Vulnerable

Two Attacks on ETC Network Leave Community Needing a Solution, Fast

Ethereum Classic, a 2016 hard fork from Ethereum’s main blockchain, has suffered multiple concerning network attacks over the last two years. Two such attacks occurred within a seven-day span, totaling millions of dollars in losses. With the dust settling from the two 51% attacks, further details are now coming forward, as provided by a number of industry experts.“There is no debate about the attacks,” ETC Labs CEO Terry Culver told Cointelegraph on Aug. 7, answering a question on whether or not the network difficulties were in fact 51% attacks. “Community

RenVM Guide: A Private and Interopable DeFi Platform

With the objective of solving concerns on privacy, interoperability, and liquidity in decentralized applications, the RenVM ecosystem was established. This is yet another successful DeFi project with cross-chain interoperability, only this time, with better privacy features. The Republic Protocol and its RenVM project were aimed to provide large volume and high-frequency traders the opportunity to execute trades without spooking the market with their calls. With the help of darknodes, they maintained an exchange with a hidden order book. Table of Contents Background Ren began in late 2017 under the Republic

Samsung Phone Support for Gemini Exchange Can Further Crypto Adoption

In a major new partnership, Samsung has announced that the Samsung Blockchain Wallet will be integrated with Gemini, a New York-based crypto exchange. This integration will allow owners of newer Samsung Galaxy phones to not only use their devices as cold storage wallets but to buy and sell crypto via the Gemini exchange as well.Samsung is the global leader in the smartphone market, with 298.1 million units shipped and a 21.8% market share in 2019, according to tech analytic firm Canalys. Adding support for Gemini will lower the barrier to

Gold Tokens Reach Milestone Market Cap; Does This Pose a Threat to Bitcoin?

Bitcoin and gold have been rising in tandem, as the dollar has been falling. It has also driven the growth of the market cap of digital gold tokens, backed by the precious metal commodity, to record highs. What exactly has caused this rapid growth in market cap, and does this pose any threat against Bitcoin? Market Cap of Commodity-Backed Gold Tokens Soars 1000% In 2020 Bitcoin and gold share several key similarities, such as supply scarcity. Bitcoin’s benefits soon begin to outweigh the precious metal, especially in terms of storage

Q&A: How Blockchain Could Transform the Art Industry

The art world has had a tough time lately. The coronavirus pandemic has forced many galleries and museums to close, with sales of premium pieces also affected.But there could be a solution that helps the industry get back on its feet and achieve much-needed digitization: blockchain. Here, we talk to Niko Kipouros, founder and CEO of 4ARTechnologies, about how this technology could transform the way we purchase and own artwork — and even ensure that the provenance and authenticity of masterpieces are never doubted.1. What are the biggest challenges facing

Dogecoin (DOGE) is now being used by crypto hackers after TikTok boom

Dogecoin’s usecases have seemingly evolved over time. The meme coin was initially created as a joke in 2014, turned into one of the hottest cryptocurrencies in 2015, became Elon Musk’s favorite in 2018, and was part of a TikTok challenge in 2020.But things have taken a darker turn for the currency; hackers are now utilizing the token to control crypto mining botnets, security firm Intezer Labs said in a report this week.Such DOGE, much hackIntezer Labs, a New York-based malware analysis and detection firm, found out hackers using the infamous

ConsenSys Health Launches Coronavirus-related Virtual Hackathon

ConsenSys Health announced on April 7 the launch of the “STOP COVID-19 Virtual Hackathon,” which will take place from April 13 to May 11, 2020.The initiative is sponsored by Gitcoin, Hyperledger, ConsenSys, One Million Developers and OpenMined. It aims to leverage blockchain and other technologies to facilitate data access for researchers and healthcare professionals seeking to curb the outbreak coronavirus and prevent future pandemics.The virtual hackathon also hopes to advance cohesion between life sciences and next-generation experts to develop solutions that strengthen public health without sacrificing user privacy. In the

Africa Using Blockchain to Drive Change, Part Two: Southern Solutions

With pundits like Twitter CEO Jack Dorsey predicting that Africa “will define” the future of Bitcoin (BTC), cryptocurrency and blockchain technology continue to attract interest from both public and private establishments across the continent. Many of these adoption cases have been moving beyond finance, developing solutions targeted at issues like unemployment, identity management, health care and supply chain, among others.Amid the growing enthusiasm for crypto and blockchain technology in Africa, industry stakeholders interviewed by Cointelegraph identify a lack of education as one of the major hurdles standing in the way of more