MakerDAO Responds to Dev Accusing Network of $340M Vulnerabilty

The Maker Foundation has announced a series of governance polls aimed at security after software developer Micah Zoltu explained how any hacker with $20 million at their disposal could stage an attack on the MakerDAO network and steal close to $340 million.

In a Dec. 9 blog post, the Maker Foundation interim risk team announced a series of governance polls into its voting system, with one poll asking the Maker community whether the governance security module (GSM) should be upgraded from 0 seconds to

After Hard Fork, Ethereum Takes Second in China’s Blockchain Rankings

China’s state-backed tech workgroup has released its fifteenth blockchain technology assessment, in which it promoted Ethereum to second place after its recent hard fork.

The Center for Information and Industry Development (CCID) released the list on Dec. 6, ranking 35 assets in total.

In the latest rankings, EOS kept its top spot, Ethereum moved from third to second, trading places with Tron (TRX). Bitcoin’s (BTC) network is ranked ninth, while Ripple did not even make the top ten, coming in at 18th. 

<img width="420" height="554" alt="Top 20 blockchain networks per CCID’s 15th assessment" src="https://s3.cointelegraph.com/storage/uploads/view/cfa4e021d2282949

LedgerX Places Founders On Leave Following Public CFTC Woes

The board of directors of Ledger Holdings, Inc., parent company to LedgerX, announced that co-founders Paul and Juthica Chou have been placed on administrative leave, effective immediately.

In a Dec. 9 press release, the Bitcoin (BTC) derivatives exchange LedgerX explained that the two executives will be replaced by Larry E. Thompson as interim chief executive officer and lead director of Ledger Holdings. Thompson brings with him the experience of a 30-year career on Wall Street.

It remains unclear why

China’s Central Bank Uses Blockchain to Issue $2.8B Worth of Financial Bonds

The adoption rate of blockchain technology in China continues to impress as the People’s Bank of China (PBoC) has reportedly issued 20 billion yuan ($2.8 billion) in blockchain-based special financial bonds for small and micro enterprises.

According to local news outlet Sina Finance in early December, the funds are specifically used to issue loans to these Chinese small and micro-sized companies to support their continued development in the economy.

As of the end of September, the PBoC issued around 404 billion yuan ($57.7 billion) to 410,000 small and micro enterprise customers, represent

Ukraine Passes Law on Money Laundering With Crypto Policy Based on FATF

The Ukranian government has approved the final version of a money laundering law that will handle virtual assets and virtual asset service providers (VASPs) per FATF guidelines.

On Dec. 6, the Rada, Ukraine’s legislative body, published a final version of the law that considers virtual assets to be a store of wealth, while also recognizing its potential use in financial crimes, such as money laundering, fraud, and the financing of terrorists.

Applying verification to both sender and receiver

The new law includes some guidelines on how the government intends to

New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments

New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments

The Verkhovna Rada, Ukraine’s legislature, has approved amendments that introduce legal terms and definitions pertaining to the crypto space. The new legislation, which aims to transpose the FATF standards into national law, also identifies who is to take responsibility for the oversight of cryptocurrencies in the country.

Also read:

Ethereum Hard Fork Live, Stolen ETH Moved, ‘Hodlers Are Insane’: Hodler’s Digest, Dec. 2–8

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

Top Stories This Week

Ethereum completes Istanbul hard fork

It’s happened! Ethereum’s much-anticipated shift to Istanbul has been completed, and the system-wide update came into force when the network passed block #9069000 late on Saturday night. Vitalik Buterin claims capacity now has the potential to reach 3,000 transactions per second. Istanbul is designed to deliver interoperability with the privacy token Zcash and make it cheaper to use zero

Ethereum Istanbul Hard Fork Get Support From Major Crypto Exchanges

Following the successful Ethereum Istanbul hard fork update, several popular exchanges have announced their official support for the network upgrade.

Yesterday, on Dec. 7, the Ethereum’s network saw ample collaboration between node operators and miners to update the software to support the Istanbul hard fork.

Some crypto exchanges even sounded their willingness to update a few days prior to the scheduled hard fork.

A widely supported hard fork

Notably, Binance announced

Buy Presents or a Christmas Trip Using Gift Cards Purchased With Crypto

Buy Presents or a Christmas Trip Using Gift Cards Purchased With Crypto

Gift cards have become a popular payment tool for cryptocurrency users. Plenty of platforms now offer a wide variety of cards which can be purchased with your digital coins. You can use them to buy just about any product or service from major and small retailers, order food and drinks, or book a flight. And with the Christmas holidays approaching, don’t forget their main purpose is to make someone else happy.

Also read: <a href="https://news.bitcoin.com/these-debit-cards-will-h

EOS-Based Social Media Platform Voice Announces Beta Launch

Voice, the social media platform first unveiled by EOS creator Block.One in June, announced that it will launch in beta on Feb. 14 — Valentine’s Day — in 2020. Voice announced the beta launch date in a blog post published by the project on Dec. 5. The firm also promises that it will share its progress with the community as the development goes on. 

Voice also claims that thousands have already signed up to take part in its beta testing. The firm also admits that the initiative is still plagued by regulatory uncertainty and

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