Top Crypto News Of The Week in 5 Minutes

Blockchain and crypto world is full of innovations, assumptions and sometimes wildly wrong predictions. If you’ve missed the top stories of this week, this post provides a comprehensive look at the top crypto news that made headlines. A lot has happened in the cryptocurrency and blockchain world. Here is a quick round-up of this week’s related stories you may have missed:

Ledger Announces New Wallet

Ledger has announced its new hardware wallet to handle cryptocurrencies. The Ledger Nano X is a Bluetooth wallet, which indicates that people will be ready to transfer and accept tokens from the phone. The Ledger Nano X hardware wallet also combines Bluetooth connectivity and allows users to securely execute activities and monitor balances through the new Ledger Live Mobile app.

The new device was uncovered during the Consumer Electronics Show which was held in Las Vegas on Jan 6. As it looks, Ledger is recognizing the reality that mobile phones are overhauling workstations. Now, desktop and laptop computers are being utilized less with people adopting smartphones.

Ethereum Classic (ETC) is Under 51% Attack?

Coinbase discovered a deep chain reorganization of the Ethereum Classic blockchain that involved a double spend. After this, the Coinbase also discovered 8 extra reorganizations that involved double spends, figuring 88,500 ETC (~$460,000). An anonymous person basically rolled back and changed transactions on the network. In reply, some exchanges have stopped transactions in the crypto asset, while others are demanding deeper recognition times to dodge being gamed while concocting trades.

Mark Nesbitt, a security engineer unveiled that Ethereum Classic’s Proof of Work system, which operates on the ETHash algorithm, had befallen offering to “repeated” block “reorgs,” implying that an anonymous intruder [group] led to modify blockchain transactions frequently in current memory.

TenX President Dr. Julian Hosp Steps Down

The president and co-founder of TenX, Dr. Julian Hosp, has decided to quit the company, according to a moving video posted to YouTube after his resignation, Hosp said that while designing TenX’s artifice for the upcoming year, it “became clear to us as founders that the only way forward is to mutually part ways, and that means I will be stepping down as the president of TenX.”

TenX is a cryptocurrency platform that consists of a wallet, real debit card, bank account, ATM passage. The main benefit of TenX is that it has a 0% fee. However, one needs to pay fees for physical and virtual cards, and there are dispensing limits. To use the TenX platform, one needs to download the TenX wallet, which is available as a mobile app from the Play Store, or as desktop software from TenX.tech.

Euro Exim Bank to Start Using Ripple’s XRP

Euro Exim Bank, a London based bank principally centered on giving economic services for export and import firms will start using Ripple’s XRP cryptocurrency for cross-border payments. Ripple announced that bank has adopted XRP and Ripple’s xRapid software as a solution to the liquidity and perceptibility dilemmas that occur in transmitting funds across the world.

Ripple further announced that 13 new business organizations have engaged for the company’s payment network, RippleNet. The firms such as Euro Exim Bank, SendFriend, JNFX, FTCS, Ahli Bank of Kuwait, Transpaygo, BFC Bahrain, ConnectPay, GMT, WorldCom Finance, Olympia Trust Company, Pontual/USEND, and Rendimento. With these enhancements, there are presently more than 200 clients signed up for RippleNet.

Will the Ethereum Fork Cause Another Bullrun?

Ethereum is about to encounter a decrease in issuance of new $ETH to miners from 3 ETH/block to 2 ETH/block, or a reduction of 33%. It will occur at block 7,080,000 as a component of the Constantinople hard fork, which is expected to be January 16th. The question is will the Ethereum fork cause another Bullrun?

Constantinople is the title of Ethereum’s next hard fork system upgrade. It is a member of the multi-step course towards Serenity, which executes advanced rules such as Proof of Stake. On December 6th, 2018, the Ethereum core developers decided to continue with Constantinople, which will be realized at block 7,080,000. With a normal block time of ~14.5 seconds, that sets the expected date of the Constantinople hard fork at January 16th, 2019. There is no requirement to think much about this update as this fork will occur with the software upgrade, there will be remarkable adaptability quandaries, and the mining nodes demand to be modernized and improved.

Disclaimer: This information should not be interpreted as an endorsement of any cryptocurrency. It is not a recommendation to trade. The crypto market is full of surprises and overhyped assets. Do your research before buying anything. Do not invest more than you can afford to lose.