Latest Code News

  • Ripple Aims to Become the Amazon of the Cryptocurrency World
    Ripple Aims to Become the Amazon of the Cryptocurrency World
    Ripple is working to explore new use cases for its blockchain network. The much-debated blockchain firm Ripple is now planning to expand its use case far beyond just streamlining cross-border payments in partnership with national and international banks. Ripple had focused its efforts solely on cross-border payments for the past five years when Brad Garlinhouse joined the company as the chief executive officer. Despite their unprecedented success as a software solution provider to financial entities, Ripple has seemingly come to a realization that the company’s core value still lies in the associated cryptocurrency XRP and the Ripple blockchain. While the company had mostly worked with banks and directly funded millions to blockchain and cryptocurrency startups, it is now taking a step back and revising its growth strategy. According to a Financial Times report, Ethan Bear, the head of Ripple’s developer efforts said that they were moving from “writing cheques to writing code,” implying that the company was planning to go big on promoting the creation of new applications on the Ripple network. Showing optimism about the move to make their blockchain platform equally worthy as the highly-rated cryptocurrency, Garlinghouse said they wanted to make Ripple the Amazon of the cryptocurrency world: “Amazon started as a bookseller and just sold books.
  • Down to the Wire: Yam Finance Saved at the Last Minute
    Down to the Wire: Yam Finance Saved at the Last Minute
    Catastrophe has been narrowly averted by YAM Finance after the DeFi community rallied in support of a campaign to recapture governance over the protocol. After a tense day, the most talked about new decentralized finance (DeFi) protocol YAM Finance has overcome a near-catastrophic code error.  The future of Yam Finance was abruptly thrown into question earlier today when a bug in the protocol’s code resulted in excessive YAM reserves being minted — rendering it “impossible to take any future governance actions.” The project quickly asked for community support, offering rewards to YAM miners and token-holders who were willing to pledge their tokens toward a pool of 160,000 coins to recapture governance over the protocol before the 7am UTC deadline, allowing just seven hours to save the project. A late surge of support saw YAM surpass its target with just 90 minutes to spare. DeFi community unites to save YAM While Yam’s outlook appeared bleak, when only one-third of the required tokens had been contributed two hours into the campaign, widespread efforts from across the DeFi community quickly rallied strong support for the protocol. The support included efforts by CoinGecko, Synthetix, and Curve Finance to encourage contributions to Yam’s campaign, while numerous “benevolent YAM whales” farmed YAM on Uniswap to bolster the number of tokens allocated towards recapturing governance.
  • Five Hours to Failure: The ‘Save Yam’ Proposal Is Falling Short
    Five Hours to Failure: The ‘Save Yam’ Proposal Is Falling Short
    A Yam Finance code flaw saw the project ask investors to pledge to save the platform.
  • OKCoin’s Fourth Developer Grant Recipient Brings Total Grants to Over $500K
    OKCoin’s Fourth Developer Grant Recipient Brings Total Grants to Over $500K
    OKCoin developer grants total over $500,000 with the latest grant going to Bitcoin’s most active contributor since 2017. Crypto exchange OKCoin has continued to support Bitcoin (BTC) Core developers with a fourth grant being awarded to Bitcoin’s most active contributor since 2017, Marco Falke for an undisclosed six-figure sum.  This grant brings the total amount provided as part of the company’s Independent Developer Grant to over $500,000. OKCoin believes that funding open-source development of the Bitcoin network is critical to the growth of the entire crypto ecosystem.  CEO Hong Fang said, “Supporting Marco’s work on strengthening the testing framework in addition to his general responsibilities as a maintainer is important to continuing quality development.”  Crucial development This grant will allow Falke to focus on modularizing the Bitcoin Core code, ensuring that the code is clearly segmented in order for developers to have a targeted focus.
  • OKCoin Exchange  Awards Grant to One of Bitcoin Core’s Most Active Developers
    OKCoin Exchange Awards Grant to One of Bitcoin Core’s Most Active Developers
    The grant from OKCoin will allow Bitcoin developer Marco Falke to continue the maintenance work he's done since 2016, like reviewing proposed code changes.
