Waves, a decentralized blockchain platform focusing on custom blockchain tokens operations, has announced the launch of an ether gateway within the lite client.
The implementation of the ether gateway follows the launch of bitcoin, USD and EUR gateways. The gateway will enable users to store ETH and trade it against other tokens on the DEX.
“We’re really pleased to add another gateway to the Waves client,” comments Sasha Ivanov, Waves CEO. “Ethereum is the foremost blockchain platform after bitcoin itself, and it’s important to be able to offer users the opportunity to trade ETH on a decentralised exchange. In due course we’ll be adding more coin gateways, broadening our appeal and allowing not only trading but Waves crowdsales that collect a whole range of cryptocurrencies directly.”
More at: Blockchain tokens platform Waves launches ether gateway – EconoTimes
Parity, a UK-based VC backed company founded by Ethereum co-founder Dr. Gavin Wood, on Wednesday issued a security alert stating that it has identified a vulnerability in Parity Wallet’s variant of the standard multi-sig contract.
“Any user with assets in a multi-sig wallet created in Parity Wallet prior to 19/07/17 23:14:56 CEST,” were affected, Parity said.
According to data from Etherscan.io, 150,000 ETH (approximately $30 million) have been stolen so far, CoinDesk reported. The vulnerability was mitigated and white hackers were able to recover 377,000 ethers that were potentially vulnerable to the problem.
Parity said that the issue resulted from a bug in a specific multi-sig contract known as wallet.sol. It touted the severity of the bug as “critical” and urged affected users to “Immediately move assets contained in the multi-sig wallet to a secure address”.
More at: Hackers exploit bug to steal $30M in ether from Parity multisig wallet – EconoTimes
Launching Next Week, Aims To Resolve Token Sale Problems
In the middle of the hype around initial coin offerings — the fundraising phenomenon that has raised $1.2 billion in crowdsales this year for new projects, many of them little more than white papers — there are serious entrepreneurs focused on building transformative technology.
Their vision is usually of a decentralized internet dubbed Web 3.0. While it’s not entirely clear what this next-generation web will look like or whether it will actually come to fruition — the early days of the internet were full of idealistic visions of peer-to-peer communication, and now everyone talks to each other on centralized platforms like Google, Facebook and iMessage — one emerging hypothesis is that one of the earliest pieces of it to be built will be a decentralized infrastructure layer.
One prime example of infrastructure is data storage, which has several projects competing to take on the likes of Amazon Web Services — all of them doing so with a native cryptocurrency or token that incentivizes each actor in the network to engage in various acts such as offering storage on the network or paying for disk space.
One of the most anticipated of these, Filecoin, launches its token sale, which features some innovative design choices, next Thursday, July 27 –
“The amount of storage that is out there that is not in use is enormous,” says Juan Benet, founder of Protocol Labs,
More at: Filecoin ICO Release next week – Solving token sale issues – Ethereum World News
Late last year, the Illinois Department of Innovation & Technology announced plans to bring together state and local agencies on pilots to explore blockchain technology. Now, the Illinois Blockchain Initiative (IBI) is moving ahead on five use cases to determine how industry and government can work together to improve government services.
The use cases involve using blockchain to secure land title registries, validate academic credentials, register health providers, create a marketplace for energy credits and secure vital records. To build support for the projects, the IBI is taking a three-prong approach: light-touch regulation, community building through education and outreach, and the integration of the technology through use cases.
“With this three-prong approach, we have a strategy where we are cognizant of some of the barriers to entry, but we are providing regulatory support to ensure that we are building out a community for the technology that can translate into commercial purposes,” Jennifer O’Rourke, business liaison for the IBI, told GCN.
More at: Illinois blockchain pilots take shape – GCN
Open source blockchain groups are growing as more healthcare organizations show interest in the technology to securely exchange clinical data.
July 19, 2017 – Enterprise Ethereum Alliance (EEA) announced that 34 more organizations have joined its group to help develop an open source blockchain standard.
New members include Cisco, Talkcrypto.org, Technical University of Munich, and MadHive. EEA seeks to bring standardized open source blockchain to all major industries, including healthcare.
Blockchain is the exchange of information between nodes (e.g., users, organizations) via a shared database. There is no regulation of a third party controlling the data through a single silo, leading to the creation of a trusted history of transactions between organizations sharing data.
More at: Open Source Blockchain Development Critical to Standardization – HIT Infrastructure
LSEG to start testing blockchain technology to make transactions smoother than before.
London’s Stock Exchange is set to start using blockchain to improve transparency for shareholding information among unlisted businesses.
According to a news report by CityAM, the London Stock Exchange Group (LSEG) will use IBM’s hyperledger tech to make info on private SMEs digital. The end goal is to draw more mature investors.
Borsa Italiana, the Italian stock exchange, will kick off the trial by conducting a small test using blockchain to hold a shared registry of shareholder transactions and records. Only issuers, investors and regulators (authorised personnel) will have access to it.
Even though the LSEG joined the Hyperledger project in 2015, together with IBM and a couple of other financial institutions, this is the first time it began testing the technology.
“We are testing the use of blockchain technology in a financial business network where data segregation and confidentiality is vital,” said chief operating officer and chief information officer of London Stock Exchange Group (LSEG), Chris Corrado.
More at: London Stock Exchange to start using blockchain – ITProPortal
On July 13, the Financial Industry Regulatory Authority (FINRA) held its Blockchain Symposium, which brought together regulators and industry leaders to discuss distributed ledger technology, also known as blockchain. A distributed ledger is a database that is synchronized across multiple sites and has potential uses including bitcoin and offerings of newly created coins in initial coin offerings (ICOs).
At the symposium, representatives of FINRA, SEC, CFTC, OCC and the Federal Reserve Board shared their perspectives on distributed ledger technology. As is customary, participants did not represent the formal positions of their agencies. However, they did share some helpful information on how matters presented to their agencies may be evaluated in the future.
Each speaker said their respective agency staffs continue to study applications of the technology and seek further information. When asked about ICOs, representatives of the SEC and CFTC confirmed that any coin should be evaluated based upon its individual characteristics to determine whether it is a security or commodity subject to regulation under federal securities or commodities laws.
More at: Corporate Law Alert – FINRA Holds Blockchain Symposium to Discuss Future of Distributed Ledger Technology – Lexology