EventChain: An Easy Way to Get a Ticket for Any Event

What is EventChain?

EventChain SmartTickets is the solution to many of the problems plaguing the event ticketing industry today. Harnessing the powerful benefits of blockchain technology, we can address issues with transparency, security and scalping to improve fairness for attendees and artists/organizers. The main development of EventChain, the SmartTickets application, is set to turn the whole industry upside down.

The advantages of the project:

  • Pricing. A smart contract code provides for a fixed price for SmartTickets
  • No counterfeit. The implementation of the blockchain technology makes it possible to sell a particular ticket only once.
  • Transparency. The blockchain comes in handy again by bringing accountability and safety of each and every transaction.
  • Scalability. SmartTickets will be distributed among multiple different websites to avoid the overload and make sure that any willing person gets a ticket for a desired event.

The team

EventChain has a team of 15 skilled software developers who are doing their best to create the full version of the EventChain SmartTickets application. The CEO of the project Ashton Addison and its CTO Jay Addison are on the list of Top-13 most influential cryptocurrency figures in the world. Ashton and Jay are also engaged in such projects as Crypto Biz Magazine and the Crypto Coin Show. They both have an immense experience in the sphere of the blockchain technology. Ashton Addison runs his own YouTube channel under the name of Crypto Coin Show with more than 16k subscribers where he talks about cryptocurrencies and blockchain, explaining all the pecularities of these phenomena. Jay Addison is a broadcaster on Reuters Insider Financial Network, he also covers such important topics as blockhain, news of the cryptocurrency world, financial technologies, artificial intelligence. Ashton Addison is a frequent guest at the events related to blockchain and cryptocurrencies. He recently attended the TechLaw fest in Singapore, discussing the problems of smart contract regulation with the representatives of the Singaporean government and Law academy. He also invited NEM to join him at the GMIC Cross-Border Venture Summit in Beijing. The EventChain will visit the “World Blockchain Forum” in New York on the 11th-13th of June and present the project to the audience.

The MVP version will be available on the 30th of June. It will be capable of conducting purchases of tickets for any events: from small to large-scale ones.

Subscribe to the news of one of the most innovative blockchain-projects: https://twitter.com/eventchain_io

The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

The CEO of Circle Believes That a Clearer Policy of the SEC Will Cure the Crypto Industry

The CEO of the project Circle, backed up by the major bank Goldman Sachs, Jeremy Allaire started a thread on Reddit together with his co-workers, where they debated the accomplishments of the company in the recent time, talked about prospects for the future and discussed the overall situation on the crypto market.

According to the representatives of Circle, one of the main issues with crypto in the US is the lack of regulatory framework and, most importantly, the inability of the Securities and Exchange Commission to clearly define cryptocurrencies as belonging to a particular type of assets.

We remind you:

The SEC: Unlike ICO Tokens, Bitcoin and Ethereum Can Not Be Securities

There absolutely needs to be more regulatory clarity to really make this fly — in particular around who can issue these, how they can be stored and transmitted, and what markets can allow their trading. There’s a lot of attention on this and we absolutely expect to see these issues resolved and for far more real world experiments to hit the markets this year,” said Jeremy Allaire.

Also, the CEO of Circle claimed that the US should follow the example of France and have a separate kind of taxation for crypto-to-crypto transactions.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

“51% Attack” Hit Ethereum Classic: A Full Analysis Of The Process

As we have reported earlier, Ethereum Classic was hit by 51% attack, it means that hackers obtained more than 50% of network’s mining hashrate.

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

Slowmist, Chinese-based blockchain journal, has released a full report on the attack. The earliest hit occured on January 5, the culprit hacked some exchanges, like Bitrue, Coinbase, Gate.io, however, this was noticed only two days later.

The first action was a transfer of more than 5000 ETC from Binance to the criminal’s address 0x24fdd25367e4a7ae25eef779652d5f1b336e31da. This amount of coins moved to a mining node, that created block 7254355. After that, the hacker deposited 4000 ETC to Bitrue exchange in block 7254430, yet, this transaction vanished from the Ethereum Classic chain. Another 9000 ETC was stolen in the same way. The Bitrue address 0x2c9a81a120d11a4c2db041d4ec377a4c6c401e69 no longer exists, and the official history is clear. Though, Bitrue managed to save some records:

The scheme of the hacker attack is simple:

  • make a deposit;
  • withdraw to a safe address;
  • to double coins – just move the coins to other addresses.

