Author: dfmines

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"Bitcoin is our key focus now. While the cryptocurrency world sees regular cycles of hype around newly created cryptocurrencies, Fidelity is focused for the moment on Bitcoin which was born in early 2009." Christine Sandler, head of sales and marketing for Fidelity Digital Assets, says that up until early this year 90% of Fidelity's biggest…
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Traders analyze bearish and bullish rectangles to spot trend changes and range trade stocks and cryptocurrencies.

​ Any ideas on why this attempted connection would be coming from Rave wallet? submitted by /u/zrx4567 [link] [comments]

Presently, the staking contract of Eth2 has become the largest holder of Ethereum. Moreover, it is compliant with ERC-20 standards and leads the other projects using the same tokens. The blockchain analytics source Nansen carries that the staking contract of Eth2 has exceeded that of WETH (Wrapped Ethereum) and is now the largest single Eher holder. Furthermore, unlike Eth, wrapped Ether meets the ERC-20 standard, making it the best ETH representation champion amidst decentralized finance projects that employ ERC-20 tokens. Related Reading | Microsoft To Fight Piracy With Ethereum, Introduces Project Argus Alex Svanevik, the Nansen CEO, put up his findings on Twitter this Tuesday. According to the available data, the deposit contract of Beacon Chain consists of 6.73 million ETH – roughly valued at $21.5 billion at present rates. Check who's #1 ETH holder now guys! pic.twitter.com/3isDLkrv7I — Alex Svanevik ✨ (@ASvanevik) August 16, 2021 While on the other side of the coin, the data by Nansen shows that the contract of Wrapped Ethereum consists of 6.7 million ETH, roughly valued at $21.4 billion. Binance follows with 2.29 million ETH, which is roughly valued at $7.3 billion. As maintained by CoinMarketCap, the sum of Ether staked and locked on Eth2 now constitutes 5.7% of the circulating supply of Ethereum. Moreover, the Eth2 network has up to 210,000 validators at this time, Beaconcha.in claims. At this time, the staked Ether on Eth2 are all confined, and users cannot withdraw them from the contract until the impending Ethereum chain merges to join Eth2 and Ethereum networks. At present, the anticipated chain integration will happen within the first six months of 2022. Ethereum 2.0 Occupies Third Position In POS Network As per Staking Rewards, the top 3 proof-of-stake network is Eth2 through staked capitalization. It is therefore positioned behind Solana’s $27.5 billion and Cardona’s $49 billion. The news went live a short time after the major Ethereum’s breakthrough for the Eth2 roadmap and the successful deployment of the network upgrades in London on the 5th of August. Related Reading | Total Cryptocurrency Market Cap Value Surges Across $1.9 Trillion Setting A New Record This hard fork introduced the greatly expected Improvement Proposal 1559 of Ethereum. This proposal introduces the accurate transaction price, which is burned from the fees generated on the network. According to Ultrasound.Money, users have destroyed up to 54,916 ETH or $175 million through transaction fees in the 12 days following the London fork. At the current burn rate involving 3.28 ETH, users might destroy above 140,000 ETH every month if the network keeps operating optimally.   At the time of writing, ETH has lost at least 3.94% of its price in the last 24 hours | Source: ETHUSD on TradingView.com Featured image from Pixabay, chart from TradingView.com

White hat hacker Samczsun from investment firm Paradigm reported what could be one of the biggest rescues ever on the SushiSwap protocol, the Ethereum ecosystem, and maybe the entire internet. Just pulled off maybe the biggest whitehat rescue ever. Story time soon 🔥 — samczsun (@samczsun) August 17, 2021 Samczun claimed in a post that he found and help patch a vulnerability that was threatening over $350 million or 109,000 ETH from a Sushiswap based contract from its MISO platform. The white hacker reviewed the contract after he found there was a new auction taking place on the platform. MISO uses two types of auctions Duct and batch. While Samczun was reviewing the DutchAuction contract, the white hacker found that functions InitMarket and InitAuction lacked access controls. This was “extremely concerning”. I didn’t really expect this to be a vulnerability though, since I didn’t expect the Sushi team to make such an obvious misstep. Sure enough, the initAccessControls function validated that the contract had not already been initialized. Samczun said that the above combined with the use of a mixin library called BoringBatchable by the contract made it more suspicious. The hacker recognized the ingredients that led to an attack on another platform during 2020. Thus, Samczun was able to identify that SushiSwap was in danger. If exploited, the vulnerability would allow a bad actor to reuse a fixed amount of ETH to batch multiple calls to the contract. This would effectively allow the attacker to “bid in the auction for free”. While processing token payments involved a separate transferFrom call for each loop iteration, processing ETH payments simply checked whether msg.value was sufficient. This allowed the attacker to reuse the same ETH multiple times. Fixing A Multi-Million Dollar Bug On SushiSwap In addition to free bids, a bad actor could steal the funds on the SushiSwap contract by triggering a refund. The attacker would have had only to send a higher amount of ETH than the auction hard cap. Samczun said: This applied even once the hard cap was hit, meaning that instead of rejecting the transaction altogether, the contract would simply refund all of your ETH instead. Just minutes after the white hacker discovered the vulnerability, he put set up a “poor man’s mainnet fork on the command line”. Thus, Samczun was able to verify if the contract would allow for the above describe attack. Once the thesis was verified, the white hacker reported the bug to SushiSwap’s CTO Joseph Delong. He and other members of the protocol’s team coordinated a response to remove the bug. The team and Samczun “rescued” the funds by buying the remaining items. Thus, the auction was finalized. As pseudonym community member DC Investor said, the fact that the vulnerability was discovered by a white-hat hacker from an investment firm with a high stake on Uniswap, the decentralized exchange competing with SushiSwap, says a lot about the “ethos” of the Ethereum ecosystem. DC said: Found and helped patch a vulnerability that put over 109k ETH at risk everyone knows Paradigm has big UNI / Uniswap bags, but Sam from their team just helped save SushiSwap (an ostensible competitor) from a critical bug this is the ethos of the space among the best actors. At the time of writing, SUSHI trades at $12,50 with a 2.4% loss in the daily chart.

