simply a coin holder then you don’t need to do anything. Exchanges, services, and node providers should be doing this on your behalf so the effect will be minimal for most users. Be aware though that some of these services may pause deposits and withdrawals of Ether during the changeover. If, on the other hand, you’re running an Ethereum node you’ll need to update to the latest software.  Onwards and Upwards Ethereum continues to improve with each update. The Constantinople fork is not particularly groundbreaking though is making good strides towards improving the overall efficiency of the network. If you’re a miner, you’ll want to upgrade as soon as changes go live. May the fork be with you! The post Ethereum Constantinople Fork | What You Need to Know appeared first on CoinCentral.
Coin Central

Top Cryptocurrencies Fall Just Before Constantinople Hard Fork

CoinSpeaker Top Cryptocurrencies Fall Just Before Constantinople Hard Fork On January 12, prior to the three percent drop in the Bitcoin price, a cryptocurrency trader with an online alias “Hsaka” said that Bitcoin was showing a sign of weakness based on its performance from January 11 to 12. At the time, the trader tweeted: “Some thoughts. The first wick below the range low led to a tap of the range high. The second one (this current one) has failed to reach that high as of now. Sign of weakness in my opinion.” Since then, Bitcoin has fallen through key support at $3,600 and hit an intraday, and yearly low of $3,545 a few hours ago. BTC is currently trading at the bottom of its range, down 2% on the day at $3,590 says CoinMarketCap. Analysts are predicting further losses over the coming months and the 2019 rally is now officially over. As usual Ethereum has been hit harder with a 5% dump back to $116 before it made an attempt at recovery to $119. Since its high of $160 ETH has dumped over 25% and it seems that even Constantinople can’t rescue it at the moment. The gap between XRP in second is now almost a billion dollars again as the Ripple token recovered much quicker and is only posting a 2% loss on the day. End of Ethereum Mining as we Know It As we already wrote, Ethereum is preparing for its next milestone – Constantinople hard fork. The launch is planned in four stages: Frontier (beta stage to develop and test dapps), Homestead (to stabilize the platform), Metropolis (ongoing) and Serenity (upcoming). However, it seems that now it is showing pre-fork jitters. As of this Jan. 14 writing, the Constantinople hard fork is only 15,000 blocks away, with fork deployment scheduled at block 7.08 million. Since this is a hard fork, even in the best case scenario, there will be two competing Ethereum blockchains for a period of time. Ethereum (ETH) developers have explicitly stated that Proof of Work (PoW) will eventually be abandoned in order to make way for Proof of Stake (PoS), which would end Ethereum mining as we know it. Other major cryptocurrencies such as, EOS, Bitcoin Cash (BCH), Ethereum Classic (ETC) were performing even worse than Bitcoin. Total market capitalization plunged over 4% in a third dump a few hours ago but has since recovered to $119 billion. It has just hit the lowest level of 2019 and is less than $20 billion away from 2018’s low. Chances of recovering now are very slim and the most likely direction for crypto markets to go next is down. However, this is still well above the $100 billion level we saw in mid-December during the worst of the bear market. This is kind of strange market behavior given upcoming Hard Fork (January 16th) and Bakkt launch (most likely January 24-28). Just for a reminder, the year began with ICE’s Bakkt platform announcement that they have raised a whopping $182 million worth funds from 12 high profile partners and investors. However, it seems that we’ll have to wait some more for Bakkt to get its Bitcoin futures contract approved. A new report claims that the CFTC’s decision-making process has been progressing slow and now it is likely to go live only in February 2019. What Waits for Investors? Constantinople fork that is scheduled for January 2019 is said to be the largest upgrade for the network. According to a well-known cryptocurrency expert Alex Krüger, Constantinople upgrade could greatly affect ETH. On his Twitter account he wrote: 1/ #Ethereum's Constantinople fork is coming on block 7080000, around January 16, 2019. Constantinople will reduce the block rewards from 3 to 2, decreasing new $ETH supply accordingly. On the long run, this is decidedly bullish. https://t.co/4bbgAHMz7Z — Alex Krüger 🇦🇷 (@Crypto_Macro) December 24, 2018 The cryptocurrency market may recover in a lower price range as large buy walls prevent bears from pushing the market below key support levels. However, in the next few days, wild volatility is generally expected, and based on the performance of the dominant cryptocurrencies, the majority of digital assets in the global market could become vulnerable to short-term drops. Top Cryptocurrencies Fall Just Before Constantinople Hard Fork
Coinspeaker