One of the biggests victims is Coinbase exchange. It was estimated that the loss from the attack accounts for $1 million. The above-mentioned report also provides the information about two attacker addresses which were blackmailed by Coinbase later. They are:

– 0x090a4a238db45d9348cb89a356ca5aba89c75256
0x07ebd5b21636f089311b1ae720e3c7df026dfd72

In Twitter, one of users (nickname: @OGBTC) claimed that he knew the culprit personally.

https://twitter.com/OGBTC/status/1082559086070136832

Another user (nickname: @sebseb7) indicated that it was he who knew the hacker.

The “51% Attack” is over for now. All we can do is to estimate the losses and to take measures so that it will not happen again.

The report also stated:

“[W]e recommend that all digital asset services platform block transfers from the above malicious wallet addresses. And strengthen the risk control, maintain a high degree of attention, and be alert to double spend attacks that may erupt at any time.”

We remind you:

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

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

GMO Will Keep On Mining Bitcoins at a Different Location

One of the world’s largest IT companies, Japan-based GMO has published its monthly report regarding its mining activities and the profits coming from them.

We remind you:

Japanese GMO Releases a Monthly Update: What Has Changed As For Mining?

Based on the December’s document, the revenue from mining cryptocurrency has dropped down  significantly which implies that immediate measures must be taken.

One of the biggest pitfalls of mining is the amount of electricity consumed and its high price. Thus, GMO made a decision to relocate its main mining center into a different area, where electricity will cost way less.

We will relocate the mining center to a region that will allow us to secure less expensive power supply,” reads the report.

Moreover, the company refuted all the rumors regarding its alleged plans of giving up mining completely. Since 2017, when GMO first engaged into mining, it has earned massive profits and still sees potential in crypto.

As we may see in the statistical data, the mining reward for Bitcoin increased a lot in the last month of December, whereas Bitcoin Cash suffered a hard fall. But the crash of the crypto market and Bitcoin in particular could not be controlled by GMO and affected its business quite badly, making it “move houses”.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

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

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

Cryptocurrency Prices Today, January 8: Cryptocurrencies Are in the Red Zone After a Period of Growth

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the online platform Coingecko, Bitcoin (BTC) lost 0.2% over the past 24 hours. The price at the time of writing is $3970 per coin.

Most cryptocurrencies are falling in price:

Bitcoin Cash lost 4.42% over the past 24 hours and costs $159 per coin;

Ripple dropped by 2.8% and costs $0.36;

EOS decreased by 0.67%, and its price is $2.83;

Litecoin added 1.25%, and its value is $39;

Cardano lost 3.18%, and its cost is $0.048;

Stellar fell by 1.42% and costs $0.12;

IOTA dropped by 4.61%, and its rate is $0.35;

Dash lost 2.02%, and its price is $83;

Monero became more expensive by 0.63% and costs $54.

Over the past 24 hours, Ethereum lost 3.79%. The exchange rate of the coin is $150.

The total market capitalization rose to $135 billion. Bitcoin accounts for 51.8% of the total volume. In monetary terms, it is $70 billion.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/  

80% of Galaxy Digital’s Shares: Mike Novogratz Has Faith In Happy Future Of Crypto

The CEO and founder of Galaxy Digital Capital Management, Mike Novogratz, announced that he had purchased more than 7 million shares of his company for CAD 7.42 million, that is nearly 5.5 million dollars. This acquisition made Novogratz the owner of 80% of the stocks of the Galaxy Digital Holdings Ltd.

This action suggests that Novogratz is absolutely confident in happy future of crypto and will not give up on it, even though the second part of 2018 was a heinous period for digital coins.

Let us remind you that Novogratz’s company suffered heavy losses in Q1 of 2018, when crypto started to fall down slowly. However, billionaire investor stated that he was “proud” of the company, as it had overcome many difficulties. His positive way of thinking brought mixed financial results of Q2 and Q3 against the downfall of the cryptocurrencies value.

We also need to recall the predictions of Bitcoin price made by Mike Novogratz. In September, he assured everyone that Bitcoin had reached the “bottom” ($6400)  and there would be no way down later. Later, in November, he stated that the price of the world’s first cryptocurrency would exceed $10 thousand by the end of the year.

Unfortunately, most of his predictions did not come true, but this fact does not kill his hope in bright future of the cryptocurrency.

We remind you

Cryptocurrency Rate Dynamics 2018

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/