Ethereum DApp Bancor is Building a Bridge to the EOS Network

Bancor, a decentralized cryptocurrency exchange (DEX) protocol and one of the most popular decentralized applications (dApps) on the Ethereum network, has announced that it will bring trustless token trading to the recently-launched EOS blockchain. Israel-based block producer and Bancor partner LiquidEOS made the announcement — which has since been heavily edited — on Monday. Funded

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Dogecoin Creator: “Build it They’ll Come Attitude” in Crypto Doesn’t Work

Jackson Palmer, a product developer at Adobe and the creator of Dogecoin, has said that developers in the crypto community will now have to find a way to encourage users of centralized systems to convert to decentralized applications (dApps). Decentralized systems and applications are significantly less efficient in processing information than centralized platforms. As such, … Continued

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PR: More Stamps Global Launches – Cryptocurrency Travel Agency Opens Doors to World

More Stamps Global Launches - Cryptocurrency Travel Agency Opens Doors to World

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

More Stamps Global accepts forty different popular cryptocurrencies, allowing its customers to book flights, hotels, rental cars, and more at a variety of locations around the world. The agency’s launch marks a significant step forward in the adoption of cryptocurrencies.

“More Stamps Global was born from the zeal and hunger to offer freedom of movement and hassle-free travel to the world at large. This enthusiasm led to proper study and research of the travel and tourism industry to enable us to invent better and cheaper methods of embarking on journeys to any part of the world,” said Patrick Amoah, the Founder and CEO of More Stamps Global.

“Our search for a better travel means led us to the blockchain technology and cryptocurrencies, equipping us with a potent weapon to revolutionize the travel and tourism sector. On behalf of the More Stamps Global team, I welcome you to be a part of this revolution. Think More Stamps Global! Think freedom! Freedom of movement with More Stamps Global!”

While there are already some online travel agencies which accept cryptocurrency, many accept just a handful of the most popular, with services limited to just flights. More Stamps Global’s new model allows travelers to book full itineraries and pay for the whole trip using their cryptocurrency funds, a unique model that industry experts are hailing as an important development in the adoption of cryptocurrency as a transactional tool rather than a speculative vehicle only.

The sleek, modern website now means that crypto enthusiasts can book flights and accommodation at some of the world’s most famous destinations. Whether looking to explore the majestic nature of Australia’s Great Barrier Reef, take in the romantic sights of Paris in France, or jump into futuristic Shinjuku in Tokyo, Japan, More Stamps makes the whole trip possible using forty of the world’s most popular cryptocurrencies. Currencies accepted include DigiByte, Ethereum, Litecoin, OmiseGo, Augur, iExec, Salt, 0x, Basic Attention Token, Bitcoin Cash, Bancor, Dash, Decred, among many others.

In the 19th century, French novelist Jules Verne wrote of the adventures of Phileas Fogg in Around the World in Eighty Days – now, in the 21st century, the updated tale may well be Around the World in Forty Cryptocurrencies. The site’s ease of use and global reach, combined with its flexible cryptocurrency prices, has meant that many cryptocurrency investors are already flocking to the site to enjoy a well-deserved break using their speculative gains.

For more information about More Stamps Global, the forty cryptocurrencies it accepts, and how the business is revolutionizing the travel and tourism industry with its groundbreaking new cryptocurrency payment model, please visit https://www.morestamps.global/.

For all general and media inquiries, please contact Patrick Amoah, email him at support@morestamps.global.

About More Stamps Global
More Stamps Global is an online travel agency and crypto-enthusiast industry leader. The company helps intrepid globetrotters from around the world to fill their passports with “More Stamps.” More Stamps Global is the first worldwide online travel agency to accept 40+ individual cryptocurrencies as payment for travel services. Based in Hungary and operating internationally, the company specializes in unique vacation packages and customized itineraries, international and domestic flights, hotel accommodation, and transportation services. A pioneer in the consumer digital asset field, More Stamps Global welcomes and encourages its clients to use safe and secure cryptocurrencies for all online bookings and payments. Please visit www.morestamps.global for more information.

Website: https://www.morestamps.global/
Facebook: https://www.facebook.com/MoreStampsGlobal
Twitter: http://www.twitter.com/MoreStamps
Instagram: https://www.instagram.com/morestampsglobal/

Press Contact Email Address:
support@morestamps.global

Supporting Link
http://www.morestamps.global

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Over 60% of Top 100 Cryptocurrencies Have No Working Product, Study Claims

Over 60% of Top 100 Cryptocurrencies Have No Working Product, Study Claims

Of the top 100 cryptocurrencies listed by market capitalization, only 36 are actually what the authors term “working products” in a study recently published online. Newer ecosystem website, Invest in Blockchain, commissioned the study. It’s sure to be debated, and hotly, as to which coins made the cut to 36, but the authors attempt to assure readers certain standards were applied across the board in order to make their determination much of the cryptosphere is a giant dumpster fire.

