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Hack Attacks Towards Ethereum On The Rise As Price Struggles To Climb Above $90

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After dropping to a yearly low of $82, Ethereum (ETH) managed to regain its traction and experienced a short-term corrective rally that pushed the price to the current one of $89, but the hack attacks seem to be on the rise again according to the latest ethereum news.

According to a tech magazine ZDNet another wave of hack attacks seems to be on the rise again after a research done by the monitoring company Bad Packets LLC revealed that the price drop didn’t stop malicious individuals or groups to from stealing from miners and investors.

Hackers are working intensely to identify mining rigs and wallets by scanning the network which will lead them to gain control and redirect the funds to other places.

The Bad Packets co-founder commented:

 “Despite the price of cryptocurrency crashing into the gutter, free money is still free, even if it’s pennies a day.’’

The phenomenon of scanning the ethereum network was first discussed in June this year after one operation managed to obtain $20 million in ETH. Other incidents include joining different groups and parties to separate the crypto holders from their valuable assets.

This year is possibly one of the worst years for cryptojacking or hack attacks which multiple companies monitor as well. Hackers tried to command the devices that mine in order to steal cryptocurrency. The monitoring companies noted a 500 percent increase this year only.

Many new users don’t recognize this threat and many don’t understand it which is even a bigger potential of crypto jacking.

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Ethereum News

NBA Team Launches Ethereum-Powered Vinyl Toys

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NBA Team Sacramento Kings partnered with CryptoJaiju and will now start offering Ethereum-based vinyl toys. The fans will be able to purchase them in the upcoming 2019/2020 as we are about to see more in the ETH news today.This comes as no surprise since the team has been named as the most innovative company in sports by ‘’Most Tech-Savvy Team of 2016’’ Sports Techie and by Fast company as well. According to the official press release, the 100 vinyl collectible figurines will be powered by Ethereum and each today will be assigned a non-fungible token that ensures that no two Kaijus are the same. 15 out of 100 toys will have non-fungible tokens that reveal some unique experiences or prizes for the fans including courtside seats, VIP tours and signed merchandise from the NBA Team. The fans will also gain the opportunity to obtain these limited-edition toys from November which is when the team will start hosting monthly interactive scavenger hunts for the upcoming seasons.The Sacramento Kings Chief Technology Officer Ryan Montoya said that his team saw that using blockchain technology will bring more benefits to the team’s fans and will also outline the ability of the team to deliver innovative products and content to the fans. Earlier this month, the team collaborated with the entertainment-centric blockchain startup Blockparty in order to implement a free blockchain rewards system in the NBA predictive gaming application ‘’Call the Shot.’’ According to a press release, the fans of the NBA Team will accumulate blockchain-driven tokens that will be used to redeem prizes and unique events including signed merchandise and courtside tickers. As said by the team CEO Vivek Randive:
 “We have only just begun to see the benefits of blockchain technology as it transforms the way business is conducted worldwide, ensuring secure transactions across multiple sectors and customers.”
While the Kings still harness cryptocurrency-related technology, there is also an important facet of this announcement that the toys will be backed by Ethereum. Their user of ETH confirms that the trend the large companies are adopting blockchain technology and make their businesses successful by reducing friction and to also offer fresh products to their clientele.
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Ethereum News

Crypto Advocate McAfee Argues For The Importance Of Stablecoins

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The American entrepreneur and staunch crypto advocate McAfee (John McAfee) has recently argued for the importance of stablecoins for decentralized exchange (DEX) adoption. As the latest crypto news show, McAfee made his claims and arguments in a tweet that he posted on October 20.https://twitter.com/officialmcafee/status/1185900360222818304?s=20As the crypto advocate noted in the video, there is one main obstacle to crypto-fiat conversions - and how the use of a decentralized exchange poses for the users.
“What’s the main issue with decentralized exchanges? It’s how do you get your fiat currencies in and out? [...] very difficult, since no information is collected on a decentralized exchange, no name, no address, no social security number, no email, nothing,” he noted.
The crypto advocate McAfee also outlined a vision for a reality in which national fiat currencies become increasingly irrelevant and a plurality of cryptocurrencies are sufficient to meeting the individuals' needs. He said:
“Imagine a world six months from now, a year from now, two years from now, where fiat currency is diminishing in importance, you can only buy houses and cars and shoes with crypto, with Bitcoin and Monero and Ethereum and others [...] soon we’ll have the ability to acquire everything that we need with crypto.”
Then, the crypto advocate McAfee proceeded and qualified his vision by proposing that - in the interim - stablecoins such as DAI can help and reduce the need for DEX users to be concerned about fiat withdrawals.The DAI concept, as he noted, is programmed via smart contracts to never lose dollar parity by more than one percentage point - regardless of the situation on the cryptocurrency markets.
“Imagine getting your currency out [of a DEX] in DAI, it’s always going to be worth a dollar.”
As we previously reported in our ETH news, the crypto advocate McAfee launched the McAfee DEX earlier this month. This is intended to be a decentralized and distributed trading platform which entails no Know Your Customer (KYC) checks and does not block any jurisdictions.https://twitter.com/saidipth/status/1180501917341863938Any ETH-based token (ERC-20 standard) such as DAI can be added without any fee to the beta version and with more unspecified tokens to be supported in the future. At the time of its launch, McAfee also argued in favor of DEX's by underscoring that the crypto community faces the question of whether its aspirations are limited to expanding the possibilities for pure speculation - "all about money" - or are about an ideal and namely freedom.
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Ethereum News

