A Malicious “51% Attack” Hit Ethereum Classic, The Loss Allegedly Accounts For $460 000

An operator of Ethereum Classic mining pool has confirmed that a 51% attack has hit ETC network on January 7. This attack refers to a malicious attack on blockchain when hackers obtained more than 50% of mining hashrate of network.

The hackers got the ability to reorganize blocks and even replace them on blockchain, moreover, the culprits are able to “double spend” coins, i.e. the same coins can be transferred several times.

The rumours that ETC has been experiencing a hacker attack originally appeared on CoinNess, Chinese journal on the 6th of January. The report says that SlowMist, Chinese blockchain security firm, was the first to notice the attack.

The article reads:

“The ETC community followed up on the development of the incident immediately and learned that there is a private mining pool…that achieves more than 50% of the total network hashrate at certain times.”

The spokesman of Ethereum Classic has responded in Twitter, saying the network “operated normally”.

However, in just a few hours, the representative asked all mining pools to “allow a significantly higher confirmation time on withdrawals and deposits (+400).”

Later, without any confirmation or comment, the official account of Ethereum Classic retweeted the report made by Chinese journal.

On January 7, the cryptocurrency exchange Coinbase has posted a report saying that they detected this attack on the 5th of January. Mark Nesbitt, Coinbase Security Engineer, who wrote that report, stated that since the disclosure of malicious attack, there had been 8 chain reorganizations worth approximately $460,000.

Ethereum Classic refuted to the report of Coinbase, claiming that the later did not “connect  with ETC personnel regarding the attack.”

While it is still unknown who was the first to detect the malicious attack and what are the consequences of it, we want to remind you

The Dark Overlord Threatens To Reveal The Truth of 9/11 Attacks Unless Ransom in Bitcoin is Paid

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TOP 5 Most Convenient Applications To Use And Work With Cryptocurrency

Cryptocurrency is one of the most promising and growing industries in our modern world. It is becoming more and more valuable to our society, as well as to the nations’ economies and banking systems, since people prefer more convenient ways of trading and transferring money. We therefore offer you to look at top 5 apps that the most convenient in using and working with crypto.

1. Keymano

Keymano is a top wallet that provides a customer with a myriad of opportunities. It’s very convenient, fast and secure. Managing crypto or fiat money through Keymano wallet is easy. Using Keymano wallet anyone can sell, buy or send crypto on the go. It is user-friendly and straightforward.

Connect Keymano Card and Wallet to get even more functions. This Card allows you to make payments online and in-store. Moreover, the user can withdraw cash at any ATM terminal.

Keymano is a fully-featured product which not only simplifies managing crypto but also creates more ways to use it. With Keymano any transaction (from buying coffee to money exchange) is simple and always available in any part of the whole world. Having Keymano you can:

  • pay with crypto in any part of the world;
  • pay with BTC, ETH, etc;
  • manage multiple currencies in one App;
  • pay online or in-store using Keymano Card.

2. 365Сash

365Cash is a platform that provides services to users in different countries by organizing P2P transfers of digital assets. By the time of publication, the platform overcomes 850,000 cryptocurrency swaps. Such a big number extols this platform over others on the market. The service also possesses the following features:

  • Its own large ecosystem which uses nodes for cryptocurrencies and works automatically.
  • The most favorable rates for customers. The service earns on the difference in sales rates due to a large flow of customers and hedging the risks of cryptocurrency fluctuations.
  • Fully automatic system of receiving and paying funds to customers using the most popular payment system in Russia – Qiwi.
  • In future, it is planned to expand the pool of available cryptocurrencies.

3. Quppy 

Quppy is multicurrency payment system with unique cross-platform applications.The wallet provides users the ability to share crypto assets via different accounts inside one single wallet as far as within a decentralized storage system. By the end of the month, users will be able to withdraw money in euro. The platform also have some interesting features:

  • Sharing all your crypto assets through various accounts on one single platform.
  • Superior security for users based on blockchain technology.
  • Fast cryptocurrency exchange and instant transactions;
  • Multicurrency support including Bitcoin, Bitcoin Cash, Litecoin, etc.
  • Integration of Nexo – a service of the world’s fastest instant credit.

4. Chatex

Chatex is a platform that makes transfers, exchanging or paying for goods much more easier for every customer. Cryptobanking facilitates access to the use of cryptocurrency for those who have never had a cryptocurrency wallet and who do not want to understand difficult passwords, 12 words, etc. The service eliminates the possibility of loss of big passwords or phones, since it allows you to regain access during a personal appearance to the certification center. Unique feature are:

  • The wallet is protected by an additional PIN-code and in exchange transactions between people.
  • Instant internal transfers without commissions. Instant purchase with any VISA/MC.
  • Respond quickly to digital assets management requests from your smartphone.

