Bitcoin 

Bitcoin Price ‘Will Never Hit $50K’ Gold Bug Peter Schiff Tells Tom Lee

Bitcoin (BTC) price  will never make it to $50,000, gold bug and crypto skeptic Peter Schiff has claimed in the latest attack on the largest cryptocurrency. ‘This is hysterical’ In a social media debate on Aug. 20, Schiff, who is well known for his distaste for Bitcoin, said that gold would definitely reach $5,000 in the future.  Schiff was debating with Joe Kernen, the CNBC host who recently interviewed Bitcoin proponent and regular Schiff troll, Anthony Pompliano. “Prior the 2008 financial crisis, when I was still invited on CNBC, Joe…

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Blockchain 

PIVX, Possibly Other PoS Chains Vulnerable to Bug, Attackers Profit

Private transactions cryptocurrency PIVX and over 200 other blockchains are vulnerable to a vulnerability allowing the attacker to obtain disproportionately high staking rewards. A major staking vulnerability Cryptocurrency consulting firm Lunar Digital Assets claimed in a post published on its website on Aug. 12 that a staking vulnerability is being used across PIVX and its forks. The weakness reportedly allows the attacker to obtain mathematically impossible staking rewards on vulnerable Proof of Stake (PoS) chains. According to the post’s author, the PIVX development team claimed to have solved the issue…

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Bitcoin 

Bitcoin Will Make Peter Schiff Kick Himself: Gold Bug Debates Pompliano

Bitcoin (BTC) will make Peter Schiff’s gold arguments redundant if there is just a 1% chance it will succeed, Anthony Pompliano has told mainstream media. ‘You will be kicking yourself forever’ In a hotly-awaited debate with gold bug Schiff on CNBC Africa July 31, the Morgan Creek Digital co-founder took the opportunity to talk about a Bitcoin future.  After almost an hour of talking, Schiff had summarized that Bitcoin has become a form of religion, and that investors were blind to reality, hoping only to get rich from their holdings. …

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Ethereum 

Monero Discloses Bug Allowing XMR to be Stolen from Exchanges

Several security vulnerabilities have been disclosed by Monero, including one that could have been exploited to steal xmr from exchanges, reports on the breach disclosure platform HackerOne revealed on July 3. The vulnerability theoretically enabled attackers to send counterfeit xmr to an exchange. Once the fraudster’s account was credited, they could then convert it into other coins and make a withdrawal, leaving the exchange out of pocket. Describing the critical breach they uncovered, the lead developer for CUT coin added: “It is our belief that the vulnerability cannot be used to “mint” real, transactable monero out…

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Blockchain 

Monero Developers Confirm Fix of Bug That Lost Balances for Ledger Wallet Users

Monero (XMR) developers have fixed a bug involving cryptocurrency hardware wallet Ledger that made user funds look like they had disappeared, they confirmed on social media on April 8. Reported in early March, the bug, which Ledger originally thought to be a synchronization problem, first came to light when a user’s balance failed to react to an incoming transaction. The problem only affected those using Ledger Nano S devices to access their XMR wallet. As of this week, the issue has officially been resolved through the issuance of a patch…

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Blockchain 

Synthetix Reverses Oracle Error-Caused Misplaced sETH in Exchange for a Bug Bounty

Following a recent oracle issue, asset issuance platform Synthetix will reverse the misplaced 37 million synthetic ether (sETH) in exchange for a bug bounty, Synthetix founder Kain Warwick stated on June 25. According to the statement, Synthetix has now resumed trading and transfers after the platform yesterday suffered an oracle error that led to several trades with profits of 1000x, resulting in more than $1 billion in profits in under an hour. Warwick, who is also CEO of Australia-based payment operator blueshyft, has described the details of the accident, noting…

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Bitcoin 

Twitter User Claims TradingView Has Ignored a Fibonacci Retracement Bug for 5 Years

Popular chart analysis service TradingView reportedly contains a bug in the Fibonacci retracement technical analysis tool, according to a tweet by self-proclaimed certified Elliott wave analyst Cryptoteddybear published on June 13. The Elliott wave principle is a type of technical analysis for predicting prices in financial markets by looking at recurring patterns. In a video that he uploaded to YouTube, the analyst explains that the tool does linear calculations when in logarithmic charts, which he notes is a significant issue for Elliot wave traders. The official Twitter account of the…

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Bitcoin 

Bitcoin Useful as Investor ‘Tip-Off,’ Says Gold Bug Who Predicted 90% Price Crash

Bitcoin (BTC) could inform investors worried about the United States–China trade war, an executive from financial planning and wealth advisory firm Bleakley Advisory Group told CNBC in an interview on June 4. On the back of stock market weakness over fears the trade war could escalate and the dollar weaken, Bleakley’s chief investment officer, Peter Boockvar, drew attention to bitcoin’s recent behavior and highlighted gold as a potential alternative. A well-known gold bug, Boockvar nonetheless said he did not advise buying bitcoin itself, but that it was a useful measure…

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Bitcoin 

Inflation Bug Still a Danger to More Than Half of All Bitcoin Full Nodes

Figures published by bitcoin core developer Luke Dashjr show that more than half of the full nodes in the bitcoin network are still running client software vulnerable to the inflation bug discovered in September 2018. This revelation poses some danger to the network, as software vulnerabilities are a clear and present danger to the fidelity of bitcoin (BTC). Now that the top-ranked cryptocurrency is in the midst of a positive price run, it is perhaps important that steps are taken to eradicate the inflation bug problem for good. Most bitcoin…

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Bitcoin 

Bitcoin Cash Experiences Bug During Scheduled Hard Fork Upgrade

In the course of a planned hard fork update, the bitcoin cash (BCH) network experienced difficulties processing transactions, cryptocurrency exchange BitMEX tweeted on May 15. Following the expected fork at block 582,680, the network purportedly began to experience issues with transactions. BitMEX said that the number of transactions per block was low — 0 in the last 9 blocks starting at block 582,687. Bitcoin cash transaction per block. Source: BitMEX According to data from CoinDance, the greatest number of blocks mined after the upgrade were only processing transactions on Coinbase.…

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