Cryptocurrency News With URL like coinspice.io

CoinSpice Research: Bitcoin Cash Upgrade Attack and the 110K BCH Bitfinex Position
TL;DR: Ahead of the Bitcoin Cash (BCH) protocol upgrade and corresponding attack on the network, both of which took place 15 May 2019, traders on cryptocurrency exchange Bitfinex borrowed more than 110,000 BCH. If the price of that BCH position fell, traders potentially could have profited handsomely. Although unusually timed, it is impossible to say whether this borrowing activity was linked to the attack. And, while it looks unlikely the money was ever used to short sell BCH, the traders would have been left with a hefty bill all the same. Earlier this week, we saw a malicious actor carry out an attack on the Bitcoin Cash network, coinciding with a previously planned network upgrade. The attack, lasting just a few hours, resulted in transactions not confirming and the network producing 10 consecutive empty blocks before a patch was released to resolve the bug. During the attack, a few clever developers managed to steal 1.2 BCH from the attacker, however rumours of possibly larger financial stakes came on the back of higher-than-usual BCH lending activity on Bitfinex.

Counterpunch: Developer Swipes BCH Attackers Funds Right Under Their Noses
TL;DR: No one in the crypto ecosystem will ever say 15 May 2019 was boring. Mere minutes into the scheduled Bitcoin Cash (BCH) network upgrade, an unrelated bug was found, timed to be exploited for maximum negative media coverage. After developers heroically patched a fix, Calin Culianu noticed the attacker(s) left themselves wide open. He went from being frustrated to telling CoinSpice, Damn, it felt good to hit the attackers back, having pruned their addresses of funds used to act maliciously toward the BCH community. Here's how he did it. Early in the day I saw the attack, Culianu explained to CoinSpice. I panicked and was sad. I thought it was the end of the world. Then ABC developers fixed the bug, and things started to seem happier. I realized we can hit them back. So a bunch of guys and me got as much information as we could. Basically, once you see how [the attackers] spend their funds, you realize they are idiots and didn't use crypto keys to secure these funds. We went to the block explorers and queried to figure out their addresses, and from there we cracked them.

First to Market: All Bitcoin Cash in SideShift AI Now Processed Through CashShuffle
TL;DR: Recently, automated coin swap service SideShift AI revealed a successful mix of bitcoin cash (BCH) through transaction anonymizing tool CashShuffle, using JavaScript. And while the test was compelling and interesting, it is now live and standard on the SideShift AI platform, making it the first-to-market service of its kind, furthering the quest of some enthusiasts toward more cash-like properties for peer-to-peer digital money.   More Spice: SideShift AI Founder Creates First CashShuffle Mix on Public Server with JavaScript On the morning of 11 May 2019, SideShift AI confirmed all BCH received on their platform is shuffled, and no BCH sent goes unshuffled. SideShift AI will use a simplified wallet setup to enable CashShuffle early, a representative disclosed. Deposits go to wallet A. Withdrawals sent from wallet B. All outputs from A are shuffled over to B. As a side effect, withdrawal change will end up in B, noting the service will transition soon to a hierarchical deterministic wallet (shuffling from the same address to the same address isn't really an improvement in privacy, they noted).

SideShift AI Founder Creates First CashShuffle Mix on Public Server with JavaScript
TL;DR: It's less about Andreas Brekken's particular experiment, developer alwaysAn0n recently explained to CoinSpice. It's about achieving a milestone with respect to adoption and usage of CashShuffle across the ecosystem. The JavaScript client opens up so many opportunities and possibilities for building transaction privacy into major services across the ecosystem. Brekken, founder of SideShift AI, recently disclosed his findings, and the implications are exciting for enthusiasts looking to expand the CashShuffle idea. CoinSpice caught up with Brekken to ask about his motivation and what his discovery might mean.  

Bitcoin Cash is the Real Bitcoin = Blunder; BCH for Payments is a Better Argument
TL;DR: Bitcoin Cash (BCH) has had more than its fair share of trials and tribulations, and we've made plenty of our own boneheaded blunders too.  With the benefit of hindsight, one of our biggest mistakes may have been trying to convince the world that Bitcoin Cash is Bitcoin or BCH is the real Bitcoin. More Spice: Bitcoin White Paper Visualized  I've been as much a part of this folly as anyone.  In fact, I wrote an article entitled 12 Reasons Bitcoin Cash is the Real Bitcoin.  The problem isn't that those reasons are invalid, but rather that this is the wrong way to persuade people to use and support Bitcoin Cash.

