CryptoDay News is a hub that gathers crypto, blockchain and finance related news to one place. This is our daily pick up of most interesting tidings right now.
1. Ethereum hard fork
The Ethereum is about to get two upgrades to its blockchain. Upgrades are going to take place any time now at block number – 7,280,000. Countdown link.
Thenextweb:
Ethereum is forking again – here’s what you need to know (read the full article)
by YESSI BELLO PEREZ
The basics
A ‘network upgrade’ is essentially a change to the underlying Ethereum protocol, which will create new rules in a bid to improve the system.
...Constantinople and St Petersburg
The main thing you need to bear in mind is that, in this instance, Constantinople is the main change to the network.
CoinDesk:
Constantinople Incoming: Tomorrow’s Two Ethereum Hard Forks Explained
by Christine Kim
2. Coinomi Wallet Vulnerability
Coinomi user was recently hacked and $60,000+ in Crypto Allegedly stolen. The case is a bit of mystery. User found a flow in Coinomi wallet. Desktop wallet sent user's passphrase to google spell check. Can you believe it? Coinomi says that the passphrase was sent through SSH so only Google could encrypt it. Coinomi also says that it was not cached or stored, since it was flagged as bad requests by the servers. If I were Google I would store bad request also because that's the way to find issues. Read more about this case from news sites above.
Cointelegraph:
Coinomi Wallet Addresses Vulnerability Concerns
By Adrian Zmudzinski
Cryptoslate:
Security Consultant Reveals Coinomi Wallet Vulnerability, $60,000+ in Crypto Allegedly Hacked
By Eduardo Argueta
Ivan on Tech also made video about the Coinomi hack. You can watch it here:
3. Global Economy Bottomed Out?
Bloomberg:
The Global Economy May Have Bottomed Out Already, Goldman Says
By Malcolm Scott
-Bank’s current activity indicator in February is slightly up
-Jamie Dimon says doesn’t see a recession but remains wary
"Some green shoots are emerging that suggest that sequential growth will pick up from here," Hatzius and Sven Jari Stehn wrote in a note dated Feb. 26. Still, the risk to Goldman’s global GDP forecast of 3.5 percent for 2019 "is probably still on the downside."
On markets, Goldman:
- remains positive on risk assets, although upside is now probably lower as markets have become "more sanguine on recession"
- expects bond yields to rise
- maintains a bearish dollar view, given a dovish Fed and expectation for a pickup in global growth
- is modestly bullish on oil over the next 2-3 months, but sees a more bearish outlook for the remainder of the year