The Latest Bitcoin Bug Was So Bad, Developers Kept Its Full Details a Secret

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❏ This week's major bitcoin bug was even worse than developers led on – it could have been used to effectively print more bitcoin. ❏ CoinDesk

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Bermuda ‘sandbox’ welcomes blockchain and cryptocurrencies next

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Bermuda is establishing itself as a blockchain-friendly territory. Blockchain companies can now add Bermuda to their top choices for setting up shop. Last month, the self-governing British overseas territory released a paper on their insurance regulatory sandbox and innovation hub, where insurance entities can test out their products and services in a controlled environment for a limited amount of time. And now, this sandbox is extending to blockchain companies. David Burt, the Premier of Bermuda has issued some very enticing statements for interested start-ups. “What I would l would like to look at is Bermuda—we have innovation hubs around the world. I look at my entire country as an innovation hub,” Burt said. “We are the ideal place for companies that are looking to test out new age products and services—to have them in a constrained environment to see how they can work and then they can scale them up to service the rest of the world. That’s where we’re positioning Bermuda,” he...
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Bitcoin Cash holds on to gains, sets sights on $1,500

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Bitcoin ABC patches vulnerability in full-node client

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A very short while ago, Bitcoin ABC (the most popular client software for Bitcoin Cash) reported that a vulnerability within the node software had been identified, and that the necessary steps had already been taken to mitigate the issue. The incident allowed an attacker to form a malicious transaction, exploiting the vulnerability in the Bitcoin ABC client, potentially causing a split in the network. Bitcoin ABC nodes would have effectively mined the transaction into a block that all other implementations of the node software would reject, causing an unintended split. This has occurred twice in the history of bitcoin so far but to date no such incident has occurred on BCH. With respect to the mitigation actions taken by Bitcoin ABC, Stefan Matthews, CEO of BMG Operations (nChain’s affiliated mining business) states: “We are pleased that the Bitcoin ABC team responded to this software bug with an exemplary level of professionalism – by determining a rapid response strategy to eli...
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