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Hong Kong-based OKEX, the third largest cryptocurrency exchange in the world by trade volume, suspended all ERC20 token deposits April 25 after the discovery of what developers say is a “new smart contract bug.” In a blog post, the exchange confirmed that the bug, called BatchOverFlow, was allowing malicious parties to “generate an extremely large amount of tokens, and deposit them into a normal address.” “This makes many of the ERC-20 tokens vulnerable to price manipulations of the attackers,” they Read more …

Chinese crypto exchange Huobi Pro announced plans yesterday to become a block producer on the EOS blockchain. Currently the world’s fourth largest crypto exchange with $2.3 billion in daily volume, Singapore headquartered Huobi becomes the latest to embrace the EOS ecosystem. Supernode Candidacy for Huobi Pro In a live stream event dubbed the ‘EOS Supernode Party’, and on Twitter the team revealed their application for candidacy to become the next EOS supernode. Who will be the next Supernode? Hear from Read more …

Venture capital firm Sequoia is suing Zhao Changpeng, the CEO and founder of Binance, currently the world’s largest cryptocurrency exchange by trade volume, for allegedly breaching an exclusivity agreement during negotiations for an investment deal which broke down last year, Bloomberg reported April 25. Sequoia has now appealed to Hong Kong’s High Court to secure a temporary injunction to bar Zhao from negotiating with other investors, causing the dispute to go public and revealing insights into VC firms’ past valuations Read more …

The Daily Today’s collection of Bitcoin in Brief stories from across the cryptosphere showcases how bitcoin is an unstoppable force. Even if one centralized avenue can be pressured by some governments, others will soon pop up to replace it in the decentralized global ecosystem.   Also Read: 20% of Financial Institutions Examining Starting Cryptocurrency Trading Soon Wikileaks vs Coinbase A couple of days after Wikileaks called for a global blockade of Coinbase because the cryptocurrency exchange and Read more …

Allegations of electricity theft have led to the arrest of bitcoin miners in two Chinese cities, according to reports. In the first instance, six individuals have been arrested in Tianjin, with the Xinhua news agency saying the suspects allegedly used 600 cryptocurrency miners to generate bitcoin with power taken from the local power grid. The police claimed they avoided paying the resulting bills by bypassing the electricity meter. An investigation was launched, Xinhua says, after the local power company noticed Read more …

Join our community of 10 000 traders on Hacked.com for just $39 per month. Chinese Police in the northeastern port city of Tianjin have reportedly confiscated 600 bitcoin mining computers in a case of alleged electricity theft. The bitcoin mining equipment was seized after the local power grid operator reported an abnormally high spike in electricity consumption, China’s state-owned press agency Xinhua reported on Wednesday. The power company observed sudden increases in power loads, the report revealed, up to 28 Read more …

As digital asset markets face increased volatility and turbulence, managing a portfolio of cryptocurrencies can be an overwhelming endeavor, even for the savviest of investors.Ill-equipped with the time, energy and knowledge needed to successfully navigate today’s sea of new investment opportunities, this investor group can find themselves exposed to extreme vulnerabilities and traps in their early stage investment efforts.A key attribute of blockchain technology and its power to create distributed immutable ledgers is its ability to track assets and currency. Read more …

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Utrum, a decentralized community platform with reputation-based quality reviews of crypto projects and assets, has announced its public token crowd sale to launch May 10, 2018. Utrum will offer OOT, a Privacy Coin and the Read more …

Australian P2P energy startup Power Ledger will partner with a major Japanese electricity provider to test it’s blockchain enabled energy sharing platform. Peer to Peer Energy Trading Trialed in Osaka Perth based peer to peer energy sharing pioneer Power Ledger has announced a deal to Partner with Kansai Electric Power Co. (KEPCO), Japan’s second largest electricity utility, to trial P2P renewable energy sharing in the island nation according to Australian Financial Review. KEPCO plans on implementing the Power Ledger platform in Read more …

Inspired by the “#metoo” movement, students in China are coding messages onto the temper-proof ethereum blockchain to escape Chinese internet censorship. As Quartz reported on Tuesday, an anonymous address on the ethereum blockchain sent itself a transaction on April 23 holding code that contains the content of a censored open letter in order to permanently store the text in the public domain. The open letter, written by Yue Xin, a female student from Peking University, described how she was treated by Read more …