The company behind the fourth-largest crypto by market cap EOS, EOS.io has handed bug bounties and discovered five critical weak spots for this year according to the data from HackerOne that we are looking into in today’s altcoin news.
At the start of January, more than $40,700 was awarded to multiple white hack hackers that worked on the EOS.io platform and right after that, another researcher received a $10,000 bounty as well. Five of those bounties were equal to $10,000 each and this is reportedly the highest possible reward by this company that is given only for the most critical vulnerabilities found.
The company behind TRON also awarded four bounties since January and one of the found the most critical type of bug which cost the Tron Foundation $22,700 in total. Vulnerabilities were also discovered in other companies mainly by CobinHood and Coinbase for bugs that were found in lower vulnerability levels.
All of the critical spots reports show that the awarded bounties are undisclosed and the details are not available for the public. EOS has managed to keep its price stable and only lost about half a percent of its value in the past 24 hours and currently is trading at $2.40.
In December 2018, researchers were awarded by nearly $900,000 and EOS was one of the companies that paid the highest and was responsible for 60 percent of the bounties that were handed over.
China, on the other hand, has finally released its government-sponsored rankings of the top cryptocurrencies and according to the rankings EOS is at the top while Bitcoin was at number 15.
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“Rug pull senses tingling. I managed to make it here up in $BTC, up in $USD. Going to keep it that way – tethering ~75% of my $crypto holdings. Playing with the rest. Maybe I get left behind, but I don’t think so.”Despite Bitcoin's increased dominance which now sits at its all-time high of 54.2%, the technical perspectives show that the great altcoin boom on the market is likely to produce a boost - and that the future altcoin news may show us a lot of new capital and confidence from investors. However, this altcoin boom is only possible if Bitcoin sees a strong upside movement and stabilizes above the crucial resistance levels. Currently, the daily spot volume of BTC is at around $580 billion which is still a big up since the first week of March - and a good sign that the great altcoin boom may be around the corner.
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