Dec. 8, 2018
Transaction privacy is a fundamental requirement for many kinds of financial services, and the inability to provide this privacy has prevented Ethereum from providing compelling alternatives to traditional financial instruments. There are several blockchains and blockchain projects that use cryptographic techniques to provide this privacy, but this privacy is reserved for the ‘native’ cryptocurrency of the blockchain in question. This transaction privacy is not accessible for digital assets built on top of blockchain protocols.
Sep. 17, 2018
The virtual machine that allows ethereum to compute everything in a decentralized way is getting a massive overhaul. At the heart of ethereum lies a virtual computer. Stored across tens of thousands of nodes that make up the platform, the ethereum virtual machine, or EVM, is responsible for executing the countless tokens,dapps, DAOs and digital kittens of which the blockchain is comprised of.
Sep. 12, 2018
A crypto trading exchange with eye-watering margins of 100x has angered ethereans after Bitmex’s CEO, Arthur Hayes, appeared to tell his customers, under an official Bitmex account, to short eth. Hayes then goes on to use some very colorful and highly professional language in contrast to his public tweet which said: No punting here, but to all the Bitmex customers, which are automatically subscribed to a “newsletter,” he told them eth is “a double digit” colorful coin. In other words, Bitmex hates ethereum and as of today Bitmex is apparently handling $3 billion in trading volumes for the eth/usd perpetual swap.
Sep. 4, 2018
There are free-riders in the cryptocurrency ecosystem. At least, that’s the contention of a new paper, shared with CoinDesk on Monday, written by ethereum founder Vitalik Buterin,Microsoft researcher Glen Weyl and Ph.D. of economics at Harvard, Zoë Hitzig. And free-riders pose a problem.
Described in the paper, free-riders are people or businesses that profitfrom the under-provision of public goods. And, on top of that, ‘the more people [these public goods] benefit the more they will be under-provided.’ It’s an issue that plagues development even outside the cryptocurrency space, but the authors are – at least – initially focused on how the idea creates harmful incentives for the funding of blockchain projects.
Sep. 4, 2018
Ethereum community got all curious and agitated after Tech Crunch published an article on Ethereum – ‘collapse of ETH is inevitable’. Number of questions and doubts popped up and to answer it all co-founder Vitalik Buterin wrote a post giving an insight about it. Surprisingly, he agrees ‘collapse of ETH is inevitable’, at least for now.
Cryptocurrency entrepreneur Jeremy Rubin wrote the Tech Crunch article stipulating the price of ETH and that it is bound to plummet. Vitalik Buterin agreeing to the piece wrote on Reddit, “In Ethereum as it presently exists, this is absolutely true.” Buterin further added, “[A]nd in fact if Ethereum were not to change, all parts of the author’s argument […] would be correct.”
Jul. 13, 2018
This week, the start-up said that a wallet being used to ‘upgrade’ smart contracts was compromised. This wallet was then used to withdraw $12.5 million in Ethereum (ETH), alongside $1 million in Pundi X (NPXS) and $10 million in Bancor Network Tokens (BNT). Bancor says that once the compromised wallet was identified the company was able to mitigate the damage by freezing the transfer of BNT, bringing the cost down to roughly $13.5 million.
Jun. 15, 2018
Are bitcoin and ether securities? Finally, one of the biggest questions and debates in crypto has been answered by the SEC, officially. In an announcement at Yahoo Finance’s All Market Summit: Crypto in San Francisco on Thursday,the U.S. Securities and Exchange Commission Director of Corporate Finance William Hinman said that the commission would not be classifying ether or bitcoin as securities.
The commission’s policy is in line with what SEC Chair Jay Clayton said recently about bitcoin: that cryptocurrencies are not securities and the definition of “security” would not change to include bitcoin. (Clayton said digital tokens were securities, but cryptocurrencies were not.) Hinman’s announcement marks the official position of the SEC: the name isn’t important, but the way in which it’s sold, promised, and behaves is the key deciding factor.
Jun. 13, 2018
The EtherScamDB website was created by the team behind the MyCrypto wallet service for the purpose of tracking various types of online scams centering around the Ethereum platform and associated cryptocurrencies and assets. For the past few months, the website has been inventorying various types of Ethereum scams, such as classic phishing sites that imitate legitimate apps and wallets, trust-trading sites that push inaccurate advice or recommendations, but also online giveaways scams that promise to multiply Ether funds if victims transfer crooks a small sum of money. The latter category has recently become rampant on Twitter, and on a daily basis, the social network’s most popular tweets are often inundated by these ‘Ether giveaway’ scams.
