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Parity comes clean on $160 million Ether freeze

The development team behind Parity’s Ethereum software has released new information on the critical code fault that caused $160m worth of Ether to be frozen. At the present time, there is no immediate solution to allow those affected to regain access to their funds. The Parity team has acknowledged that the situation has caused distress and anxiety for the wider community, and especially those involved and that they are working on a solution to the problem. The post [https://paritytech.io/blog/security-is-a-process-a-postmortem-on-the-parity-multi-sig-library-self-destruct.html] has stated that there is currently no set timeline for the release of the frozen Ether. The current consensus is that...

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Ethereum improves while Bitcoin struggles

The whole of the cryptocurrency world is currently fussing over recent events regarding Bitcoin, and rightly so. The price drop of $1,000 per BTC and the pulled release of the planned SegWit2x hardfork has kept Bitcoin firmly in the public eye. In the meantime however, Ethereum has been making slow and steady improvements and growing its own network. Ethereum, the second largest cryptocurrency, has seen an increase in usage recently as the ICO world grows and the new ERC20 and ERC223 tokens were born. The Ethereum Foundation recently published a report that indicated the network had processed around 44% more...

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Bug discovery leads to $150m worth of Ethereum being 'frozen'

It's feared that over $150m worth of Ethereum may have been irretrievably frozen after a bug in a digital Ether wallet was triggered. The bug – hidden in code written by Parity Technologies – is thought to have been triggered by a developer who was looking through the code and searching for ways in which to exploit it. In doing so, he inadvertently became the joint owner of hundreds of Ether wallets and, when he tried to reverse his mistake, the original owners found that they no longer had access to their share of the cryptocurrency. Who is affected? Parity...

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3 strategies for Altcoin investment

When people first enter the world of cryptocurrencies, the chances are they would have been drawn to Bitcoin. This is understandable as it is the premier name that people recognise and also, certainly at present, the one that appears most stable in terms of price action. When you have been in the market a while though, you may feel like moving into other areas, which is where Altcoins come in. What are Altcoins? Altcoins simply refer to the many, many different cryptocurrencies out there that aren't Bitcoin. It is just a shortened version of 'Alternative Coin' which sums up its...

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Will a large an unintended Hard fork disrupt the Ico as we know it?

A wise man once said it's the unknown unknowns that crash markets. So how would an unexpected hard fork recreating the code affect the current landscape of Erc20 Tokens in the ICO market? Will it be good, bad or indifferent? Speculation of a sudden upgrade basically a code rewrite similar to the highly publicized DAO is rumored to be a possible outcome of the "accidental" delete of the code library that corresponds with a large well known ICOS wallets. One possible solution Some developers believe that the EIP is the solution. So what is the EIP exactly? According to GitHub...

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