Tag: ether

Chinese cybersecurity Qihoo 360 Netlab confirmed a group of hackers were successful in stealing $20 million from exposed Ethereum-based mining rigs and dApp. Ethereum dApps Exposed As per a report on Bleeping Computer, the thefts occurred after a Remote Procedure Call (RPC) was exposed on port 8545 on Ethereum software applications. Qihoo 360 security researchers have been tracking the loophole…

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On May 27, 2018, a Reddit user TraderJoeSmo on the r/Ethtrader subreddit raised the alarm about a suspected artificial lowering of the market value of ETH by a competitor cryptocurrency, EOS. A few hundred comments later, it was evident that EOS had indeed contributed in some way to fuelling the ongoing downward trend of the price of ether. EOS Background…

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Spencer Bogart, blockchain venture capitalist and a partner at Blockchain Capital told CNBC that bitcoin is being profoundly institutionalized, getting more use cases and therefore is still a great buy. He also mentioned that some of the altcoins like ether, bitcoin cash or EOS are good to hold, while Cardano, Tron, IOTA, and NEO should be sold. Earlier Bogart predicted…

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There are little things better in life than to be able to build your own city, complete with its own industries, markets, and even entertainment districts. While Generation X grew up with HTML5 platforms to build cities on, Millenials would clearly have the edge, as a company is fusing the best features of HTML5 with the futuristic blockchain technology. Massive…

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The cryptocurrency debate seems to be back, and this time it has fallen on ether (ETH) as authorities in the U.S. face pressure to decide whether it should be classified as a cryptocurrency or as a commodity. Commodity Futures Trading Commission (CFTC) Commissioner Brian Quintenz stated on Monday, May 14 that exchanges have shown interest in providing ether derivatives to…

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A remarkable leap forward for the Ethereum community as May 11, 2018, marked the debut of ether futures on a regulated trading platform. This new development with potentially far-reaching consequences took place in the United Kingdom where Crypto Facilities, a regulated trading platform answerable to the Financial Conduct Authority (FCA), launched the first batch of regulated ether futures for trading….

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While bitcoin’s price spikes continue to generate headlines, ether (ETH), the cryptocurrency underpinning Ethereum, is set to hit a record $2,500 by the end of 2018 according to consultancy deVere. Despite being down 53 percent from its highest ever peak of $1,594.89 on January 13, 2018, independent consulting firm deVere Group boldly projects a fresh all-time high for ether before…

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MyEtherWallet (MEW), the most popular Ethereum web-based wallet fell victim to a DNS hack on April 24, 2018. Comments made by wallet users on social media and online crypto forums reveal that funds have indeed been stolen from their wallets. MyCrypto, a rival service to MEW, confirmed the occurrence of the hack and informed MEW users that their accounts had…

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Ethereum co-founder Vitalik Buterin is reportedly worth more than $400 million, but he’s nonchalant about his vast wealth. The 24-year-old, says today’s bitcoin millionaires became rich mostly through luck, although most won’t admit it. The Difference Between Intelligence and Luck Cryptocurrency bulls like to think they’re smarter than “the masses” for buying crypto before it became trendy, but Buterin says…

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In a new application of blockchain technology, the Betrium ICO is looking to the lucrative $533 billion global gaming industry for potentially handsome returns. A group of entrepreneurial developers, all graduates from MIT and MIPT, are now offering the first “worldwide betting service” that is partly decentralized. Betrium will accept cryptocurrencies while charging zero percent commission. The platform behind the…

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