Ethereum News (ETH) - Page 29

Coinbase Suspends Ethereum Classic Following 51 Percent Attack
Coinbase has ceased interactions with the Ethereum Classic (ETC) blockchain after the exchange detected a 51 percent attack on the network. Following the discovery of a ?deep chain reorganization? of the ETC blockchain, Coinbase suspended Ethereum Classic withdrawals and deposits. Also Read: Major Mining Pools Have a ?High Die-Off Rate? Study Reveals Coinbase has published a blog post titled ?Ethereum Classic ETC is Currently Being 51% Attacked? detailing a malicious attack on the ETC network. The post states that on Jan. 5, 2019, Coinbase detected ?a deep chain reorganization of the Ethereum Classic blockchain that included a double spend.? In order to safeguard customer funds, the exchange ?immediately paused interactions with the ETC blockchain.? The exchange was alerted to the attack by its automated systems, after which the company?s on-call engineers responded and worked to confirm the report.
January 08, 2019 10:15 PM

Forbes to publish stories on the Ethereum blockchain - The Block
The media company is partnering with Civil, a blockchain marketplace for journalism, to upload some of its content onto the Civil network. Forbes will initially upload cryptocurrency content, but the broad goal is to migrate all of its published content onto Civil and the Ethereum blockchain. According to Civil, its network "lowers the startup cost for media organizations committed to producing ethical journalism and allow them to plug directly into a larger network of potential supporters." Media publications using Civil can pay journalists with its native cryptocurrency, CVL. (Source: Axios)
January 08, 2019 9:59 PM

Ethereum developers set January date for Constantinople upgrade - The Block
Core developers plan to activate Constantinople, one of Ethereum's largest upgrades to date, on January 16, 2019.  The upgrade aims at increasing the efficiency of the Ethereum blockchain while decreasing the mining rewards from 3 ETH to 2 ETH per block. Constantinople was originally planned for release in November of this year. However, issues on the testnet release forced developers to delay the upgrade. (Source: CoinDesk) © 2019 The Block. All Rights Reserved.
January 08, 2019 9:56 PM

Ethereum core developers propose activation point for Constantinople hard fork - The Block
Members of the Ethereum core development team has reached an agreement to activate the Constantinople hard fork on block 7,080,000. According to estimates, this means that Constantinople will go live between January 14 and 18 of 2019. Constantinople is one of Ethereum's largest upgrades to date.  The upgrade aims at increasing the efficiency of the Ethereum blockchain while decreasing the mining rewards from 3 ETH to 2 ETH per block. The hard fork was originally planned for release in November of this year. However, issues on the testnet release forced developers to delay the upgrade. (Source: CoinDesk)
January 08, 2019 9:56 PM

Ethereum Constantinople: Everything You Need To Know
The Ethereum Constantinople fork is coming soon, and many of you have been asking what that means and if you?ll have to do anything to prepare. Most simply, a fork is an update to the network. It is very similar to how you update your computer or your applications to be more secure or have new features. Have you ever tried to open a Word document or other file and it looked all wonky because it was created in a newer version of Word? Perhaps comments were lost or displayed in a weird font? A hard fork is similar to that. If people are running the old software and the new software and try to talk to each other, things may be missing or get wonky.
January 08, 2019 9:49 PM

Ethereum Classic Suffers Possible 51% Attack, Latest in String of Smaller Coin Attacks
Posted by Joël Valenzuela | Jan 8, 2019 | News | Ethereum Classic has experienced mining abnormalities which may constitute a 51% attack. Recently, Coinbase indicated that it had detected a hashpower consolidation event in Ethereum Classic, with over 51% of the network?s mining power concentrated in a single entity. Coinbase additionally reported the presence of double-spend attacks on the network, as well as deep reorganizations of the chain. Ethereum Classic?s developers, meanwhile, have denied an attack has taken place, insisting a simple consolidation had taken place without a reorganization or double-spend. In addition to Coinbase, exchanges bitFlyer and Coincheck have halted deposits and withdrawals for Ethereum Classic until the situation can be rectified.
January 08, 2019 9:38 PM

Blockchain Video Platform Connects to Ethereum Mainnet
After a successful airdrop to over 900,000 Ethereum addresses in November, Blockchain-based video platform Viuly will connect its blockchain video sharing platform to the Ethereum Mainnet on December 18th. Revolutionary online video ecosystem Viuly has taken the next step in its disruption of the video sharing industry, by connecting its platform at to the Ethereum Mainnet on December 18th. According to Ethplorer, the VIU token is  now ranked number 1 of the top 50 tokens by transaction count on the Ethereum blockchain. The video platform is now live: advertisers can now deposit VIU and pay for ads, and users can now withdraw the VIU they earn from watching videos, direct to their Ethereum wallets.
January 08, 2019 9:34 PM