Also read: Bitcoin Stickers Attract Unwanted Attention from Authorities

A Cold 36% Out of 100 Top Cryptocurrencies Have Working Products

In fact a cold 36% of the top 100 cryptos have what the writers define as “working products.” They agree that “it’s important to define what exactly constitutes a working product in the first place.” Simply taking into account a project being “open-source, building a basic blockchain and launching it isn’t a very high bar to set. We wanted to be a bit more rigorous with our criteria.”

“If you haven’t run into at least a handful of people who are cynical about the state of the blockchain industry and think it’s mostly scams and vaporware, well… you probably haven’t been into crypto for very long,” John Bardinelli and Daniel Frumkin wrote in the study, Cryptocurrencies In The Top 100 With Working Products That Are In-Use. “And the truth is, those cynics have a good point.”

Over 60% of Top 100 Cryptocurrencies Have No Working Product, Study Claims

 

The study was put out by the site, Invest in Blockchain, founded in 2017. They claim to have “researched the top 100 cryptocurrencies (by market cap) in an effort to learn how many of them actually had working products that are providing real value. The same research done in 2017 may have yielded some truly discouraging results but, even now, the results aren’t exactly stellar.”

For the authors of the study, a “working product” is 1. “active and available to the public,” 2. “Its mainnet has likely been released for some time, bumping the version numbers well above 1.0,” and 3. “Businesses and individuals use it on a daily basis for dapps, smart contracts, or digital currency transactions.”

Dash Doesn’t Make the List

As they researched, the authors were sure to match project promises made to what has actually been delivered, the present state of the company, its roadmap, and release history. Still, there “are many projects in the top 100 that have launched their mainnet, and can claim to have a ‘working product’ by a loose definition,” the authors note.

“However, we have chosen not to include projects which aren’t actually being used by any significant measure, which means that most of the recently launched mainnets will not yet meet our criteria.” For example, “a dapp platform that has a mainnet but that doesn’t have any noteworthy dapps on top of it isn’t considered ‘working’ by this criteria,” they conclude.

Over 60% of Top 100 Cryptocurrencies Have No Working Product, Study Claims

Projects that made the cut are: “0x Protocol, Ardor, Augur, Bancor, basic attention token, bibox token, Binance Coin, Bitcoin, Bitcoin Cash, Bitshares, bytecoin, decred, ethereum, Golem, Huobi Token, komodo, Kucoin Shares, kyber network, litecoin, Loom Network, Monero, nano, NEO, PIVX, Polymath, Pundi X, QTUM, Ripple, Siacoin, Steem, stellar, tether, Wanchain, Waves, ZCash, and zencash.”

As noted, there is bound to be controversy with lists such as these. Commenter PertReader1 notes, “LOL you include PIVX a fork of Dash, but ignore Dash? You mention that PIVX ‘launched’ in 2016, yeah as a fork of Dash. How can you practice such yellow journalism?” One of the authors, John Bardinelli responded, “We left Dash out of the picture because of Dash Evolution. DE redefines the project’s focus.” To which yet another commenter, kanuuker1, fumed, “That’s a total load of crap. Evolution is only the next major update. Our goals haven’t changed in years. Dash has a fully working project and is much further along in its development than every other project.”

Do you think there are too many coins out there? Share your thoughts in the comments section below.


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This Week in Bitcoin: New Exchanges, Bancor Breach, Binance CEO vs Vitalik

This Week in Bitcoin: New Exchanges, Bancor Breach, Binance CEO vs Vitalik

In this week’s daily editions of Bitcoin in Brief we reported about a couple of new exchanges, a major security breach at Bancor, and why the Binance CEO came out against Ethereum founder Vitalik Buterin. This week’s most commented-on article covered the Nobel laureate economist Joseph Stiglitz, who predicted that cryptocurrencies will be “regulated into oblivion.”

Also Read: Robinhood Crypto App Adds Bitcoin Cash and Litecoin Trading

New US Exchange

On Monday we reported that the American crypto trading market got a little more competitive with a new exchange opening. HBUS, a strategic partner of Huobi, has begun accepting new user registrations by U.S. residents, supporting BTC, BCH, ETH, ETC, LTC, USDT, CVC, DASH and TUSD. Additionally covered, ASIC producer Bitmain has raised up to $400 million in its latest fundraising round valuing the company at $12 billion, and Binance donated $1 million to flood victims in Japan.