5. Waves

Waves is revolutionary mobile app which enables users to connect to the network and make transactions. It is a comprehensive, all-in-one app for mobile devices with an absolutely unique feature set that includes a crypto wallet, the Waves DEX, and fiat gateway. The biggest advantages of the platform are:

  • All traffic is encrypted, hence privacy and security are fully provided. Private keys never leave users’ smartphone and are never exposed to the web.
  • Supporting Face ID, Touch ID and Fingerprint scanning.
  • Trading on DEX, with the great tools and charts, it provides access to fiat and crypto gateways, so the customer can deposit, store, trade and withdraw other assets.
  • The customer can send tokens to one’s address book contacts, lease one’s WAVES, receive warnings about suspicious tokens and burn any spam assets he/she doesn’t want.

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Over 40 Bugs Were Found On Crypto and Blockchain Platforms In 30 Days

Computer security hackers, or more commonly white hat hackers detected over 40 bugs on different blockchain platforms in last thirty days, according to the report made by TNW. Interestingly, no bug seemed to be serious at first, yet, they all are very severe.

The platforms where these bugs were discovered include Coinbase, which has recently has a controversial situation with Ripple, Monero, Hacker One, Brave, Tezos, Block.one. About 13 companies 43 bug reports from February 13 to March 13.

The most vulnerability reports were conducted by e-sports gambling platform Unikrn, around 12 bugs. This is the biggest amount in the blockchain field. OmiseGo developer, Omise, took the second place with total six bugs report. In third place is EOS, there were five vulnerability reports.

Tendermint, consensus algorithm and peer-to-peer (P2P) networking protocol, took the fourth place with only four bugs. Two companies sum up the top 5 and they are decentralized market protocol Augur and smart contracts platform Tezos. White hat hackers noticed only three bugs in their blockchain.

Next firms are Monero, ICON, MyEtherWallet; it was noticed only two bugs on their blockchain platforms.The best result, if we actually can say so, goes to crypto exchange Coinbase, the company received only one vulnerability. The same result shows blockchain browser Brave.

White hat hackers got their rewards, in total it accounts for $23,675. Tendermint paid the most, more than $8000 for its four bugs. EOS contributed $5500, whilst Unikrn awarded $1,375.

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Broke Pierce Predicts Crypto and Blockchain Future in 2019: DApps, STOs, Gaming

Cryptocurrency and blockchain technology are fast-growing industries which are showing great results in worldwide recognition at the moment. 2017 was the year of ICO and crypto rise, astronomical growth of cryptocurrency prices attracted a lot of investors and governments’ attention. Though, in 2018 the massive mainstream slowed down a bit due to a bearing market, yet, the crypto is not fully terminated. The blockchain technology, in its turn, started to gain momentum last year, thus many people think that 2019 is going to the year of blockchain.

Broke Peirce is a famous American entrepreneur which plays an important role in crypto world. In February 2018, Forbes put Pierce in the “top 20 wealthiest people in crypto” with an estimated net worth between $700 million and $1.1 billion. Let us look at the predictions that Pierce made.


Decentralized applications are computer apps that run on DLT, they are starting their own way on platforms like Ethereum, Tron, Cardano, but they definitely have future. Pierce said that dApps have to be scalable, fee-less and frictionless, since no one needs internet if “it’s slow, costs money and doesn’t’ scale.”

“We’re going to see big things being built, multiple applications hitting a million users,” Pierce said. “I love the fact that prices are down. When prices are up, very little gets built because teams don’t stick around. Everyone is getting rich too quick and that de-motivates people. All the best things I’ve seen built in this ecosystem have been built in bear markets.”


Security tokens have gained people’s trust long ago, as they work better and are more regulated than their brother – ICO. Pierce reckons that STOs will bring a lot of money to the market, because we will be able to see a massive “tokenization of the world’s fiat money, debt market, real estate, equities, and art.”

He thinks that STOs are the next wave in the development of capital markets. Unfortunately, ICOs did not manage to protect most of their customers, thus STOs is the future. Pirce assures:

“STOs are designed for investors and can have many provisions that are there to protect market participants.”


Broke Pierce is famous not only in crypto world, but also in gaming industry,thereby he can see a cross-over and foresee that the gaming will thrive in 2019.

“Gaming is going to be a huge part of it,” states Pierce. “The earliest adopters at scale of crypto were gamers. That’s why Korea and China are so big. These were the markets where people played video games and bought and sold virtual currency for games like Second Life and World of Warcraft.”

To predict anything is always hard, we therefore cannot guarantee that above-mentioned will come true, yet we trully believe that digital revolution, including dApps, STOs and gaming, is about to come.

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The South Korean Blockchain Backed By Messaging Giant Kakao Raised $90M in Private Sale

Crypto subsidiary of Kakao Corp. raised $90 million in private sale, yet there is more to come. On March 12, today, it is planning to raised the same sum of money to launch its blockchain platform in June 2019.

