Another hack rocks cryptocurrency trading: Bancor loses $13.5 million This week, the start-up said that a wallet being used to ‘upgrade’ smart contracts was compromised. This wallet was then used to withdraw $12.5 million in Ethereum (ETH), alongside $1 million in Pundi X (NPXS) and $10 million in Bancor Network Tokens (BNT). Bancor says that once the compromised wallet was identified the company was… Read More
SEC announces cryptocurrency ether is not a security Are bitcoin and ether securities? Finally, one of the biggest questions and debates in crypto has been answered by the SEC, officially. In an announcement at Yahoo Finance’s All Market Summit: Crypto in San Francisco on Thursday,the U.S. Securities and Exchange Commission Director of Corporate Finance William Hinman said that the commission would not be… Read More
Ethereum “Giveaway” Scammers Have Tricked People Out of $4.3 Million The EtherScamDB website was created by the team behind the MyCrypto wallet service for the purpose of tracking various types of online scams centering around the Ethereum platform and associated cryptocurrencies and assets. For the past few months, the website has been inventorying various types of Ethereum scams, such as classic phishing sites that imitate… Read More
Cryptocurrency Trading App Taylor Loses 2,500 ETH in $1.5M Hack Cryptocurrency trading app Taylorsuffered a catastrophic hack on May 22 that resulted in the loss of over 2,500 ETH, valued at $1.5 million. In addition, the trading platform lost 7% of the total TAY token supply, potentially crippling the development of the trading software. According to the official statement, the only tokens that remain in… Read More
ZeppelinOS, a platform for smart contract applications in Ethereum Today we’re excited to announce the first mainnet release of ZeppelinOS, a platform for developing, managing, and operating smart contract applications in Ethereum. You can start using it right now at zeppelinos.org. Until now, it was difficult and costly to fix problems in smart contracts. Hundreds of millions of dollars were put at risk because… Read More
The Ethereum-blockchain size has exceeded 1TB, and yes, it’s an issue This is not about archival nodes. This is about about staying in sync, after the fact. My Argument: Ethereum’s runaway data directory size is just the tip.My Prediction: It will all work, until it doesn’t.My Suggestion: Transpose. My Argument: Ethereum’s runaway data directory size is just the tip. My Prediction: It will all work, until… 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
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
MyEtherWallet Confirmed Hack via DNS Loophole The attackers don’t seem to have compromised MyEtherWallet itself. Instead, they attacked the infrastructure of the internet, intercepting DNS requests formyetherwallet.comto make the Russian server seem like the rightful owner of the address. Most of the affected users were employing Google’s 8.8.8.8 DNS service. However, because Google’s service isrecursive, the bad listing was likely obtained… Read More
Upgradeable smart contracts in Ethereum Ethereum contracts are immutable but there is a way to design contracts which can be upgraded, so you can fix bugs quickly and add features. We’ll see how to create upgradable contracts. Source: zohaib… Read More