Bancor Breach

This Week in Bitcoin: New Exchanges, Bancor Breach, Binance CEO vs VitalikThe big story on Tuesday was that Bancor reported it had experienced a “security breach”. A wallet used to upgrade some smart contracts has been compromised and used to withdraw 29,984 ETH, worth approximately $12.5 million. “The same wallet also stole: 229,356,645 NPXS (~$1M) [and] 3,200,000 BNT (~$10M).” Bancor added that “once the theft was identified, we were able to freeze the stolen BNT”. The countermeasures raised questions about the decentralized status of Bancor which doesn’t square with the freezing of tokens and shutting down the network. We also reported that Irish entrepreneurs are setting up a new decentralized crypto exchange in Europe.

Google Founder Is a Crypto Miner

On Wednesday we reported that Sergey Brin, president of Google parent company Alphabet, revealed that he is a crypto miner. “A year or two ago my son insisted that we needed to get a gaming PC,” Brin said. “I told him If we get a gaming PC we have to mine cryptocurrency. So we got an ethereum miner on there and we’ve been making a few pennies and dollars since.” He added: “That definitely got me interested and I started to study the technology behind it and found it to be fascinating.” Additional stories included why Elon Musk is impressed by crypto scambots on Twitter, a response from Fcoin regarding fake volume allegations, and a $100 million venture capital fund for blockchain startups in Israel.

CZ vs Vitalik

This Week in Bitcoin: New Exchanges, Bancor Breach, Binance CEO vs VitalikThe main focus on Thursday was that Binance CEO Changpeng Zhao (CZ) has decided to publicly defend his industry from a verbal attack by Vitalik Buterin. The Ethereum founder expressed a deep hatred for the particular business model at the heart of the current crypto trading ecosystem, saying: “I definitely hope centralized exchanges go burn in hell as much as possible”. In his response, CZ’s core argument was that without centralized exchanges the field will develop ten times slower and will be ten times smaller. He additionally attacked the claim that decentralization is always better. Additionally covered were developments regarding two upcoming crypto phones.

Taiwanese Stablecoin

Amid the flood of new alternatives taking on Tether, on Friday we reported that another stablecoin has been introduced, this time by a company that operates one of the major payment processors in Taiwan. Green World Fintech Services says the crypto, pegged to the New Taiwan Dollar (NTD), is called Taiwan Digital Token (TWDT). Green World claims to have patented a dollar-to-token process that is supposed to protect the TWDT from fraud and money laundering risks. The project will be realized in cooperation with some established Taiwanese banks. The crypto accounts of TWDT users will be tied to “trusted bank accounts” in order to verify personal data before transactions are permitted. We also reported about a solution for handling your crypto portfolio for when you die.

Russians Used Bitcoin to Hack US Elections

This Week in Bitcoin: New Exchanges, Bancor Breach, Binance CEO vs Vitalik
Rod Rosenstein

On Saturday we reported on one of the biggest political stories in the world. According to a federal indictment announced by Deputy Attorney General Rod Rosenstein, Russian agents used bitcoin in their campaign to influence the outcome of the 2016 US elections. Authorities in Washington claim that hackers working for the Russian foreign military intelligence paid in crypto for servers in the US and Malaysia, website domains, and virtual private networks (VPNs) used to release information stolen from the Democratic camp and to obscure their identities and cover their tracks. They also laundered more than $95,000 through bitcoin. We also reported that a leading website for betting on horse racing has begun accepting bitcoin (BTC) and bitcoin cash (BCH) deposits.

“Regulated Into Oblivion”

The most commented-on article during the week covered Joseph Stiglitz, the former chief economist of the World Bank and Nobel laureate, who predicted that cryptocurrencies will be “regulated into oblivion” in the future. “You cannot have a means of payment that is based on secrecy when you’re trying to create a transparent banking system. If you open up a hole like bitcoin then all the nefarious activity will go through that hole, and no government can allow that.” Stiglitz added: “Bitcoin could easily be worth just $100 in 10 years. People in power will move to regulate anonymous transactions. That you can be sure of.”

This Week in Bitcoin Podcast

Catch the rest of this week’s news in the This Week in Bitcoin podcast with host Matt Aaron.

What other stories in the Bitcoin world caught your attention this week? Share your thoughts in the comments section below.


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The Billion-Dollar Quest to Eliminate Smart Contract Bugs

The Billion-Dollar Quest to Eliminate Smart Contract Bugs

You can’t have software without bugs. Every major piece of code is subject to extensive debugging, which is an inevitable part of the development process. But when that code controls digital assets worth millions of dollars, ensuring it’s free of critical errors isn’t just desirable – it’s imperative. As this week’s Bancor hack and this year’s spate of smaller smart contract fails has shown, creating bug-free code is virtually impossible.