Ground X is a crypto unit which was formed back in May 2018 to develop a blockchain-powered platform. Some representatives say that the initial plan was by creating such a platform to integrate blockchain services into existing internet offering provided by Kakao, including messaging app Kakao Talk.

The CEO of Ground X, Jason Han, gave a small interview regarding to the private sale round. He said that the sale reached its target sum despite the plunge of cryptocurrency market in 2018. He also stated that companies like IDG Capital, Cresendo Equity Partners and Translink Capital had participated in the round.

The Tokyo-based Ground X has launched a test network, called Klaytn, not so long ago. It has teamed up with 26 different companies, including video game developer Wemade, video streaming platform Watcha, Chinese travel agency Zanadu. These companies have millions of active users every day. The company also plans to work with the Seoul Digital Foundation to implement blockchain in social and public services.

Han previously talked about blockchain decentralization, where he claimed:

“The token economy is a business model that no one could have imagined before. Until now, Kakao has only operated in Korea, but through blockchain we could expand into the global market. That means taking a portion of the profits we earn as an intermediary and using it to expand our market by sharing it with users.”

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Top Six Most Important Blockchain Organizations: What Are They?

It has been a decade since Satoshi Nakamoto presented the blockchain technology to the world. And it was a long way to worldwide recognition of Bitcoin. With the help of this technology, the crypto world exploded and brought so many interesting projects. As of 2019, the blockchain technology thrives and a lot of companies became leaders in this field. Let us check what are the most important organizations?

1. Cambridge Blockchain Forum

The Forum was launched in 2018, it is an annual event organized by Cambridge Blockchain Hub. The main goal is bring together the representatives of the blockchain world together to share thoughts about further development and current innovations. Moreover, it aims to explore the possible collaborations and ventures that will combine Cambridge academy and private and public sector of the local entrepreneurial ecosystem.

2. Blockchain Research Institute

The Blockchain Research Institute is a system of people who are experts in the blockchain technology. The work together in order to implement blockchain in different worldwide systems. A global think-tank was established by Don and Alex Tapscott in 2017. The founders of the Institute is the authors of Blockchain Revolution: How the Technology Behind Bitcoin is Changing Money, Business and the World. The organization is running more than one hundred blockchain-researched projects. They are mostly focused on energy and power, finance, government, healthcare, telecom, manufacturing, media, resources and mining, technology and retail.

3.  Cleveland Blockchain and Digital Futures Hub

The hub was launched in late-2018 as a result of collaboration between Cleveland State University and Case Western. The organization mostly touches the technological developments, like VR, AR, the Internet of Things. Yet, it also does not forget about use of blockchain technology in both public and private sector. The hub is also known for creating Blockland – a school for new blockchain developers.

4. Slovenian Blockchain Think Tank

The Slovenian Blockchain Think Tank was created by the Slovenian Digital Coalitionas a way to improve the education system in the country. It mostly focus on raising awareness in the EU and drafting new legislation around blockchain technology.

5. ThinkBlockTank

There is another European blockchain organization which was created to bring importance of implementing the blockchain in the Union. Think-tank was launched on November 2018 by Letzblock to take up distributed ledger technologies, token regulation, blockchain. The hub also released “EU Token Regulation Paper.”

6. CRYSTAL Centre

This organization was launched by the National University of Singapore (NUS) School of Computing. The name of the hub stands for Cryptocurrency Strategy, Techniques and Algorithms, it is created to help startups to be implemented in private and public sector.

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A Major French Seaport Will Use Blockchain to Handle Logistics

One of the largest European economies France is actively engaged in implementing the blockchain technology in various field of activity. Just recently, we have informed you about a retail giant Carrefour that started to use blockchain for its milk supply chain management.

According to the report made by PostSEurope, the leading seaport of France and the fourth largest port in Europe, Marseille Fos, is going to apply blockchain for the management of data regarding the transportation of goods through the Mediterranean-Rhône-Saône axis (MeRS) transport corridor.

The project was fully supported by local authorities, including the approval of the initiative and covering all the financial expenses. A couple of major French companies partnered up to fund the idea, one of them being Voies navigables de France, a navigation regulator which is in control of most inner waterways of France.

The pilot version of the blockchain-based logistics system will be launched to check whether the technology can provide the “fluidity, safety and competitiveness of the chain logistics and intermodal freight forwarding”.

The most important goal of the initiative is securing the data on the cargo transportation in order to eliminate the need for a mediator.

The technical part of the project was developed by three companies, which separately worked on the blockchain sector, supply chain sector and logistics sector.

The trial version of blockchain for managing Mediterranean-Rhône-Saône axis logistics (proof of concept) is going to be launched in June of this year. If the system proves to be efficient, the same technology will be applied to many other seaports in France and later on in Europe.

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