Hacker Returns Ethereum Domains Lost in Bug Exploit

The domain names stolen from the Ethereum Name Service’s (ENS) auction have been returned. As CoinDesk reported at the time, the ENS bidding process managed by digital-collectibles marketplace OpenSea was exploited, allowing a hacker to nab 17 domain names for lower bids than other users placed. ENS and OpenSea asked the hacker to return the domain names, promising compensation for finding the bug. An alternative to Web 2.0’s centralized domain name servers (DNS) system, ENS is built on top of the ethereum blockchain to leverage its immutability and decentralized properties.…

DTCC Pushes Back Blockchain Project to Avoid Brexit Complications

The Depository Trust & Clearing Corporation (DTCC) has pushed back the release of its blockchain-based post-trade system for derivatives by several months, in part because of complications created by Brexit.  The official line from the U.S. central securities depository (CSD) is that the delay, which has not been previously reported, is to allow for additional testing of the revamped trade information warehouse (TIW).  A spokesperson for the DTCC told CoinDesk: “The project is progressing well. DLT and cloud development have been completed and we continue to conduct in-depth industry-wide testing with…

300cubits, a Blockchain Shipping Pioneer, Gives up on Its TEU Token

300cubits, an early innovator in using blockchain for international container shipping, has pulled the plug on its TEU token, citing lack of business. “The transaction volume through the system have been far from commercial,” the company wrote in a Sept. 30 statement. “Only a couple hundred containers have gone through the system, which, although may seems plenty among the shipping blockchain projects, is not sufficient to keep the system going commercially.” The TEU – a play on Twenty-foot Equivalent Unit, the standard unit of measure in container shipping – was…

PayPal Withdraws From Facebook-Led Libra Crypto Project

PayPal has withdrawn from the Libra Association, the company announced Friday. A PayPal spokesperson told CoinDesk in a statement that the payments firm “made the decision to forgo further participation” in the Facebook-initiated crypto project, to instead “continue to focus on advancing our existing mission and business priorities as we strive to democratize access to financial services for underserved populations.” The statement continued: “We remain supportive of Libra’s aspirations and look forward to continued dialogue on ways to work together in the future. Facebook has been a longstanding and valued…

Ethereum Is Useless — Bitcoin Price Could Hit $100K in 2023

After an incredibly disappointing year in 2018, Bitcoin woke from hibernation in early April 2019 and rallied with vengeance toward a yearly all-time high at $13,800. Alas, all good things must come to an end and such was the case for Bitcoin as price became overextended and began to retrace.  Bitcoin’s current malaise in the $7,800 to $8,500 range has produced a variety of price estimates on where the digital asset might go as the 2020 Bitcoin halving event approaches. This week Cointelegraph spoke to veteran trader and Bitcoin expert…

Redditor Spots Imposter Website for Trezor Bitcoin Wallet

A Redditor has apparently spotted an imposter website for Bitcoin (BTC) hardware wallet Trezor. “Imposter site trying to steal your Bitcoin” On Oct. 4, Reddit user castorfromtheva posted about the website, stating that they conducted a test to confirm that it was not genuine. They said: “I just made a little ‘typo’ test and entered ‘tezor[dot]io’ where I obviously left out the ‘r’. I was instantly redirected to a site called https://trezor[dot]run/start/ which is not the original trezor site (the correct size is http://trezor.io respectively https://trezor.io/start/).” The Reddit user said…

Research Claims EOS Network Can Freeze, Block.one Denies Any Errors

Within the past few weeks, EOS blockchain protocol users have been experiencing periodic problems with network access. A recent article written by pseudonymous smart-contract developer and security engineer Dexaran described the apparent root of the problem: an inexpensive technique that allows hackers to “congest” the network — or put it into a low-efficiency mode — with just a few dollar’s worth of EOS. Seemingly, that exploit allowed a hacker to steal more than $110,000 in cryptocurrency from an EOS gambling application, EOSPlay, earlier in September. However, executives of EOS’s parent…