Dadiani Syndicate’s Client Aims to Acquire 25% of All Bitcoin Supply, Telegram Officially Releases TON Testnet Blockchain Lite Client, & Other News

Top Five Stories from The Last Week


China's Latest Crypto Rankings: EOS Retains Top Spot, Bitcoin in 12th Place What happened? China updated its cryptocurrency rankings — with EOS retaining the top spot and bitcoin moving up three places. Despite its dominance in the crypto industry overall, bitcoin was in 12th place. While it scored well for creativity, it placed behind EOS in the score for basic technology. What are the top five? Joining EOS in the top five was TRX, ether, steem and ontology. Read more here.  Cryptocurrency Broker Client Reportedly Aims to Acquire 25% of All Bitcoin Supply What happened? Digital currency investment firm Dadiani Syndicate has reportedly been approached by a wealthy client to buy as close to 25% of the bitcoin supply as possible. Why did they do that? The firm's founder Eleesa Dadiani reportedly claimed: "One of our clients approached us and said they were interested in acquiring 25% of all bitcoin currently available. There are a number of entities who want to dominate the market." Read more here. Telegram Officially Releases TON Testnet Blockchain Lite Client What is this all about? Encrypted instant messaging service Telegram has officially released a test client for its Telegram Open Network (TON). How does it work? The development is a simplified stable version of the Lite Client. Apart from the Lite Client itself, users can also install a configuration file for smart contract development, which connects the Lite Client to a special server.   Details here. Computer Researcher Finds Wallet Vulnerability That Gave Same Key to Multiple Users What happened? Online cryptocurrency paper wallet creator WalletGenerator.net previously ran on code that caused private key/public key pairs to be issued to multiple users. The vulnerability was described in an official blog post by security research Harry Denley of MyCrypto. Why did this happen? According to the post, the bad code was in effect since August 2018 and was only recently patched out as of May 23. The live code on the website is reportedly supposed to be open source and audited on GitHub, but there were differences detected between the two. After researching the live code, Denley concluded that the keys were deterministically generated on the live version of the website, not randomly. Read more here. Major Bitcoin Accumulation Was Underway by Big Money During Crypto Winter, Analysts Say What is this all about? The number of wallets holding between 1,000 and 10,000 bitcoin has seen a sharp increase since the crypto market bottomed this winter, indicating significant accumulation during the price dip, according to Diar's analysis. What is this based on? The analysis focuses on so-called "Firm Size" bitcoin wallet addresses — defined as those holding between 1,000 and 10,000 BTC — and notes that such addresses now own over 26% of circulating supply, or $36 billion worth of BTC. Details here.                                                                                       Prefer video instead of text? Check out our latest Hodler's Digest Want to change how you receive these emails? You can update your preferences or unsubscribe from this list. COINTELEGRAPH LIMITED · Shelton Street, Covent Garden · London