The Crypto2Cash Chronicle: Constantinople, Coinomi and Bitcoin’s losing streak (February 28th)
Good morning! February is coming to an end. Here’s what we’re reading in the Crypto2Cash office on this final day of the month:
Ethereum hard fork incoming: Constantinople and St. Petersburg
Today Ethereum will activate the Constantinople and St. Petersburg upgrades, when block #7280000 is mined. Both upgrades will be implemented as a hard fork which means that they will not be compatible with previous versions. The biggest change will be noticed by miners, as the block reward issuance will decrease from 3 to 2. The progress of the hard fork can be monitored here. The block is expected to be mined at 19.15 UTC.
(Source: Coindesk)
Possible security breach at Coinomi
Cryptocurrency wallet Coinomi is involved in a security scandal after a cryptocurrency security consultant reportedly lost around 60.000 USD due to a security breach. The consultant describes he found out that password phrases were sent to a Google spell check API in an unsafe manner.
However there is some controversy surrounding the claim. As Coinomi states that they are being blackmailed by the consultant. The scandal unfolds as correspondence between Coinomi and the consultant has been posted on Twitter:
(Source: Cointelegraph and CCN)
Bitcoin price could end six month losing streak
With the Bitcoin price opening February on 3434 USD. This month could be first green month for Bitcoin since July 2018, as the price currently hovers around 3800 USD.
(Source: Coindesk)
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