One Year Later, What’s Holding Back SegWit Adoption on Bitcoin?

It’s been over a year since the scaling upgrade known as segregated witness, or SegWit, was activated on the bitcoin network. Even so, only an estimated 36 percent of all bitcoin transactions are actually using it. Why the minimal adoption rate? It’s largely because, like any backward-compatible upgrade (otherwise called a soft fork), SegWit ensures participants in the […]

‘Critical’ Vulnerability in Beam Wallet Put Funds At Risk, Developers Say

Developers behind the privacy-focused cryptocurrency Beam have revealed that the “critical” bug discovered in their wallet software last week could have put user funds directly at risk. As stated in a Medium post published today, the vulnerability would have allowed an attacker to create “modified transactions” and subsequently send user funds directly into the attacker’s […]

Ethereum Clients Release New Software In Wake of Hard Fork Delay

Major ethereum clients, including Go-Ethereum (Geth) and Parity, have released software updates following an earlier decision to delay the planned system-wide upgrade dubbed Constantinople. The upgrade was postponed Tuesday during a developers call, a move that came after blockchain audit firm Chain Security discovered a security vulnerability in Ethereum Improvement Proposal (EIP) 1283, one of […]

Ethereum’s Constantinople Upgrade Faces Delay Due to Security Vulnerability

Ethereum’s long-anticipated Constantinople upgrade has just been delayed after a critical vulnerability was discovered in one of the planned changes. Smart contract audit firm ChainSecurity flagged Tuesday that Ethereum Improvement Proposal (EIP) 1283, if implemented, could provide attackers a loophole in the code to steal user funds. Speaking on a call, ethereum developers, as well […]

Grin Goes Live As Mimblewimble Privacy Crypto Hits First Transaction Block

Grin, a cryptocurrency that leverages the mimblewimble privacy technology, has just gone live on mainnet. Named after the tongue-tying curse in the Harry Potter book series, mimblewimble is a protocol that fuses transactions together such that they are indecipherable – even on a public digital ledger. While it has been in the works since late 2016, […]

The ‘Thirdening’ Approaches: How to Watch Ethereum’s Fork as It Happens

The world’s third largest blockchain by total value, ethereum, is about to upgrade its code. Named Constantinople, the system-wide upgrade, or hard fork, is set to enact several tech improvements, most designed to increase usability and improve smart contract design, should users of the network decide to upgrade to the new software when it’s introduced […]

Fee Spike on Ethereum Classic Raises Fears of More Exchange Attacks

A sudden surge in transaction fees on the ethereum classic blockchain has some developers speculating whether cryptocurrency exchanges could be at risk of attack, a development that follows last week’s 51% attack in which more than $200,000 was stolen from at least one exchange. Over the last 24 hours, average transaction fees on the blockchain rose to […]

Stablecoin Issuer TrustToken Adds Feature to Ease Wallet Management

Crypto startup TrustToken has launched a new address management feature for companies that use the TrueUSD stablecoin. The company announced Monday that exchanges which list the dollar-pegged token can more easily manage client deposits with AutoSweep, which allows an exchange to provide each of its clients a unique deposit address. Each of these deposit addresses […]

The Ethereum Classic Attacker Has Sent a Bigger Message

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. ___________ One of the more disturbing side effects of the crypto market’s downturn is it has […]

Exchange Says 51% Attacker Returned $100K-Worth of Ethereum Classic

Cryptocurrency exchange Gate.io said Saturday that $100,000 in ethereum classic has been returned following a recent hack. In an announcement, the exchange further said it tried to contact the 51-percent attacker, but has not received any reply so far, adding: “We still don’t know the reason. If the attacker didn’t run it for profit, he […]