Also read: Only 12 out of 23 Korean Crypto Exchanges Pass Probe – Inspector Under Fire

Bugs Have Cost a Lot of People a Lot of Crypto

Cryptocurrencies, even those that don’t permit smart contracts, are susceptible to bugs. Even bitcoin, the benchmark by which other coins are measured, has had its share, like the overflow bug in 2010 that created 180 billion bitcoins in block 74638. It was quickly fixed though without anyone gaining or losing coins. Ethereum users haven’t always been so lucky. Incidents such as the DAO, Parity, and most recently Bancor, whose $12.5 million loss has been attributed to a permissioned backdoor in their smart contract, have pushed the amount of crypto lost to coding errors towards $1 billion.

The Billion-Dollar Quest to Eliminate Smart Contract Bugs

As a turing complete blockchain, the Ethereum Virtual Machine can be used to enact smart contracts that use extremely sophisticated logic. The trouble is, the more complex that logic, the greater the likelihood of an exploitable bug creeping in. Solidity, the main language used to code Ethereum smart contracts, is notoriously tricky to master. The smart contract-enabled blockchains that have since emerged have been intent on eliminating such mistakes. This entails moving away from Solidity, and often from turing completeness, in favor of a more restrictive system with less margin for error.

How New Blockchains Are Approaching Smart Contracts

The Billion-Dollar Quest to Eliminate Smart Contract BugsAt Blockchain Expo in Amsterdam, news.Bitcoin.com spoke with Jordan Andrews, Smart Contracts Lead at Stratis. Their platform uses C#, which has been favored because it provides access to “so many tools like decompilers, great editors, a cohesive testing and debugging deployment suite in Visual Studio. What this means is you can decompile any contract from the bytecode to real C#,” explained Jordan. He contrasts this with Solidity which is in “a delicate developmental stage, where you can’t actually decompile many contracts well. The fact that you can audit only around 1% of contracts on Ethereum is a problem, because basically, the decompilers don’t work.”

While Stratis is largely focused on enterprise adoption, other blockchains are gunning for Ethereum, but have yet to reach a state of readiness where they can lay a glove on the cryptoverse’s de facto smart contract platform. Tezos will use formal verification for its smart contracts in the form of Michelson, a simplistic programming language that prizes security over multi-functionality. As a result, it should be harder for coders to create arbitrary programs, which in turn means it should be harder for them to introduce fatal flaws.

Cryptocurrencies Are More Centralized Than You ThinkStellar provides limited smart contract abilities to cover such matters as multi-sig, batching and time bounds. Cardano’s smart contracts must be formally verified to ensure they’re free of bugs and run using a virtual machine called IELE. EOS smart contracts are deployed as pre-compiled Web Assembly using C/C++. Like Cardano and Tezos, EOS is still at an early stage in its development, with just a handful of developers building upon its protocol. Ethereum, in comparison, can count 35,000 Solidity developers, and thus remains the web’s preeminent smart contract blockchain.

Formal Verification Will Reduce Errors

Stratis’ Jordan Andrews is confident that increased adoption of formal verification will make smart contracts less vulnerable: “I think the ecosystem for both [Stratis] and Solidity is going to see so many improvements. One thing that comes up a lot now is formal verification, the idea that you can verify that a contract is going to behave. This is obviously a big thing…Stratis are gonna have the potential to do that, and I know that they’re looking into it with Ethereum as well.”

The Billion-Dollar Quest to Eliminate Smart Contract BugsAs blockchain technology permeates every industry, the role smart contracts play in executing decisions will increase dramatically. In the process, computer code will go from controlling hundreds of millions to billions of dollars of digital assets. Eliminating bugs is essential if smart contracts are to become a part of everyday business. Before that happens, costly errors caused by further flaws are inevitable. Ethereum’s smart contract bugs are already out there. It’s just a case of who finds them first: whitehat or black.

Do you think smart contract bugs will ever be completely eradicated? Let us know in the comments section below.


Images courtesy of Shutterstock, and Stratis.


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Another Hack! Bancor Exchange has $23.5 M Stolen

Bancor Hack

Bancor hack: On Monday, the cryptocurrency world saw another hack. Crypto exchange Bancor — an Israel-Switzerland company — had $23.5 million worth of three different cryptocurrencies stolen.

Its services include a wallet with a built-in exchange service and according to Bancor, no wallets were compromised but “a wallet used to upgrade some smart contracts was.”

The breakdown of the Bancor hack looks like this: $12.5 million in Ether, $1 million in Pundi X’s NPXS token, and $10 million in Bancor’s BNT, were stolen.

The exchange has managed to mitigate the damages by ...

