Tag: Ethereum

Ethereum Extends Impressive Run, up 35% in 1 Week

CRYPTO WORLD
Ethereum chart

In the past week, Ethereum, the second most valuable cryptocurrency in the global market, has experienced a strong upward movement, recording an additional three percent increase in value on the day. Within seven days, the Ethereum price has increased from $117 to $159, by over 35 percent against the U.S. dollar, making it one of the best performing crypto assets throughout the past two months. Can the Constantinople Fork Effect Continue to Fuel Ethereum? Analysts have attributed the positive price movement of Ethereum to its upcoming Constantinople hard fork. The…

Read More

Vulnerability on Ethereum enables malicious GAS Minting

CRYPTO WORLD
GasToken

A newly discovered vulnerability on Ethereum allowing for malicious GasToken Minting was found. The development team already acknowledged the issue and informed most of the affected users on November 13, 2018, via private disclosure. The Attack Crypto exchanges usually allow the withdrawal of Ethereum to arbitrary addresses with no gas usage limit; since this executes a fall back function, attackers can use this to make exchanges pay for arbitrary computation, allowing them to force exchanges to burn their own Ethereum on high transaction costs. Moreover, this even gives attackers the…

Read More