- The 20th iteration of Bitcoin Core, the open source software powering the Bitcoin blockchain, was released Wednesday.
- Experimental software called “Asmap” was included to protect against a theoretical “Erebus” attack.
- An Erebus attack allows nation-states and/or large internet providers such as Amazon Web Services to spy, double-spend or censor bitcoin transactions.
- The patch would help thwart an attack but is not a conclusive fix.
Bitcoin Core released a new software update Wednesday, Bitcoin Core 0.20.0. Notably, the release includes experimental software to hedge against attacks from players the size of nation-states, which could effectively fracture the Bitcoin network.
Called “Asmap,” this new configuration protects the peer-to-peer architecture of bitcoin nodes by mapping connections to Tier 1 or larger Tier 2 Autonomous Systems (AS) – internet operators capable of connecting to multiple networks with defined routing plans such as Amazon Web Services or states – and then “limiting the connections made to any single [AS].”
In essence, the so-called “Erebus” attack allows an AS to censor large swaths of the Bitcoin network by limiting and then spoofing peer-to-peer (P2P) connections. Failure to address the flaw could lead to highly undesirable consequences for Bitcoin such as a major mining pool or exchange being cut off from the rest of the network.
An Erebus attack was first hypothesized by researchers at the National University of Singapore (NUS) – Muoi Tran, Inho Choi, Gi Jun Moon, Anh V. Vu and Min Suk Kang – who co-authored a 2019 paper detailing the attack.
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by Sara Sneath, The Times-Picayune and The Advocate ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published. As the Bayou Bridge Pipeline was under construction in 2018, Anne White Hat ventured deep into the Atchafalaya Swamp in St. Martin Parish to protest it. St. Martin is one of 11 parishes crossed by the pipeline, which brings crude oil from Texas to refineries in Louisiana. Though White Hat had permission to be there from some of the more than 100 people who jointly own the tract where she held her protest, she didn’t have permission from all. She was arrested on two felony counts related to trespassing. She posted a $21,000 bond and was released. Two years later, the district attorney still hasn’t decided whether to proceed with the charges: two counts of unauthorized entry of a critical infrastructure. The maximum penalty is five years in prison, with the possibility of hard labor and a fine of up to $1,000. Get Our Top Investigations Subscribe to the Big…Feb 8, 2020
The Dow Jones Industrial Average (DJIA) surged on Monday. Chinese President Xi will speak at the WHO annual conference today, while 100 countries call for an investigation into the Covid-19 outbreak. Federal Reserve chairman Powell pledges to support the economy with “no limit.” The stock market opened with a deafening bang on Monday, and the Dow Jones Industrial Average exploded to its biggest gain in a month. It comes as China faces a global reckoning over the country’s role in the coronavirus outbreak. President Xi Jinping will speak today at the World Health Organization (WHO) annual conference. But he may receive a frosty welcome as 100 countries are now calling for an official investigation. President Trump, Australia, and the European Union are among the loudest voices demanding answers from China. Beijing is expected to welcome an investigation, but only if it is led by the WHO itself. China’s English-language newspaper, Global Times, with close ties to the Chinese Communist Party, wrote: Will China oppose scientific research into the virus’ origin? No… [but] It should be led by WHO rather than any…May 19, 2020
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Referring to the recent Sydney bush fires, Greta Thunberg called for political action. Thunberg blamed climate change for the fires. Her claims were quickly debunked by a climate change denier. Nine News Sydney tweeted on Saturday about the Australian wildfires that have been ravaging their grasslands over the last few months. This drew a response from the young Greta Thunberg, who has been carrying the climate change baton after she came into the limelight for her speech at the United Nations. Thunberg’s call for political action went viral and even forced Australian Prime Minister, Scott Morrison to comment on it. Morrison wasn’t too pleased with the criticism and soon after reporters questioned him about Thunberg’s tweet, he said: We’ll do in Australia what we think is right for Australia, I’m not here to try and impress people overseas. Her tweet also drew a response from the experienced environmentalist and climate change denier Patrick Moore. Moore pointed out that Thunberg’s tweet is deceptive and factually inaccurate. He explained there’s no direct correlation between the increase in carbon dioxide levels in the…Dec 26, 2019
BitMEX, one of the world’s biggest crypto derivatives exchanges, is still struggling to recover from a major market sell-off that followed the Black Thursday crash in March. According to an April 21 report by crypto analytics firm Coin Metrics, BitMEX has continued losing in both open interest and volume for Bitcoin (BTC) futures since last month’s historic market crash. At the same time, Binance’s Bitcoin futures trading arm, Binance Futures, has been increasingly gaining momentum, the report said. This data comes from Coin Metrics’ 47th “State of the Network” report, devoted to understanding the impact of the Black Thursday on crypto markets. Binance Futures now tops BTC futures markets by trading volume According to Coin Metrics, Binance Futures has emerged as the biggest winner of the futures market since the Black Thursday, and data from Skew on April 21 confirms it. As of press time, Binance is reporting $2.8 billion in 24-hour Bitcoin futures volumes, against BitMEX’s $2.1 billion and Huobi’s $2.46 billion. 24-hour trading volumes for BTC futures on major exchanges. Source: Skew.com BitMEX’s futures market share of open…Apr 21, 2020
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