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Bitcoin Price Struggles to Rebound at $6,350 After Big Fall, Corrective Rally Unlikely

Subsequent to a 5 percent drop in a 24-hour span, the bitcoin price has struggled to rebound from the $6,350 mark, despite optimistic momentum indicators. Bearish Trend While bitcoin has broken Relative Strength Index (RSI) trendlines and has demonstrated a neutral zone at 44.3 RSI, the overly strong downtrend of the dominant cryptocurrency led its

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The Daily: Decentralized Exchanges – New and Hacked, and Some Lost Coins

The Daily: Decentralized Exchanges – New and Hacked, and Some Lost Coins

In today’s edition of Bitcoin in Brief, we cover two decentralized exchanges – an Irish team that’s launching its Local Token Exchange and the already operating Bancor that has reported a security breach and admitted the loss of $12.5 million worth of coins. Also, hackers in China have mined cryptos worth $2 million using malware installed on 1 million computers, and in the US, digital forensics firm Chainalysis claims a fifth of all bitcoin is missing.

Also read: Bitmain Valued at $12 Billion, New US Crypto Exchange Opens for Business

New Decentralized Exchange Launches Next Month

The Daily: Decentralized Exchanges – New and Hacked, and Some Lost CoinsTwo Irish entrepreneurs are behind a project to set up a new decentralized crypto exchange in Europe. Joe Haslam and Conor O’Connor plan to launch Local Token Exchange (LTE) in August, according to the Irish Independent. The platform aims to enable trading in over 100 cryptocurrencies by the end of the year. It has already gathered a team of nine employees and six advisors.

O’Connor notes that most crypto transactions currently take place on centralized exchanges while there are very few decentralized trading platforms operating at the moment. “Our approach is peer-to-peer and it democratizes the process. Our transactions take place using smart contracts and escrow,” the cofounder explains.

His partner, who lectures in entrepreneurship at the IE Business School in Madrid, says: “When my students look at what’s happening in Venezuela, say, or the fact that the Turkish lira lost 20pc of its value against the dollar this year, I lose their interest very quickly talking about the traditional worlds of finance and accounting when crypto allows a 21-year-old to raise $25m in 15 minutes, as Reuters reported last year.”

Hacked Decentralized Exchange Freezes Coins

While the Irish team is still raising the funds to complete their project, another crypto exchange branded as decentralized proves that maintaining an operating platform of this kind comes with challenges. On Monday, Bancor reported it had experienced a “security breach”. In a tweet, the company assured its customers that “No user wallets were compromised” and informed them that the platform is currently under maintenance.

Updating users on the situation, the exchange later said the details of the breach are still being investigated but released some of the findings. According to the tweeted statement, a wallet used to upgrade some smart contracts has been compromised and used to withdraw ethereum from the BNT (Bancor’s native token) smart contract. The stolen amount, 29,984 ETH, is worth approximately $12.5 million.

The post details that “The same wallet also stole: 229,356,645 NPXS (~$1M) [and] 3,200,000 BNT (~$10M).” Bancor claims that “once the theft was identified, we were able to freeze the stolen BNT”, explaining that the ability to do so was built into the Bancor protocol to be used in an “extreme situation.” However, the exchange notes that it’s not possible to freeze the ether or any other stolen coins.

The heist and Bancor’s countermeasures prompted comments on social media questioning the decentralized status of the hacked crypto exchange which doesn’t square with the centralized freezing of tokens and shutting down the network.

Chinese Hackers Mine Over $2M in Two Years

Police in the Chinese Da Lian city have arrested 20 suspects, employees of a computer tech company, who allegedly infected over 1 million computers with mining malware. According to the local news outlet Legal Daily, they reportedly mined more than $2.2 million USD worth of digital coins over a period of two years.

The Daily: Decentralized Exchanges – New and Hacked, and Some Lost CoinsThe publication details that the hackers developed and embedded the malware in plugins promising faster browsing speeds and other “improvements”. It has been estimated that the ads have reached 5 million computers in the People’s Republic. The hackers also employed a network of more than 100 agents to spread their malicious software.

According to the Chinese investigators, more than a million users have installed the plugins so far. The hackers have mined a total of 26 million units of digibyte, decred and siacoin worth around 15 million yuan. These altcoins do not require a lot of computing power and background mining is harder to detect, the article notes.

$20 Billion Worth of Cryptocurrency Lost

The Daily: Decentralized Exchanges – New and Hacked, and Some Lost CoinsAccording to a research conducted by New York based company Chainalysis, about a fifth of all bitcoin is missing. The total amount of lost cryptocurrency, mostly bitcoin (BTC), is worth $20 billion dollars, The Wall Street Journal reported. The blockchain-analysis firm says the main reason is the loss of access to the funds as a result of users failing to securely store their wallets or remember their passwords and secret phrases.

