Author: admin

Bill Harris, co-founding but short-lived CEO of Paypal, has written an opinion piece on Bitcoin in which he claims the cryptocurrency is “a scam… a colossal pump-and-dump scheme, the likes of which the world has never seen,” published on Recode Tuesday, April 24. Harris’s argument targeted Bitcoin on three fronts, asserting it is useless as a means of payment, is extremely volatile, and has “no intrinsic value.” He also placed heavy emphasis on the criminal exploitation of resource-hungry mining, targeting Read more …

Today, April 25th, the third largest cryptocurrency exchange by trading volume, OKEx, announced that all ERC-20 token deposits have been suspended. The move comes after developers discovered an Ethereum Smart Contract bug called BatchOverflow which permits those who exploit the bug to issue an almost unlimited number of new tokens. In turn, the newly minted tokens can then be deposited into other asset wallets. ‘This makes many of the ERC-20 tokens vulnerable to price manipulations of the attackers,’ the OKEx team Read more …

Join our community of 10 000 traders on Hacked.com for just $39 per month. Andreessen Horowitz, founded in 2009 by Marc Andreessen and Ben Horowitz,  one of the leading venture capital firms active in the cryptocurrency space, plans to launch a separate fund for exchanging crypto assets. The new fund could signal what some see as the next wave of innovation: direct investor involvement in cryptocurrencies, according to Recode. In general, venture capital firms have been wary about directly investing in Read more …

Exchanges A South Korean cryptocurrency exchange said it suffered an internal system error which affected withdrawals. The exchange claimed that users were able to withdraw five times the number of coins they requested. It is asking for the coins back, and will seek civil liabilities and damages from users who do not voluntarily return the coins. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Internal System Error New South Korean exchange Cashierest reportedly caused a controversy Read more …

The Financial Times (FT) news outlet published an article Wednesday, Apr 25, detailing  allegations levelled by several people against IOTA. According to FT’s report, some members of IOTA’s team have resorted to threats of legal action or violence when dealing with critics of their project online. When asked to comment on the report, Ralf Rottmann, a member of the IOTA Foundation’s board of directors, told Cointelegraph that he “joined the Board of Directors just recently and [is] not personally aware Read more …

MyEtherWallet, a popular web-based wallet for storing and transmitting the cryptocurrency ether (ETH), suffered a DNS attack that rerouted unsuspecting users to a Russian scam site into which some victims fed their login credentials. An invalid SSL connection certificate warned users before entering the phony site but some bypassed the warning, resulting in a loss of funds. MyEtherWallet confirmed the attack in a statement on April 24, 2018. Hackers did not actually hack the MyEtherWallet platform itself but went after Read more …

Fundstrat’s Tom Lee appeared on CNBC’s Fast Money show yesterday to weigh in on the ‘battle’ between Bitcoin and Bitcoin Cash. Despite efforts by the shows presenters to illicit a partisan response from Lee, the ‘general’ remained diplomatic in his answers. Lee Steers Conversation Away From Community Infighting Even though the title of the segment is ‘in the battle between bitcoin and bitcoin cash, Tom Lee says buy bitcoin’, Lee spent very little time addressing any conflict between the Bitcoin Read more …

In two years, the crypto-market has experienced astronomical growth not just in numbers but also market valuation. The sudden increase in value and adoption has opened several opportunities for anyone willing to ride the bandwagon. Cryptocurrencies are moving beyond reliable and independent ecosystems of money transfer to form efficient and creative token economies. For instance, the cryptocurrency version of crowdfunding, Initial Coin Offerings (ICOs) are quickly turning breakthrough ideas into real-world businesses. In comparison with 2016, the number of ICOs Read more …

The CEO of Nasdaq said that the stock market could become a platform for trading cryptocurrencies in the future, if the market becomes more regulated, CNBC’s Squawk Box  reports Wednesday, April 25. Nasdaq CEO Adena Friedman said during an interview that “certainly Nasdaq would considering become a crypto exchange over time.” Friedman believes that cryptocurrencies “will continue to persist,” the only caveat being the amount of time it will take for the crypto sphere to mature. Once that kind of Read more …