Join our community of 10 000 traders on Hacked.com for just $39 per month. Make sure you check out the previous round-up here, now let’s go over what happened in crypto this last week. We regret the delay with the weekend round-up but, as they say, better late than never. Price Watch: Bitcoin was up 15% for the second week in a row. The gains come after a slight gain 2 weeks ago. After going sideways at $8,400 early last week, the price rocketed to $9,400. Despite the Read more …
Op-Ed The following opinion piece was written by Jonald Fyookball. The bitcoin cash (BCH) community understands key principles: Bitcoin should be a peer to peer Electronic Cash system; most users can use SPV wallets instead of running their own node; “second layer” scaling solutions are often unnecessary and problematic. While important, and it places the BCH ahead of others, education isn’t only about the scaling debate. It’s important to understand all aspects of Bitcoin. Also read: Telegram Urges Paper Read more …
In the latest installment of its Signature Bounties campaign, Blockstack has partnered with ShapeShift to challenge developers to create a universal wallet. The contest, which began this morning, April 25, 2018, at 9:00 a.m. EST, will run until 11:59 p.m. on June 25, 2018. The winning project will be announced on June 29, 2018, and awarded $50,000. “We’re really thrilled to be able to partner with ShapeShift for this bounty and to build on the success of the bounty program Read more …
The Vancouver Police Department (VPD) has warned Canada’s federal government that cryptocurrencies are increasingly being used by organized crime to launder money. The agency advises that checks and balances are necessary to monitor the digital coins, and pushes for the enforcement of amendments to legislation that would require crypto-related transactions be reported to the Financial Transactions and Reports Analysis Centre of Canada, FINTRAC. Increase in Police Filings Police in Metro Vancouver saw a 350% increase in filings related to cryptocurrency Read more …
Join our community of 10 000 traders on Hacked.com for just $39 per month. Brazilian cryptocurrency exchange Foxbit has recently revealed that, via the BlinkTrade trading platform, it updated its login process, making it safer for users. The update may be too late, however, as recent reports suggest the company’s poor security allowed hackers to phish users out of an estimated 58 BTC (about $540,000). The 58 BTC estimate comes from cybersecurity expert Leandro Trindade, who warned Foxbit something was Read more …
Knowledge is power. – Francis Bacon Actually, knowledge is not only power but also wealth and value. It is the fuel that drives society forward. The pioneers of knowledge have always been respected and greatly rewarded since ancient times. After the Internet wave in the 21st century swept the world, it is not the privilege of elites only to create knowledge. In contemporary society, ordinary people can express their ideas and values through social networks. People edit entries on Wikipedia, Read more …
News According to the infamous licensed brothel in Nevada, the Moonlite Bunny Ranch, a sex worker named Lana West was paid for her intimate favors with a few thousand dollars in bitcoin. Since then the Bunny Ranch has announced accepting the digital currency for sexual services. Also read: Five Reasons Why Bitcoin Cash is About to Win Big The Cathouse Goes Bitcoin Lately a few escort business and sex workers have been revealing that they accept cryptocurrencies for Read more …
John Chambers, the former Chairman and CEO of Cisco Systems Inc., famously said that “there are two types of companies: those that have been hacked, and those that don’t know they have been hacked.” Some notable breaches over the past few years include the 3,000,000,000 email accounts at Yahoo, the 143,000,000 credit files at Equifax, and the 87,000,000 Facebook accounts accessed by Cambridge Analytica. The reason why these data breaches occur and keep occurring is that data lies on central Read more …
Network tech giant Cisco won a patent on Tuesday that could be applied to the bitcoin mining process. Cisco submitted a patent application back in September 2015 for a “Crowd-sourced cloud computing” system, according to information from the U.S. Patent and Trademark Office (USPTO). The patent outlines how computer owners may be able to offer up their unused processing power for certain processes – including the energy-intensive mining process. The filing describes how a user could partition their resources to Read more …
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 …
SophiaTX now stands alongside the likes of 231 organizations based in 25 countries who belong to the Hyperledger blockchain consortium. Zurich/Lupfig, Switzerland, 25th April 2018 – Blockchain platform SophiaTX has joined Hyperledger, an open source collaborative effort made up of 231 organizations, and will now work to advance blockchain across a number of different industries. Hosted by The Linux Foundation, Hyperledger is an open source group made up of tech, finance, banking and manufacturing professionals who aim to improve blockchain technologies 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 …