Chainalysis does not help people find their lost bitcoin, its senior economist Kim Grauer said. The digital forensics firm noted, however, that it can point out “at least one counterparty for 80 percent of all bitcoin transactions.” It has been reported as well that the US Federal Bureau of Investigation (FBI) has successfully tracked down almost $1 billion in lost cryptocurrency revenue in the last two years.

At the end of 2017, Chainalysis published a similar report claiming that access to almost 3.8 million bitcoins might be permanently lost. Wallet Recovery Services, a company that helps users remember passwords to their crypto wallets, claims it has about a 30 percent success rate.

What are your thoughts on today’s news tidbits? Tell is in the comments section below.


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Decentralized Crypto Exchange Bancor Hacked, $12M in Ether Stolen

In a statement, Bancor, a decentralized exchange, stated that a vulnerability was exploited to steal 24,984 ETH (approx $12 million), $1 million worth of NPXS and $10 million worth of BNT. In a tweet earlier today, Bancor stated that it has identified a security breach and will investigate into the issue. It assured that no … Continued

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PR: trade.io Announces Massive Airdrop Campaign

trade.io Announces Massive Airdrop Campaign

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

trade.io has announced the upcoming launch of an unprecedented ongoing airdrop campaign, which will enrich the portfolio of existing Trade Token (TIO) holders with potentially hundreds of different Alt Coins.

With this campaign, any TIO holder is automatically qualified to benefit from ongoing token airdrops from high potential ICOs. Such ICOs have undergone an extensive vetting process by the experienced trade.io consulting team for AML processes, technical viability and longevity, and as a result have been verified as high potential projects by the company.

trade.io targets to airdrop as many as 2 million tokens (sometimes more) per verified ICO, specifically to its TIO holders and to its loyal community. Clients who have already passed the strict trade.io vetting processes and who are in line to distribute their Alt Coins to the trade.io network include: TV-TWO, ICO Watchdog, INGOT Coin, DarcMatter, ZeroEdge. Another 50 ICOs are already in discussions to join the trade.io ICO consulting pipeline. This could potentially make 100 million coins available for airdrop to TIO holders within the coming months.

How does the airdrop work*:
Community members who join in trade.io’s telegram groups plus the ICO client’s telegram group will automatically be airdropped a pre-set percentage of tokens.

Existing TIO Holders who actively participate into the ICO of the client via the upcoming trade.io airdrop web page will be eligible to receive a significant number of additional Alt Coins. The top raffle allocation is USD 100,000.

trade.io will take a snapshot of all wallets holding TIO – anybody holding over 2,500 TIOs will be eligible to receive an additional airdrop. This will be an ongoing process for any ICO launched on the trade.io platform.

TIO holders who participate in the ICO via the trade.io link will be eligible to receive additional bonuses over and above what the client ICO is offering.

To register to be informed about upcoming airdrops, visit https://airdrops.trade.io
CEO of trade.io Jim Preissler commented: “We are constantly looking for ways to add value to the experience of our loyal community and TIO holders. We feel that an ongoing airdrop of this enormity is the perfect way to both thank our community for their loyalty plus to assist new high potential ICOs in accessing our informed and ambitious community.”

The Company’s vision is to continually onboard quality ICOs, which will bring a stream of high potential Alt Coins to TIO holders on an ongoing basis. With this, any hodler of the TIO token will automatically inherit high quality coins. This will help TIO holders to diversify – as well as to increase – the size of their portfolio.

He continued “This airdrop is a win-win situation for all company stakeholders. The Alt Coins from our upcoming ICOs will also be airdropped into our liquidity pool, which will benefit all of its participants.”

The Trade Token is currently available to purchase on the following exchanges: OKEX, Bancor, GateIO, TIDEX, KuCOIN, HitBTC, IDEX. The trade.io exchange is scheduled to launch within the coming weeks.

* Any percentages stipulated and / or airdrop terms & conditions will be issued by the company upon final launch of the airdrop program in due course. All announcements will be made on our official telegram channel https://t.me/TradeToken

About trade.io
trade.io is a next generation financial institution based on blockchain technology, and providing the ultimate in security and transparency via its flagship product the trade.io exchange as well as its highly sought after ICO Consulting Services and Angel Investment Program. trade.io successfully completed its ICO in January 2018 and raised over 31 million USD from loyal participants and community members who want greater transparency in the financial markets.

