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PIVX, a private transactions altcoin, and allegedly another 200 other chains are vulnerable to a bug that has been used across multiple PoS blockchains. Private transactions cryptocurrency PIVX and over 200 other blockchains are vulnerable to a vulnerability allowing the attacker to obtain disproportionately high staking rewards. A major staking vulnerabilityCryptocurrency consulting firm Lunar Digital Assets claimed in a post published on its website on Aug. 12 that a staking vulnerability is being used across PIVX and its forks. The weakness reportedly allows the attacker to obtain mathematically impossible staking rewards on vulnerable Proof of Stake (PoS) chains. According to the post’s author, the PIVX development team claimed to have solved the issue in January. Nonetheless, a core developer of PoS altcoin BitGreen (BITG) noticed that the vulnerability in question is allegedly being exploited again. The consequences are explained in report in the following way: “To put it bluntl..
Ethereum Classic Labs’ Stevan Lohja says that many top cryptos would be “rekt” by Ethereum Classic if it removed “Ethereum” from its name. Ethereum Classic Labs’ Stevan Lohja says that many top cryptos would be “rekt” by Ethereum Classic (ETC) if it removed “Ethereum” from its name. In a tweet posted on Aug. 11, Lohja — who works as technology coordinator at Ethereum Classic Labs — wrote: “Opinion: Many #cryptocurrency in the top market cap would be absolutely #Rekt by #EthereumClassic if we removed #Ethereum from the brand. I know we are original Ethereum project, but maybe this can be water cooler chatter at summit eh?” Classic XAs Cointelegraph has previously reported, Lohja’s reminder that Ethereum Classic is the original Ethereum project refers to the fact that the coin runs on the original version of the blockchain, before it was hard forked in 2016 in response to the DAO scandal. After the hard fork, “Classic” was added to the cryptocurrency’s name to distinguish it from its s..
The founders of Orbs — the blockchain startup President Trump invited to his Middle East Peace Plan conference — have become mired in their own fraternal strife. The founders of Orbs — the blockchain startup President Trump invited to his Middle East Peace Plan conference — have become mired in their own fraternal strife. As Israeli news site Globes reported on August 4, Orbs’ Elad Arad is suing his co-founders Uriel and Daniel Peled for having dispossessed him of his share in the firm, among other charges. Peaceful glimmersOrbs is an Israeli blockchain infrastructure-as-a-service firm that raised over $133 million in an initial coin offering last year and thus ranked among the top ten ICO projects in terms of capital raised in 2018, as Cointelegraph has reported. This June, President Trump invited a small delegation of six business leaders from Israel to his Middle East peace plan launch event, “Peace to Prosperity,” in Bahrain. As Orbs’ press release at the time noted, “no officia..
In cryptocurrency news today, Bitcoin is down at the moment by 5.2%. As at press time, it was trading at $9,538. The coin is down by 12 68% from the weekly chart. The Bank of China recently published a piece of graphical information showing how Bitcoin works, what it is and its value, on its website. Bitcoin News Today – the Bulls May Find it Difficult to Push Prices Up – Bitcoin Price Analysis – Bitcoin Latest Update In Bitcoin price analysis Bitcoin prices have been bearish in the past week, with prices going below $10,400. The BTC/USD pair saw strong resistance at the $10,200 mark as it attempted an upside trend going past the $10,000 mark. The coin made two attempts in the past week to breach the resistance set at $10,200 but could not gather enough momentum. Because of this, a break below the $10,0000 mark was observed, with the price settling below the 100 Simple Moving Average (SMA). Bitcoin (BTC) Price Today – BTC / USD Name PriceBitcoin$9,540.001.09% Recently, Bitcoin’s tr..
California-based crypto wallet service Abra will restrict U.S. users from holding EOS and other altcoins in August. California-based crypto wallet service Abra will restrict some services for American users starting from August. Abra will have to enforce some system modifications due to continued regulatory uncertainty in the United States, according to a blog post on July 25. Notably, American users will no longer be able to hold a number of cryptocurrencies, including EOS (EOS). U.S. users can’t hold certain altcoinsSpecifically, the platform will start migrating its smart contract-based synthetic assets to a native hosted wallet solution, adding that those assets are defined on Abra as anything other than Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). This migration will have a direct impact on some services for U.S. users, including restriction from holding five cryptocurrencies. Namely, Americans will not be eligible to hold EOS, QTUM, Bitcoin Gold (BTG), Omis..
