A bug in older versions of Ethereum network client Geth has caused nodes running it to split from the cryptocurrency’s main network. The bug impacted Geth clients running versions v1.10.7 and earlier, making up 75% of all nodes.

The Cuban government has announced it will recognize and regulate cryptocurrencies for payments. The announcement came in the form of a resolution saying the country’s central bank, Banco Central de Cuba, will govern how citizens can use cryptos.

The world’s largest cryptocurrency exchange Binance has dropped trading pairs and payments options using the Norwegian krone. The firm has also announced it will be ending Norwegian language support.

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Top stories in the Crypto Roundup today:

• Ethereum Client Bug Leads to Chain Split
• Cuba To Recognize and Regulate Cryptocurrencies
• Binance Drops Norwegian Krone Trading Pairs and Payment Options
• Chart of the week: Crypto AUM by Asset
• Sponsored: Crypto.com - The World’s Fastest Growing Crypto App

Ethereum Bug Leads to Chain Split

A bug in older versions of Ethereum network client Geth has caused nodes running it to split from the cryptocurrency’s main network. The bug impacted Geth clients running versions v1.10.7 and earlier, making up 75% of all nodes.

Concerns surrounding potential double-spend attacks, where the cryptocurrency would be spent but the transaction is then overwritten, have come up. Researchers have found an Ethereum address exploited the bug after being funded by a Tornado Cash client.

The bug has the potential to impact other Ethereum Virtual Machina-compatible chains, and as such has been exploited in the Binance Smart Chain and Huobi ECO Chain.

Most Ethereum miners appear to be running updated versions of the client, so the network’s hashrate is supporting the longer chain. Ethereum Foundation security lead Martin Swende tweeted:

 “A consensus bug hit #ethereum mainnet today, exploiting the consensus-bug that was fixed in geth v1.10.8. Fortunately, most miners were already updated, and the correct chain is also the longest (canon). The bug was found in an audit of the Ethereum Virtual Machine version running on the Telos blockchain. The exact attack vector of the bug “will be provided at a later date to give node operators and dependent downstream projects time to update their nodes and software.”

Cuba To Recognize and Regulate Cryptocurrencies

The Cuban government has announced it will recognize and regulate cryptocurrencies for payments. The announcement came in the form of a resolution saying the country’s central bank, Banco Central de Cuba, will govern how citizens can use cryptos.

It came at a time in which the country has been dealing with anti-government protests over a lack of food and medicine during a severe economic crisis that has only been worsened by foreign sanctions and the COVID-19 pandemic.

The government point to “reasons of socio-economic interest” to regulate and recognize cryptocurrencies. Earlier this year, El Salvador moved to recognize bitcoin as legal tender.

Binance Drops Norwegian Krone Trading Pairs and Payment Options

The world’s largest cryptocurrency exchange Binance has dropped trading pairs and payments options using the Norwegian krone. The firm has also announced it will be ending Norwegian language support.

The move extends the exchange’s updates to its offering in a bid to tackle regulatory challenges. Over the last few weeks, the exchange has discontinued trading pairs and options in the South Korean won, tightened customer verification procedures, and restricted other functions.

Binance’s moves come in response to intense scrutiny from regulators throughout the world that issued warnings against the exchange.

Chart of the week: Crypto AUM by Asset

Cryptocurrency investment products saw their assets under management (AUM) surge in August. As detailed in the latest edition of CryptoCompare’s Digital Asset Management Review, Ethereum’s AUM rose 72.8% to $13.8 billion, while baskets increased 67.8% to $2.3 billion. Exchange-traded funds (ETFs) and Exchange-traded notes (ENS) both saw large increases of 79.1% and 91.4% respectively.

Check out more CryptoCompare research in the link below.

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