Another rocky week in crypto: $150 million trapped in Ethereum, Bitcoin Cash briefly secures more mining share, Segwit2x hard fork cancelled Mario Gibney Follow Nov 13, 2017 · 4 min read

We just witnessed one of the wildest weeks in the crypto world, with the global cryptocurrency volume hitting $74 billion in transaction volume in the last 4 days, with big news dropping in several of the ecosystem’s largest coins. But I didn’t need to tell you that, even if you’ve just got your eyes glued to the charts, which responded with their own theatrics.

Bitcoin losses 5% of its market lead over the weekend

This cryptocurrency industry insight will give you the cutting-edge scoop on the latest news moving the crypto markets.

Ethereum Parity Multisig Bug

A curious user testing out what some kill orders would do on random contracts ended up locking up $150 million of users funds. This is the second bug from the Parity team’s multisig this year, and will take a hard fork to fix, putting the Ethereum team in another difficult position. Market response was mild, with ETH tumbling a gentle 3% before swiftly recovering. But the possibility of a coming fix might yield further oscillations. You can check out the details right here.

Bitcoin Cash Prepares to Update Its DAA

Bitcoin Cash continued with its own development, in particular getting ready to change its Difficult Adjustment Algorithm (DAA). The decision, however, appears to have been made rather suddenly and without much public discourse, leading to a mixed response from users.

The update is an effort to position itself for the Segwit2x fork originally planned for next week, attempting to win over more mining power. The move aims to smooth out the rather choppy experience with their Emergency DAA, which has caused some problems with very inconsistent hashrate. If successfully implemented and well received, it is likely to lead to a more steady and even mining distributing between the two coins, rather than the wild fluctuations that have punctuated the Bitcoin Cash’s first several months of existence.