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A bug discovered in the Lightning Network in June, which allowed lightning bitcoins not backed by actual bitcoins to be spent, has officially been addressed in a new dev full disclosure report released on Friday. The problem has reportedly been remedied, but the security oversight casts doubts on an already heavily scrutinized protocol, and whether … Read more
There was something unusual about Bitcoin block 74638. It was Core developer Jeff Garzik who first spotted it, commenting on the “quite strange” transaction outputs, which stood at 92233720368.54 BTC apiece. That wasn’t meant to happen. Within an hour, another forum user had started a thread titled “overflow bug serious” in which he implored “We … Read more
A recent counterfeiting bug in Zcash demonstrates that the added functionality of so-called second generation blockchains comes at a price. The vulnerability, which existed for years before being patched in October, could have been exploited to generate additional coins. As every major cryptocurrency since Bitcoin has demonstrated, added complexity corresponds with lower security. Also read: Australian … Read more
In Friday’s edition of The Daily, we cover the news about a vulnerability found in the Beam Wallet days after the launch of the Mimblewimble-based coin. Also, crypto card provider Wirex has added waves to its list of supported cryptocurrencies, and digital asset exchange Exmo has registered an increase in the number of Belarusian users … Read more
Over the last 24 hours, the cryptocurrency community has been discussing a critical vulnerability that was found in the Bitcoin Core (BTC) reference client. A bug introduced in Bitcoin Core version 0.14, that also affects all subsequent versions, could have caused a great majority of current Core nodes to crash. According to the developer’s Optech … Read more
US exchange Coinbase is reportedly exploring possibilities to create a cryptocurrency ETF and we’ve covered the details in The Daily. Also, Bittrex announces fiat pairs for cardano and zcash, Changelly admits requesting KYC documents from clients trading privacy coins like XMR, and Monero developers find another bug. Also read: EU Urged for Common Crypto Rules, … Read more
For every problem that smart contracts solve, they seem to introduce another. In a week in which EOS has made news for all the wrong reasons over a RAM vulnerability, a code auditor has revealed the prevalence of smart contract bugs. Security firm Hosho, which has forged a new partnership with community managers Amazix, has … Read more
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 … Read more
Syscoin has been hit by an unusual hack that has manipulated the coin’s total supply. The attackers then sent the fraudulently generated coins to Binance and sold them, pushing the price of 1 SYS to as high as 96 BTC. The BTC they received was then withdrawn, prompting Binance to temporarily cease trading and to … Read more
The EOS mainnet is less than a week old but already the much-vaunted blockchain has ran into a spate of issues ranging from the minor to the critical. Teething problems with new blockchains are to be expected, but the numeracy of these, coupled with a series of other anomalies, have had EOS critics scratching their … Read more
