Key Facts Of The Day 03.12.2018

Blockchain Bug at Neo Allows to Steal Crypto

Cybersecurity experts have discovered a vulnerability in the NEO client, with which attackers can steal cryptocurrency from user wallets. Clients were assured that their funds are safe. The vulnerability was discovered by Tencent employees in the NEO-CLI client.

As reported by Blockmanity, users are in the risk zone when they start the node on the network with a standard configuration. All operators of nodes in the NEO blockchain and GAS holders were advised to update clients and not to use remote procedure calls.

The founder of the NEO cryptocurrency startup, Eric Zhang stated that the vulnerability does not threaten regular users since for its operation the RPC function must be activated in the NEO-CLI client, the access to which is excluded for such users.

Petro’s Price Increases 150% After Maduro’s Order

Last week, the president of Venezuela, Nicolas Maduro announced that his so-called national “cryptocurrency” Petro should gain more than 150% in value starting December 1, which is above the national fiat currency of the sovereign bolivar, Bloomberg reports.

“The price for the Petro cryptocurrency will rise from 3,600 sovereign bolivars [Bs.s] to 9,000,” he said. The monthly minimum income has also raised from 1,800 to 4,500 sovereign bolivars.

In August this year Maduro pegged the price of Petro to the new sovereign bolivar and has set the size of the new minimum wage in the country to be half the Petro, that is, 1.8 thousand bolivars, or 180 million old bolivars. “Each Petro, as the anchor point of the sovereign bolívar, will have a value of 3,600 Bs.s,” he said back then.

Dogecoin Creator Helps Twitter, Scares XRP Scam Bots Away

It looks like it takes a serious turn and XRP literally becomes superfluous, at least in the life of the Dogecoin creator. As a result of aggressive community policies and a variety of accounts promoting XRP (XRP/USD) on Twitter, Jackson Palmer has published an open source Python-written tool that automatically blocks Twitter XRP accounts, disabling the ability to mention users when they use XRP Away™.

This doesn’t mean that users will lose the ability to send messages related to XRP, but profiles that explicitly promote this cryptocurrency will automatically be moved to the list of blocked accounts.

“Only blocks based on name, handle or bio. Not tweet content,” Palmer specified later.

Palmer’s initiative to fight XRP crypto scam bots on Twitter is not the first one. Earlier in September, Dogecoin creator was urged by Elon Musk to help clean the social media from arising a number of spam ETH accounts.

What Else:

Twenty-six French companies and five major banks completed a trial of the KYC (Know-Your-Customer) application built on the Corda blockchain platform.

The G20 association that includes countries with major advanced and emerging economies have called for the taxation of cryptocurrency and crypto regulation on order to combat money laundering.

Regulatory uncertainty in Britain’s blockchain sector is mentioned as one of the biggest concerns for distributed ledger technology firms in the country.

Japanese crypto exchange BitTrade closes its trading system. Customers are asked to re-open accounts on the exchange and pass verification.

At 18:20 (GMT) total cryptocurrency market capitalization stands at $126.1 billion

Decentraland (+6.49%) showed the best growth in the top-100

Market Dynamics

The trading volume of cryptocurrencies for 24 hours reached $13.98 (-2.86 billion per day)

Mining Profitability

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