News Feb 15, 2019

The most important news of the cryptoindustry

1. Western Union tests Ripple technology ENG

Western Union began testing cross-border transfers based on XRP cryptocurrency.

According to Molly Shi, senior vice president of Western Union Digital, the company is trying to remain competitive and as efficient as possible. Moreover, employees of the company admit the possibility that the future of the industry will be cryptocurrencies oriented.  

“When you think about cryptocurrencies, the first thing that comes to mind is that you need to be ready for their takeoff. We need to be prepared for this from a technological point of view, ”she shares her thoughts. “We must constantly identify trends that customers are paying attention to and ensure that they are ready to meet their needs.”


2. New vulnerability of Constantinople hard fork

According to Trustnodes, another vulnerability was discovered in the Ethereum network in a hard fork. This vulnerability affects some smart contracts with a self-destruct function. The Create2 function is able to replace a self-destruct contract, changing the rules so it could potentially lead to loss of funds. The forthcoming removal of the bug should not affect the launch date of the Constantinople hard fork, which is scheduled for February 26-28.

It is worth mentioning that in the middle of last month, the Ethereum network upgrade was also postponed due to the EIP-1283 vulnerability, which could enable fraudsters to steal users’ funds.


3. Huobi US launched new trading pairs

The US division of Huobi launched trading pairs with a dollar (USD), which was reported on the company’s website. Now verified users can trade Bitcoin, Ethereum and USDT paired with the US dollar. Support for this function has been implemented through the partnership of with the Prime Trust escrow-service.  thanks to which users can deposit/withdraw funds in fiat currency, starting from $100.


4. Twitter CEO Jack Dorsey Believes in Bitcoin

Jack Dorsey, CEO of Twitter and Square, reiterated his position regarding Bitcoin, saying that the only cryptocurrency he owns is BTC. Bitcoin is resilient. Bitcoin is principled. Bitcoin is native to internet ideals. And it’s a great brand,” – wrote Jack. He mentioned that Bitcoin has every chance of becoming the number 1 Internet currency. According to him, “it (Bitcoin) has the greatest chance of being the Internet’s native currency. If you think of the internet as you would a country, that’s huge.”


5. Gram Could Be Worth $29.5 Billion

By the end of 2019, the cryptocurrency Gram from the creators of Telegram can reach a market capitalization of $29.5 billion, which will bring considerable income to its investors.

The Bell declares that the forecasts made by Hash Crypto Investment Bank said that “the rational cost” of a single Gram is $5.9.  This price is 4,4 times higher than the price investors paid during the second round of the ICO.

The TON  blockchain platform allows solving problems associated with the use of a variety of terms, including “infinite sharding” and “hypercube routing”.



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