ETH Constantinople Fork Gains 19 Crypto Exchanges Support for All 4 Stages (Frontier, Homestead, Metropolis and Serenity)

The Ethereum Constantinople hard fork is expected soon. The hard fork will take place in four stages. There are the Frontier, Homestead, Metropolis, and Serenity. The Constantinople hard fork should have taken place around August 2018. However, it was postponed to January 2019 after various errors were found in the program during testing. The hard fork is now expected to take place between January 14-18 when block number 7080000 has been mined. The Exact Date The exact date of the hard fork has not been decided. However, it is most likely that it will occur on January 16. The average block time now stands at 15 seconds. At the current block 7035939, it means there are 44,061 blocks lefts. When calculations are done, it shows there are about five days left. Exchanges That Will Support It Thus far, 19 exchanges globally have announced they will support the fork. Huobi and OKEx were amongst the first to announce they would support it. The management team and OKEx noted that the exchange would take snapshots of all accounts starting on block 7,080,000. Huobi has also asked its traders to deposit ETH tokens in the platforms since it will help to manage any technical issues that arise. CEOX.IO, based in London, announced that the company was adjusting its system to support the hard fork. Just before the upgrade, the exchange will not allow any withdrawals or deposits in ETH. This will ensure that funds are secure. After the upgrade, all ETH holders can resume trade. Bittrex, based in the US, has announced similar measures. Benefits Of The Upgrade The upcoming hard fork has received a lot of praise for achieving consensus in the Ethereum community. However, there might also be other hard forks that developers and other members of the community might wish to make unique upgrades. In case this happens, Binance has requested developers to contact them. Other Exchanges Offering Support OKCoin has also said they will support the upgrade. This is also true on IDAX, which has asked users to deposit coins into IDAX. Koinex an Indian exchange stated that they would support the hard fork via a tweet. Bitmart also confirmed they would support the hard fork. Users will need to deposit their ETH with them. Cryptopia, based in New Zealand, will also support this fork. Many other exchanges have announced their support for the upgrade. The other exchanges that will support the upgrade are Bibox and Hotbit based in China, EtherFlyer, a decentralized exchange, BitForex, WazirX, based in India, and the Exodus Wallet. Others are the Singapore exchange ABCC, Thai-based TOK, Indodax, based in India, and Catex, the mining platform. In December 2018, ETH was the third biggest coin by market cap. This was after it was edged out by Ripple’s XRP. This was also a time of intense bear market conditions. ETH was trading at $83 around December 15. However, it has since recovered and is trading at $134.84.
Bitcoin Exchange Guide

