Where the shoe pinches or where the bulls are running?

Where the shoe pinches or where the bulls are running?

Ripple heads crypto coalition, China's investors bypass ICO ban, US Congress nixes the bill, AT&T joins blockchain, Coinbase introduces ‘Coinbase Bundles’, interview with Binance CEO, Gemini Trust adds LTC

  • BTC is trading at the price of $6,650, ETH has come to $225.69 at the moment of writing.


3,611 USD


119.56 USD


32.02 USD


130.00 USD


4.38 USD

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Bitcoin Miners’ Refuge? Zcash Mining Hash Rate Sees 650% Growth

While the bitcoin hash rate has taken a downward shift during the latter half of last year, Zcash has been on a constant upward movement that could make it a crypto miners refuge. Miners Flocking to Zcash The reports of Bitcoin miners leaving the crypto mining scene has been doing the rounds since mid-2018 after the crash of 80 to 90 percent in cryptocurrency prices. Bitcoin is down about 82 percent from its all-time high at $20,000 to about $3,500. Around October, Bitcoin hash rate took a dip and only started upward descent in mid-December. According to Diar’s latest report, cryptocurrency miners are flocking to Zcash due its block reward halving period. “Cryptocurrency miners have found refuge in solving for Zcash with the block reward still two halving periods behind Bitcoin (Zcash follows the same controlled supply model with differing block times).” The privacy-focused cryptocurrency, Zcash is a code fork of Bitcoin protocol that uses  zero-knowledge proofs to “enable privacy-preserving transaction data.” It first came into existence in late October 2016. The hash rate of Zcash has been growing on a constant upward movement as can be seen in the 1-year chart above. “With 7200 ZECs up for grabs daily the networks mining hash rate has been able to sustain a 650% growth as other cryptocurrencies lose equipment in the face of the ongoing bear market and stiff competition.” Earlier this month, zooko Took to Twitter to share the ongoing developments in Zcash to share that “As expected, the GitHub thread about radically revamping Zcash mining is heating up. https://github.com/zcash/zcash/issues/3672 … It’s important because at today’s prices there is more than $400K/day of new Zcash issuance” The community is also working on Zcash blossom, a “dual-proof-of-work scheme, where one algorithm is backward compatible with current mining equipment, and another is designed to work well with GPUs on a temporary time scale.” Harmony mining will be affecting the miners as its goal is to make the Zcash ecosystem more resilient by “spreading issuance and political influence among distinct kinds of stakeholders.” The post Bitcoin Miners’ Refuge? Zcash Mining Hash Rate Sees 650% Growth appeared first on Coingape.

New CER Report Puts Kraken, Coinbase, Binance and BitMEX as Safest Crypto Exchanges

As many of our readers already know, the past few weeks have hit the crypto industry hard— with the market being subject to immense bearish pressure causing many of the top altcoins to tumble even further. Additionally, in the recent past, many altcoin enthusiasts have taken to different social media platforms in order to voice their opinions regarding the need for better security within this burgeoning domain. In this regard, a brand new study released by Cryptocurrency Exchange Ratings [CER] has looked closely at the security protocols/ measures taken by the world’s top 100 cryptocurrency exchanges in order to protect customer funds. To be more specific, the scores were devised on the basis of certain parameters such as: The individual Cyber Security Score [CSS] of a particular platform— a metric that grades various niche’ privacy parameters on a 10-point scale. The degree of server security provided by a particular exchange. More On The Matter Over the course of the past 12 months, security agencies across the globe have noted that a mammoth sum of $1.3 billion has been stolen from various cryptocurrency exchanges by miscreants. This data was then collated by the CER team through the use of their native assessment models for carrying out a host of security audits. These audits took into consideration some core privacy aspects such as: User Security Ongoing Crowdsource Security Assessment [OCSA] Server Security To elaborate further on the matter, we can see that statistical data provided by the CER shows that only a total of “nine crypto exchanges scored above eight points out of ten” (on the CSS scale). In this regard, the platforms that performed the best were Kraken, Coinbase Pro, Binance and BitMex. However, quite surprisingly, a whole host of popular exchanges such as Bithumb, DOBI, ZBG, Coincheck, and Zaif came in over the 90th spot. Source: Cryptocurrency Exchange Ranking So Where Did Most Exchanges Fall Short? A closer look at the report shows that there are three factors that have been the most worrisome for a large number of exchange platforms. These include: The existence Of Bug Bounty Programs DNSSEC Record HTTP Headers Not only that, out of the above-stated problems, the DNSSEC records and HTTP Headers were the two aspects that had a direct impact on the “server security” of most exchange platforms. For those of our readers who may not know, the DNSSEC protocol (abbreviation for ‘ Domain Name System Security Extensions’) makes use of a public key encryption module to verify DNS servers so as to ”prevent the usage of forged or manipulated DNS data”. According to the above mentioned CER study, a whopping “60% of the analyzed platforms did not possess the appropriate records for their domains.” As far as HTTP Security Headers go, they can be thought of as security-related fields in the header section of ‘HTTP request and response module’ which if installed correctly can counter the effects of ‘scripting attacks’. According to the CER study: 59% of the exchanges had missed six to seven of the headers. 17% missed four to five 13% missed just two to three headers, 11% of the exchanges missing just one header Other Data Worth Considering Out of all the examined platforms, only a meager 13% had ongoing bug bounty programs that were reliable. Around 6% of the firms were found to be hosting Bug Bounty programs by themselves while an additional 7% made use of specialized platforms (such as HackenProof or Bugcrowd) to serve the purpose. Final Take In closing out this article, it is worth noting that a couple of weeks back, Cryptopia released a statement saying that it had fallen victim to a security breach that had caused the firm to lose quite a substantial chunk of their stored customer funds. While they did not reveal the amount that was compromised, day to day operations for the exchange have been put on halt until further notice.
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