May. 28, 2018
Cryptocurrency trading app Taylorsuffered a catastrophic hack on May 22 that resulted in the loss of over 2,500 ETH, valued at $1.5 million. In addition, the trading platform lost 7% of the total TAY token supply, potentially crippling the development of the trading software. According to the official statement, the only tokens that remain in the Taylor fund are those in the Founders’ and Advisors’ pools that are held in aninaccessible vesting contract.
May. 28, 2018
Today we’re excited to announce the first mainnet release of ZeppelinOS, a platform for developing, managing, and operating smart contract applications in Ethereum. You can start using it right now at zeppelinos.org. Until now, it was difficult and costly to fix problems in smart contracts.
Hundreds of millions of dollars were put at risk because of easy-to-fix vulnerabilities, but fixing them was too costly or even impossible. With ZeppelinOS, that will no longer be a problem. Developers can now build smart contracts that can be easily upgraded over time.
May. 25, 2018
This is not about archival nodes. This is about about staying in sync, after the fact. My Argument: Ethereum’s runaway data directory size is just the tip.
My Prediction: It will all work, until it doesn’t. My Suggestion: Transpose. My Argument: Ethereum’s runaway data directory size is just the tip.
My Prediction: It will all work, until it doesn’t. My Suggestion: Transpose. My Argument:
May. 21, 2018
In November 2017, a pseudonymous actor exploited a vulnerability in Parity’s multi-signature Ethereum wallet library that rendered half a million ether inaccessible to their owners. Ironically, the culprit, Devops199, was trying to patch another vulnerability that allowed hackers to steal $32 million from Parity’s multi-signature wallet accounts back in July of 2017. While tinkering with the popular service’s smart contracts, Devops199 blundered his way into complete ownership of the library that houses the entirety of Parity’s multi-signature wallet accounts.
May. 14, 2018
Ethereum developers have long known that scaling the network is a subject worth discussion and investment. The matter did not quite spill out from the developer community, however, until late 2017, when a decentralized application (dApp) named CryptoKitties attracted so much traffic it began slowing down the network. On top of network latency, the price of gas—the fee required to run each operation within a contract on the Ethereum blockchain—soared as users competed for their transactions to be validated.
Apr. 25, 2018
The attackers don’t seem to have compromised MyEtherWallet itself. Instead, they attacked the infrastructure of the internet, intercepting DNS requests formyetherwallet.comto make the Russian server seem like the rightful owner of the address. Most of the affected users were employing Google’s 8.8.8.8 DNS service.
However, because Google’s service isrecursive, the bad listing was likely obtained through Amazon’s “Route 66” system.
Source: altcoinreport.co
Apr. 19, 2018
Ethereum contracts are immutable but there is a way to design contracts which can be upgraded, so you can fix bugs quickly and add features. We’ll see how to create upgradable contracts.
Source: zohaib.me
Apr. 13, 2018
This project is an initiative of NCC Group. It is an open and collaborative project to join efforts in discovering smart contract vulnerabilities within the security community.
Source: dasp.co
Apr. 11, 2018
The inside story behind how we made $107K investing in CryptoKitties and briefly set the record for the highest sale ever. Later, we made ~$8K running an automated arbitrage bot.
Source: hackernoon.com
Apr. 11, 2018
Development for CryptoPets started just four days after CryptoKitties’ launch on November 28, and is basically a cross between Pokémon and CrytoKitties. Owners’ pets can battle each other, and those who put in time and effort to “train” their pets will increase their value in the “adoption center,” Mitchell Opatowsky, project manager at CryptoPets, explained to Motherboard in an email.
Source: vice.com
Apr. 7, 2018
This is the third post in a series on implementing the Ethereum Virtual Machine in Clojure.
Source: nervous.io
Apr. 4, 2018
At the 2018 Deconomy conference in Seoul, South Korea, Buterin and Wright were both booked as speakers, and the sparks flew. During question period for a panel that included Wright, Buterin (according to audience video from multiple angles posted to social media) stood up in the audience and asked, “Given he makes so many non-sequiturs and mistakes, why is this fraud allowed to speak at this conference?” The audience, video shows, went wild.