Google Trends: Bitcoin and Altcoins are more popular than

Despite the fact that the proportion of dominance of Bitcoin in the market is more than 50%, the trend in February hinted that the altcoins market wakes up what he’s talking about, and Google Trends. The number of search queries related to “altcoins”, rose to new highs, exceeding the peak rates 2017-2018.

According to the portal Mickey, graphs of the price of most altcoins were green most of last and this months; many of the coins showed double-digit growth of, for example, four of the top 20 coins are traded above the 200-day moving average.

Of course, if we assess the market from All Time Highs, it will still be on for 80-90% in the red, but if you take the period of the past month, then every week we can note a 25% increase for some coins.

All this may indicate the final stage cryptogamy. Many analysts suggest the beginning of a new altstone and update the previous ATH. But the main question remains the same, as the market continues to focus on Bitcoin.

“This is the official season Altcoin. We don’t ask why. Just say thanks and take profit as it comes,” writes senior analyst, eToro’s Mati Greenspan.

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FineCrypto

Wallet Coinomi is vulnerable: the user of the stolen cryptocurrency is worth more than $60 000

The Coinomi wallet passphrase sends users to a spell check service Google unencrypted, revealing fraudsters access to private information and giving the opportunity to seize the funds of users.

About the problem became known after angry posts on Twitter programmer Warita al Mawali, who discovered the security gap, investigating the mysterious theft of 90% of their funds.

Al Mawali said that during the configuration of the Coinomi wallet, when the user enters a mnemonic phrase (seed), the application Coinomi captures user-entered text data and automatically sends them to the Google Spellcheck API to check the spelling in the clear.

“To understand what is happening, I’ll explain it technically, says al Mawali. The wallet interface is written in HTML and JavaScript and rendered using the embedded browser based on Chromium”.

Like any other app based on Chromium, the wallet application is integrated with various features geared toward Google, such as automatic spell checker for all text boxes for user input. It seems that the problem lies in the fact that the Coinomi team did not bother to disable this feature in the UI code of his wallet, which led to a situation where a backup of the phrases of purses of all of their users were leaked via HTTP during the install process and setup wallet.

Anyone who is able to intercept web traffic from the app wallet will be able to see the seed-phrase application of the Coinomi wallet unencrypted. This phrase allows attackers to obtain with the help of restore access to all of the funds held in the user’s wallet.

Although al-Mawali there is no conclusive evidence that this is the way hackers gained access to his data that he claims was stolen, only the funds that were kept in the Coinomi wallet, and so he sees no other way to steal the cryptocurrency than through the access mnemonic phrase Coinomi.

“Anyone involved in technology and cryptocurrency that knows what (…) 12 random English words separated by spaces will probably become a code phrase for cryptocurrency wallet,” said al Mawali.

The researcher created a special web site where it described the problem and the experiment, which he spent trying to get Coinomi to admit vulnerability. He has also published a video with a test of its concept, which was later independently verified and reproduced by Luke Childs, a security researcher.

Coinomi that offer multi-cryptocurrency app for wallets for Android, iOS, Linux, Mac and Windows, has not responded to the request of the affected user with an offer to compensate for the stolen funds. However, the updated version of the application appeared the next day after the treatment of the user.

Al Mawali claims that he lost from 60’000 to 70’000 US dollars in various cryptocurrencies. His version of the theft of funds was confirmed by other messages in the thread Coinomi on the forum Reddit, where users complain that once they woke up and found that all of their wallets Coinomi, was devastated in one night.

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FineCrypto

Definitely not a Scam: more than 50 percent Hasrat Bitcoin Cash controls one pool

The centralization of Bitcoin Cash has reached a new level — now half Hasrat cryptocurrency controls only one pool. According to experts CoinDance, mining pool BTC.TOP today responsible for 50.2 per cent Hasrat BCH. Its total capacity is 679 peachesa per second. BTC.TOP shares money with BTC.COM (257 of peachesa), ViaBTC (215 peachesa), AntPool (125 peachesa) and Bitcoin.com (187 peachesa).

Centralization as it is

Today the main topic of discussion in the Bitcoin community Cash is a high probability of an attack 51. Earlier cryptocurrency Roger Faith have not once criticized for being too centralized. The project has not passed the “stress test” an anonymous developer under the name Bitpico. The programmer found out that 98 percent of all the BCH node connected to one server, which could lead to a potential break-in.

The Central aspect of any decentralized blockchain is the ability to withstand pressure on the system and to prevent the intervention of any centralized organization. Attack 51 itself carries a great danger for the cryptocurrency, as it can totally destroy any project.