Constantinople Fork Will Make Ethereum More Like Zcash

Vitalik Buterin wants to be more like Zooko Wilcox. Well, more accurately, he wants Ethereum (ETH) to be more like Zcash (ZEC) with the upcoming Constantinople fork.  It may have been panic selling – or profit taking – which has so far driven the ETH price down by 16%. It might have also been anxiety surrounding Constantinople – expected to take place sometime early next week. Investors get nervous when projects talk about hard forks. No surprises there: everyone’s still reeling from the stormy Bitcoin Cash (BCH) fork from a few months back. Whatever’s done it, Mr. Buterin has started mulling over his use of terminology. ETH holders may not understand what’s about to happen. Connotations surrounding the term ‘fork’ are creating several misunderstandings.  He’s tipped his hat to the chaps at Zcash for their canny marketing skills. In a tweet last night, Buterin complemented Zcash for calling a ‘fork’, a ‘network upgrade’ instead. IMO the Ethereum community should consider adopting @zcashco's terminology of calling things like Constantinople "network upgrades" and reserve "fork" for splits that leave 2+ viable chains. Too many people asking me lately where they can dump their non-Constantinople coins… — Vitalik Non-giver of Ether (@VitalikButerin) January 10, 2019 Ethereum Roadmap Says Serenity Ahead But Buterin doesn’t want to just port Zcash’s apt phraseology over to Ethereum. He’s also looking to take a few pointers on how best to scale the network. Everyone knows Ethereum – which uses the good old fashioned Proof of Work (PoW) consensus – has a poor record when it comes to scalability. Rival blockchain platform EOS can process thousands of transactions per second (TPS), using a delegated Proof-of-Stake (dPoS) method; Ethereum can handle 15. ETH has become effectively unusable – high transaction fees and long confirmation times – during periods of high throughput; the Crypto Kitties fiasco in December 2017 and FCoin in the summer clogged the network completely. Although zk-SNARKs is mostly known for facilitating private transactions on Zcash, Buterin hopes it can also be used to improve scalability on Ethereum; it will be integrated into the network in the Constantinople upgrade next week.  He said way back in February 2017 that zk-SNARK support would be a “key feature” on the roadmap. In September he said the algorithm could scale the network to 500 TPS. And there are layer 2’s without data availability tradeoffs or liveness requirements, eg. tx mass-validation via ZK-SNARKs can reduce costs to < 1000 gas per tx if done well. That’s ~500 tx/sec on-chain with all the security guarantees of on-chain. — Vitalik Non-giver of Ether (@VitalikButerin) September 22, 2018 ETH the new ZEC? The week’s 16% declines – the crypto wipeout – have all but erased ETH’s  2019 gains. But that’s the old Ethereum. The transformation into an improved Ethereum is only days away with Constantinople. There may be no new chain coming from the Constantinople upgrade; but make no mistake, Ethereum is reinventing itself. And the sooner that the market recognizes this transformation, the sooner the price can get out of the doldrums and trade with some stability that has been lacking.   The author is invested in digital assets, including Zcash which is mentioned in this article. Join the conversation on Telegram and Twitter! The post Constantinople Fork Will Make Ethereum More Like Zcash appeared first on Crypto Briefing.
CryptoBriefing