Read more: https://trade.io
Contact: marketing@trade.io

Contact Email Address
marketing@trade.io
Supporting Link
htpps://airdrops.trade.io

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Decentralized Exchange Compendium ‘Index’ Lists Over 200 Dex Platforms

Decentralized Exchange Compendium 'Index' Lists Over 200 Dex Platforms

Since the creation of bitcoin and the hundreds of other cryptocurrencies in existence individuals have been trading their assets for profit or for other coins. A great majority of people use centralized exchanges, even though many of them require strict identification policies or have lost funds due to hackers infiltrating their platforms. Over the past couple of years, there has been a proliferation of decentralized exchanges (Dex) that allow digital currency trading without relying on a third party to hold a user’s funds. Unfortunately, people might not be aware that there have been over 200 Dex platforms launched over the past few years, and a Github repository called ‘Index’ allows people to get a comprehensive overview of each decentralized exchange.

Also Read: Testing Cryptocurrency Atomic Swaps With Barterdex

A List of Decentralized Exchanges of Cryptographic Assets, and Their Protocols

Decentralized Exchange Compendium 'Index' Lists Over 200 Dex Platforms

When people think about trading cryptocurrencies they often think about exchanges like Gemini, Coinbase, Bitstamp, and others. These exchanges are deemed centralized because they hold a customer’s funds and the data associated with the person’s account. A decentralized exchange, otherwise known as a ‘Dex,’ the protocol is basically a ‘trustless system’ because it doesn’t hold a user’s funds or require any data. There are a lot of popular Dex platforms that people have been hearing about more recently, and now there’s also a Github repository that gives an in-depth look at all 200+ trading platforms. The repository called ‘Index’ was created by the software developers Hanni Abu, Steven Hatzakis, Manfred Karrer and Elio Osés.

“This is a list of decentralized exchanges of cryptographic assets (cryptocurrencies, tokens, derivatives, futures) and their protocols, without a central entity,” explains the repository.   

The architecture of these and their protocols can be quite different from one another. In some cases, they are built projects entirely open source — In other cases, they are closed in some aspects, but still implemented open or decentralized tools or mechanisms like smart contracts that are publicly verifiable. Other projects have chosen to create their own distributed ledger technology (DTL) in order to build a protocol for exchange.

Decentralized Exchange Compendium 'Index' Lists Over 200 Dex Platforms
The Index lists the decentralized exchange name, URL, repo, documents, Dex grade, status, protocol, reference, asset, DLT, ORG.

The Benefits of Dex Platforms Are Great But These Projects Have a Limited User Base and Weak Liquidity  

Dex platforms listed on the Index repository include Airswap, Altcoin Exchange, Atomicdex, Bisq, Bancor, Barterdex, Hodl Hodl, Counterparty Dex, Etherdelta, Localcoinswap, Raiden, QTUM Dex, and many more. The list also tells whether or not the Dex is operational, whether the platform has issues, and other types of characteristics.

Decentralized Exchange Compendium 'Index' Lists Over 200 Dex Platforms
Some exchanges are considered “fully” decentralized while others are not operational.

For instance, the Index list features exchanges that offer accountless registration, a decentralized DNS, trustless order matching, and many more methods of decentralization. Out of the 200+ Dex platforms, there are a bunch that are either in their very early beta stages, or some that have been defunct or “dead” for quite some time. There’s still a good handful of “fully” decentralized projects, and Index also details their specific protocol layers and the type of cryptocurrency assets used.

Decentralized Exchange Compendium 'Index' Lists Over 200 Dex Platforms
There are 200+ Dex platforms listed on Index but many of them have very little users and lack liquidity.

The advantages of using a Dex are profound and allow people to trade in a trustless fashion. The chances of losing your money due to an exchange hack is slim to none and you don’t have to reveal your identity which makes your transactions far more private. The disadvantage to Dex platforms right now is mostly lack of traders, and liquidity is also slim to none even on the most popular and fully operational exchanges. However, as more lose money to fallen exchanges and theft, people are slowly starting to migrate to Dex platforms that offer decentralized features.

It’s likely centralized exchanges will never go away but a lot of cryptocurrency proponents hope the majority of crypto-trades will take place on these trustless platforms. Lastly, if decentralized exchanges do dominate the way we trade value, then the technology will surely revolutionize our current monetary systems — And it’s a nice day for a revolution. 

What do you think of the Github repository Index that features a great variety of Dex platforms? Let us know what you think about this subject in the comment section below.


Images via Pixabay, ARTS1840, the Index list, and Github.  


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Tradeshift’s Gert Sylvest and Bancor’s Galia Benartzi sign on for TC Sessions: Blockchain in July

We are excited to announce two more top-quality speakers for our forthcoming TC Sessions: Blockchain event which takes place on July 6.

Gert Sylvest, co-founder of Tradeshift and GM of Tradeshift Frontiers, and Galia Benartzi, co-founder and head of business development for Bancor, join our growing list of confirmed speakers. In case you missed those, they include Brian Behlendorf, the executive director of the Hyperledger projectJun Hasegawa, CEO and founder of OmiseGO, and Leanne Kemp, CEO and founder of Everledger.

