BitMEX Research flags bug in Ethereum Parity full node

Cryptocurrency trading platform BitMEX has uncovered a serious bug in the Ethereum Parity full node, with significant consequences for data integrity.

Cryptocurrency trading platform BitMEX has uncovered a serious bug in the Ethereum Parity full node, with significant consequences for data integrity. The bug was revealed alongside an announcement that the platform had launched a new site dedicated to monitoring nodes on the Ethereum blockchain.

The site, known as NodeStats, connects to five Ethereum nodes every five seconds to provide up to the second metrics covering the computational resources being used by each node. Notably, the press release announcing the new site identified a bug in the Ethereum Parity full node, with an apparent 12-day delay to fully sync with the main chain.

It stated, “While analysing some of the metrics, we may have identified issues with respect to the integrity of the data reported by the nodes, which may be of concern to some Ethereum users. Nodestats.org was produced in collaboration with TokenAnalyst, who are BitMEX Research’s Ethereum network data and analysis partner.”

According to the researchers behind the project, this suggests the system could be suffering from initial sync issues, identified as a possibly significant problem for the ethereum blockchain. For the time being however, the sync remains faster than the rate of blockchain growth.

“While the slow initial sync is a potential problem, at least for this system setup, the Ethereum network has not yet reached a point where the node cannot catch up, as the sync is faster than the rate of blockchain growth,” according to the report. However, the researchers note that this could present significant problems for the blockchain if growth was to outstrip sync speeds.

There is also the suggestion of data integrity issues, with the Parity full node reporting full synchronisation, despite discrepancies of often hundreds of thousands of blocks.

Suggesting the bug “could be severe,” BitMEX called for urgent action to resolve the issue, stating, “One could argue the impact of this potential bug could be severe in some limited circumstances if exploited by a bad actor in the right way. For instance, a user could accept an incoming payment or a smart contract execution as verified, while their node claims to be at the network chain tip.”

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

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Coinbase Wallet Adds XRP Support After Listing the Ripple Coin on Coinbase Pro

Users can now store their XRP coins using the Coinbase Wallet app. The information was released by Coinbase in a blog post on March 14.
Coinbase Wallet Adds XRP Support After Listing the Ripple Coin on Coinbase ProCoinbase Wallet Adds XRP Support After Listing the Ripple Coin on Coinbase Pro

Users can now store their XRP coins using the Coinbase Wallet app. The information was released by Coinbase in a blog post on March 14. A few weeks ago, Coinbase added support to XRP on its trading platform Coinbase Pro.

Coinbase Wallet Adds XRP Support

According to the press release written by Coinbase, their goal is to create the world’s leading user-custodied cryptocurrency wallet. At the moment, the wallet supports Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ethereum Classic (ETC) and many different ERC20 and ERC721 coins. Now, users will also have the possibility to handle XRP from Coinbase Wallet.

The new wallet update will include Ripple’s coin XRP and it will be ready for iOS and Android users during the next week. In order to activate this functionality, users have to tap on “Receive” on their main wallet tab and select XRP. Users must have 20 XRP at all times as minimum balance to make transactions.

Developers and other interested users will also have the possibility to work with the XRP Testnet. Users can directly switch to the testnet using the Advanced Settings section. Furthermore, Coinbase Wallet uses Secure Enclave technology in order to provide security to users using the wallet.

In the future, the company could add support to other digital currencies, as they’ve informed in their press release.

XRP is the third largest digital asset in the market. It has a valuation of $13 billion and each XRP can be purchased for $0.31, according to CoinMarketCap.

5 Cryptocurrency Projects to Watch If Altcoin Season Returns

That’s per recent reporting that revealed the powerhouse U.S. exchange had hired Luke Youngblood, the former architect of Tezos’s staking model.

Searches for “Altcoins,” the cryptoeconony’s vernacular phrase for cryptocurrencies that aren’t bitcoin (BTC), are gaining some fresh traction as of late, per Google Trends.

That dynamic has led some pundits in space as hailing, likely prematurely, the arrival of altcoin season as was seen in 2017, when many small-cap, mid-cap, and big-cap coins experienced an acute boon in their valuations.

Alt Season

The verdict’s still out on whether that cycle is repeating yet. Bearish trends may continue on for years. But if an altcoin season is nigh, there are a few projects worth watching as solid contenders to make further inroads into the top echelon of cryptocurrencies by market cap.

