Monthly Archives: November 2018

Charlie Shrem Scores A First Win In A $32 Million Court Battle Against The Winklevoss Twins, Assets Unfrozen

A few days ago, news broke that the Winklevoss brothers had lodged a court case against Charlie Shrem. The billionaire twins, who earned their billionaire status courtesy of the Bitcoin boom, have been very much in the news lately. They’re among the various people and influential entities that have been pushing for a Bitcoin ETF. The two are the founders of the Gemini exchange. On the other hand, Charlie Shrem is known as one of the early adopters of Bitcoin and the founder of BitStamp, a crypto […]

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Investor Lawsuit Brought Against AT&T, T-Mobile for SIM Swapping Hacks

Leading cryptocurrency investor law firm Silver Miller Law has filed suit against cell phone giants AT&T and T-Mobile on behalf of several digital asset investors who were victims of the identity-theft tactic known as “SIM swapping.” The suit alleges that both companies possessed flaws in their security systems and failed to properly train their employees to work against hackers seeking to gain access to users’ smartphones. SIM swapping occurs when a hacker gathers information on a potential victim, such as their phone password, answers to their security […]

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Early Win for Shrem: Judge Unfreezes Assets in Winklevoss Lawsuit

In a short-term win for bitcoin advocate Charlie Shrem, a federal judge has lifted the freeze on Shrem’s financial accounts in an ongoing legal battle against the Winklevoss twins. Shrem’s financial accounts and assets were temporarily frozen via an attachment order following the suit’s initial filing. The order allowed the U.S. Marshall for the Southern District to freeze Shrem’s assets, instructing cryptocurrency companies like Coinbase and Xapo and legacy financial institutions to freeze Shrem’s assets up to $30 million, the amount the Winklevosses are seeking in damages. […]

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Lessons Learned from the Biggest Crypto Hacks in History

As you may know, the cryptocurrency industry is extensively targeted by hackers. Unfortunately, attackers have been quite successful in this space with plenty of high-profile attacks targeting crypto services. In just the first half of 2018, $1.1 billion worth of cryptocurrency was stolen from victims. These hacks painted a gloomy picture of the security of blockchain-related services, and some had a huge impact on the whole industry. Let’s review the most significant breaches and then see what we’ve learned from those hacks. Coincheck – $532 million January […]

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Canadian Bitcoin Miner Hut 8 Reports Q3 Loss of $8.7 Million

Hut 8 Mining Corp., a Canadian bitcoin mining company, has released its third quarter earnings report, which shows a net loss of US $8.7 million on higher depreciation costs. Depreciation spiked to $13.3 million, wiping out mining profit which came to $6.7 million. Also Read: Trade.io Acquires Primus Capital Markets to Offer BTC-Backed Forex Trading  Revenue Soars but Profits Fall During the third quarter of 2018, the Toronto-listed miner extracted 1,978 BTC at a cost of $3,394 per coin, almost half the average market price of bitcoin for […]

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The Largest Crypto Hacks in History and What has Been Learned From Them

As you may know, the cryptocurrency industry is extensively targeted by hackers. Unfortunately, attackers have been quite successful in this space with plenty of high-profile attacks targeting crypto services. In just the first half of 2018, $1.1 billion worth of cryptocurrency was stolen from victims. These hacks painted a gloomy picture of the security of blockchain-related services, and some had a huge impact on the whole industry. Let’s review the most significant breaches and then see what we’ve learned from those hacks. Coincheck – $532 million January […]

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Ethereum Sets Tentative January Goal for Next Blockchain Upgrade

Developers are eyeing January 16th as the date on which Constantinople, ethereum’s upcoming network hard fork, could launch. The upgrade for the world’s second-largest blockchain was originally targeted for November, bringing with it a host of design changes aimed at streamlining the platform’s code in a bid to boost performance. Yet the November launch window was ultimately due to unanticipated problems with the test release, necessitating a longer development period. While the Jan. 16 date was reached by way of a non-binding verbal agreement, it’s not fixed […]

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Amazon and ConsenSys-Built Kaleido Launches Full-Stack Marketplace

Blockchain software-as-a-service (SAS) project Kaleido has launched a marketplace to provide its users with a “full-stack enterprise platform.” Their “Blockchain Business Cloud” now features a “new marketplace [of] trusted tools and services from Kaleido, AWS, and members of the new partnership program, all offered as plug-and-play.” The suite of services will feature oracles, wallet and ID services, supply chain tools and even legal contract software. According to a company statement, “Clients now have access to native AWS integrations, popular services such as HD wallets for privacy and […]

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Crypto Markets See Ongoing Mild Losses, Bitcoin Trades Below $6,400

Crypto markets are continuing to see downward momentum with virtually all of the major cryptocurrencies in the red, and Bitcoin dipping below the $6,400 mark.   Friday, Nov. 9: crypto markets are continuing to see downward momentum, with virtually all of the major cryptocurrencies at least mildly in the red, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) is down just over 1 percent, trading around $6,340 at press time. After a period of protracted stability, the top coin has seen a short-lived burst […]

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Scaling-Focused Blockchain Platform MultiVAC Claims ‘Breakthrough in Sharding’

Blockchain platform MultiVAC has published its sharding data, claiming to be on the path to “solving” blockchain scaling issues. Blockchain platform MultiVAC has claimed it has reached a “breakthrough” in the blockchain scaling technology sharding, according to a press-release Nov. 5. According to the company’s release, MultiVAC reported achieving 30,784 transactions per second (TPS) using 64 shards. While the total amount of transactions for all shards used exceeded 30K at its peak, a single a shard was claimed to reach 533 TPS. MultiVAC also claimed in the […]

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