Orocrypt Offers Digitized Precious Metals on Ethereum Blockchain
Orocrypt, has announced the launch of its OCG gold backed tokens. OCG tokens are built on the Ethereum protocol, and are compatible with all Ethereum wallets. Ethereum blockchain-based company Orocrypt OCG tokens are 100% backed by gold bullion and each represents ownership of 30 grams of fine gold.  Orocrypt will charge a 1% commission fee over gold spot price on the sale of one token or more. There is also a 0.04% transfer fee when the tokens are transferred between wallets. The commissions for purchases involving less than one OCG token range between 5% ( for 0.9 to 0.5 tokens) and 10% (for purchase between 0.1 and 0.5 tokens).
January 08, 2019 9:33 PM

The Ethereum Foundation Releases 4th Wave of Grants, Total Awards are Over $3 Million
The Ethereum Foundation has announced the fourth wave of grants offered to 20 various people and entities behind the Ethereum (ETH) blockchain technology, in a press release on Monday, October 15, 2018. The overall amount of the grants is more than $3 million, and the largest grant worth $500,000 were awarded to Prysmatic Labs and Status, as per the press release. Both firms are pushing to create the Ethereum 2.0 ecosystem first disclosed by Vitalik Buterin, co-founder of ETH in November last year.  Those who received Grants were divided by the fashion in which they chipped into the creation of the network, such as security, scalability and usability. SpankChain, a platform for adult entertainment, got a grant of $420,000 for acting on "the open-source Software Developer Kit (SDK) for a non-custodial payment channel hub." 
January 08, 2019 9:31 PM

Ethereum Classic Price Analysis: ETC/USD Approaching Next Support Zones
Ethereum Classic suffered a huge drop on a reported attack that rewrote its blockchain history, but the price might still be due for a bounce off nearby support levels. Price tumbled below the mid-channel area of interest around the 5.400 mark on the ascending channel visible on the 1-hour time frame. This puts it on track to test the very bottom of the channel around 4.800 next. The 100 SMA appears to be crossing below the longer-term 200 SMA to indicate that the path of least resistance is now to the downside or that bearish pressure is picking up. This could give sellers more energy to bust through the channel bottom and set off a longer-term slide.
January 08, 2019 9:30 PM

Austria's Tourist Office Trials Ethereum (ETH) Crypto, Aims to Reduce Fees
The Austrian National Tourist Office (ANTO) will be one of the first regions in the globe to hold a digital ad campaign that is powered by Blockchain. ANTO is taking part in a pilot with Adbank, an Ethereum (ETH)-based ad platform which is powered by its "ADB token" which targets to lower ad fraud that the firm claims will cost advertisers $51 million daily this year.  The platform further aims to lower fees from ad tech middlemen, some of which are increasing the cost of ads by up to 70% or more.  The DLT-powered ad campaign has another prudent player in the field with Red Bull Media House offering inventory on the side of the publisher through Bergwelten, their alpine lifestyle publication. 
January 08, 2019 9:26 PM

Ethereum Constantinople Hard Fork Date & Info, Five EIPs & Their Aims
The Ethereum (ETH) Constantinople Hard Fork is a popular subject these days. While Crypto maniacs might have an idea about what is going to occur, normal users are still looking for details. Constantinople has been engrossed last month on August 31st and includes 5 Ethereum Improvement Proposals (EIPs). These proposals are focusing on permanently changing the Blockchain technology with a  variety of new retrograde-incompatible upgrades. EIP 145: This is a technical upgrade developed by ETH developers Pawel Bylica and Alex Beregszaszi, which focuses on endowing a more effective information processing method called bitwise shifting.
January 08, 2019 9:25 PM

Exchange Says $200K in Ethereum Classic Lost As Blockchain Attacks Continue
Cryptocurrency exchange said Tuesday that it will absorb the loss of roughly $200,000 worth of ethereum classic ? about 40,000 ETC ? in light of a series of blockchain history rewrites that continue to occur. In a blog post, the exchange said it had confirmed the 51 percent attack ? whereby an entity controls sufficient computing power to alter the network?s transaction history and double-spend coins ? and identified three addresses that it said are tied to the attacker in question. ? censor successfully blocked attacker?s transactions at the beginning and submitted them to the manual exam. Unfortunately, during the 51% attack, all the transactions looked valid and confirmed well on the blockchain. The examiner passed the transactions. It caused about 40k ETC loss due to this attack. will take all the loss for the users,? the exchange said in its statement. The press-time price of ETC is $4.97 per token, according to CoinMarketCap.
January 08, 2019 9:08 PM