BCH Lead Developer Amaury Séchet Leaves Bitcoin Unlimited in Protest, Solidarity
TL;DR: I'm doing what I should have done a long time ago: resigning my BU membership, prominent Bitcoin Cash (BCH) developer Amaury Séchet announced in a blog post. He is the second member to resign from the Bitcoin Unlimited (BU) development team recently, following Antony Zegers last week. Both believe BU is too indifferent as a group to a controversial lawsuit against developers, and find the remaining influence of anti-BCH devs within BU toxic.   More Spice: Bitcoin ABC Lead Developer Amaury Séchet: Post Fork, Lawsuit, BCH's Future Developer Antony Mengerian Zegers recently decided to resign from Bitcoin Unlimited, Séchet explained. He was one of the first to join, and certainly one of the most important members BU has had. This departure led me to reconsider my involvement in BU, as a member.

"I have had some conversations with Core developers, and they want to change the 21M limit after BTC experiences two reward halvings, which means in five to ten years
TL;DR: : OK Blockchain Business School based in Beijing, China interviewed bitcoin mining pool BTC.TOP founder, Jiang Zhuoer, during a livestream recently. It received hundreds of thousands of views, but it wasn't until journalist Cindy Wang translated the discussion that the English-speaking world could get a chance to read his thoughts on multiple topics: Grin, Bitmain, Bitcoin Cash, EOS, Litecoin, BSV, Craig Wright, investing, and his general feelings on cryptocurrencys future.    More Spice: Bitcoin SV Team Pushes Zeux App ICO Hard, Followers Rebel OKBS: How did you get started in Bitcoin Jiang Zhuoer: I was working on a gaming product that faced cross-border payment problems in 2013. News about the Bitcoin frenzy, its rollercoaster ride in particular, attracted my attention. And I began to learn about Bitcoin and figured it might be a good cross-border payment solution. That's how I entered the space. Later, I started mining with several mining machines at home, and then founded BTC.TOP. I think Bitcoin is a brand new invention that will bring more economic freedom and really change the world for the better.

Bitcoin Cash Gets Schnorr Before BTC Core: Battle Victory in Ongoing Upgrade War
TL;DR: Bitcoin Cash (BCH) to get Schnorr B4 Core in upgrade war. BCH Schnorr inb4 Core. However headlines are sliced, the May 15th, 2019 software upgrade from BCH developers has locked-in coveted Schnorr signatures way ahead of much better funded and marketed Bitcoin Core (BTC) dev teams. The broader cryptocurrency community is starting to take notice.     More Spice: Bitcoin White Paper Webcomic by Comics Legend Scott McCloud Bitcoin Cash enthusiasts cannot stop rhyming. Getcha jaw off the floor, we gonna have Schnorr. Time to leave Core, BCH has Schnorr.  BCH, we at war, bring the Schnorr. As Trust Nodes put it more elegantly, While Blockstreams researcher Andrew Poelstra will speak of Schnorr Signatures this May at the nicely named Magical Crypto Conference, part of Consensus Blockchain week, Bitcoin Cash (BCH) will be celebrating an upgrade that includes Schnorr Signatures.

Bitcoin Cash Bchd Team Releases Neutrino Wallet on Google Play in Beta for Android
TL;DR: The Bitcoin Cash Bchd team released Neutrino, a cryptocurrency wallet on Google Play now available in beta for a test spin. It claims to be a privacy-oriented piece of software, lending tools needed to avoid third-party providers getting ahold of users information. More Spice: Bitcoin White Paper Webcomic by Comics Legend Scott McCloud Neutrino is the most technologically advanced cryptocurrency wallet to date, the blurb on Google Play announced. Whereas all other wallets leak information about your transactions to third parties, Neutrino uses a new technique called client-side filtering to obfuscate your transaction downloads to better preserve your privacy.