The Constantinople Hard Fork: What You Need to Know

On January 16th, the Constantinople hard fork of Ethereum is expected to happen. Here’s what’s happening and what it means.A Brief OverviewConstantinople is the name of Ethereum’s next hard fork system upgrade. It is part of the multi-step journey towards Serenity, which implements revolutionary protocols such as Proof of Stake. On December 6th, 2018, the Ethereum core developers voted to proceed with Constantinople, which will be implemented at block 7,080,000. With an average block time of ~14.5 seconds, that puts the estimated date of the Constantinople hard fork at January 16th, 2019.But doesn’t a hard fork mean a currency split? Not necessarily. One of the most highly publicized hard forks in Ethereum’s history was the hard fork that occurred after the DAO hack and restored the stolen ETH to the original owners. Because that hard fork was unplanned and contentious, the community split between those who supported the restoration of funds (Ethereum) and those who rejected it on grounds of immutability (Ethereum Classic). Uncontentious hard forks, however, have happened in Ethereum’s history to implement upgrades without ‘currency’ splits, including Homestead and Byzantium. Because the Ethereum community at large expects and supports the Constantinople hard fork, the token consequences as seen in the ETH/ETC hard fork are not expected.Constantinople will integrate 5 Ethereum Improvement Proposals (EIPs), which tackle a number of cost, speed, functionality, and miner issues.EIP 145: Bitwise Shifting Instructions [Efficiency & Speed]EIP 145 will add Bitwise shifting instructions to the Ethereum Virtual Machine (EVM). The instructions allow for bits of binary information to move to the left and to the right. This improvement means the execution of smart contracts will require 10x less gas.EIP 1052: Smart Contract Verification [Speed & Energy]EIP 1052 allows for smart contracts to verify one another by pulling just the hash of the other smart contract. Before Constantinople, smart contracts would have to pull the entire code of another in order to verify, which took time and energy to perform.EIP 1014: CREATE2 [Scalability]EIP 1014, known by CREATE2, was developed by Vitalik Buterin. The upgrade improves the enablement of state channels, an Ethereum scaling solution based on off-chain transactions.EIP 1283: SSTORE [cost]This proposal — the full name of which is ‘Net Gas Metering for SSTORE Without Dirty Maps’ — reduces the gas cost for the SSTORE operation. This reduction enables multiple updates to occur within a transaction more cheaply.EIP 1234: Block Rewards & Difficulty Bomb DelayEIP 1234 is one of the most highly-discussed Constantinople upgrade. It is comprised of two components: Block Reward Reduction and Difficulty Bomb Delay.Block Reward ReductionCurrently, when a miner succeeds at mining a block on the Ethereum network, they receive 3 ETH as a reward. After the Constantinople hard fork, miners will receive 2 ETH per block as a reward. This reduction from 3 ETH to 2 ETH is known as the “Thirdening.” This is the second time in Ethereum’s history when block rewards have been reduced. The Byzantium hard fork in late 2017 reduced the rewards from 5 ETH to 3 ETH.The reduction in ETH rewards over the years is in the effort to reduce the inflation of Ether in basic supply and demand economics. Ethereum is also not the only network to implement this strategy. Bitcoin halves its block rewards every 210,000 block towards its eventual cap of 21 million Bitcoin. Though the total supply of Ether does not have an established limit, reducing the inflation rate is an essential tool to ensure scarcity.For a more in-depth look at the Thirdening and its consequences, read here.Difficulty Bomb DelayThe Difficulty Bomb is a mechanism that, if activated, would increase the energy required (i.e. the ‘difficulty) to mine a new block until it becomes impossible and no new blocks can be mined. At this point, the Ethereum network would become ‘frozen.’ EIP 1234 delays the implementation of the Difficulty Bomb for another twelve months, at which point it will be voted upon again.The Difficulty Bomb was originally included in the network in September 2015. Its purpose is to support the eventual transition away from Proof of Work towards Proof of Stake. When PoS is implemented, miners could theoretically choose to support the old PoW chain, thus causing a split in the community and the creation of two separate chains — one maintained by stakers and one maintained by miners. The solution for this not to happen is to implement the Difficulty Bomb, which would eventually phase out the efficacy of mining and allow for the complete transition of the network over to PoS without the threat of a contentious hard fork.ConclusionThe Constantinople hard fork will be an exciting evolution for the Ethereum community. With the implementation of efficiency, speed, and lower costs, we are moving closer towards the full realization of Ethereum’s potential.Everett Muzzy, ConsenSyshttps://medium.com/media/eb70db0a21c4e8715b29a5306af17d39/hrefDisclaimer: The views expressed by the authors and contributors above do not necessarily represent the views of Consensys AG. ConsenSys is a decentralized community with ConsenSys Media being a platform for members to freely express their diverse ideas and perspectives. To learn more about ConsenSys and Ethereum, please visit our website.The Constantinople Hard Fork: What You Need to Know was originally published in ConsenSys Media on Medium, where people are continuing the conversation by highlighting and responding to this story.
Consensys Media

Upcoming Ethereum Constantinople Hard Fork Already Backed by 19 Exchanges Worldwide

