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The Ethereum hard fork is postponed!

Jan 16, 2019

On January 15, the price of ETH returned under the psychological support level of $120. The inability of buyers to grow and, as a result, to break through a resistance level of $135, increases the risk of resuming a more powerful descending movement.

Fundamental factors also indicate a potential further decline in ETH in the short term. In this case, we are talking about the transfer of hard fork Ethereum Constantinople. It could happen on January, 21 but because of the identified critical error, its activation was postponed indefinitely.

The vulnerability identified in EIP-1283, an audit company ChainSecurity, allows hackers to steal user tools. It has already been called the “reentry attack”, as it allows an attacker to enter the same function many times and constantly withdraw funds. EIP 128 changes the gas price (the price that users pay to complete transactions or smart contracts) for some situations. The decision to postpone the launch of the Ethereum hard fork Constantinople, for an indefinite period, was shared at a video conference.

Vitaly Buterin, Afri Shoedon, release manager of Parity as well as developers Evan Van Ness, Nick Jones and Hudson Jameson came to the general decision that it is impossible to eliminate this vulnerability, before the announced date. Earlier, Ethereum developers focused on the need to activate the hard forks of Constantinople as quickly as possible.

Therefore, its delay can put pressure on the ETH.

Regulated Currency Exchange

Currency.com is a licensed Bitcoin exchange by the decree “On the development of digital economy”. The launch of this exchange was announced by the Belarus High-Tech Park (HTP). At the initial stage, about 150 tokenized assets for stocks, indices and commodities will be available for traders, tied to the base market value of traditional financial assets.

Viktor Prokopenya, the initiator of the project, emphasized that Currency.com “is more about tokenized securities than about cryptocurrencies.”

Access to trading is open not only to Belarus’ citizens but also to other states. At the same time, US citizens cannot trade on Currency.com due to national bans. It is a unique exchange because it allows to buy and sell tokens for cryptocurrency (BTC and ETH), as well as for fiat money (USD, EUR, BYN, and RUR).

Since this exchange is licensed, it will not work with anonymous cryptocurrencies, such as Monero, Dash and ZCash.

Issues of cryptocurrency exchange Cryptopia

The New Zealand cryptocurrency exchange Cryptopia reported significant losses that forced the management to temporarily suspend work. There were several attacks on this exchange and, as a result, the attackers managed to withdraw significant amounts of funds.

At the end of 2018, a 51% attack on AurumCoin led to the subsequent withdrawal of about $ 500,000. Moreover, in the network appear information that Cryptopia lost its banking services. The next attack on this exchange may significantly reduce users’ trust.

Such incidents have a negative impact on the cryptocurrency market in general. Regular information about successful attempts at hacker attacks, hacks, and so on, continues to obstruct massive capital inflows of large institutional investors.

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