After the successful execution of the Ethereum network’s first hard fork, mainstream media outlets, including the Huffington Post, criticized the supporters of Ethereum Classic, calling the project aimed to maintain the original chain of Ethereum “another Bitcoin scam.” David Seaman, the author of an article entitled “‘Ethereum Classic,’ Another Bitcoin Scam,” laid out a series of irrational arguments to supposedly prove the invalidity of Ethereum Classic, both philosophically and economically. Because some people lost too much money? The first argument presented was the justification of the formation of Ethereum Classic after the completion of the Ethereum network’s hard fork which was supported by the community….
Advertised sites are not endorsed by us. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Kenneth Kappler, CCO of Ethcore and an ex-Ethereum developer, offered an inside view on how the attack on the Decentralized Autonomous Organization (DAO) took place and gave his views on how future attacks can be prevented, according to Techworld. Kappler spoke at a London Tech Week event aimed at explaining blockchain technology. Problems with the DAO code were evident to many people before the DAO attack materialized, he said. Many realized the functionality wouldn’t work as advertised and they would have to vote to move funds to a new code. They thought they would have to rewrite the code, redeploy it elsewhere and move the funds. The Hacker…
Despite ongoing challenges faced by Ethereum, the Blockchain platform has received what could be described as a “Vote of Confidence” as Xaurum initiates migration from its Blackcoin PoS Blockchain to the Ethereum platform. Xaurum is a cryptocurrency with a growing gold reserves commonwealth as its base value. A recent announcement from the Xaurum community says that it is about to enter into the second phase of its development. This transition is referred to as the “Rebirth Initial Coinage Offer,” a transition that will enhance an increase in the supply of Xaurum in the market, and also include an upgrade of Xaurum technology, as it will relocate from its Blackcoin PoS Blockchain to the Ethereum platform. ETH or ETC chain? The co-Founder…
The war between exchanges to serve as many Bitcoin users is in full effect. Trying to out-compete one another through convenient payment and withdrawal methods is one avenue worth pursuing. SimpleFX, a prominent trading platform and Bitcoin exchange, has added credit card support to their payment methods. This should allow for instant purchases of cryptocurrency moving forward. SimpleFX Makes Buying Bitcoin More Convenient It is always positive to see exchange platforms add more payment options to their offerings. While credit and debit cards may be inherently insecure, they are also commonly used. From a business point of view, it makes perfect sense for Bitcoin companies to accept this form of payment, despite the risk of fraud and chargebacks. SimpleFX is an…
ACI Worldwide, a Florida-based payment system firm, has released a study which revealed that more than one third of Singaporeans have faced card fraud since 2014. The statistic demonstrates the seriousness of the underlying vulnerabilities discovered in the security systems of credit card operators and credit card networks. Technically, when a credit card purchase is made either online or at a physical location, the private key of the credit card is retrieved by the processing party. That means, the business or person receiving the credit card payment holds the responsibility of storing the unique key of credit cards that are utilized to settle transactions. The same concept can be observed on online platforms, which automatically charge credit card subscription…
In this morning’s bitcoin price analysis, we mixed things up a little bit, and went with a variation on our standard strategy. Specifically, we looked at a downward sloping channel range (as opposed to our horizontal usual range) and said we would look to enter towards a five-dollar target on a break above or below the channel, dependent on which way price broke. We would go for some pretty tight risk management principles, with a circa two for one reward to risk profile, and see what happens on a set and forget scalp breakout. As it turns out, this was a rewarding approach for the session. We got a nice upside break shortly after publishing our analysis, and this upside break carried right on through to our predetermined target. We did get a bit of a…
Advertised sites are not endorsed by us. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Brian Armstrong, founder and CEO of Coinbase, admitted on Twitter last week there could still be bugs in the Ethereum DAO. This comes after various tweets encouraging the hard fork as a means of updating blockchain systems. “My hope is to see hard forks as an elegant upgrade/voting mechanism, not something to be feared that results in multiple coins,” Armstrong wrote on the popular social media platform. My hope is that we start to see hard forks as an elegant upgrade/voting mechanism, not something to be feared that results in multiple coins — Brian Armstrong (@brian_armstrong) July 20, 2016 Hard forks should still be approached with caution…