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The Bithumb situation has quickly developed over the past 24 hours, resulting in rampant speculation about what exactly happened. Bithumb ‘Suspiciously’ Deletes Original Tweet News of yesterday’s hack quickly broke on Bithumb‘s official Twitter account, but oddly enough, Bithumb deleted the original message after only a few hours....
Bithumb, one of the largest exchanges in Asia, just broke the news that it has been hacked, with the hackers reportedly stealing over $30 million worth of cryptocurrencies. Bithumb Wallet Change Backfires At 12:49 UTC on June 19th, Bithumb announced that they would be temporarily suspending deposits due...
The case against embattled cryptocurrency startup My Big Coin is being watched closely by industry insiders, as it will help determine whether or not the U.S. Commodity Futures Trading Commission has the authority to combat potential fraud associated with the coin and others. Jurisdiction of U.S. Regulators In...
In the early hours of Sunday morning (UTC time-zone), ZenCash, an upcoming privacy coin, came under a 51% attack. Another One Bites The Dust According to the official ZenCash blog, at approximately 2:43 UTC on June 3rd, ZenCash became the target of a 51% attack. For the uninitiated,...
During the early hours of Saturday morning, transactions made on the Lisk blockchain came to a full stop as a faulty transaction triggered automated security systems on the network. Lisk Blockchain Shutdown The President and CEO of Lisk, Max Kordek, quickly wrote a Reddit post that explained the...
Despite the slowdown in overall cryptocurrency prices, investment in upcoming projects, in the form of initial coin offerings (ICOs), has not slowed down one bit. In fact, the amount of investment made into these projects has only skyrocketed. ICOs Investment on the Rise CoinSchedule reported that over $9.4...
Jeffrey A. Tucker has penned an article to accompany a little-reported research paper that was published last October. The economics writer met with one of the paper’s authors recently to discuss the threat posed to the Bitcoin network by quantum computing. Quantum Computing Poses Little Real Threat to...
Chinese internet and cyber security research firm 360 reported a series of high risk vulnerabilities in the EOS blockchain platform a couple of hours ago. According to China’s version of Twitter, Weibo, some of these vulnerabilities can remotely execute arbitrary code on the EOS node, meaning that remote...
A leading provider of cryptocurrency IRAs (individual retirement accounts) believes they might have found a solution to one of the barriers stopping institutional investors taking up positions in digital currency. Noble Bitcoin announced earlier today that they are going to provide insured cold storage solutions for clients. Is...
DB Insurance — one of South Korea’s four biggest property and casualty insurers and the company that holds South Korean cryptocurrency exchange Youbit‘s policy — has denied a claim that the exchange filed after a hack in December of last year drained it of “about 17% of [its] total assets.” Youbit claimed that the insurance...
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