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Cryptocurrency businesses have continued to receive pressure globally from different regulatory bodies. For example, the Spanish National Securities Market Commission (CNMV) recently released a warning to many financial markets and crypto-related businesses. The warning is on unregistered services which they offer. From the official document from CNMV, about 11 entities received the warning from the regulatory body on August 16. The document stressed the non-compliance of these entities with the registry of the commission. Among the listed entities are some prominent crypto trading platforms like Bybit and Huobi. However, this Spanish regulatory body maintains that the unregistered entities have no authorization to provide investment services in the country. Related Reading | Total Cryptocurrency Market Cap Value Surges Across $1.9 Trillion Setting A New Record According to CNMV’s consulting page, the mandate to provide security-related services is only for registered companies in Spain. Though CNMV has no power to ban a company from operating in Spain directly, it can put forth a court appeal. Through a November report, Crypto Company Guide in Spain disclosed that about 120 crypto businesses are registered and operational in Spain. Spain’s Move So Far With Cryptocurrency A review of some activities from last reveals that Spain has created a friendly environment for crypto businesses. First, there was the approval of a law to develop a sandbox for financial technologies by the Committee on Economic Affairs and Digital Transformation. In his speech, Professor Ismael Santiago from the University of Seville confirmed the sandbox would enhance new jobs with increased value. Also, it will bring economic competitiveness and technological development. Moreover, the professor confessed that implementing the sandbox will be a push-up for Spain by making it a reference point in Europe. In fact, such an establishment catalyzes the crypto ecosystem while attracting more national and international talent. The daily chart shows that the crypto market has taken a dip after setting new records | Source: Crypto Total Market Cap on TradingView.com There’s a recent move from the Spanish Socialist Workers’ Party via the introduction of a non-law proposition. This has to do with launching a national digital currency following experimentation of the digital euro by the European Central Bank. Related Reading | Ukraine’s Security Service Closes Illegal Cryptocurrency Exchanges According to the proposal, when there’s a necessity for a monetary expansion, a national digital currency would allow higher liquidity. It will enable a more direct process through the provision of liquidity into current accounts. In addition, such a process will create instantaneous transfers without using any intermediaries or third parties. Furthermore, the use of digital currency ends banks’ privilege over money. This implies that there’ll be no nationalization of credit or nationalization of the banking system. Featured image from Pixabay, chart from TradingView.com

When it comes to software piracy platforms, the top performers remain for the office productivity suite and Windows operating system. So it’s not a surprise that the developer of the two products, Microsoft, takes its moves in creating Ethereum backed anti-piracy measures. Microsoft’s research department released a recent document involving contributions of other researchers from Alibaba and Carnegie Mellon University. The document revealed that the software giant engaged in a blockchain-based reward system to fortify its anti-piracy campaigns. Related Reading | Total Cryptocurrency Market Cap Value Surges Across $1.9 Trillion Setting A New Record The research has a title, Argus: A Fully Transparent Incentive System for Anti-Piracy Campaigns. This implies that Microsoft will depend on the transparency of blockchain technology for its new system. Argus is a protocol built on the Ethereum blockchain that proposes to give a trustless incentive mechanism. Also, it will secure data from any open unknown or hidden population of piracy reporters. Here’s How Ethereum Powered Anti-Piracy Program Will Run The document states that this should be taken as a shared system issue. Furthermore, it reveals that in the real application, there are unavoidable obstacles that need surmounting. It’s only the finished aspect that would ascertain the desired security irrespective of full transparency. Argus allows tracing pirated content back to its source while giving a watermarking algorithm as contained in the document. Furthermore, every report of leaked content, known as proof of leakage, has a procedure that hides the information. Hence, only the informer can report the exact watermarked copy without taking possession of it. There are incentive-reducing precautions in the system that deter an informer from repeating the exact leaked content using different aliases. The report from the paper believes in the security and functionality of Argus to achieve anti-piracy campaigns in real-world situations. It states that a shift to an incentive mechanism that is transparent is the expected solution. Related Reading | Ukraine’s Security Service Closes Illegal Cryptocurrency Exchanges Explaining the challenge of fees in the Ethereum network, the document records the team’s optimization of many cryptographic operations. ETH is trading sideways although bulls are trying to push Ethereum ahead | Source: ETHUSD on TradingView.com This helps reduce the piracy reporting cost equitably for running 14ETH-transfer transactions on Ethereum’s public network. However, the expanded form represents thousands of transactions. There is now a global concern from technological companies to protect intellectual property and combat digital piracy. For example, there’s a recent report of piracy combating move from the IT subsidiary of Indian Conglomerate Mahindra Group, Tech Mahindra. The company launched its new platform that runs on blockchain-based digital rights and contracts. The platform operates on IBM’s Hyperledger fabric protocol, and it’s meant to boost the entertainment and media industry. Featured image from Pixabay, chart from TradingView.com