CoinSpeaker Upcoming Ethereum Constantinople Hard Fork Already Backed by 19 Exchanges Worldwide The second update of Metropolis hard fork, called the Constantinople hard fork, should have been finalized on 13th of August 2018, tested for two months and released by the second week of October. Yet, the fork got postponed to January 2019 after developers detected mistakes in its program during the testing period. According to the sources, the Ethereum Constantinople hard fork is now set to happen between January 14-18th once block number 7080000 is mined. Currently, the date is not precisely set, but the sources suggest, that Constantinople will most likely activate on Wednesday, Jan 16th, probably around 7 am UTC with a block 7080000. The current average block time is around 15 seconds and today we are in a block number 7035939, so there are 44 061 blocks to go. The preliminary calculations show that there are around 5 days left until we reach the mentioned block (7035939/7080000). However, this will make a job a bit harder for many of the exchanges that announced their support of the Fork. For now there is 19 exchanges that officially confirmed support. Major cryptocurrency exchanges OKEx and Huobi among the first announced their intention to support the upcoming Ethereum (ETH) Constantinople hard fork. OKEx’s management team noted that the exchange would be taking a snapshot of all its accounts at block height 7,080,000. Huobi advised traders to deposit their ETH tokens into the platform as it will help them to manage all technical issues related to the network upgrade. London based crypto exchange CEX.IO announced that at the moment the company is making the necessary technical adjustments that will be able to enable the support need for the Constantinople upgrade. Just before the upgrade takes place, the CEX.IO will be stopping all the deposits and withdraws that are made in ETH. It is just to ensure that the customer’s funds are kept secure, but once the upgrade is completed all the ETH holders will be able to quickly resume with their trading of the coins on the exchanges just as before, but now on a better working system. The same goes for the US-based cryptocurrency exchange Bittrex that confirmed finishing all the preparations required to get ready for Constantinople hard fork. They tweeted: Update: @BittrexExchange has completed the Ethereum (ETH) Constantinople hard fork upgrade scheduled for block 7,080,000. — Bittrex (@BittrexExchange) January 8, 2019 Binance asked holders of ETH to allow sufficient time for deposits to be processed in full before the aforementioned block height is achieved. The exchange went on to assure traders that they will handle all technical requirements related to the event. The Constantinople hard fork has been lauded for achieving consensus across the Ethereum community. However, there is a slim chance that their might be other hard forks as developers and other Ethereum community members wish to carry out their own versions upgrading the Ethereum network. Binance has therefore added the following information in case of such outcomes: “Should there be any other hard forks or airdrops during the Constantinople hard fork period, we invite these respective project teams to contact us at airdrop@binance.com for further discussion.” OKCoin also confirmed their support advising their clients to deposit their Ethereum tokens into OKCoin as they will be handling all the technical requirements for the hard fork. Similar goes for IDAX that also recommended clients to deposit Ethereum tokens into IDAX. A popular Indian cryptocurrency exchange Koinex stated that the company will be also supporting the much-discussed Ethereum [ETH] Constantinople hard fork. Koinex had tweeted: Announcement: We will be supporting the upcoming Ethereum Constantinople Hard Fork. The Hard Fork will take place when the block height is at 7,080,000 and the estimated date of the fork is 16th January 2019. Stay tuned for further updates. — Koinex (@koinexindia) January 5, 2019 BitMart also confirmed their support for the upcoming Fork. Similar to other exchanges they are asking their clients to leave sufficient time for deposits to be processed in full prior to the block height. One of the last joined exchanges is New Zealand-based exchange Cryptopia who also announced their support on their official Twitter account saying: Cryptopia is pleased to announce support for the upcoming Ethereum (ETH) Constantinople Hard Fork. Find out what you need to know here: https://t.co/2ghPkdkAmc pic.twitter.com/RUqYwzqhxe — Cryptopia Exchange (@Cryptopia_NZ) January 10, 2019 The rest of the exchanges that announced their support (and we, at CoinSpeaker, will try to keep the list updated as possible) are Chinese digital exchanges Bibox and Hotbit, decentralized exchange EtherFlyer, crypto exchange BitForex, Indian crypto exchange WazirX and multi crypto wallet Exodus Wallet. Also, support comes from transaction mining exchange platform Catex, Indian platform Indodax, Thai crypto exchange TOK and Singaporean crypto exchange ABCC. Mid December last year found ETH in the number 3 spot according to market capitalization. This was after XRP edged out the King of Smart Contracts from the number 2 slot as the bear market accelerated with BTC trading at $3,200 on the 15th of December. At the same time, ETH was trading at around $83. At the time of writing ETH was trading at $134.84 with market capitalization of $14,063,336,619. Upcoming Ethereum Constantinople Hard Fork Already Backed by 19 Exchanges Worldwide
Coinspeaker
More news sources

