Over $20M Worth of ETH Stolen from Misconfigured Wallets

Chinese cybersecurity firm Qihoo 360 Netlab discovered that hackers have been targeting Ethereum wallets configured with open port 8545, with one attacker pillaging over US$20 million from various victims. The attack vector used by the perpetrators exists as a feature of most Ethereum wallets in which the software has been configured to expose the RPC … Read more

Bitcoin in Brief: Halting 51% Attacks and Where Now for Ripple?

The last 24 hours have been action-packed for the cryptocurrency markets, with digital assets rising off the SEC’s pronouncement that ethereum is not a security. But while most hodlers were toasting the agency’s announcement, one top five coin that failed to respond favorably was ripple. In today’s Bitcoin in Brief we consider where the SEC’s … Read more

SEC Executive: ‘Cryptocurrencies with Decentralized Structures Not Securities’

The Securities and Exchange Commission’s head of the Division of Corporate Finance, William Hinman, stated during the Yahoo All Markets Summit today in San Francisco that cryptocurrencies like BTC and ETH are not securities. Soon after the SEC executive made the statements, cryptocurrency markets saw some gains as BTC rose $350 immediately after the news … Read more

SEC Rules Ether not a Security, Markets Explode

Whether or not Ether is sanctioned as a currency under US jurisdiction has been a major point of speculation and uncertainty since the SEC first began its more active stance on cryptocurrencies and ICOs. As the Ethereum platform represents one of the first major ICOs, the future of platform rested majorly on the SEC’s interpretation … Read more

EOS Mainnet Launch Is Pushed Back Again

The world of cryptocurrency is always evolving. Even though some developments seemingly take a lot longer than people would like, that is the nature of this business. The EOS project, for example, is still awaiting the launch of its mainnet. While that is somewhat worrisome, it seems there is a more than valid reason for … Read more