CRYPTOCURRENCY NEWS

Scam Alert Alleged Bitcoin investment scheme Ecoin Plus has disappeared and closed its website, leaving investors with nothing. Known variously as Ecoin Plus and empowercoin.com, the tool touted annual returns on submitted Bitcoin investments which increased according to how many coins were contributed. No information is available from developers, with the project keeping a low profile throughout its existence. “It would seem that Ecoin Plus doesn't want anyone to know who they are or what is really going on behind the scenes of this Bitcoin community,” a quasi "review" on news resource Players Money states. In a manner similar to assumed Ponzi scheme OneCoin , Ecoin Plus offered so-called “packages” with differing rates of return. Please do researc...

Ethereum experts have the chance to make a little extra pocket change this summer, as bug bounty hunting revs up with the network token release from Status. Users who have started using the Status Network Token (SNT) were encouraged to participate. Status, the messaging platform and mobile browser for the Ethereum network , offered a surprisingly large bounty for users who are able to find bugs in its smart contracts and software. The initiative, designed to help Status patch any remaining issues, began on June 14. Bug hunters were informed that major bugs would be rewarded with up to $25,000 in either Bitcoin or Ether, and in the case of critical level vulnerabilities, hunters could receive as much as $50,000. The company will use the OWASP risk assessment to determine the leve...

Ethereum is experiencing historic growth in terms of price and market capitalization . In less than three months, the price of Ether, the underlying cryptocurrency of Ethereum, has risen from around $50 to almost $400. Ethereum Classic, its parallel chain, has seen its underlying cryptocurrency ETC rise from about $2 to over $23, as at the time of writing. Like Bitcoin, like Ethereum Crypto Consultant President Jason Cassidy tells Cointelegraph that one of the reasons for the historic rise in the value of Ethereum is the fact that it has rebounded with conviction, having survived a contentious hard fork in 2016. This is similar to how Bitcoin has developed over the years. In 2011, Bitcoin suffered a major setback which saw the cryptocurrencies’ price decline by up to 94 percen...

ICO watch After the “very confusing” remark that trailed the way CoinMarketCap and Bitfinex presented the ICO of IOTA , which seems to be aiming for the micropayment purpose in a growing sharing economy, two Ethereum-based platforms are set to launch their crowdsale this week. So far, the Status and Civic projects’ planned ICOs seem to be looking good. Though Vinny Lingham’s Civic has already issued $33 mln worth of its token (CVC) eight days before its June 21 official offering schedule, Status is hitting the market for the first time. Civic’s ICO allows smaller buyers to buy up to 110 mln of the 330 mln allocated tokens ($0.10 each) - as the bigger buyers are only guaranteed up to 66 percent of the purchase order they have requested. On the other hand, Status’ open source mess...

Blockchain More Blockchain technology -based projects are being developed in response to the plethora of actors within creative industries. Domains such as art, music, publishing, theater and cinema require a multitude of middlemen that contractually benefit from the talent of individuals. Don and Alex Tapscott commented in the Harvard Business Review that middlemen in the creative industry take a cut of the revenues and “pass along the rest, with the leftovers typically reaching the artists themselves months later, per the terms of their contracts.” In response, several actors have launched their own companies within the existing industry model, though it is not an option viable for all. Smart contracts at work However, Blockchain-based platforms and programmable smart contracts promise increase...

Ethereum’s base purpose goes beyond the simple movement of value on a public, trustless ledger. Ethereum includes a Turing-complete programming language which allows it to do much more. The decentralized platform, through use of the Mist browser and other add-ons, is able to host entire websites and decentralized applications. Such extended features have mostly been the realm of desktop environment users, but Status aims to change that, billing itself as a // -- Discuss and ask questions in our community on Workplace . Don't have an account? Send Jonas Borchgrevink an email -- // “strategy toward mass adoption of Ethereum.” More Than A Messenger? It seems that, after money, the first thing people think to secure with blockchain cryptography is instant messaging. The sea of decentralized messaging applications is growing, and ultimately any new one added at this point in time is not going to stand out unless it does something incredibly novel. The ability to securely share loca...