Altcoins

“Altcoins”

1. ChainLink (LINK)

We have high hopes for Chainlink; Decentralized oracles are probably one of the most underrated storylines in the crypto space to date, and that makes ChainLink one of the cryptoeconomy’s most underrated projects.

Chainlink Price Analysis

For smart contracts to truly become revolutionary, they’ll need to interact with data that’s external to any given chain. That’s where a middleware play like ChainLink comes in, as the project allows you to build your own decentralized oracles for connecting blockchains to the real world.

If the space catches on and the ChainLink team continues to make technical progress on their roadmap, this token is destined for a much higher position in the cryptoeconomy.

2. Stellar Lumens (XLM)

The Stellar payments network has seen some impressive adoption advancements over the last year, which has set the blockchain project’s native cryptocurrency, lumens (XLM), up for further success going forward.

Stellar Consensus Protocol

This month, German crypto lender Bitbond released its security token offering (STO), the BB1, on the Stellar network. The embrace may cause other companies to follow suit, in turn boosting the prominence of lumens. Coinbase’s fresh listing of XLM this week will raise the coin’s profile as well.

And if Stellar keeps collaborating with powerhouses like IBM on projects like the Blockchain World Wire settlement system, XLM has further room to rise still.

3. Cardano (ADA)

The Cardano project seems to be a sleeping giant in the cryptoeconomy.

The smart contract play’s team entered 2019 on strong footing in having just published a paper demonstrating how proof-of-stake (PoS) sidechains are coming to Cardano. And the project’s Shelley upgrade, which will formally introduce staking, has been activated on the Cardano testnet.

Cardano ADA Price

Its leadership is good, its builders are talented, and its vision is materializing. The network’s coin, ADA, could consolidate as a top 10 crypto for the foreseeable future accordingly.

4. Maker (MKR)

The Maker project relies on a dual-token system, where MKR is the governance and fee token used in association with the Dai (DAI) stablecoin.

The Maker team’s Collateralized Debt Position (CDP) Portal, which facilitates decentralized loans of Dai, has proven to be extremely popular within the Ethereum community over the last year.

Maker Dai

And MKR just saw a notable win, having been used to vote on a Dai Stability Fee increase that helped correct the stablecoin’s dollar peg. The rise of the Dai and the demand for MKR to participate in the stablecoin’s ecosystem could propel the governance token higher in the coming months.

5. Tezos (XTZ)

Tezos and its staking possibilities are apparently a large part of Coinbase’s future.

That’s per recent reporting that revealed the powerhouse U.S. exchange had hired Luke Youngblood, the former architect of Tezos’s staking model. The implication? The new in-house XTZ maestro would help the company build governance and staking services on its Coinbase Custody platform.

Tezos

As such, it’s fair to assume XTZ may be the crown jewel in Coinbase’s inaugural staking services.

Real-estate portfolio Elevated Returns also announced earlier this year that they were looking to launch $1 bilion USD worth of STOs via the Tezos network. The project’s got prospects, to say the least.



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Crypto.Com Chain Prices Skyrockets after It is Listed on Indonesian Crypto Exchange, Indodax

The development comes just days after the cryptocurrency was listed on Bittrex International, an international exchange by a premier U.S.-based …

Crypto.com, one of the leading payments and cryptocurrency platform, made tremendous headway after the Crypto.com Chain Token (CRO) was listed on Indodax, the largest crypto exchange in Indonesia. The development comes just days after the cryptocurrency was listed on Bittrex International, an international exchange by a premier U.S.-based blockchain trading platform Bittrex.

The company’s official Twitter handle @cryptocom tweeted on March 12:

Hello Indonesia!🇲🇨@cryptocom‘s $CRO(with IDR pairs)will be listed on @IndodaxOfficial, the leading exchange, while https://t.co/vCNztABJoG Pay will be implemented with the Yoshugi Media Group. Bringing crypto to 260 Million more wallets! More here-https://t.co/qPs1KzGa20#cryptopic.twitter.com/LVNVbjRmhR

— Crypto.com (@cryptocom) March 12, 2019

The deposits on the platform began immediately following the announcement on March 13, at 1700 GMT. Trading activities commenced from March 14, 1700, GMT.

