Crypto News, May 29, 2018: Green Day
Watch the Crypto News video here.
Get live discussion & in-depth analysis daily at
Critical Vulnerabilities Found in EOS Code
Three days before its Mainnet launch, critical security vulnerabilities have been discovered in EOS’s blockchain platform code, including a potential for a malicious attacker to “remotely execute arbitrary code on the EOS node.” The source article claims that EOS has postponed the launch until the security issues are addressed and resolved.
Verge Under Attack… Again (Maybe?)
Source: Bitcoin Talk | The ICO Journal
No, you didn’t accidentally click on last week’s news – Bitcoin Talk user ocminer has claimed that Verge is yet again the target of a 51% attack. Note: at the time of this writing, we cannot find conclusive evidence to either support or refute this claim. In any event, rumors of Round 3 have finally started to see Verge partners cast public skepticism on the brand’s viability; in fact, the general tone of the news coverage has noticeably shifted from concern to exasperation.
Cost of Launching a 51% Attack
Here’s a scary little data set: the market cap of various cryptocurrencies, along with the cost per hour to launch a 51% attack on the network. (Editor’s note: These are data observations, not suggestions. Don’t steal.)
Partnership: DECENT.bet & VeChain
Source: Medium
DECENT.bet, a sports betting and online casino blockchain platform, has partnered with VeChain and will become the first mainnet launch on the VeChainThor platform. DECENT.bet plans to shift their current smart contract development from Ethereum to VeChain. Full details on the partnership, as well as a roadmap to mainnet launch, can be found in the source linked above.
Partnership: MustangChain & VeChain
Source: Medium
VeChain’s second partnership announcement today comes from MustangChain, a “blockchain solution for the equine industry” that manages and validates identities, values, and transactions for horses. MustangChain also plans to launch on the VeChainThor platform, though a launch date has not yet been provided.
Currencies Direct Completes Transaction with Ripple
Source: FinExtra
In a proof-of-concept demonstration, financial institution Currencies Direct has completed a set of transactions to “pre-screened organizations.” The trial run represents a step forward in mainstream financial markets embracing cryptocurrency as a legitimate means of value transfer.
Cardano Updates
Full release notes documented on Github, linked above.
Announcement: Eltoo for BTC Lightning Network
Source: Blockstream
The latest research findings on Eltoo, a simplified update mechanism for BTC Lightning, were released today. Eltoo allows for transactions to be updated and validated off-chain without the need for intermediate updates – that is, Eltoo essentially connects the final transaction state to the creation of a contract. Implementation would require a “minor change” to Bitcoin; namely, the addition of a new SIGHASH flag called SIGHASH_INPUT, which matches transaction-bound inputs to output scripts, thereby allowing any state changes between the original input and the final output to be “skipped.” A link to the full research paper can be found in the source above.
Wikimedia France Exits Partnership with RequestNetwork
Source: Reddit
Wikimedia France has pulled out of a partnership with RequestNetwork after the announcement of the partnership was miscommunicated, RequestNetwork said in a statement. The original announcement erroneously cited the Wikimedia Foundation as the partnering entity and utilized their branding materials. Though the error was rectified after notification, Wikimedia France apparently did not find the corrective measure to be sufficient.
Korean National Assembly Recommends Lifting of ICO Ban
Source: Business Korea
The Korean National Assembly has called for a lifting of a September 2017 ban on all ICOs. A special committee appointed to review the matter recommended that the Korean government set up committees and other infrastructure to create policies and regulations for blockchain-based startups as well as prepare investor protection measures.
New Listing: Theta Token (Binance)
Source: Binance
Trading for Theta Token (THETA) opened at 7:30am UTC this morning, May 29th 2018, on Binance.
Nebulas Blockchain Now Has More DApps Than Ethereum
Source: Medium
Thanks to its developer incentive, the number of DApps on the Nebulas blockchain has surpassed the count of Ethereum DApps, 2,000 to 1,500. The developer incentive will continue through the beginning of July. (Interested in submitting a DApp? Why not use our referral link and get us both paid?)
Like what you're reading? Check out the video version, or stop by Twitch to contribute to the daily news development. Or, check us out on Twitter and YouTube to keep up-to-date.