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Bitcoin falls below $8,000
Bitcoin falls below $8,000: After a brief moment of respite, Bitcoin prices have continued their slide and are now down nearly 7% on the day. The move has pulled the market cap for all cryptocurrencies below $300B for the first time in over two weeks.
Ethereum’s Constantinople hard fork postponed
Ethereum’s highly anticipated Constantinople hard fork has been postponed indefinitely due to a last-minute security bug discovery. Constantinople was supposed to go live on the Ethereum main net at block height 7,080,000, which was estimated to occur on January 16. However, in a post on the Ethereum blog, developer Afri Schoedon said that the fork has been put on hold “until further notice.”
The hard fork was postponed due to a critical security vulnerability that was discovered in one of theEthereum Improvement Proposals (EIPs) that was scheduled to be implemented with Constantinople. The EIP in question, EIP-1283, would have resulted in a reduction of gas costs for certain smart contract operations. However, as noted by Hudson Jameson of the Ethereum Foundation, the reduction in gas costs “opened up possibilities for reenterant attacks.”
In light of the discover of this security vulnerability, all clients and miners are advised to upgrade to the latest versions of their software as soon as possible. For Parity Ethereum users, this means upgrading to version 2.3.3; for Geth users, this means upgrading to version 1.8.21; and for Ethcore users (formerly Parity), this means upgrading to version 2.2.9.
Litecoin price climbs to $60
The Litecoin price has surged by more than 30 percent over the past 24 hours, climbing back above $60 after a prolonged period of sideways trading.
The Litecoin Foundation, the non-profit organization behind the development of the Litecoin protocol, has announced a new strategic partnership with Beam, a privacy-focused cryptocurrency. The partnership is aimed at exploring the integration of Beam’s technology with Litecoin.
Litecoin’s price has been relatively stable over the past few weeks, trading in a tight range between $50 and $60. The recent surge appears to be driven by positive news about the project’s development and adoption.
This week’s price surge follows last week’s news that the Litecoin Foundation had entered into a strategic partnership with TokenPay, a blockchain payments company. The partnership will see TokenPay investing $3 million in the Foundation in exchange for 9.9 percent stake. tokenpay will also help promote Litecoin adoption through its merchant processing services.
Bitcoin Cash hard fork scheduled for May 15
On May 15, the Bitcoin Cash network is scheduled to undergo a hard fork. This fork is the result of a long-standing debate within the Bitcoin Cash community over the best way to scale the network.
The hard fork will split the Bitcoin Cash network into two separate chains, each with its own set of rules. One chain, called Bitcoin Cash ABC (or BCHABC), will retain the existing ruleset for Bitcoin Cash. The other chain, called Bitcoin Cash SV (or BCHSV), will implement a new set of rules that are intended to increase the blocksize limit and allow for greater scalability.
Both chains will share a common history up until the point of the fork, and anyone who holds BCH at the time of the fork will be entitled to an equal amount of BCHABC and BCHSV. However, it is important to note that not all exchanges and wallets will support both forks, so it is important to check before sending any BCH on or after May 15.
new stablecoins on the rise
With the recent volatility in the crypto markets, many investors are looking for alternatives to traditional cryptocurrencies. One option that is gaining popularity is stablecoins.
Stablecoins are digital assets that are pegged to a stable asset, such as gold or the US dollar. This peg helps to stabilize the price of the coin, even when the prices of other cryptocurrencies are fluctuating.
There are several new stablecoins that have launched in recent months, and they are gaining traction with investors who are looking for a more stable option. Some of the most popular new stablecoins include:
-USDCoin (USDC): This coin is backed by the US dollar and is one of the most popular stablecoins on the market. It is available on a number of exchanges and can be used to purchase other cryptocurrencies or held in a digital wallet.
-Tether (USDT): Tether is another popular stablecoin that is backed by the US dollar. It is one of the oldest coins on the market and is available on a number of exchanges. Unlike USDCoin, Tether cannot be used to purchase other cryptocurrencies. Instead, it must be held in a digital wallet or exchanged for USD.
-TrueUSD (TUSD): TrueUSD is another USD-backed stablecoin that has gained popularity in recent months. It is available on several exchanges and can be used to purchase other cryptocurrencies or held in a digital wallet.