News

We constantly monitor everything that is happening in the world of digital assets. Here's our selection of the news that matters.

New Attack Against Electrum Bitcoin Wallets
This is clever: How the attack works: Attacker added tens of malicious servers to the Electrum wallet network. Users of legitimate Electrum wallets initiate a Bitcoin transaction. If the transaction reaches one of the malicious servers, these servers reply with an error message that urges users to download a wallet app update from a malicious website (GitHub repo).User …
Overcoming ShapeShift’s Crypto Winter and the Path Ahead
A note from Erik Voorhees, Founder & CEOOriginally published over on the ShapeShift blog.The latest crypto winter is upon us, and today ShapeShift felt the bitter frost.Today, we let 37 employees go, reducing the size of our team by a third. It’s a deep and painful reduction, mirrored across many crypto companies in this latest bear market cycle.Crypto, like the moon we …
Cryptocurrency Wallet Hacks Spark Dustup
Cryptocurrency wallets Trezor and Ledger are vulnerable to a number of different type attacks, researchers say.
Almost $500,000 in Ethereum Classic coin stolen by forking its blockchain
Enlarge (credit: ethereumclassic.org) Attackers have stolen almost $500,000 worth of the Ethereum Classic digital currency by carrying out a compute-intensive hack that rewrote its blockchain, officials with Coinbase, one of the leading crypto currency exchanges, said on Monday. The heist was the result of carrying out what's known as a rollback attack, which allowed the …
As Bitcoin sinks, industry startups are forced to cut back
Around this time last year, the price of Bitcoin hit an all-time high of nearly $20,000. Cryptocurrency enthusiasts everywhere boasted about the wealth 2018 would bring, initial coin offerings exploded and startups continued to pull in record amounts of venture capital. Fast-forward one year: Bitcoin is down 75 percent to a meager $3,700, sinking as quickly as its meteoric …
Machine learning identifies cryptocurrency scams before they happen
Pump-and-dump schemes have become increasingly common in cryptocurrency markets. Now security researchers have learned how to spot them in advance.
Announcing Interstellar
Lightyear has acquired Chain and is now called InterstellarFOR IMMEDIATE RELEASEChain Merges with Lightyear, Goes All-In on StellarCombined company, to be called Interstellar, will help organizations build on the Stellar Network; Stellar Development Foundation to remain independentSAN FRANCISCO, September 10, 2018 — Chain, Inc. (“Chain”) today announced it has been acquired by …
A glimpse into the dark underbelly of cryptocurrency markets
In this post I’ll investigate the key drivers of the unrelenting cryptocurrency/cryptoasset markets, and explain why they aren’t likely to go away soon. In particular, I will focus on the incentives which cause rankings sites to uncritically include junk exchange volume in their data.The major stakeholders in this market are exchanges (naturally), altcoin/cryptocurrency/fork …
eCash Founder David Chaum Makes Bold Promises with Elixxir Blockchain
Over 30 years after creating eCash, a predecessor of bitcoin and other cryptocurrencies which spawned the Cypherpunk movement of the 1980s, Dr. David Chaum is back in the public eye with a claim of having invented “the world’s fastest cryptocurrency.”Chaum is widely regarded as the forefather of cryptocurrencies and the wider world of cryptographic security and online privacy …
Excellent article from @mwilcox "Fundamental Misconceptions" about the nature of Bitcoin and the security of the blockchain. It's long but the ideas are fundamental. markwilcox.com/articles/03/ He liked my video too!
Daniel [email protected] Excellent article from @mwilcox "Fundamental Misconceptions" about the nature of Bitcoin and the security of the blockchain. It's long but the ideas are fundamental. markwilcox.com/articles/03/ He liked my video too!
Reflecting on Time Well-Spent at LedgerX
I will soon be leaving LedgerX. I wanted to take a moment and reflect on my experiences and lessons learned from working at LedgerX, the first CFTC-regulated digital currency clearinghouse and options exchange.I joined LedgerX four years ago in 2014 to help build out the technology stack and its interaction with the Bitcoin system. Since that time, Bitcoin has grown in leaps …
Bitcoin: Past and Future
By Murad Mahmudov and Adam Taché.ForewordThis is a follow-up to The Many Faces of Bitcoin, which discussed four schools of thought of Bitcoin. This article will analyze these perspectives by discussing trade-offs, philosophical divides within the community, and expected behaviors of the proposed systems.IndexBitcoin as MoneyRoles of Full Nodes & Miners in Bitcoin & …
The Many Faces of Bitcoin
By Murad Mahmudov and Adam Taché.To nocoiners, gold-bugs, and Keynesians, the cryptocurrency space is best seen as a parasite infecting millennials with technobabble, forcing them to spout economic gibberish, and sucking them into believing the pipedream that a crypto-anarchist society could exist. To believers in the technology, cryptocurrencies represent an escape from the …
Zcash: life on the crypto roller coaster
Suppressed in Japan. Championed in New York. Accused of betraying the billion-dollar community he created with an arcane and byzantine ritual, while accidentally solving — maybe — a transnational clandestine mining mystery. All this while leading the rollout of some of the world’s most cutting-edge cryptographic technology into production. It’s been an interesting six months …
A New Startup Has Zooko and Naval Betting on Better Crypto Contracts
A group of old-school security researchers have raised funds to build a better smart contracting language.
The State of Cryptocurrency Mining
For those new to the blog, I am the lead developer of Sia, a blockchain based cloud storage platform. About a year ago, myself and some members of the Sia team started Obelisk, a cryptocurrency ASIC manufacturing company. Our first ASICs are going to ship in about 8 weeks, and our journey with Obelisk has given us a lot of insight into the world of cryptocurrency mining.One of …
Goldman Sachs to Open a Bitcoin Trading Operation
While most big banks have steered clear of virtual currencies, the Wall Street giant will use its own money to trade in Bitcoin-related contracts.
ICOs are Cancer
I have been involved in a few venture-capital funded startups, so I’m used to getting introduced to entrepreneurs building software companies. It’s fun to see how people are building the future and a good way to give back. Over the past year many of the introductions I get are involved in ICOs, and I struggle with how to politely decline the intro and explain my disdain for …