Tag Archives: ethereum

SEC says bitcoin and ether aren’t securities

Clarity is good.Image: ULRICH BAUMGARTEN/GETTY The world of cryptocurrency just got some much needed good news.  With the prices of bitcoin and ether on a steady downward trend, the Securities and Exchange Commission today provided hodlers with a flash of hope: Neither of the cryptocurrencies are considered securities.  SEE ALSO: The only good thing to come out of Bitcoin is this stock art cat So reports CNBC, which notes that the SEC’s head of the Division of Corporate Finance, William Hinman, delivered the news at the San […]

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Coinbase to add Ethereum Classic support in the coming months

Ethereum Classic, the lesser-known brother of Ethereum, is getting some attention.Image: Coinbase New cryptocurrencies get added to crypto-exchanges all the time, but when Coinbase adds one, it’s news.  Coinbase, the largest U.S.-based cryptocurrency exchange, has only supported four coins so far: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. The addition of Ethereum Classic or ETC, announced on Tuesday, will happen “over the next few months,” Coinbase told Mashable.  SEE ALSO: Coinbase is getting ready to expand its cryptocurrency offering after a new acquisition This will undoubtedly bring a […]

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Bitcoin bleeds following yet another exchange hack

We're going down again.Image: traviswolfe/gettyimages The prices of Bitcoin, Ethereum, and all other major cryptocurrencies have experienced big drops in the last 24 hours, following the news that South Korean cryptocurrency exchange Coinrail has been hacked.  In a statement on its website Monday, Coinrail said that hackers stole up to 30% of the coins from its storage.  SEE ALSO: This bitcoin explainer created by AI is hilariously insane According to Coinrail, the hackers struck on June 10 and made away with a number of different cryptocoins, including […]

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Youd Be Crazy to Actually Spend Bitcoin

A little more than four years ago, Coupa Café, a caramel-macchiato joint in Palo Alto, began accepting bitcoin. This was shortly before the first big bitcoin rush briefly pushed the cryptocurrency’s price from about $100 to more than $1,000. At the time, two or three Coupa customers a week would pay their bills with bitcoin, says co-owner Camelia Coupal. Today, the number is … still two or three people a week. “It’s a really minimal part of our sales,” she says. “It’s really just a quirky thing […]

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A $50 Million Hack Just Showed That the DAO Was All Too Human

Sometime in the wee hours Friday, a thief made off with $50 million of virtual currency. The victims are investors in a strange fund called the DAO, or Decentralized Autonomous Organization, who poured more than $150 million of a bitcoin-style currency called Ether into the project. Code was supposed to eliminate the need to trust humans. But humans, it turns out, are tough to take out of the equation. The people who created the DAO saw it as a decentralized investment fund. Instead of leaving decisions to […]

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Hackers have stolen $60 million and counting from Bitcoin’s ‘unhackable’ competitor

Over $60 million worth of the virtual currency Ether, Bitcoin‘slargest competitor, has been stolen in a hackthat’s still ongoing as of Friday morning. Meanwhile, the price of Bitcoin surged 70 percent this week and over 200 percent on the year, making it one of the currency’s best years ever. Introduced in July 2015, the Ethereum protocol and its crytocurrency, Ether, blew past $1 billion in May 2016, a rapid rate of growth that the inspired co-founder of Coinbase, Fred Ehrsam, to say Ethereum could “blow past Bitcoinentirely.” […]

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With Ethereum wallets under constant attack, Jibrel Network decided to build their own

Since blockchain technologies appeared people have been trying to figure out how to put traditional assets like currencies, bonds and other financial instruments onto it in a way which has regulatory compliance and is secure. If you could do that you could sell securities in a legitimate way, thus disrupting large swathes of the asset management industry. In case you didn’t happen to know, the asset management industry is worth around $69 trillion or more, globally. But you have to hold these assets in wallets. And it’s […]

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Security News This Week: $280M Worth of Ethereum Is Trapped Thanks to a Dumb Bug

On Monday, a small configuration mistake at an internet service provider and infrastructure company caused internet outages around the United States for a few hours, reverberating across other ISPs' networks as well. Cool way to start the week. From there, research indicated this week that the Kremlin-linked hacking group APT28 (also known as Fancy Bear) has been exploiting a newly exposed vulnerability in Microsoft Office to do topical phishing attacks referencing the recent ISIS bike path attack in New York City. WIRED did deep dives into the […]

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