Privacy Crypto Monero Celebrates Its 5th Birthday

news One of the most popular cryptocurrencies for privacy protection, monero, celebrated five years of existence this week. Launched in April 2014, monero has, since its inception, been entirely crowdfunded. And in tune with this decentralized, grassroots structure, monero is almost entirely developed by volunteers. “Monero is very committed to its decentralized, grassroots structure meaning we…

MakerDAO to Increase Fees Above 10% in Bid to Stabilize DAI Stablecoin

news Investors who hold tokens in the programmatic lending protocol MakerDAO appear likely to approve a fifth fee increase that would further raise the cost of platform’s US dollar-backed stablecoin DAI. Since Monday, five different options have been presented to MakerDAO token holders, all of which suggested different possible increases to the platform’s “stability fee,” the most…

How SABRE Tech Can Stop Hackers From Splitting Bitcoin Into Two

news If hackers felt like it, they could split bitcoin in two. It wouldn’t even be that hard, according to research from 2017. Thanks to insecure technology underpinning the internet, someone with the right credentials could exploit the Border Gateway Protocol (BGP) by faking their identity and confusing the network into sending floods of data…

How BlockEx Went from $24 Million ICO to Layoffs in Less Than a Year

news BlockEx’s treasury couldn’t stop taking hits in 2018 – and for the London-based startup, it has meant significant delays, scaled-back ambitions and layoffs. CEO Adam Leonard confirmed to CoinDesk that “staff reductions” had taken place. “Some of it naturally as products finished and additionally to reduce burn,” Leonard said via email, declining to offer specifics…

Fee Spike on Ethereum Classic Raises Fears of More Exchange Attacks

news A sudden surge in transaction fees on the ethereum classic blockchain has some developers speculating whether cryptocurrency exchanges could be at risk of attack, a development that follows last week’s 51% attack in which more than $200,000 was stolen from at least one exchange. Over the last 24 hours, average transaction fees on the blockchain rose…

Ethereum Classic’s Price Stumbles Amid Suspected 51% Attack

news The price of ethereum classic (ETC) is pulling back as a result of a recently reported attack that resulted in a series of blockchain history rewrites. At press time, ETC is trading at an average price of $5.01 – down more than 7.5 percent in the past 24 hours, according to data from CoinMarketCap. ETC had fallen…

This Meme Marketplace Uses Dummy Tokens to Draw Users in a Bear Market

Memes are a pretty important part of the crypto ecosystem – how else would crypto visionaries display their wit and sometimes passive aggressivity? It’s no wonder then that District0x’s Meme Factory is seeing quite the buzz. Not only did District0x raise $9 million in an initial coin offering last year, backed by Boost VC and CoinFund,…

Ecash’s Creator Is Back – And He Thinks He’s Built the Fastest Blockchain Ever

One of the founders of the cypherpunk movement has just revealed new technology that he believes will revolutionize cryptocurrency from this moment on. Revealed exclusively to CoinDesk, the grey-haired, digital money pioneer David Chaum is launching a new cryptocurrency Elixxir via his startup. And his goals are bold. By using cryptographic techniques he invented decades…

Ethereum Dapp Bancor Is Expanding to EOS for Fast, Free Transactions

Bancor, one of the most popular and valuable decentralized applications on ethereum, is expanding to the EOS blockchain. According to a company announcement, the “decentralized liquidity network,” which allows users to trade a range of ethereum-based tokens without depositing funds in an exchange or matching trades in an order book, will bring that capability to…