“Indonesia is a vibrant market with over 260 million people. We look forward to developing closer ties with both Indodax and the Yoshugi Media Group as we seek to serve our customers in the rapidly growing ASEAN market. We see Crypto.com Pay driving the adoption of cryptocurrency as a mode of payment and CRO token as the ultimate way to settle cross-currency payments instantly and inexpensively,” said Kris Marszalek, the co-founder, and CEO of Crypto.com.

Crypto.com also signed a partnership with Yoshugi Media Group in order to implement Crypto.com Pay after they announced their intention to list their CRO Token on leading Indonesia’s Exchange. Yoshugi Media is an e-commerce company located in Indonesia that sells different products such as Household Products, Electronics, Gadgets, Beauty and Skincare and more. The alliance aims to expand Crypto.com’s services to a more significant number of clients.

Crypto.com Pay is a payment solution, powered by the Crypto.com Chain, which as per the company, is set to transform the payment experience for regular users. Through this platform, a user can pay for goods and services with digital assets. They also receive cashback rewards for their purchases. Merchants can also receive crypto payments without having to be exposed to inherent volatility. They shall also enjoy lower fees and advantage of instant settlements.

Soon after the listing, the value of the digital asset catapulted more than 145% during the first couple of days and is still increasing. Each CRO coin is currently priced at USD 0.095210, and it has a market cap of USD 376,491,653. It is at present, the 21st largest digital asset according to CoinMarketCap.

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Here is Why Bittrex Suddenly Cancelled its Excited IEO Just Hours Before Scheduled Launch

Initial Exchange Offerings (IEO) are popping up as a new trend among cryptocurrency exchanges. As such, Bittrex Exchange had also announced to …

Initial Exchange Offerings (IEO) are popping up as a new trend among cryptocurrency exchanges. As such, Bittrex Exchange had also announced to host its first IEO for a token called XRD but suddenly announced to pull it back due to ‘last minute’ problem, as confirmed by European Exchange Bittrex.

Bittrex cryptocurrency exchange announced the reversal of its upcoming IEO scheduled to host on behalf of a South Korean Startup RAID for its XRD token. The exchange suddenly canceled it on March on March 14. As per the records, the IEO was supposed to go live on March 15 – and the cancellation announcement comes before a few hours of the scheduled launch. According to an official report, the exchange abruptly canceled it due to ‘significant, last minute changes’ with XRD crypto project.

Bittrex International broke out a reversal tweet adding ‘ trust and integrity are the most valuable assets’;

Trust and integrity are the most valuable assets of Bittrex International. As a result of significant, last-minute changes with RAID, we have cancelled the IEO offering of the RAID token. We apologize for the inconvenience. We will provide a more complete statement shortly.

— Bittrex International (@BittrexIntl) March 14, 2019

Furthermore, in an upcoming tweet and announcement, Bittrex explains that the change occurred in the business status of the RAID project, elaborating that OP.GG terminated its strategic partnership with RAID which was essential for RAID project.

OP.GG terminated its strategic partnership with RAID, which was a vital part of the RAID project. When Bittrex International became aware of this significant event, we did not feel that it was in the best interest of our customers to move forward with the IEO.

Concerning the similar context, OP.GG reportedly confirmed that there will be no economic and technical cooperation with RAID Project. However, the platform servers 45 million monthly active users and with the recent announcement, all potential business discussion related to RAID project is no longer the concern of OP.GG.

To note, Bittrex’s first IEO received a significant response from the industry players including CZ from Binance cryptocurrency exchange. if everything would perfect, Bittrex would launch its first IEO today (i.e on March 15) at 10 am KST on behalf of RAID project.

Those who don’t know about IEO or Bittrex’s IEO announcement, please visit here – IEO

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Here is Why Bittrex Suddenly Cancelled its Excited IEO Just Hours Before Scheduled Launch
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Here is Why Bittrex Suddenly Cancelled its Excited IEO Just Hours Before Scheduled Launch
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Initial Exchange Offerings (IEO) are popping up as a new trend among cryptocurrency exchanges. As such, Bittrex Exchange had also announced to host its first IEO for a token called XRD but suddenly announced to pull it back due to ‘last minute’ problem, as confirmed by European Exchange Bittrex.
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Tabassum
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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