  • Cardano ‘Dwarfs’ Tezos After Shelley Hard Fork, Says Security Auditor
    Cardano ‘Dwarfs’ Tezos After Shelley Hard Fork, Says Security Auditor
    According to a leading blockchain security auditing firm, Cardano will become the second biggest proof-of-stake platform behind Ethereum, dwarfing Tezos. Quantstamp, a company that has been auditing Cardano’s (ADA) code base for the past two months, believes that after the Shelley hard fork, Cardano will trail only Ethereum (ETH) as a smart contract platform, dwarfing its arch-rival Tezos (XTZ). Cardano’s code base “one of the best” Quantstamp CEO Richard Ma told Cointelegraph that in his opinion, Cardano has some of the best code in all of the blockchain space.
  • Ripple-Backed Startup Proposing Major Changes to XRP Ledger – Here’s What They Will Do
    Ripple-Backed Startup Proposing Major Changes to XRP Ledger – Here’s What They Will Do
    Ripple-backed development studio, XRPL Labs, is currently in the process of developing code that will offer flexible ways to add business logic to transactions on the XRP Ledger.
  • Ethereum 2.0: Closer Than Ever, Still Plenty of Work to Do
    Ethereum 2.0: Closer Than Ever, Still Plenty of Work to Do
    Five years later, Ethereum is still chugging along as a decentralized platform for self-executing code.
  • Tech's Antitrust Issues Flare Up on Both Sides of the New ‘Cold War,’ Report
    Tech's Antitrust Issues Flare Up on Both Sides of the New ‘Cold War,’ Report
    At the request of the People’s Bank of China, Beijing could soon probe its digital payments monopolies, sources claim. Days after the CEOs of the world’s top tech firms faced antitrust hearings in the United States Congress, sources are alleging that Beijing too could soon probe its own digital monopolies.  A Reuters report published on July 31 cites anonymous sources who claim the People’s Bank of China has formally recommended that the State Council’s antitrust committee launch a probe into the activities of digital payments titans Alipay and WeChat Pay. The central bank has allegedly argued that both have used their ascendant position to stifle any possible competition in the field of digital payments.  If approved, an antitrust probe could be imminent China’s mobile banking sector processed roughly 56.2 trillion yuan ($8 trillion) in transactions in the last three months of 2019, according to Analysys statistics cited by Reuters.  Analysys estimates that AliPay, run by Alibaba affiliate Ant Group, and Tencent’s fintech business (largely WeChat Pay) occupy 55% and 39% of the country’s mobile banking market respectively. One of Reuters’ unnamed sources has said the PBoC formally recommended the State Council committee to investigate possible antitrust issues within the second quarter of 2020. Probe could throw cold water on Ant’s IPO plans The report notes that PBoC has already taken measures to erode the market dominance of both by announcing plans to standardize the interoperability of QR code payments in a bid to ease the entrance of smaller actors into the market. Should a formal antitrust investigation be launched, the news could be a blow for Ant Group’s highly-anticipated dual listing in Shanghai and Hong Kong, where it seeks an initial public offering at a valuation of a reported $200 billion. Following the central bank’s recommendation, the State Council antitrust has already been collecting information on bot
  • South Korea Finalizes Cryptocurrency Income Tax of 20%
    South Korea Finalizes Cryptocurrency Income Tax of 20%
    South Korea has finalized a new 20% tax rate for income generated from crypto trading. The South Korean government has announced a 20% tax rate for income generated from cryptocurrency trading. Following a Tax Development Review Committee meeting on July 22, the Ministry of Economy and Finance published its revised tax code detailing the new rules.  In a section headed, “Taxation on Virtual Asset Transaction Income,” the ministry introduced the new rules with a note that at present, both personal (resident and non-resident) and foreign corporations’ virtual assets are non-taxable.  The government states that introducing taxation for virtual assets is now necessary, pointing to the approach taken by other countries, where cryptocurrencies are already taxed under similar regimes for income from stocks and derivatives trading. What the new crypto tax rules stipulate Under the new framework, gains made from virtual currencies and intangible assets will be classified as taxable income, calculated annually.
  • New Standard to Avoid Ethreum Contract Size Limitation Developed
    New Standard to Avoid Ethreum Contract Size Limitation Developed
    Programmer suggests a standardized proxy contract will solve the Ethereum contract size limitation. As Ethereum contracts can hit the maximum contract size limit of 24KB when there are too many functions and too much code, a new standard has been developed to help combat it.  Programmer Nick Mudge revealed in his blog post on July 10 that although Vitalik Buterin’s insistence on using “proxy contracts” could be the potential solution to the limitations, a standardized proxy contract called Diamond Standard he created could be the icing on the cake.
