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Bitcoin Wallet Company, Blockchain, To Give Out $125m Worth Of XLM...

Blockchain, a company that providers Bitcoin wallets is set to launch a Stellar (XLM) airdrop. The company intends to give out $125m in XLM to all the participants of the airdrop. This event will mark the biggest cryptocurrency airdrop in history. The announcement was made during the Lisbon Web Summit on Tuesday by the CEO of the company, Peter Smith. Everyone within the 30 million customer base of the company will be entitled to tokens as long as they participate in the airdrop with verified wallets. Stellar (XLM) Price Today – XLM / USD Name Price24H (%)$6,476.99 -0.29%$0.234824 -1.78% Blockchain, as a company, offers retail investors digital wallets on a global scale. The giveaway is going to last for six months. The tokens that will be used for the airdrop will be provided by the Stellar Development Foundation. This is a nonprofit organization that was created to promote Stellar Lumens (XLM). The giveaway, is called a cryptocurrency airdrop. It is the process of giving out crypto..

Hackers Attack EOS Bet Again Stealing $338,000 Worth Of Tokens From...

Not too long ago, smartereum.com reported that EOS Bet was hacked by cyber criminals. The developers were able to identify the loophole and seal it. However, the platform has suffered another hack. This time, hackers were able to steal EOS tokens worth $338,000. The hackers performed illegal transactions that allowed them to run with 65,000 EOS which is equivalent to $338,000. This is because of a vulnerability in the EOS blockchain that can be exploited through EOS Bet. The hackers were able to trick the EOS smart contracts functionality into paying their fake accounts using a malicious code. It is the malicious code that rendered regular accounts, fake. EOS Price Today – EOS / USD Name Price24H (%)$5.41 0.44% As at the time of writing, the EOS development team was yet to issue any statement about how dip the damage went. However, one of the block producers said that it was possible because of a loophole in the system and it would be better if there was a more rigorous verification ..

Nouriel “Dr. Doom” Roubini: “99 Percent of Cryptocurrencies are Worth Zero”

An interview with Mr. Roubini about “buggy” smart contracts, Ethereum being a scam, why he might want to give the industry another try The interview has been edited and condensed. Nouriel Roubini is a New York-based economist that famously predicted the 2008 financial crisis when only a few considered there might be a threat to the existing course of events at the time. A Harvard alumnus and now a professor at NYU Stern School of Business, Mr. Roubini has always been critical of the crypto and blockchain industry. Oct.11, 2018 he testified at the Congressional hearing on Capitol Hill, Washington D.C., warning U.S. senators about “the mother or father of all scams and bubbles," — crypto. We met with Mr. Roubini during BlockShow Americas in Las Vegas and talked about why he doesn’t believe in smart contracts, thinks Ethereum is a scam, and the fact that he might want to give the industry another try. On being “against” the crypto industry“I'm not against [it], I'm open to any ..

Tron (TRX) To Secure A New Partnership Worth Tens Of Billions...

Tron (TRX) has been sounding its trumpet in the crypto space since its inception. Tron is a decentralized internet startup. The blockchain project has refused to slow down when it comes to promoting its digital currency. Tron (TRX) even became more popular after the launch of its Mainnet. This is due to the numerous developments, news and partnerships it has secured since then. The founder and CEO of the blockchain project – Justin Sun – has also been very outspoken about the project. He has been at the forefront of increasing the awareness of the digital currency. Justin Sun was also in the news recently when he said the Tron (TRX) developer community is more active and vibrant than Ethereum. The Tron Foundation recently released a new tool suite for its developer community. Justin Sun Announces A Forthcoming Partnership Recently, the CEO of the Tron (TRX), Justin Sun, announced a forthcoming partnership with an industry giant. The partnership is said to be valued at tens of billio..

Report: Blockchain in Agriculture and Food Supply Will Be Worth $430...

The next five years will see blockchain in agriculture and food supply chains increase in value by over 600 percent. Agriculture and food supply chains will get investment worth over $400 million over the next five years directly from blockchain, according to a new report. Authored by Reportlinker, a report released this week “Blockchain: Agriculture Market Forecast until 2023” foresees the sector growing from its current worth of $60.8 million to $429.7 million at a compound annual growth rate of 47.8 percent. “Blockchain technology is revolutionizing the food and agriculture sectors by enhancing the decision-making capabilities of organizations,” a summary press release reads. “The blockchain market is expected to grow, owing to the increase in the demand for supply chain transparency along the agriculture and food verticals.” As Cointelegraph reported numerous times, major food giants across the world are experimenting with blockchain solutions to address a range of inefficiencies...

Report: Blockchain in Manufacturing Market Will Be Worth $500 Million by...

A recent study by ReportLink states that blockchain in the U.S. manufacturing market will increase from 2020–2025. A recent report by technology research company ReportLinker shows that blockchain technology in the U.S. manufacturing sector is expected to grow significantly from 2020–2025. While preparing the report, the authors split blockchain usage by application, end use, and territory. The study then divided the blockchain in manufacturing market based on end use into energy and power, industrial, automotive, pharmaceuticals, aerospace & defense, food and beverages, textile and clothing, and other sectors. According to the research, the blockchain in manufacturing market is expected to be worth $30 million by 2020 and grow at a compound annual growth rate of 80 percent to $566 million by 2025. Per the report, blockchain will simplify business processes and ensure transparency and immutability, while eliminating intermediaries in logistics and supply chains. The authors cite sever..

Chinese State Bank Uses Blockchain to Issue Digital Mortgages Worth $1.3...

The Chinese Bank of Communications has successfully finished the first issue of a digital mortgages pack on blockchain worth approximately $1.3 billion. The Chinese state-owned Bank of Communications (BoCom) has successfully issued $1.3 billion of residential mortgage-backed securities (RMBS) using blockchain technology, national securities outlet China Securities Times writes Wednesday, September 27. BoCom — the fifth largest bank in China according to S&P Global recent stats — used an independently developed platform called Juicai Chain to issue 9.3 billion yuan worth of RMBS, which is approximately $1.3 billion. By using blockchain, all parties participating in the loan are able to track assets, manage cash flow, and perform other business operations. As China Securities Times writes, the use of blockchain will help reduce risks and also will shorten the RMBS issuance time, along with providing assets’ authenticity. According to major local newspaper Xinhua, Juicai Chain was launch..

$200,000 Worth Of EOS Stolen By Hackers Because Of A Flaw...

An EOS gambling app has been exploited and $200,000 worth of EOS has been stolen by hackers due to a vulnerability on the EOS Blockchain. EOSBet, a well known EOS gambling site based on smart contract functionality was taking offline shortly after the security breach. A spokesperson from EOSBet said: “A few hours ago, our platform was attacked and up to 40,000 EOS was stolen from our bankroll. This isn’t a minor attack and we are doing everything we can to find out how such an attack was possible. Our services will resume soon.” Later on, the platform announced that the hack was possible because of a flaw within the coding of one of the games hosted by them. The hackers didn’t just target one game but numerous games using the same faulty code. The hackers got away with the EOS by tricking the transfer funds system using a fake hash. SEE ALSO: CCO Of BitPay, Sonny Singh, Has Taken A Bullish Stance On Bitcoin But Not ICOs For 2019 EOS Price Today – EOS / USD Name Price24H (%)$5.42 3...
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