Japanese crypto exchange Zaif hacked, losses in the range of $60 million reported In a major development, Japanese crypto exchange Zaif has been on the receiving end of a hacking incident last week, local media has reported. The hack, which occurred on Sept. 14 but was not discovered until Sept. 17, saw the hacker steal 4.5 billion yen from users hot wallets, as well as 2.2 billion yen… Read More
Critical Bug Found in Bitcoin Core Invokes the Multiple Client Argument Over the last 24 hours, the cryptocurrency community has been discussing a critical vulnerability that was found in the Bitcoin Core (BTC) reference client. A bug introduced in Bitcoin Core version 0.14, that also affects all subsequent versions, could have caused a great majority of current Core nodes to crash. According to the developer’s Optech… Read More
Open Heart Surgery: Inside Ethereum’s Crucial Replacement of the EVM The virtual machine that allows ethereum to compute everything in a decentralized way is getting a massive overhaul. At the heart of ethereum lies a virtual computer. Stored across tens of thousands of nodes that make up the platform, the ethereum virtual machine, or EVM, is responsible for executing the countless tokens,dapps, DAOs and digital… Read More
Robinhood Is Making Millions Selling Out Customers to High-Frequency Traders Robinhood is marketed as a commission-free stock trading product but makes a surprising percentage of their revenue directly from high-frequency trading firms.It appears from recent SEC filings that high-frequency trading firms are paying Robinhood over 10 times as much as they pay to other discount brokerages for the same volume.Robinhood needs to be more transparent… Read More
Bitmex Accused of Manipulating Ethereum’s Price A crypto trading exchange with eye-watering margins of 100x has angered ethereans after Bitmex’s CEO, Arthur Hayes, appeared to tell his customers, under an official Bitmex account, to short eth. Hayes then goes on to use some very colorful and highly professional language in contrast to his public tweet which said: No punting here, but… Read More
Bitcoin Gold delisted from major cryptocurrency exchange after refusing to pay hack damages Bittrex, one of the largest cryptocurrency exchange platforms, has delisted Bitcoin Gold (BTG) from its trading platform over the weekend after BTG maintainers declined to pay half of the damages Bittrex suffered during a complex multi-stage cyber-attack earlier this year. According to a statement from the BTG team, Bittrex asked the BTG team to pay… Read More
Liberal Radicalism: Breaking down Buterin, Hitzig and Weyl’s paper Vitalik Buterin, Zoë Hitzig and E. Glen Weyl yesterday released their paper Liberal Radicalism: Formal Rules for a Society Neutral among Communities. As prior readers will know, I tend to break down whitepapers I suspect most of the community won’t have the time or inclination to do. This falls squarely in that bracket given it… Read More
There’s a Problem With Crypto Funding – And Vitalik Just Might Have a Solution There are free-riders in the cryptocurrency ecosystem. At least, that’s the contention of a new paper, shared with CoinDesk on Monday, written by ethereum founder Vitalik Buterin,Microsoft researcher Glen Weyl and Ph.D. of economics at Harvard, Zoë Hitzig. And free-riders pose a problem. Described in the paper, free-riders are people or businesses that profitfrom the… Read More
Almost $1B in Bitcoin Moved Around in Silk Road Wallet Addresses Mysterious movements from the original Silk Road wallet suggest that the US government is cashing out on the Bitcoin gradually. The Silk Road market may be dead—we actually checked just to see if it came back somehow—but its wallet appears to be alive. Over a billion dollars in Bitcoin are being moved from several wallets… Read More
Ethereum co-founder Vitalik Buterin speaks on ‘collapse of ETH’ Ethereum community got all curious and agitated after Tech Crunch published an article on Ethereum – ‘collapse of ETH is inevitable’. Number of questions and doubts popped up and to answer it all co-founder Vitalik Buterin wrote a post giving an insight about it. Surprisingly, he agrees ‘collapse of ETH is inevitable’, at least for… Read More