Serenity news by Finrazor

Trending

Hot news

Hot world news

BAT Outperforms Bitcoin, XRP On New Brave Browser “Rewards” Feature

Brave Browser Announces BAT “Rewards” Feature On Tuesday, Brave Browser, a crypto-friendly internet application headed by the founder of Mozilla Firefox, Brendan Eich, made a surprising announcement, seemingly aiming to start of 2019 with a proverbial bang. Via a company release, conveyed through its in-house blog, the Brave and Basic Attention Token (BAT) team, which consists of Eich, coupled with an array of fintech, Silicon Valley, and crypto veterans, revealed that it would be previewing “opt-in ads in [the] desktop browser developer channel.” While this feature sounds nebulous, there’s more to this integration than meets the eye. In fact, as broken down in a PC Magazine feature article, this new advertising model will allow common Joes and Jills to earn crypto, in the form of BAT, and potentially other rewards in the feature. This new offering, dubbed Brave Rewards, will siphon 70% of earned ad revenue to users who agree to view advertisements. The remaining 30% will be paid to Brave’s war chest — a likely controversial play, but one necessary for the blockchain project’s long-term survival. Rewards will be available via Brave’s developer/test browser edition. It wasn’t exactly divulged when the innovative feature would hit the publics’ desktops, but the following GIF is how the feature will work: Looking outwards, the Brave team revealed that they expect opted-in users to earn upwards of $60 to $70 a year in the near future, with their preliminary projections predicting that $224 a year could be earned by 2020 through Brave’s in-house ecosystem. While this sounds great — an effective free $224/year for viewing ads — like all things too good to be true, there’s a catch. At the time of writing, Brave has announced support for BAT token withdrawal, as the company wants Rewards’ users to reward their favorite content creators, whether it be large new portals or Youtubers. After this feature goes live successfully, Brave intends to activate “publisher-integrated ads,” which will allow content creators to feature “private ads” on content creators’ pages through the startup’s systems. The company subsequently explained its Brave Ads offering and its applications/benefits from a top-down perspective, writing: With Brave Ads, we are reforming an online advertising system which has become invasive and unusable. Users have turned to ad blockers to reclaim their privacy from ads that track them and sometimes even infect them, and publishers are finding it increasingly difficult to earn ad revenue to sustain quality content with intermediaries that collect huge fees. It is important to reiterate that at this time, this newfangled feature is technically in its beta phase. Due to this positive news, the popular altcoin, which recently gained the support of industry powerhouse Coinbase, has posted a respectable price gain. At the time of writing, BAT is currently valued at $0.125 apiece, posting a 3% in the past 24 hours. The crypto, currently the 36th in this market’s standings, is currently outperforming Bitcoin (BTC) by 2.7%, and Ethereum (ETH) by 2.4%. Crypto Lulls: Bitcoin, Ethereum, XRP Post Barely Any Movement In the same vein of cryptocurrency prices, the broader market has posted close-to-zero movement in the past 24 hours. Per data from Coin Price Watch, BTC has found itself at $3,645 — a mere 0.58% gain over the past day. Other leading crypto assets have also posted slight gains, but have still underperformed BAT. XRP, the go-to asset for fintech upstart Ripple, is up 1.27%, as it sits just shy of the $0.33 price level at $0.3296. ETH, which recently tumbled due to the delayed Constantinople fork, has found itself up by 2%, regaining a portion of the losses incurred yesterday. While the market is trending slightly positive, some analysts expect that BTC is ready to dive. Speaking to MarketWatch, Jani Ziedens of Cracked Market claimed that BTC, if truly oversold, should be posting monumental gains right now, rather than finding itself in an extended lull. So, Ziedens added that this “lethargic base” indicates that demand is limited, “incredibly weak” even, and as such, lower crypto bottoms may be inbound. BAT Title Image Courtesy of Descryptive.com via Flickr The post BAT Outperforms Bitcoin, XRP On New Brave Browser “Rewards” Feature appeared first on Ethereum World News.
Ethereum World News

Cryptopia Hacker Moves Stolen Crypto to Binance; Community Alerts CZ and Funds Are Frozen

