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#Breaking News

Stellar Alert: 2.25 billion extra XLM were printed due to software glitch

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According to a report released by Messari, Stellar was affected by a glitch in the software which had led to 2.25 billion extra XLM to be printed in 2017.

According to a report released by Messari, a research company located in the New York, Stellar or XLM was affected by a glitch in the software which had led to 2.25 billion extra stellar tokens (XLM) to be printed in 2017 which valued at almost $10 million dollars at that particular time).

 

According to the report, the Stellar platform had faced an inflation bug in April 2017. The research firm told that they were always inspecting the supply of the top 50 cryptocurrencies according to market capitalization and while inspecting, they came to know about the inflation bug which was there in the software code of Stellar and was exploited by a hacker back in 2017.

 

No public announcement made by the Stellar team:

According to the researchers, the Stellar Development Foundation or SDF did not publically disclose the bug or the printing of the extra 2.5 million XLM tokens. The inflation bug was inside the “MergeOPFrame::doApply” function of the Stellar protocol due to which the total supply of XLM was increased by almost 25% back then.

 

The Stellar Development Foundation, on the other hand, had burnt the same amount of XLM tokens from the community reserve in order to counterbalance the inflation. Thus, the news agencies and other researchers were not able to notice the significant change in the supply.

 

What happened with the extra XLM?

It is not exactly known what happened with the extra printed 2.5 billion XLM tokens, the research firm is considering that the tokens were most probably transferred to a crypto exchange and sold during the bull market of 2017.

 

Response from Stellar Development Foundation:

The Stellar Development foundation reacted to the claims being made by Messari, stating that Stellar was a developing open source project that had a small dedicated team of developers. Therefore, the announcement of the inflation bug in their released notes made sense. SDF team stated that they had mentioned it twice in the release notes of the project and made it quite clear that the bug was exploited. Then, the team burnt the same amount of XLM tokens to balance the supply.

 

The SDF team also said that since then, there has not been any bug reported in the software, and if there was any bug, the team would be disclosing it in proper detailing as soon as it was mended. They added that they had also made an announcement a few weeks back in their roadmap of 2019 that they are already performing the total accounting of all XLM tokens by the year-end and the detailing around the inflation bug was and is going to be a portion of the same.

#Breaking News

Delist Bitcoin SV movement continues: Kraken, Bitforex onboard

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Kraken has confirmed that it will be delisting the Bitcoin SV. Bitforex is running a poll with those in favor of delisting BSV in the lead at the moment.

After Binance, Kraken has confirmed that it will be delisting the Bitcoin SV after running on a poll on twitter. It all started with Binance announcing that it is going to delist Bitcoin SV from its exchange on 22nd April stating that it no longer meets the standards of the exchange.

 

Kraken Delisting Bitcoin SV

Kaken ran a poll on twitter in which more than 70% of the people have voted against BSV and stated that it should be delisted from the exchange.


Soon after the poll ended Kraken, cryptocurrency exchange posted a tweet recently stating that it is going to delist the BSV coin soon from the exchange:

Bitforex looks to be delisting BSV soon:

The Bitforex exchange also looks to be following other industry giants in delisting the Bitcoin SV from their respective platforms. Bitforex is currently running a poll with those in favor of delisting BSV in the lead at the moment.


Currently, more than 57% of people are in favor of delisting BSV from Bitforex.

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#Breaking News

John Mcafee publically challenges Calvin Ayre: Files $800M Lawsuit

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John Mcafee has publically challenged Calvin Ayre, the biggest supporter of Bitcoin SV saying that he will sue Calvin for $800 million and bankrupt him.

John Mcafee, one of the most prominent people in the cryptocurrency space has publically challenged Calvin Ayre, the founder of CoinGeek and the biggest supporter of Bitcoin SV saying that he will sue Calvin for $800 million and bankrupt him.

 

John Mcafee files a lawsuit against Calvin Ayre

All the drama started when Craig Wright, the founder of Bitcoin SV who claims himself to be Satoshi Nakamoto, the founder of original bitcoin started to file lawsuits against people who claimed that he was not the real Satoshi Nakamoto. Many prominent people in the crypto space including the CEO of binance had posted their expressions against Craig Wright and his associate Calvin Ayre. Binance had also announced the delisted of his coin: Bitcoin SV from their exchange in the coming days.

 

John Mcafee, the founder of the Mcafee antivirus recently posted a tweet stating that he is suing Calvin Ayre for $800 million and will bankrupt him for wrongly stating that John mad committed murder. According to Mcafee, although it’s quite hard to file lawsuits in Cuba, he has traced the assets of Calvin Ayre in other countries which will help John to bankrupt him

 

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#Bitcoin SV

Bitcoin SV: Kraken also going to delist BSV?

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Kraken going to delist Bitcoin SV? The crypto exchange has posted a poll on twitter which reads "Should Kraken delist Bitcoin SV (BSV)?

Soon after Binance, one of the largest cryptocurrency exchanges announced the delisting of Bitcoin SV on 22nd April 2019, Kraken, which is also one of the prominent crypto exchanges has posted a poll on twitter which reads “Should Kraken delist Bitcoin SV (BSV)?. The current status of the poll currently stands at 77% votes for “Yes, it’s toxic and only 3% votes for “No, it’s awesome”.

 

Kraken Going to Delist Bitcoin SV?

Earlier today, Binance had posted a press release which stated that Bitcoin SV no longer meets the standards of the exchange and thus the coin shall be delisted from the platform on 22nd April 2019. This led to a massive crash in the price of BSV which is down by more than 9% in the last 24 hours, while other top cryptocurrencies are showing gains. Just a few hours back, Kraken (cryptocurrency exchange) posted a poll on Twitter asking for the advice of the community for delisting of Bitcoin SV from Kraken. Almost all of the votes are against BSV with people voting for “Yes, it’s toxic”.


Two days back, Anthony Pompliano, the co-founder of Morgan Creek Digital posted a tweet asking all cryptocurrency exchanges to delist BSV on 1st May 2019 in a sign of solidarity behind the only Bitcoin that ever mattered.


It all started after Craig Wright, the founder of Bitcoin SV started to threaten people and even filed lawsuits against some for stating that he is not Satoshi Nakamoto, the founder of bitcoin. Soon, a lot of prominent people including, Changpeng Zhao, the founder of Binance came forward to protest against Craig Wright.

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