Wednesday, January 16, 2019

Constantinople Delay / Cryptopia Hack / BBC News / Giga Watt

Subscribe | View in browser

$BTC (1:28 p.m. EST): $3,665.88 (-0.22%) // 90-day high: $6,860.85 // 90-day low: $3,286.14 / / More

$BCH ABC (1:28 p.m. EST): $130.01 (-0.28%) // 90-day high: $632.22// 90-day low: $80.95 // More

$ETH (1:29 p.m. EST): $124.46 (-2.45%) // 90-day high: $229.12 // 90-day low: $85.11 // More

$LTC (1:29 p.m. EST): $31.89 (-1.04%) // 90-day high: $54.64 // 90-day low: $22.09 // More

$XRP (1:29 p.m. EST): $0.33 (0.36%) // 90-day high: $0.53 // 90-day low: $0.28 // More

Here are the 10 most important stories about bitcoin and cryptocurrencies today

Facebook gray   Twitter gray   Email gray   Permalink gray

1. Developers have decided to delay the Constantinople upgrade to the ethereum network. The upgrade, which was scheduled for today, comes as the security audit company ChainSecurity discovered a security vulnerability on Tuesday. The bug could make contracts vulnerable to called a "re-entrancy attack," where a hacker could steal other people's ether. Constantinople is no stranger to delays. The upgrade was originally scheduled for last November, but was postponed due to bugs. A new date for the upgrade has yet to be decided. –MASHABLE

Constantinople upgrade put on hold again
Facebook gray   Twitter gray   Email gray   Permalink gray

2. Cryptopia, a New Zealand-based cryptocurrency exchange, was hacked. Thieves took between $2.5 million and $3.5 million worth of ether. The hack happened on Sunday, but the exchange did not alert users until Tuesday. While the exchange has not given the exact amount of the hack, the firm Hacken claims to have discovered a fraudulent transfer of 19,390 ether from the exchange's accounts during a maintenance period. –CRYPTO SLATE

Cryptopia exchange reports hack
Facebook gray   Twitter gray   Email gray   Permalink gray
Ad

Intelligence is creating stronger connections.

Today's world generates 2.5 quintillion bytes of data every day. Sifting through that much available information is hard. Micron is helping analyze that data to create stronger connections between AI, organizations, and most importantly, people.​​ Learn More.

3. Hackers have used a seemingly legitimate BBC News website to mine bitcoin. The scam, first identified last week, sent out emails that rerouted users to an affiliate website tasked with generating bitcoin based on page views. The links were disguised to look like BBC News sites, although a closer look would have revealed a key fact – all the articles referenced bitcoin or cryptocurrency. –THE NEXT WEB

Facebook gray   Twitter gray   Email gray   Permalink gray

4. Giga Watt has shut down day-to-day operations. The bankrupt bitcoin mining company sent an email to customers on Tuesday that said it had continued to operate for two months since filing for bankruptcy, but now no longer had access to its facilities. Users that had completed their know-your-customer verification will be able to withdraw any cryptocurrency remaining in their wallets until March. Giga Watt filed for bankruptcy in November that showed debts of more than $7 million, including more than $800,000 to electricity providers. –COINDESK

Giga Watt shuts down day-to-day operations
Facebook gray   Twitter gray   Email gray   Permalink gray
Ad

Meet monday.com - The #1 project management tool for teams! 


This tool simplifies the way teams work: You can manage, plan and track projects in one collaborative space.
monday.com is a super flexible tool. It's fun to work with and easy to use.

Start your free trial now!

5. For those that feel bitcoin is too risky an investment, consider this: lottery players spent more on tickets last year than the entire market cap of bitcoin. –BITCOINIST

6. Ford has launched a blockchain pilot with IBM to ensure the ethical sourcing of cobalt. –FORBES

7. An analyst argues that 2019 should be used to accumulate cryptocurrencies, as the coins will stage a recovery late in the year. –CCN

8. Bitcoin is 66 percent of the way to the next block halving, which is supposed to take place in May of 2020. –AMB CRYPTO

9. Despite being more than a decade old, bitcoin will not go mainstream until it is regulated. –CNN

10. A government district in South Korea plans to use blockchain for administrative transparency. –COIN TELEGRAPH

Facebook gray   Twitter gray   Email gray   Permalink gray

Written and curated by David Stegon. He has been a reporter for 15 years, the past 10 focused on technology. Follow him @davidstegon.

Editing team: Lon Harris (editor-in-chief at Inside.com, game-master at Screen Junkies), Krystle Vermes (Breaking news editor at Inside, B2B marketing news reporter, host of the "All Day Paranormal" podcast), and Susmita Baral (editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).

Facebook gray   Twitter gray   Email gray   Permalink gray
Copyright © 2019 Inside.com, All rights reserved.

Our mailing address is:
Inside.com
767 Bryant St. #203
San Francisco, CA 94107



Did someone forward this email to you? Head over to inside.com to get your very own free subscription!

You received this email because you subscribed to Inside Bitcoin. Click here to unsubscribe from Inside Bitcoin list or manage your subscriptions.