Tag: Ethereum

Vitalik Buterin Proposes Ethereum Address Recovery Feature to Enhance Wallet Security

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Vitalik Buterin Proposes Ethereum Address Recovery Feature to Enhance Wallet Security

Vitalik Buterin, co-founder of Ethereum, recently suggested a feature that allows users to set Ethereum addresses as a recovery method for their wallets. This innovative approach aims to enhance security and user trust within the Ethereum ecosystem. How Could This Feature Enhance Security? The proposed recovery method could significantly improve the management of digital assets. By allowing users to recover access through Ethereum addresses, the risk of losing access to wallets is reduced. This could make Ethereum more appealing to both new and existing users. What are the benefits of…

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8% of Ethereum Supply Now Sitting in ETFs or Company Reserves

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8% of Ethereum Supply Now Sitting in ETFs or Company Reserves

Ethereum ETFs and strategic reserves now account for 7.98% of ETH’s total supply, according to data from Strategic ETH Reserve.xyz. This percentage has risen from about 3% as recently as the beginning of April, when no publicly listed company held any Ethereum as a reserve asset. Since then a wave of corporations have added ETH to their treasuries, helping the altcoin to rise from $1,800 in early April to its current price of $4,300. This includes firms such as Bitmine Immersion Tech, The Ether Machine and SharpLink Gaming, which respectively…

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Ethereum Extends Impressive Run, up 35% in 1 Week

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Ethereum chart

In the past week, Ethereum, the second most valuable cryptocurrency in the global market, has experienced a strong upward movement, recording an additional three percent increase in value on the day. Within seven days, the Ethereum price has increased from $117 to $159, by over 35 percent against the U.S. dollar, making it one of the best performing crypto assets throughout the past two months. Can the Constantinople Fork Effect Continue to Fuel Ethereum? Analysts have attributed the positive price movement of Ethereum to its upcoming Constantinople hard fork. The…

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Vulnerability on Ethereum enables malicious GAS Minting

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GasToken

A newly discovered vulnerability on Ethereum allowing for malicious GasToken Minting was found. The development team already acknowledged the issue and informed most of the affected users on November 13, 2018, via private disclosure. The Attack Crypto exchanges usually allow the withdrawal of Ethereum to arbitrary addresses with no gas usage limit; since this executes a fall back function, attackers can use this to make exchanges pay for arbitrary computation, allowing them to force exchanges to burn their own Ethereum on high transaction costs. Moreover, this even gives attackers the…

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