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


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


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 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


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


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


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


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


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


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