It is clear that hackers gave themselves a place to stay in the cryptocurrency industry, which was only made more evident by a recent security breach that happened over the last few days. Cryptopia, a leading exchange in New Zealand, announced a breach that ended in a major theft on January 14th. However, unlike the unfortunate tale that many other exchanges succumb to, that is not the end of the story. The official statement notes that Cryptopia has placed itself into a maintenance mode, helping them to protect their accounts until the regulatory authorities of New Zealand provide other details. Both the High Tech Crimes Unit and the local police are pursuing investigative efforts, though they have commented that “a significant value of cryptocurrency may be involved.” At this point, the actual amount has not been released, and no substantial details have been provided. Still, that has not stopped local news portal Radionz from reporting that the loss is close to $3.6 million. A Twitter user, ShaftedTangu, seems to know where these digital assets are going. On the posts, the user said, Hey @cz_binance Binance has stolen tokens from Topia hitting it sir. Can you lock it down? https://t.co/0XllsBejUV — I Dream Of Alts (@ShaftedTangu) January 16, 2019 Through a string of additional tweets, the user continued to track the funds, as he mentioned wallet address 0x9007a0421145b06a0345d55a8c0f0327f62a2224. In another tweet, he claimed, “Currently the 0x900 wallet contains around $10 mil USD of tokens, large amounts are $PRL $2mil, $CENNZ $1.168 mil, $Denacoin $2.73 mil, $MSP $0.99 mil” Luckily, just under four hours after the original tweet, CZ Binance replied. The reply said, Just checked, we were able to freeze some of the funds. I don't understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It's a high risk maneuver for them. https://t.co/i0PeahLzic — CZ Binance (@cz_binance) January 16, 2019 With such a nonchalant type of reply, it is quite a victory for Cryptopia and Binance that the funds could be frozen at all. However, the victory has not been won yet, considering there is no indication of exactly who performed the hack in the first place. Cryptopia has remained silent, though they posted to their own Twitter profile, saying, “We cannot comment as this matter is now in the hands of the appropriate authorities. We will update you as soon as we can.” As a result of these issues, Zhao posted that users should keep their holdings on exchanges, rather than a hardware wallet. However, his post caused an onslaught of negative replies, with some saying that his post implied that self-storage is substantially riskier than storing on a seemingly “reputable” exchange. Zhao later retracted, saying that he was not advising investors to store funds on exchanges. In the first half of 2018 last year, there was over $731 million lost in thefts involving exchange hacks. However, none have reached the severity experienced by the 2014 Mt. Gox hack.
Bitcoin Exchange Guide

Binance Freezes ‘Some of the Funds’ Stolen in Cryptopia Hack

Some of the stolen cryptocurrency from yesterday’s Cryptopia hack has been sent to Binance, which has confirmed already freezing some of the funds.  Binance Freezing Funds Stolen from Cryptopia Twitter account @ShaftedTangu has alleged that some funds stolen as a result of Cryptopia’s hack have been siphoned through Binance. The amounts sent to Binance in question include roughly $7,500 in Metal (MTL) 00, $6,750 in KyberNetwork coin (KNC) 00, $7,181 OmiseGO tokens (OMG) 00, and $8,724 in EnjinCoin (ENJ) 00. All of it totals around $30,000. Changpeng Zhao, CEO at Binance – the world’s largest cryptocurrency exchange by means of traded volumes, has confirmed the allegations, reassuring that they’ve already frozen some of the funds. Zhao commented: Just checked, we were able to freeze some of the funds. I don’t understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It’s a high-risk maneuver for them. Just checked, we were able to freeze some of the funds. I don't understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It's a high risk maneuver for them. https://t.co/i0PeahLzic — CZ Binance (@cz_binance) January 16, 2019 Bitcoinist reported yesterday that Cryptopia’s security has been breached, resulting in ‘significant losses’. Police in New Zealand also confirmed. Binance Caught in the Fire Zhao’s tweet caused a reaction in crypto Twitter’s community as one user (@Crypto_Bitlord) expressed his bewilderment that Zhao referred to “social media” as a means of reporting rather than Binance’s own surveillance systems. I’m genuinely shocked stolen funds from @Cryptopia_NZ have easily passed through @binance UNDETECTED until social media flagged them. This raises some big questions. How is that possible with modern blockchain analysis? — Sir Bitlord (@Crypto_Bitlord) January 16, 2019 On the matter, Binance’s CEO said: It’s quite easy to generate a brand new address. We (and no one) recognize every transaction out there. We already have very in-depth and detailed blockchain analysis. Yet, the question remains – if a regular Twitter user has been able to detect the transaction in question, how, and more importantly – why did Binance miss it? Perhaps the better question, as posed by @Crypto_Bitlord is: So you are saying criminals can steal funds and just create a brand new address to send to before binance? In the meantime, Binance announced today the launch of their Binance Jersey fiat exchange. The platform is aimed at traders from Europe and it offers BTC/GBP, ETH/GBP, BTC/EUR, and ETH/EUR trading pairs. What do you think of Binance missing the transactions in question? Don’t hesitate to let us know in the comments below! Images courtesy of Shutterstock The post Binance Freezes ‘Some of the Funds’ Stolen in Cryptopia Hack appeared first on Bitcoinist.com.
Bitcoinist
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.