Find me on Steemit: http://www.steemit.com/@heiditravels
Check out the new hardware wallet Ellipal HERE: https://order.ellipal.com/?ref=5c08236b8e68e
Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef
Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828d
LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW
Cryptopia Latest news: https://www.coindesk.com/new-zealand-police-keeping-open-mind-on-cryptopia-hack
Video on MimbleWimble and Grin: https://youtu.be/m2_wZUKJ9jE
GRIN Website: https://grin-tech.org/
GRIN Mining FAQ: https://www.grin-forum.org/t/grin-mining-faq-all-of-the-answers-to-your-mining-questions/71
GRIN Forums: https://www.grin-forum.org/c/mining
And another one bites the dust. This week the crypto exchange named Cryptopia experienced a hack that resulted in the loss of over $3 million worth of Ether coins and Centrality tokens.
Although Cryptopia responded pretty quickly at first by disabling the website and subsequently the trading being done on it, citing unplanned maintenance, it wasn’t until several hours later when Cryptopia’s official twitter account released the information that the centralized exchange had suffered a security breach which resulted in significant losses.
It’s been a few days now and still there is little to be known about this hack. They have since turned this situation over to the New Zealand police and therefore can no longer make updates that don’t first come from the investigators.
Cryptopia is an exchanged based in New Zealand that is perhaps best known for the plethora of alt coins that can be traded on it. One other aspect to this exchange that adds to its notoriety is its customer service, or lack thereof. Although this one has been around since 2014, the transparency of its security practices and decision making regarding the delisting of certain coins has most often left something to be desired. Perhaps the introduction of investigators will shed some light on the practices of this exchange that might confirm some of the FUD surrounding it, or perhaps it will bring relief to its traders that it follows legitimate security protocols.
In other news, which shouldn’t come as much of a surprise, Ethereum had scheduled their newest hard fork named Constantinople to occur today but shortly before it was set to take place a bug was identified that would have allowed malicious actors to manipulate some smart contracts into sending them additional Ether.
Since the discovery of that bug, this hard fork has been pushed back until sometime next week. Although it’s technically labeled a hardfork, some say it might be more appropriate to label this one as an update. Other changes that will come with the implementation of Constantinople is the decrease of block rewards from 3 ether down to 2 in an effort to reduce the inflation of the supply and address the volatility coming from miners selling the coins to cover their operational costs. Some might think this decrease will deincentivisze the miners and make it easier for a 51% attack to occur, but don’t forget that Ethereum’s future still working towards a Proof of Stake consensus. If miners wanted to take part in that, they’d be smart to continue mining and accumulate more coins to benefit from higher staking rewards.
Let’s end this one on a happy note shall we?
Grin has created its genesis block on January 15! So for those of you who have a knack for mining and you’d like to give this one a try, you can now mine GRIN coins, but beware, this is still very new so do so at your own risk. According to this article on Coindesk, only a day after the genesis block and there’s already a market forming for Grin coins on the decentralized exchange Bisq. There also seems to be one strategist trying to sell their Grin coin for 10 Bitcoin, good luck dude!I covered this one back in October because I was curious what mimblewimble would look like when applied to a cryptocurrency network. On January 15, that’s exactly what happened. If you’re not familiar with Grin, or the mimblewimble protocol, or why the heck it’s named that, go ahead and check out that video, I’ll include a link to it down in the video description as well as links to their website and public forums.