The road ahead for the cryptocurrency seems paved with disappointment and hardship. Almost all the coins seem prone to the bearish pressure pressing on the industry. There is a trend of selling this period and it has cut across the whole cryptocurrency industry. A ray of sunshine shines through on Ripple XRP as the coin seems to be getting ready to shrug off the bearish weight from its shoulders. Ripple News Today – XRP News Today – XRP Moves Ahead The Of Other Cryptocurrencies The Ripple XRP traded low and broke the support level at $0.2940. The XRP swung low at $0.2833 but began to show signs of a correction in the upward direction. The XRP price analysis shows a recovery starting when the coin broke above the resistance level of $0.2940 and $0.3000. This week’s bearish trend was halted at the $0.3040 mark and this move opened the door for gains to occur above the $0.3150 resistance. XRP (XRP) Price Today – XRP / USD Name Price24H (%)$0.322029 1.85% With the recent activity by th..
Though Ripple did not start the year on a positive note, the third performing cryptocurrency in the market now sings a different tune. Amidst the tumble and dipping of other crypto coins, Ripple XRP shines bright. This is a welcomed development for XRP investors and traders. Ripple XRP is currently selling at $0.30. it climbed from $0.29 to its present price over 24 hours. The XRP went further to cross the $0.31 level but dipped slightly to $0.30. It has remained steady at $0.30 despite the bearish pressure on it. Analysts declare a Ripple price prediction of $0.30 with the hope that the XRP will climb to $0.31 which it had briefly reached. This is a breath of fresh air for traders and investors in the cryptocurrency market. The various coins have been taking a beating and XRP’s upward rise has brought hope. Ripple News Today – XRP Price Prediction – XRP News Today – XRP Outperforms The Market From Ripple XRP price analysis, the support levels rest at $0.2850 and $0.2800. The resistan..
New Binance report says that BTC’s correlation with other cryptos declined in Q2, while other cryptos’ correlation rates have remained quite high. Bitcoin’s (BTC) has become less correlated with other cryptos in Q2 2019 due to a potential “flight-to-quality” in the recent bull run, according to a Binance report on crypto correlations released on July 5. In its “2019 Q2 Crypto-Correlations Review,” Binance specified that average correlation between Bitcoin and all other major crypto assets declined to 0.61 from 0.73 in Q1 2019. Correlation rate is a statistical measure that indicates the degree of the relationship between assets, with the values ranging between -1.0 and 1.0. As such, assets with a correlation above 0.5 are considered to have positive correlations, while those below -0.5 are considered to have negative ones. According to the new report, general correlation among major cryptocurrencies has remained “quite high” in Q2 2019, while Bitcoin’s correlation dropped. At the ..
VeChain News Today – VeChain has been on fire all day with the price outperforming almost every cryptocurrency on CoinMarketCap. Per our previous cryptocurrency news update, the price of Bitcoin, Ethereum, XRP and other altcoins have been correcting lower against the USD following the recent minor bull run. While CoinMarketCap is painted in red with the bloody sell-off, VeChain is up by more than 12% at the time of writing. Among the top five cryptocurrencies, the only one that isn’t in red is Litecoin. The digital silver is up by more than 3%. So, why is VeChain outperforming the rest of the market and what effect will this have on the VeChain Thor price prediction 2019? VeChain News Today – VeChain Thor Price Prediction 2019 – Why Is VeChain Surging? In our previous VeChain news, we noted that the VeChain Thor price prediction 2019 is bullish because of a number of factors. The VeChain partnerships alone have set the stage for a successful future for VeChain. On Tuesday, there was ..
Cryptocurrency Market Update – This weekend was one of the most bullish weekends for cryptocurrencies this year. While the price of altcoins typically trade in red during the weekend, they managed to stay green almost throughout this weekend with the price of the flagship cryptocurrency Bitcoin, crossed the $9000 mark, traded as high as $9400,and aiming for $10,000. As the price of Bitcoin BTC rallied along with the rest of the cryptocurrency market, the total market capitalization increased significantly above the resistance at $260. Some of the altcoins we would consider in today’s cryptocurrency market update are Cardano (ADA), Bitcoin Cash (BCH), and Ethereum (ETH. Cryptocurrency News Today – Cryptocurrency Latest Update – Cryptocurrency News Today – Crypto Market Update Cardano ADA has been trading in green for some days now save for the minor corrections. The price of ADA was able to break above the resistance levels at $0.0900, $0.0920 and has now set sites on the resistance at..