No, Bitcoin Cash (BCH) Wasn't Banned in Thailand: More Reason to Distrust r/Bitcoin
TL;DR: A heavily censored popular subreddit blasted the headline, Thailand's SEC Approves Bitcoin, Bans Bitcoin Cash, dutifully posting to Twitter, sending news all over the cryptosphere. In truth, the country's securities and exchange commission (SEC) updated its list of cryptocurrencies eligible for initial coin offering (ICO) investment and base trading pairs, a pretty important distinction and yet another reason to distrust r/bitcoin.   More Spice: Bitcoin White Paper Webcomic by Comics Legend Scott McCloud Thursday, 28 February 2019, the SEC of Thailand issued a news release, SEC updates list of cryptocurrencies eligible for investment in ICOs and base trading pairs. In it, the regulator indeed updated the list of cryptocurrencies eligible for initial coin offering (ICO) investment or value comparison as base trading pair against other digital assets traded on digital asset exchanges.

Social Media Blocked in Venezuela Amid New Protests; Censorship Law in the Works - CoinSpice
CoinSpice can confirm a new report there is indeed internet disruption and social media censorship in several parts of Venezuela, following a series of protests and military incidents in Caracas, the capital of the country.  More Spice: Bitcoin White Paper Webcomic by Comics Legend Scott McCloud The Venezuelan Government is reportedly blocking and censoring internet traffic to some sites, mostly to social networks like Twitter and Instagram, following a military dispute in the capital of the city. According to the source, bans were detected from the state internet provider CANTV, the biggest ISP of the country (and the one most people have access to due to low prices). Users have resorted to using VPNs in several parts of the country to access sites.

VIDEO: Badger Wallet - The Future of Money With Bitcoin Cash
Badger the next generation wallet which lets you experience Bitcoin Cash the way it was meant to be experienced. By combining BCH and token transactions, as well as acting as an identity vault, Badger is your gateway to a world of applications powered by Bitcoin Cash. More Spice: China Blockchain Censorship, Bitmain CEO Shuffle, Crypto a Priority for SEC Having already received an endorsement from Roger Ver, where he said it's the best and easiest token wallet for Bitcoin Cash on desktop, the Badger Wallet team have a lot to be proud of. Bitcoin.com and Badger Wallet developer, Gabriel Cardona, recently gave an interview to CoinSpice where he discussed the importance of tokens on Bitcoin Cash and the bright road ahead. But since then the team's hard work has come to bear fruit; today anybody can install the Badger Wallet extension to use tokens and Bitcoin Cash.

Venezuela President Raises State-Backed Crypto Price by 300% as Fiat Devalues
A new chapter of the Venezuela cryptocurrency saga has been unleashed. President Maduro once again changed its state-backed crypto price, and this time the Petro was arbitrarily increased 300% to 36,000 VES. Meanwhile, the country's fiat currency devalued more than 200% recently. More Spice: Bitcoin White Paper Webcomic by Comics Legend Scott McCloud The price of the Venezuelan Petro has been changed yet again by President Nicolas Maduro. In a public speech announcing several economic measures, after CoinSpice already hinted earlier this month about the Petro having two prices, Maduro confirmed an arbitrary and rather large increase in the state-backed crypto's price.

Indian Banks Ban Bitcoin, Bloomberg Rakes-In $10 Billion, HODL Creator Disavows
Welcome to In Case You Missed It (ICYMI), a quick message from banks coercing you into not buying bitcoin, brought by your favorite bank clerk, Linzerd. Indian banks forcing customers to not buy crypto. Bitcoin is not digital gold yet. Tron has no way of running BitTorrent. HODL meme distorted according to his creator, and Bloomberg raked in $10 billion in revenue last year. More Spice: Bitcoin White Paper Webcomic by Comics Legend Scott McCloud Indian Banks now forcefully taking permission from us to 'reserve right to close our account without further intimation' if we deal in #cryptocurrency transactions

Fungibility App CashShuffle Enters Security Audit Phase, Seeks Community Support
CashShuffle's Josh Ellithorpe announced the highly anticipated fungibility application is entering its home stretch. He's enlisted a security audit through Kudelski Security to check the project over before offering a formal release. Greater privacy in transacting is considered among the killer apps for peer-to-peer cash, and Ellithorpe and CashShuffle are that much closer to making it a reality.   More Spice: Bitcoin White Paper Webcomic by Comics Legend Scott McCloud Getting ready for the CashShuffle security audit from Kudelski Security, developer Josh Ellithorpe posted to BitBacker. Can't wait to finally release a mature privacy solution for BCH!