Ethereum Constantinople is Enabled with Geth 1.8.20 Released Trybe
A Cryptocurrency and Blockchain Knowledge Sharing Network A milestone has been reached for Ethereum at the latest core development call, with agreement reached to enable the Constantinople update. Developers have decided that any further delays will only create more problems. Geth 1.8.20 has been released on GitHub which sets the hard coded fork block number of 7080000. This means Constantinople will activate somewhere between 14 and 18 January 2019 when that block number is reached. Geth stands for Go Ethereum , which is the the command line interface for running a full ethereum node. These upgrades will change block reward issuance, code execution and data storage. Geth 1.8.20 lays the ground work for the long awaited proof of stake and scalability solutions to be enabled in future releases. 
January 08, 2019 9:08 PM

New ERC-1450 Standard for Digital Stock Certificates on Ethereum Announced - The Tokenist close close
Equity crowdfunding platform StartEngine has just announced a new token standard on Ethereum for creating digital stock certificates. SEC-registered entities will be able to enact the new standard, thus opening up a much-needed option for compliant tokenized securities. After roaring success at the first StartEngine Summit, the crowdfunding platform is now rolling out a new release for the burgeoning tokenized security space: the ERC1450 standard. The CEO of StartEngine, Howard Marks, broke the news earlier today. Moving existing assets onto blockchain-based systems remains one of the most pressing questions in the space today. Real estate and other financial securities alone account for trillions of dollars worth of value. However, all securities are heavily regulated by the SEC, thus making it so that each transaction of securities requires a registered broker-dealer as an intermediary. So this begs the question: how can blockchain best reconcile regulation with transparent decentralization?
January 08, 2019 9:01 PM

Dodgers Gives Out Thousands of Tokenized Baseball Cards and Ethereum Wallets
A major league sports team with millions of fans, which has won six World Series titles and 22 National League pennants, has given out on Friday 40,000 ethereum wallets which contain tokenized baseball cards. They say: ?Traditional collectibles are limited, coveted, and valuable. Crypto Bobbleheads may not be physical, but they exhibit these same qualities because of the blockchain. The blockchain guarantees true digital ownership: each Crypto Bobblehead is provably unique and part of a set of just 40,000 in existence and will never be minted again.? The crypto baseball website informs fans to keep the private key secure and secret, like a pin. Not all, however, heeded this advice. An etherean who attended the event says:
January 08, 2019 8:59 PM

Europe's Biggest ETF Trader Starts Market Making on Ethereum and Bitcoin ETNs
The biggest exchange-traded funds (ETF) trader in Europe, handling some $700 billion in ETF trading last year, is buying and selling ethereum and bitcoin ETN listed in Sweden?s Nasdaq by XBT Provider. Flow Traders NV, the Amsterdam based high frequency trader (HFT), has become the world?s first to publicly reveal they are trading crypto ETNs, which are pretty much identical to ETFs. Launched by XBT Provider in 2015 for bitcoin and in 2017 for ethereum, COINXBT:SS and COINETH:SS remain the only products of their kind in being effectively a stock anyone can buy, even from pension funds, that tracks the price of bitcoin and ethereum.
January 08, 2019 8:58 PM

Swiss Bank to ICO on Ethereum
A regulated Swiss bank, Dukascopy, announced this Thursday they are to utilize ethereum?s public blockchain for an Initial Coin Offering (ICO) pending regulatory approval by the Swiss Financial Market Supervisory Authority. The Swiss online bank says they will issue 20 billion Dukascoins with the aim of expanding their mobile banking operations. They say anyone who signs up for a Mobile Current Account and/or their banking app Connect 911 messenger, will receive 5 Dukascoins for free. Anyone who refers them receives 5, while the bank itself keeps 10 Dukascoins. Bank customers will then be able to freely transfer these tokens, just as they do with any other tokens. The bank itself will also provide an exchange of sorts for people who want to buy or sell the Dukascoins.
January 08, 2019 8:57 PM

Bank of America, Visa, Looking for Ethereum Developers to Build New Payment Systems
Bank of America is seemingly further integrating blockchain technology into their system, with the global giant looking to develop ?a brand new Card Account and ?Real-Time? Settlement system on the new Payments as a Service (PaaS) Platform.? They?re looking for a Java developer with ?hands on experience developing Blockchain / Distributed Ledger Technology? and familiarity with ?Ethereum ? Frontier/Solidity and IBM Hyperledger/Fabric.? Exact project details remain unclear, but it may be the case Bank of America is perhaps looking to tokenize dollars, turning them into digital currency you can move around without any trusted intermediary.
January 08, 2019 8:57 PM

Aggregated knowledge base entries about Ethereum (ETH) Titles not entered by Crypto.BI and are Copyright(C) their original authors.