Connect with us

Altcoins

Facebook Is Hiring Hackers To Secure Its New Cryptocurrency

June G. Bauer

Published

on

Facebook is offering up to $10K to anyone who could find security vulnerabilities in its new cryptocurrency “Libra”. Facebook is working with HackerOne on a bug bounty program for security auditing Libra’s source code. So far, Facebook has paid two hackers $1500 for reporting low risk vulnerabilities.

A screenshot from Libra’s Bug Bounty Program

Last June, Facebook its new cryptocurrency project “Libra” which will allow its users to buy items and send money instantly with nearly zero fees. Libra’s users will be able to buy or cash out their Libra coins online or at local exchange points.

Facbook Libra project has received a lot of criticism and is viewed with skepticism in many countries. Politicians from all over the world criticize Facebook’s Libra Project. because of the lack of data protection and anonymity .Trump tweeted that the new digital currency “will have little standing or dependability.”

French Finance Minister Bruno Le Maire asked central bankers and regulators to look at Facebook. His fears revolve around “privacy, money laundering, and terrorist financing”. Markus Ferber, an EU parliamentarian of the CSU, also said that Facebook could become a “shadow bank” with its 2 billion users, which should put the regulators on the highest alert. Similarly, Joachim Wuermeling, a member of the Bundesbank’s board of directors, has spoken out: Facebook should not become a new “marketplace for money laundering or terrorist financing”. Similar to the green financial expert Schick, who had just been concerned about the lack of privacy: “Anonymous payment options” like Libra also made it easier “to remunerate service providers almost anywhere in the world without the treasury’s eye”.

Continue Reading
Comments

Altcoins

DASH Will Be Added To Coinbase Pro

June G. Bauer

Published

on

Coinbase Pro announced that it will be adding DASH coin to its platform on Monday Sept 16. This is a milestone for DASH project and its community. DASH/USD, and DASH/BTC trading pairs will be available on Coinbase Pro by 9AM Pacific Standard Time on Tuesday, September 17.

Whats is DASH Cryptocurrency?

Previously known as darkcoin, is a cryptocurrency designed specifically for payments. Dash is a peer-to-peer decentralized electronic form of payment, which is free from centralized regulations, such as bank or government authority, and allows users to transact anonymously. This currency was inspired by cryptocurrency leader Bitcoin, but with a couple of major differences.

DASH/BTC Price Chart

What is Coinbase Pro?

Coinbase pro is a USA based cryptocurrency exchange, established in 2015 and owned and operated by San Franisco based Coinbase.

Continue Reading

Altcoins

Ethereum Classic Completes Atlantis Hard Fork

June G. Bauer

Published

on

Ethereum Classic (ETC) has recently completed its planned software hard fork, dubbed as Atlantis. The hard fork requires all software users to upgrade their clients in order to stay in ETC blockchain.

10 Ethereum Improvement Proposals (EIPs) were introduced in Atlantis hardfork to improve stability and performance and add opcodes, State Tire Clearing, Contract Code Size Limits, precompiled contracts, zk-SNARKs and enhanced security.

As per the official blog announcement, the support for the Atlantis hard fork has been confirmed from the top mining pools. This makes more than 75 percent of the entire hash rate of the network. Things like ‘Ethermine, 2miners, Nanopool, F2pool, MiningPoolHub, CoMining, etc.’ are included in this 75 percent network hash rate.

The hard fork clearly shows we are committed to compatibly and working with ethereum. What we would like to do is find ways to make the two chains support one another.

Terry Culver, ETC Lab’s CEO

What is Ethereum Classic?

Ethereum Classic is the result of the hard fork of Ethereum and its currency, Ether, is traded as ETC rather than ETH. Due to the theft of 3.6 million Ether in the original Ethereum blockchain, a hard fork was required to return the stolen Ether with its original owners. However, some developers believed the blockchain should not have been altered and continued mining the original Ethereum which thereafter became known as Ethereum Classic. After a vote in July 2016 the fork occurred in October of that year. For all intents and purposes Ethereum Classic offers the same features of Ethereum. The projects diverge on a spectrum between anti-interventionist and interventionist ethoses.

Ethereum Classic ETC/BTC Price Chart

Continue Reading

Altcoins

Bytecoin Will Be Adding Decentralized Messaging To Its Wallet.

M. Ali

Published

on

By

Bytecoin’s desktop wallet Copper v3.6.0 will be released tomorrow bringing decentralized messaging functionality to Bytecoin’s wallet. The sent messages will be embedded into BCN transactions field that is called “extra”, the sent messages will be processed similarly to any regular Bytecoin transactions.

Bytecoin Roadmap- Image Credited to Bytecoin.org

What is Bytecoin (BCN)?

Bytecoin is one of the oldest cryptocurrency projects out there, was founded in 2012. Bytecoin is an open source cryptocurrency that offers anonymous untraceable transactions. BCN was the the first to implement CryptoNote Technology.

Bytecoin BCN/BTC Price in The Last Three Months

Continue Reading

Trending