Forex-News has been the world leading economy news website since 2005. It has been a joyful path full of changing variables in this changing world. During the last three years we have also covered some of the most important news regarding Bitcoin and other cryptocurrencies. Wherever the news are, we are there.
, Ethereum blockchain suffered an unintended hard fork, Forex-News, Forex-News
Ethereum Classic

Ethereum blockchain suffered an unintended hard fork

, Ethereum blockchain suffered an unintended hard fork, Forex-News, Forex-News

, Ethereum blockchain suffered an unintended hard fork, Forex-News, Forex-News

The Ethereum (ETH) network today suffered what appears to be an unintended hard fork after reports of outages and irregularities emerged at infrastructure providers Infura and Blockchair.

Ethereum split for a moment

The Ethereum blockchain suffered a temporary hard fork earlier today as a result of a bug that had been partially fixed.

The issue was reported by three major third-party service providers, Infura, Binance, and Blockchair around 5am (EST).

According to Péter Szilágyi, team leader at the Ethereum Foundation, the bug was inactive for two years.

“At some point, the Ethereum developers introduced a code change that today led to a chain split starting at block 11234873 (07:08 UTC)”, said Nikita Zhavoronkov, lead developer of Blockchair, on Twitter.

During the incident Binance decided to pause Ethereum withdrawals and Changpeng Zhao reported on Twitter that “there was a possible hard fork of the Ethereum Blockchain at block 11234873”.

However, the most affected has been Infura since, when it fell, many of the services, such as the MetaMask wallet and the Coinbase Wallet, could not connect to the Ethereum Blockchain.

The error generated a lot of chaos in the crypto community and, above all, because there was no information about it.

Blockchain is the key to sustainable digital finance

Today a new report was published by the World Economic Forum where it is pointed out that Blockchain represents a central element of sustainable digital finance.

“We believe that sustainable digital finance will play an essential role in efficiently channeling this capital to drive innovation, growth and job creation … while supporting the transition to a sustainable low-carbon economy”, says the report.

However, the report does not look directly at crypto. In fact, the support directed towards Blockchain technology is a twist on criticism directed at Bitcoin.

KuCoin recovers stolen crypto funds

Crypto exchange KuCoin recovered 84% of the crypto funds that were stolen in September.

Johnny Lyu, CEO of KuCoin, pointed on Twitter that “so far, 84% of affected crypto assets have been recovered through approaches such as chain tracking, contract update and judicial recovery.”

It is worth remembering that the hack of the crypto exchange occurred on September 26. Likewise, the crypto exchange claims to know who stole the money and is working hand in hand with the police.

$ 360 million in crypto BTC tokenized on Ethereum

The slowdown in interest that DeFi generates in the crypto community was not an impediment in October for USD 360 million to be tokenized on the Ethereum blockchain in October.

As we reported today in CryptoTrend, according to Dune Analytics, only during the month of October 360 million dollars in Bitcoin were tokenized in Ethereum.

However, a slowdown was observed when compared to last month where USD 737 million in Ethereum entered.

Ray Dalio: Crypto BTC will be declared illegal by governments

Ray Dalio, a billionaire investor, spoke about crypto during an interview with Yahoo Finance.

Specifically Dalio explained the terrible crypto investment that Bitcoin represents; He assured that eventually governments will ban crypto and, in addition, Bitcoin is too volatile.

However, it seems that Dalio’s criticism of Bitcoin or crypto dates back to 2019 when there was little knowledge about cryptocurrencies. At the moment we have not seen a government that has been able to ban Bitcoin 100% and, in fact, that is its crypto appeal.

In a few lines …

  • The crypto market capitalization reached an annual high of $ 465 billion.
  • Celsius doubled its cryptocurrency reserves to $ 2.2 billion
  • China Construction Bank, one of the largest banks in the country, today launched digital bonds that can be bought for Bitcoin, The Wall Street Journal reported.

, Ethereum blockchain suffered an unintended hard fork, Forex-News, Forex-News

Get real time updates directly on you device, subscribe now.

, Ethereum blockchain suffered an unintended hard fork, Forex-News, Forex-News

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More