China Blockchain Censorship, Bitmain CEO Shuffle, Crypto a Priority for SEC
Welcome to In Case You Missed It (ICYMI), a quick censorship set of rules brought by your favorite China-based crypto watchdog employee, Linzerd. China will start regulating blockchain services providers. Hackers run fake Coinbase scam giveaway. Jihan Wu stepping down as CEO of Bitmain. New York opens Blockchain Center. Digital assets a priority for the SEC this year, and cryptocurrency news coverage was aplenty this 2018. More Spice: Bitcoin White Paper Webcomic by Comics Legend Scott McCloud China's internet censorship organization dubbed the CAC (Cyberspace Administration of China) has published a set of rules to regulate the content delivered to the public by blockchain service providers. The Regulation for Managing Blockchain Information Services introduces several rules and their punitive penalties, ranging from $700 to $4,000, depending on the offense. Now blockchain providers must register within the agency during the first 10 days of their operation.

Among the Crypto Ruin and Devastation, You Need An Edge
The cryptocurrency market is in tailspin: major projects are folding, prices are tanking, folks are losing their jobs by the boatload. It's a unique time for many in the space, and everyone is looking less for bomb-throwers and more for sane, solid analysis. Paul Puey, CEO of Edge Wallet, is the exact right guy to give you the straight view among crypto ruin and devastation. He's guest for a fantastic episode of Milk, CoinSpice.io s flagship podcast.  More Spice: Bitcoin White Paper Webcomic by Comics Legend Scott McCloud Edge Wallet is one of those projects everyone in the space admires. Hardly a bad word is said about it in an ecosystem known for its haters. Part of that is due to its CEO, Paul Puey.

Xthinner Block Propagation Protocol: 99
Veteran developer Jonathan Toomim recently released an update on his highly anticipated Xthinner/Blocktorrent project(s). It's a new block propagation protocol, taking advantage of the lexical transaction ordering rule (LTOR) to reportedly yield 99.6% compression for blocks (assuming transactions were transmitted), which is about 13 bits per transaction. My expectation, Toomim explained, is that when it is finished, it will perform about 4x to 6x better than Compact Blocks and Xthin for block propagation. Relative to Graphene, I expect Xthinner to perform similarly under ideal circumstances (better than Graphene v1, slightly worse than Graphene v2), but much better under strenuous conditions (i.e. mempool desynchrony).

Gwyneth Paltrow Introduces 2
Academy Award winning actress Gwyneth Paltrow introduced readers of her popular lifestyle website, Goop, to Bitcoin. It's a question and answer piece with the founder and CEO of Abra, an investing application. More Spice: Bitcoin White Paper Webcomic by Comics Legend Scott McCloud The Basics of Bitcoin and Cryptocurrencyand How to Invest, was posted recently by lifestyle website Goop. If you're like us, the piece begins, chances are you hear the word Bitcoin and your eyes glaze over a little. But as with much of the finance world'which deliberately uses obfuscating language'you just have to chip away at a few of the core ideas and suddenly you find you're not as out of the game as you thought.

Proof of Work Coins' Evolutionary Feature is the 51% Attack
Ethereum Classic ($ETC) was the largest cryptocurrency that has ever been 51% attacked, and it has really interesting implications for the future of Proof of Work (PoW) currencies. I had a SUPER interesting discussion on the subject with a group of top miners. Literally each one of them can easily do it. We talked about cost, timing, feasibility and ethics of such a move. It is pretty clear, however, 51% attack is the evolutionary feature of PoW coins. More Spice: Bitcoin White Paper Webcomic by Comics Legend Scott McCloud $ETC is using the same algo as $ETH with 4-6% of the hashrate. As long as you have access to rent 2-3% of $ETH's, which is quite accessible, you will be able to attack it.

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