The event — which will be the first TechCrunch show dedicated to the blockchain — takes place in Zug, Switzerland, the city known as “Crypto Valley” because of the numerous companies that have moved there to capitalize on Zug’s openness to blockchain experiments and forward-thinking approach to regulation.

At the event, we’ll cover how decentralization will impact the internet and web services today; how big businesses and enterprises are moving forward to tap the potential of the blockchain; what the future of financing through crypto and ICOs might look like; and the important technological breakthroughs and challenges facing blockchain.

Sylvest and Benartzi and their companies represent two important sides of the emergence of blockchain. That is companies born in a decentralized world with innovative ideas about how to use technology, and already-established tech firms exploring the potential for solutions that can roll out at scale.

The Zug event comes off the back of a TechCrunch meetup held there in January and the hugely successful Disrupt San Francisco 2017 event, which included discussions on blockchain startups, cryptocurrency and ICOs with guests such as Ethereum creator Vitalik Buterin.

You can find ticket information for TC Sessions: Blockchain here.

Now, more about our two newest confirmed guests.

Galia Benartzi, co-founder and head of product of Bancor

Bancor is developing a system that uses the blockchain to disintermediate bitcoin exchanges, making it easier for individuals to trade crypto coins and, among other things, smoothening the path to holding ICOs.

The company has pioneered ‘smart tokens,’ which it describes as cryptocurrencies with built-in convertibility directly through their smart contracts.

Bancor released a wallet service in April that is designed to be a one-stop shop for trading between cryptocurrencies. The wallet builds on Bancor’s original open-source protocol for automated token conversions by allowing users to exchange any of 75 cryptocurrencies without needing to visit an exchange. There’s also an option to buy supported cryptocurrencies using credit or debit card.

Bancor held of 2017’s stand out ICOs, raising what was then $150 million in Ether in July 2017 to develop the project.

Galia Benartzi

Aside from Bancor, Galia Benartzi has two successful exits under her belt having co-founded social gaming startup Mytopia, which was acquired by online gambling firm 888 in 2010, and cross-platform development platform Particle Code, which was bought by Appcelerator in 2011.

Raised in Silicon Valley to Israeli parents, Benartzi relocated to Tel Aviv in 2013 to support and invest in Israeli technology as a Venture Partner at Founders Fund, where she also launched numerous local currency pilots to model, build and test software for community currencies.

Benartzi holds a BA in Comparative Literature from Dartmouth College and an MA in International Economics from SAIS Johns Hopkins.

Gert Sylvest, co-founder of Tradeshift and GM of Tradeshift Frontiers

Tradeshift is a global platform that that helps companies simplify and improve their expensing systems by connecting with external contract partners online. Some of the benefits include an end to paper trails for billing, virtual cards for faster payments, online marketplaces for reaching new customers and more.

The company was founded in Denmark in 2005 but is now headquartered in San Francisco with 250 staff across nine countries. To date, it has raised more than $180 million from investors like PayPal, Intuit Singapore’s Scentan Ventures, who last valued the startup at a reported $500 million, and it is on track to process $500 billion in transaction value for its customers this year.

Tradeshift has made a big move to embrace the blockchain and new technologies through Tradeshift Frontiers, a new entity launched earlier this year to explore how the company can adopt emerging technologies for its platform, which connects 1.5 million companies across 190 countries who transact some 28 million SKUs.

The blockchain is a big part of that new focus and, last October, Tradeshift joined Hyperledger as a governing member, the Linux foundation’s open-source blockchain development initiative aimed to drive the development and adoption of blockchains across the industry.

Gert Sylvest

Gert Sylvest is co-founder of Tradeshift and general manager of Tradeshift Frontiers, the company’s R&D and investment arm that focuses on blockchain, artificial intelligence, machine learning, the internet of things and other emerging technologies that impact supply chain and commerce.

Before leading Tradeshift Frontiers, Sylvest led the global cross-regional network strategy focusing on platform deployment and growth in China, and as CTO of Tradeshift. Prior to co-founding Tradeshift, he was responsible for the technical design and implementation of the Danish (Nemhandel) and European (PEPPOL) peer-to-peer-based source-to-pay digital infrastructures, with Accenture and Avanade.

Sylvest holds an MS in Computer Science and Music, specializing in real-time distributed collaboration systems.


We’ll be announcing more speakers soon, but you can already buy a ticket for TC Sessions: Blockchain here.

If you’re interested in sponsoring the event, please contact us here.

Note: The author a small amount of cryptocurrency. Enough to gain an understanding, not enough to change a life… particularly given the recent declines!