Bitcoin Gold Hit by Double Spend Attack, Exchanges Lose Millions A malicious miner successfully executed a double spend attack on the Bitcoin Gold network last week, making BTG at least the third altcoin to succumb to a network attack during that timespan. Bitcoin Gold director of communications Edward Iskra first warned users about the attack on May 18, explaining that a malicious miner was using… Read More
The Verge Hack, Explained Cryptocurrency enthusiasts are keen on telling ordinary civilians how safe and secure the Blockchain protocols powering their favorite coins are. Indeed, major cryptocurrencies like Bitcoin and Ethereum have maintained their security quite well—better, arguably, than any other digital asset/payment system in history—which is pretty remarkable, considering that they are unbacked digital money free from any… Read More
The Evolving Debate Over EIP-999: Can (or Should) Trapped Ether Be Freed? In November 2017, a pseudonymous actor exploited a vulnerability in Parity’s multi-signature Ethereum wallet library that rendered half a million ether inaccessible to their owners. Ironically, the culprit, Devops199, was trying to patch another vulnerability that allowed hackers to steal $32 million from Parity’s multi-signature wallet accounts back in July of 2017. While tinkering with… Read More
This Guy Heated Bath Water With Bitcoin Mining and It Worked Too Well For hobbyists trying to strike it rich with cryptocurrency mining, but who don’t have access to gigantic warehouses where they can park the hardware, making money means packing a bunch of very loud and very hot computers into your house or apartment. Some at-home cryptocurrency miners are harnessing the heat that powerful mining equipment—called ASICs—give… Read More
Brutal cryptocurrency mining malware crashes your PC when discovered A new form of cryptominer has been discovered which crashes systems the moment antivirus products attempt to remove the malware. The malware, dubbed WinstarNssmMiner by 360 Total Security researchers, has been used in half a million attempted attacks leveraged at PCs in only three days. On Wednesday, the cybersecurity firm said the cryptomining malware aims… Read More
The State of Scaling Ethereum Ethereum developers have long known that scaling the network is a subject worth discussion and investment. The matter did not quite spill out from the developer community, however, until late 2017, when a decentralized application (dApp) named CryptoKitties attracted so much traffic it began slowing down the network. On top of network latency, the price… Read More
German online bank uses Bitcoins to transfer loans German Radoslav Albrecht has founded an online bank that allows clients to transfer loans anywhere in the world using Bitcoin. Bitbond uses cryptocurrencies like Bitcoin to bypass the Swift international transfer system to lend money across the globe rapidly and at low cost. Clients hold the loans in digital tokens like Bitcoin only for seconds… Read More
Malware Wallet ‘Electrum Pro’ Stealing Seed Keys It is now proven that Electrum Pro steals wallet seeds on creation. Meaning that any coins stored in a wallet created with this tool are accessible to anyone with access to electrum(dot)com. If you mistakenly used this wallet, you should move your coins to a secure wallet as soon as possible. The proof given is… Read More
Stablecoin TrueUSD passes $12 million in circulation in just 2 months Whether it be Saga, SwissRealCoin, Havven, or a dozen other candidates, cryptocurrencies that are backed by real assets to help reduce volatility are becoming increasingly popular. Enter TrueUSD, which not only has a stablecoin, but has been putting it into action since launch. The result? After less than two months on the market, TrustToken —… Read More
Warriors’ Steph Curry will auction off celebrity CryptoKitties CryptoKitties took off with its cute blockchain-based collectible kittens last fall. Now, it is bringing sports celebrities into mix, starting with collectibles from Golden State Warriors’ star basketball player Stephen Curry. The first-ever celebrity-branded CryptoKitty will go up for auction today. CryptoKitties became a sensation after it debuted in November as a collectible game built… Read More