Recall another fork of Bitcoin Bitcoin Gold has suffered from the attack. 51 in 2018. Hackers for several days to re-spend coins BTG and the total amount stolen $ 18 million.

In some cases crossing the 50 percent barrier may occur unintentionally. In 2014, the GHash pool.io has “captured” more than half Hasrat Bitcoin. After a wave of disturbances in cryptocommunist the pool management decided to reduce their capacity so as not to undermine a lucrative business.

BTC.TOP can go on the same way. If a large miner will agree to reallocate processing power within the network of cryptocurrency, it will increase investor confidence in Bitcoin Cash. Otherwise, the BCH may be endangered.

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FineCrypto

The liquidity of XRP has increased by 300% in less than a year

The availability of XRP in recent months, increasing exponentially.

According to a study conducted by one of the users of the site xrpcommunity.blog, the number of cryptocurrency exchanges and exchange offices where you can buy XRP has grown more than 300% in less than a year.

Less than a year ago, I inventoried all exchanges offered by XRP, and it turned out that their number is 29. Recently I made an inventory of XRP exchanges and exchangers and found that currently the number is 105. It is more than 300 percent increase in the number of points of liquidity in less than a year.

In the analysis we used data from CoinMarketCap, CoinGecko and Live Coin Watch.

The rapid growth of points of liquidity is also a positive sign for all cryptocurrencies in General. A sharp increase in the number of opportunities for investment and employment means that cryptocurrency enthusiasts, especially beginners, won’t have to wait for cryptocurrency exchanges will once again register users.

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FineCrypto

Banks consume three times more electricity than the bitcoin network

The power consumption of the bitcoin network has become quite a hot topic lately, especially among the opponents of cryptocurrencies.

According to the researcher’s energy problems at the University of Pittsburgh Katrina Kelly-Pete, a discussion about the energy consumption of the bitcoin network is moving in the wrong direction.

Kelly-Pete says that all who talk about this issue do not understand the foundations of systems of renewable energy sources:

Electricity production can increase in scale, while maintaining minimal impact on the environment. Instead of focusing on how much energy is used in the bitcoin network, the discussion should focus around what is the source of this energy.

Kelly Pete did not contest a huge amount of electricity needed for the bitcoin network, but also notes that the entire banking system consumes “about 100 terawatts”, and it is three times more than the bitcoin network.

Even if the size of the cryptocurrency market will grow to 100 times, the total power consumption does not grow more than 2 percent of total energy consumption.

According to Kelly-Pete, the focus should be aimed at reduction of environmental damage in the production of electricity for the bitcoin network.

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FineCrypto

More than 1,000 cryptocurrency projects are “dead”

According to TechCrunch, more than a thousand cryptocurrency projects “already dead” as of June 30, 2018. TechCrunch made a similar statement based on data from two sites: Coinopsy and DeadCoins.

Coinopsy provides data on a large number of cryptocurrencies, including those that are already “dead”. The website defines a token as “dead” if it happened at least one of the following events: “the site is not supported, the network is not active gcd, the problem with the wallets, no updates in social networks, low trading volume, the developers have left the project”.

According to Coinopsy, at the moment there are 247 of “dead” coins. These include the notorious Bitconnect, which was closed in January 2018, and which the site describes as “the most successful fraudulent project in cryptography”.

On the website DeadCoins a list of dead cryptocurrencies are much longer – it 830 points. Among them is the recent ICO Titanium Blockchain Infrastructure Services, which has been closed by the Commission on securities and exchange Commission (SEC) for fraud.

According to a press release by the SEC, Titanium drew $ 21 million from investors from the U.S. and other countries. In his statement, SEC warns investors about ICO as extremely risky type of investment:

We have several cases related to fraud during the ICO. We again urge investors to exercise extreme caution when investing in such projects.

Since the beginning of the year 537 ICO, totaling over 13.7 billion dollars. For comparison, in 2017 was carried out in total 552 ICO, and the volume was just over $ 7 billion. According to TechCrunch, fraudulent and dead ICO in 2017 gathered $ 1 billion.

See also – the Number of ICO in 2018 already twice exceeded indicators of last year

21 Jun CEO of Nasdaq adena Friedman said that the ICO are “serious risks” for retail investors, arguing that the projects that are raising money so the “almost no control”.

