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Visa Claims It Will Support More Stable Currencies in the Future

The price of Ethereum has been surging over the past few days largely due to the recent price jumps experienced by bitcoin, the world’s leading cryptocurrency by market cap. However, the Ethereum jump can also potentially be traced to a recent announcement made by payment processing company Visa that it would put much of its focus towards stable currencies in the coming months. Visa Is Making Stable Coins Mainstream Ethereum is the world’s second-largest cryptocurrency by market cap after bitcoin. However, where it has its parent beat is that it is much more popular amongst developers looking to establish new…

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Money on Chain Security Audit IV

This is the fourth of a series of four audits we performed for MOC: Third Audit Introduction CoinFabrik was asked to audit the contracts for the Money on Chain RRC20 project. Firstly, we will provide a summary of our discoveries and secondly, we will show the details of our findings. Summary The contracts audited are from the Money on Chain RRC20 repository. The audit is based on the commit 6289770453a95cb1f63999915a6ebccb11335ac8, and updated to reflect changes at 6289770453a95cb1f63999915a6ebccb11335ac8.  We have properly checked the differences with respect to the previously audited contracts. With this information we ensured that the changes introduced to…

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Bitpara Smart Contract Audit

Introduction CoinFabrik was asked to audit the contracts for the Bitpara project. Firstly, we will provide a summary of our discoveries and secondly, we will show the details of our findings. Summary The contracts audited are from the Bitpara repository at https://github.com/sottile27/bitpara. The audit is based on the commit b584216d4d0261af9afb50a4a556f693f1763ac5 and updated to reflect changes at commit ffd8e4e5d3b274aa481949434eefa51ec1e5a078. The audited contracts are: bitpara.solAn ERC20 token that allows the owner to charge a configurable small fee. The following analyses were performed: Misuse of the different call methods: call.value(), send() and transfer().Integer rounding errors, overflow, underflow and related usage of SafeMath functions.Old…

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Money on Chain Security Audit III

This is the third of a series of four audits we performed for MOC: Previous Audit, Next Audit Introduction CoinFabrik was asked to audit the contracts for the Money On Chain project. We will provide an executive summary of our discoveries, a short description of the project, the methodology used, the details of our findings and will finish with our conclusion of the code audited. Executive Summary This is the second audit we perform on the code of the Money On Chain project.  We didn’t found issues with critical or high risk. We found one issue with medium risk since…

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