  • Nexo Finance Accused of Being Behind Zeus Capital and Chainlink Short
    Nexo Finance Accused of Being Behind Zeus Capital and Chainlink Short
    Twitter users accuse Nexo Finance of being behind Zeus Capital, the firm who wanted to short Chainlink. Nexo Finance has been accused of being behind the suspicious asset management firm that sought to short Chainlink (LINK) after social media users saw Zeus Capital’s source code pointing to its website.  Twitter users found a connection between Zeus Capital, who days ago called Link “crypto’s Wirecard,” and Nexo Finance on the Zeus Capital website.
  • Bancor Invites Bounty Hunters to Peek Into Its Code Ahead of V2 Launch
    Bancor Invites Bounty Hunters to Peek Into Its Code Ahead of V2 Launch
    Bancor V2 is getting ready for release as it publishes both the code of its smart contracts and a bug bounty for researchers to report vulnerabilities. As the launch of Bancor V2 draws close, the team is inviting the community to take a look at its code and report any vulnerabilities they may find. On Friday, the project released the code for the Bancor V2 smart contracts, which feature a variety of improvements that help both the users and liquidity providers of the protocol. At the same time Bancor is also launching a bug bounty program to incentivize the community to find bugs ahead of the launch.  While third party audits are also ongoing, the bounty ensures that the maximum number of eyes has taken a look at the code to search for vulnerabilities.
  • ConsenSys Accused of Stealing Payment Startup’s Code for Rival Service
    ConsenSys Accused of Stealing Payment Startup’s Code for Rival Service
    BlockCrushr claims investor ConsenSys abused its position of trust to gain access to its source code and create an alternative offering.
  • Binance to Remove In-App Audio Recording Feature in Next Update
    Binance to Remove In-App Audio Recording Feature in Next Update
    Top cryptocurrency exchange Binance has reviewed its Android app code following spyware concerns. Binance will remove the ability to record audio from its Android app in the upcoming update scheduled for “mid-July”, cryptocurrency exchange CEO Changpeng Zhao, also known as CZ,  told Cointelegraph.  Binance App will allegedly drop the microphone permission The company’s privacy-oriented move follows spyware concerns raised by crypto community members last week.
  • Shipping Giants Piloting Blockchain to Improve Efficiency
    Shipping Giants Piloting Blockchain to Improve Efficiency
    The Port of Rotterdam, along with global shipping giants, launches blockchain pilot to improve container handling’s safety and efficiency.   The Port of Rotterdam in the Netherlands has launched a blockchain-based pilot with some of the world's leading shipping companies to improve the safety and efficiency of millions of containers that are unloaded in the port every year, according to a release from the port on July 9. Secure Container Release, the new blockchain application is reportedly to replace the traditional PIN code with a digital signal.
  • Islanders Demand Return of ‘.IO’ Domain From Colonizers
    Islanders Demand Return of ‘.IO’ Domain From Colonizers
    The ‘.io’ domain name has become part of a complaint against the UK for alleged human rights violations tied to its continuing administration of territories in the Indian Ocean. The popular ‘.io’ domain name has become part of a complaint against the United Kingdom for  alleged human rights violations tied to its continuing administration of territories in the Indian Ocean.  Sales of the ‘.io’ domain name are being contested as a part of a complaint filed by former islanders of the Chagos Archipelago, which has been at the center of a territorial dispute between Mauritius, a former British colony, and the UK since the 1980s.  Now highly popular with numerous crypto, blockchain and other tech companies — not to mention various scams — ‘.io’ was formally the country code top-level domain (ccTLD) designation for “Indian Ocean.” Despite this, the domain name was acquired on the open market in the late 1990s by a UK-based firm, Internet Computer Bureau (ICB).  The UK government receives an undisclosed share of revenue from sales of .io, in what the complaint claims is part of its ongoing colonial expropriation of the economic property and livelihood of the former islanders: “The ccTLD .IO rights are a valuable property and generate millions of dollars in fees for ICB annually.
  • Vitalik Buterin creates digital art on Ethereum platform Cryptograph
    Vitalik Buterin creates digital art on Ethereum platform Cryptograph
    Ethereum-based digital art tokens by prominent crypto icons are going up for auction—and they have charity baked into their code.
  • Bad Ravencoin Code Allows Attackers to Generate Coins Without Mining
    Bad Ravencoin Code Allows Attackers to Generate Coins Without Mining
    “The vulnerability does not allow the stealing of RVN or assets that you own and control, but the minting did create RVN that should not exist,” said developer Tron Black.