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FineCrypto

More than 50% zcash for extract only three

Since early June, ASIC miners are actively increasing their power in the network zcash for. Thus, the share of previously dominant Flypool fell sharply to 29%, and three anonymous address extract more than 50% of the blocks. This was reported by representatives of Altpool.pro.

As noted by the members of the pool, all three addresses belong to Bitmain, which, thus, tries to hide the full centralization of mining.

t1MwHFWMAJMtRywJXhDWDejUyfvvcQQDdgu

t1XMMxTtZtSyQBEH8MgN6Lcc5rfKMDA4xt4

t1fjzvQoumv4cMMdWGJwgtQZnwFQ7R6p77c

A few days ago to the list of the leading miners and added the address:

t1KeWyw4XGk8PkarXPm6ZVHHmWMp3BRpago

According To Altpool.pro, computing power Bitmain network zcash for already more than 310 MSol/s.

Moreover, in just one day, the share of Chinese f2pool has increased by more than 100% (from 35 to 88 MSol/s), and at the moment is almost 100 MSol/s. It is assumed that Bitmain have provided the inflow of 53 MSol/s in f2pool, which without any explanation or apparent reason, began to hide his Hasrat schedule.

It is important to note that the miners are actively leaving Flypool due to the high volatility of the complexity and diminishing returns.

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FineCrypto

On ZenCash carried out a successful attack 51% . Losses totaled more than 500 thousand U.S. dollars

ZenCash is a cryptocurrency based on Proof of Work that works on the popular algorithm Equihash.

Equihash is used by several other popular currencies, primarily zcash for, which means that the overall hash rate Equihash that can be used in different networks is large enough. ZEN is a fork of ZClassic, which was launched at the end of may 2017, and which in turn is based on the zcash for.

June 2 in the network ZenCash there was a successful attack 51%, when one party controlled 51% of the hash rate of the network. This allowed the attacker several times to rewrite the blockchain, the greatest change amounted to 38 units. According to the team, the attacker was also able to re-make two large transactions at 13.000 6.600 and ZEN, the total of which amounted to more than 550,000 USD. The operators of mining pools informed the team ZenCash about the attack, and exchangers, in turn, has increased the number of confirmations required for the transaction.

Read also – How real attack 51% on Litecoin?

The attacker was able to cancel the transaction, but the fate of the original transaction is still unclear. If they had gone to the exchange and was there exchanged for some other currencies, in fact the striker is a regular bandit. All the attackers managed to write 110 blocks, and the duration of the attack was a little less than 4 hours. According to 51Crypto, these attacks cost the attackers at $ 30,000.

This is the fourth major attack 51%, which occurred over the past few months. Earlier the attack Bitcoin and Gold Verge.

The post On ZenCash carried out a successful attack 51% . Losses totaled more than 500 thousand U.S. dollars appeared first on FineCrypto.

FineCrypto

Of fee in the Bitcoin network is temporarily lower than transaction fees in the Bitcoin network Cash

Charges for transactions — a hot topic for debate in the world of cryptocurrency. Especially large-scale battles unfolding around the comparison of Bitcoin with Bitcoin Cash. Oil poured into the fire, fresh screenshot, which clearly shows that the fee of Bitcoin temporarily drops below the cost of their transactional Bitcoin Cash. Of course, the phenomenon was temporary, and at the moment, the situation looks different.

In a direct comparison of the size of the commissions BTC and BCH , it seems that there is no competition and can not be. Transaction cost Bitcoin Cash has always been much lower in comparison with the commissions in the network leading cryptocurrency. In fact, charges in the BCH is not changed for a long time, what can be said about Bitcoin given its volatility.

However, situational screenshots tell a different story. Tweet user Ven Verret informs the Commission BTC was lower than BCH for six hours. However, for a couple of hours of fee in the Bitcoin network has increased again. What are these leaps remains a bit unclear.

The main question is how the situation will develop further. In particular, the need for faster and cheaper transactions, Bitcoin increases. Lightning Network is designed to help with this. However, the technology is still in beta stage, and the “official” release yet to be announced.

The network of Bitcoin is the high transaction fees, and the situation will not change soon. In this issue of Bitcoin Cash is clearly the leader. But we should remember that Bitcoin has the highest market capitalization, and the Bitcoin Cash remains Aldona.

The post Of fee in the Bitcoin network is temporarily lower than transaction fees in the Bitcoin network Cash appeared first on FineCrypto.

FineCrypto

SVK CRYPTO PODCAST 133 – 01/05/2018 – Ethereum’s sharding closer than you think?

https://www.podbean.com/media/share/pb-vtrqb-9065bb

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