It had been reported that Ethereum has to make the transition to a proof-of-stake system and was to invest $15 million in the development of Verifiable Delay Functions (VDFs) which would aid this transition. However, Justin Drake, a member of the research team for Ethereum, has clarified that these rumors are false. While Ethereum will be switching to a PoS system, they have no intentions to spend $15 million. Continue reading Ethereum Refutes VDF Plans, Shares Intentions On How Funds Will Be Split Between Financial Partners
In the wake of a 51 percent attack on ethereum classic (ETC), the manager of an investment vehicle that holds the cryptocurrency has been fielding inquiries from investors looking to understand if the underlying assets in the fund are safe, CoinDesk has learned. Continue reading Grayscale Assures Investors: Ethereum Classic Trust Funds Not at ‘Direct Risk’
Security token offerings-STOs have been taking the crypto space by storm this year. With governments worldwide imposing sales regulations on ICOs, Blockchain enterprises and crypto-enthusiasts are looking for a viable alternative. STOs appear to be the answer. Last year it was observed that the number of STOs saw a meteoric rise as the number of ICOs tapered. Data suggests this trend can be extrapolated to this year as well. Continue reading Hack Fund, blockchain venture fund’s analysis
More than two dozen Proof-of-Stake (PoS) cryptocurrency networks are vulnerable to what has been dubbed a “fake stake” attack. The vulnerability allows a node with a very small stake to overwhelm competing nodes with false data and essentially crash them. Once competing nodes are gone, the attacking node can have a majority of stake on the crypto network, enabling it to conduct a 51% attack as the only validating node. Continue reading 25 Crypto Networks Vulnerable to ‘Fake Stake’ Attack, are Your Funds at Risk?
With well over 200 million users across the globe, few video games have as large a following as Fortnite. The freemium game is so popular that its developer, Epic Games, banked $3 billion in 2018. However, according to a report on the Independent, Epic Games isn’t the only entity getting rich off Fortnite. V-Bucks, the game’s official in-game currency, are increasingly being used as a tool for money laundering on the dark web. Continue reading Forget Bitcoin: Why Criminals are Using Fortnite to Launder Illicit Funds