Tron And Ethereum Casino Play Royal Secures Content Supplier Via Betsoft

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The Tron and Ethereum crypto casino Play Royal has made a new partnership for content supply with the award-winning casino games maker-Betsoft. In the Ethereum news today we find out more about the partnership.The casino games developer Betsoft has signed the partnership with Play Royal which is mostly and Ethereum-powered crypto casino and became of the few mainstream game makers to expand into blockchain-based gambling. Betsoft is not exactly new in the area as it has previously signed another partnership with other companies form the crypto gaming sector. The company also made a partnership with Casino Gran Madrid, WeAreCasino and Wanabelt.In the meantime, PlyRoyal is powered by both Tron and Ethereum which are both popular cryptocurrencies used on other crypto gaming projects. BitCasino.io added Tron earlier this year as well but before than another gaming portal, TRONUP launched a 1,000,000 TRX promotion. Betsoft Gaming’s Francesca Raniolo who is the sales executive for the company commented on the occasion:
‘’WE ARE VERY EXCITED TO ANNOUNCE OUR PARTNERSHIP WITH PLAY ROYAL, ONE OF THE WORLD’S LEADING CRYPTO CASINOS.WE PRIDE OURSELVES ON DEVELOPING INNOVATIVE, EXCITING CINEMATIC CONTENT THAT APPEALS TO A WIDE RANGE OF PLAYER TYPES, AND THIS IS WHAT ATTRACTED PLAY ROYAL TO OUR GAMES. BETSOFT GAMING LOOKS FORWARD TO A GREAT PARTNERSHIP.’’
Also, Play Royal’s CEO Tony Campbell has also welcomed the new addition of Betsfot and said that they as a team are extremely impressed with the quality of the innovative games of the platform.  Betsoft has many reasons to feel proud of the recent developments since the company was nominated for the EGR B2B awards in innovation and it secured first-place in RNG Casino Software Category. The company also received praise for the work on one of the latest additions to its portfolio and the game stands by virtue of the multi-player shoot’em up the experience by bringing the casino gaming experience closer to an authentic video game. Betsoft has had a good October with the company releasing Cashen’s Arrival which is a Chinese-themed game and the game offers an entirely new experience where the players can multiply their bet up to 35,000x times and free spins as well.
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Ethereum News

Ethereum Name Service (ENS) Adds Multicoin Support To Wallets

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The popular distributed naming system Ethereum Name Service (ENS) is in the crypto news today for announcing the launch of its multicoin support. Even 15 cryptocurrency wallets are planning to utilize this new feature.First unveiled in a Medium post published on October 17, the service will allow enthusiasts to use one ENS name for all of their cryptocurrency wallets. It is noted that the ENS user interface right now supports only Ether (ETH), Bitcoin (BTC), Litecoin (LTC) and Ethereum Classic (ETC) addresses and not all of the endcodings.Still, the post promises that the functionality of the Ethereum Name Service (ENS) will be expanded in the coming weeks.
"ENS for Ethereum addresses was already supported by 12 wallets; with the addition of new wallets committing to support ENS because of the new multi-coin feature, the total number is now 24,"the blog post reads.
As the developers noted, this "cements ENS’s place as the most widely adopted blockchain-based naming service by a wide margin." They also recommend getting an ENS name if you want a blockchain-based name for your cryptocurrency with the widest support in the ecosystem.Some of the names of the wallets committed to integrate this feature of Ethereum Name Service (ENS) include D’CENT Wallet, Coinbase Wallet, Bitcoin.com, Opera, TrustWallet, imToken, Portis, MyCrypto, Haven, Atomic Wallet, Squarelink, Coin Request, DexWallet, Enjin and Wyre.https://youtu.be/Bgiu2gtuzaIThe team also plans to integrate the new DNS namespace and support addresses like .org, .com, and others. The functionality has already been implemented for domains such as .xyz, .luxe, .kred and .art, according to the announcement.The Ethereum Name Service (ENS) intends to roll out support for all DNSSEC-enabled top-level domains in the near future, too - the latest Ethereum news show.For those of you who are new to the concept, ENS is basically "an Internet naming service built with smart-contracts on the Ethereum blockchain, providing naming for the blockchain ecosystem and far beyond" as the Medium post defines it.However, it is also a key component for the emerging decentralized web. Managed by a non-profit organization which spun out of the Ethereum Foundation, the Ethereum Name Service (ENS) seeks to bring the blockchain benefits of decentralization, security and censorship-resistance to the Internet's naming infrastructure. 
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