Bitcoin 

Bakkt Rolls Out ‘Critical’ Bitcoin Custody After NY Gives Green Light

Institutional Bitcoin (BTC) trading platform Bakkt has announced it has launched its custody feature for its entire client base following regulatory approval. Bakkt: custody is “critical link” in BTC adoption In a blog post on Nov. 11, Bakkt said it had received the go-ahead from the New York Department of Financial Services (NYDFS) to offer custody services to any institution. Previously, the option was only available for those trading its Bitcoin futures. Commenting on the release, Bakkt described the custody tool as “the critical link in the institutional adoption of…

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Bitcoin 

Bitcoin Price Near to Critical Support at $7,120; Must Hold to Avoid a New Bear Market

This week isn’t looking good for Bitcoin (BTC) as the price continues to decline after reaching a high of $8,540 on Oct. 1 down to $7,870 on Oct. 6.  This continued decline was anticipated in last week’s analysis, with fingers pointing to China’s week-long Golden Week as a possible catalyst for the reduced trading volume.   However with the Chinese set to return to their desks next week, will they be buying the dip, or sitting on the sidelines for the new support being flagged across the charts?   Weekly crypto market…

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Blockchain 

Cosmos Network Discloses Critical Vulnerability in Tendermint Core

In a forum post published on Oct. 1 blockchain interoperability platform Cosmos has disclosed a “high-severity security vulnerability” that was found in consensus engine Tendermint Core. According to the announcement, an update patch was released the following morning. The vulnerability reportedly affected all versions of Tendermint, on which Cosmos is built. All validators and service providers on Tendermint-powered networks are encouraged to update their software as soon as possible. Blockchain to blockchain communication The Cosmos platform allows individual blockchains to communicate and transact with each other. Developed by the Tendermint…

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Blockchain 

Hackerone User Reveals Critical Bug Through MakerDAO Bounty Program

MakerDAO, the decentralized organization that runs on Ethereum, has fixed a critical bug that could have resulted in a complete loss of funds for all Dai users. $50,000 bounty On Oct. 1 HackerOne user lucash-dev disclosed a report that revealed a critical bug in MakerDAO’s planned Multi-Collateral Dai (MCD) upgrade. The bug could have allowed an attacker to steal all of the collateral stored in the MCD system – possibly within a single transaction, Lucash-dev said. The bug was caught during the testing phase of the MCD upgrade and before…

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Ethereum 

Developers of Ethereum DEX Protocol AirSwap Disclose Critical Exploit

Ethereum (ETH) decentralized exchange protocol AirSwap’s developers announced that they have discovered a critical vulnerability in the system’s new smart contract. AirSwap’s team announced its findings and a possible solution for all potentially affected users in a Medium post published on Sept. 13. A limited vulnerability Per the release, on Sept. 12 AirSwap’s development team found a vulnerability in a new smart contract, which has already been reverted to an older version in under 24 hours after the discovery. The exploit in question could have allowed an attacker to perform…

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Ethereum 

Why $180 ETH Is Now Critical for the Bulls

Trading Ether (ETH) is rarely easy, particularly when bad news surrounding one of the most popular cryptocurrencies isn’t offering any reprieve for enthusiasts.  But it’s often a good idea to remind ourselves what the chart says before reacting emotionally to the news. Moreover, successful traders would argue that the best time to buy is when others start panic selling.  The longer-term perspective for Ethereum ETH/USD 12-hour chart. Source: Tradingview For example, the left-hand side of the chart shows the doldrums of the year-long bear market. In retrospect, this was one…

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Blockchain 

Just 2/3 of ETH Nodes Running Parity Have Been Patched Against Critical Security Flaw

Global hacking research collective SRLabs claims that only two thirds of the Ethereum client software that runs on Ethereum nodes has been patched against a critical security flaw discovered earlier this year. The news was reported by business tech website ZDNet on May 17. An SRLabs report ostensibly shared with ZDNet has reportedly revealed that the critical flaw is a denial of service (DoS) vulnerability in the Ethereum Parity client. As SRLabs has outlined, the flaw could enable a hacker to remotely crash legitimate Parity Ethereum nodes by sending malformed…

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Blockchain 

Tron Discloses Critical Vulnerability Which Could Have Crashed Its Blockchain

The Tron Foundation disclosed a fixed critical vulnerability which could have crashed its blockchain on vulnerability disclosure platform HackerOne on May 2. The disclosure explains that with enough malicious requests, an attacker could have filled up all the available memory and effectively perform a Distributed Denial of Service attack on the TRX network by employing malicious code in a smart contract. The disclosure further explains the impact of such an attack: “Using a single machine an attacker could send DDOS attack to all or 51% of the SR node and…

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Bitcoin 

Critical Vulnerabilities Leaking User Data Found on DX.Exchange, Patched Later

Estonia-based cryptocurrency and tokenized stock exchange DX.Exchange has reportedly fixed a critical vulnerability that leaked sensitive user data. Technology news website Ars Technica reported on the security leak Jan. 9, citing an anonymous trader who conducted a security analysis of DX.Exchange. According to Ars Technica’s article, a trader, who wished to remain anonymous due to legal concerns, noticed that the exchange was sending sensitive data of other users to their browser. After examining the data, the trader has reportedly found that the data included other users’ authentication tokens and password…

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Blockchain 

Recently Discovered Wallet Vulnerabilities Not Critical

Ledger claimed that recently uncovered vulnerabilities in its hardware wallets are not critical in an official Medium blog post on Dec. 28. Yesterday at the 35C3 Refreshing Memories conference in Berlin, researchers claimed that they were able to hack the Trezor One, Ledger Nano S and Ledger Blue cryptocurrency wallets. In the post, the company explains that there appeared to be “three attack paths which could give the impression that critical vulnerabilities were uncovered,” but according to them “this is not the case.” The reason Ledger says that the vulnerability…

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