Bitcoin is not the only blockchain and certainly not the most notorious. It is, however, the most popular and so it must bear the brunt of negative popular opinion. Rémi Quirion, the Chief Scientist of Quebec, discussed how misguided popular opinion is about Bitcoin. He brings attention to the way…
6 posts tagged
Hackers
The Dark Side of Cryptocurrencies
Cryptocurrencies are of much concern to government authorities around the world for several reasons: they might undermine the standard of currencies issued by central banks, resulting in potential economic depressions worse than ever seen before; they're unregulated, which means activities involving cryptocurrencies could defraud investors of their personal wealth; and…
Coincheck hacked for $500 million and Japan takes action.
The hacking of a major Japanese cryptocurrency exchange is also helping to bring traditional financial services providers into the crypto market. On January 26, 2018, over $500 million was hacked from Coincheck, a cryptocurrency exchange; however, the exchange has since been sold to Monex Group, a large financial conglomerate. In…
Cryptocurrency Tether Hacked but Bitcoin Rebounds Higher than Anticipated
*$8,362.30 was an all-time high for Bitcoin *Hackers stole approximately $30 million from investors of a start-up cryptocurrency that was backed by dollars. This did not affect Bitcoin who had a stellar year, rising more than 730 percent. Another cryptocurrency was hacked, but bitcoin prices recovered quickly and…
Tether Claims More than $30 million Worth of Cryptocurrency was Stolen by Hackers
A new start-up that offers dollar-back digital tokens, Tether, stated a few days ago that its systems had been hacked. This is according to cryptocurrency news site, CoinDesk. The company claims that $30.95 million worth of tokens is gone. A deleted post on its website, Tether wrote, “malicious actions…
The Mt. Gox Hack
In 2014, Mt. Gox, one of the largest bitcoin exchanges on the globe and based in Japan, was on top of the world. They handled 70% of all bitcoin transactions globally. However, the end of February brought ruin and bankruptcy to Mt. Gox. Mt. Gox lost almost 740,000 bitcoins…