Die. DIE! Why won't you die..? - Bitcoin Essay by Jason Moola
I suspect that this question will be directed repeatedly, and with increasing desperation, and most likely real physical violence, by the powers that be, in the direction of Bitcoin. It's going to be a dogfight, but things are different now. Bitcoin Essay by Jason Moola. Like a new universe, suddenly and without warning, exploding into being. The Bitcoin Genie is out of the bottle. We have, in our lifetime, witnessed the birth of 'something' where there was 'nothing'. Before the mysterious Satoshi Nakamoto released the Bitcoin protocol into the digital universe, there was nothing, or at....
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Moola, a decentralized finance (defi) lending and borrowing platform, was recently exploited for $8.4 million in what has been described as an “incredibly simple attack.” Moola responded to the attack by pausing all activity on the platform. The defi platform also told the attacker(s) it was willing to negotiate a “bounty payment in exchange for returning the funds within the next 24 hours,” and Moola Market has since claimed that “93.1% of funds have been returned to the Moola governance multi-sig.” Funds Siphoned From Moola The decentralized finance....
On Tuesday, a hacker exploited a vulnerability in the Celo-based Moola Market lending protocol and stole $8.4 million. But in a turn of events, the hacker restored 93.1% of the stolen cash on Wednesday morning. The Celo blockchain platform confirmed the occurrence in a tweet at 19:03 BST on Tuesday, October 18. After learning of […]
The attacker has scored about a half-million dollar “bug bounty” after choosing to return a majority of the cryptocurrency they exploited from the Celo-based lending protocol. An attacker has returned just over 93% of the more than $9 million worth of cryptocurrencies they exploited from the Celo (CELO) blockchain-based decentralized finance (DeFi) lending protocol Moola Market.At around 6PM UTC on Oct. 18 the Moola Market team tweeted it was investigating an incident and had paused all activity, adding it had contacted authorities and offered a bug bounty to the exploiter if funds were....
The recent drop in bitcoin price has given ammunition to bitcoin skeptics. But this weekend, readers of The Wall Street Journal got a long-term perspective on bitcoin with an essay titled, “The Revolutionary Power of Digital Currency.” The essay sported a dazzling illustration showing of the headline bursting out from an unzipped leather wallet. A side note advised readers the 2,472-word essay by Michael J. Casey and Paul Vigna is adapted from a new book by St. Martin’s Press. The book is titled, “The Age of Cryptocurrency: How Bitcoin and Digital Money Are Challenging the Global Economic....
Longtime blockchain developer, enthusiast and Ripple executive has warned in a new essay that blockchains could bring about a dystopia. Ripple Exec Cites Failures of Social Consensus Model. Stefan Thomas, Chief Technology Officer at Ripple Labs, a leading private and public ledger company, wrote an essay titled “The Subtle Tyranny of Blockchain.” The blockchain industry, he writes, foresees a blockchain revolution across a swathe of industries like finance, international trade and health care. However, Thomas pens, “blockchains are a pain to work with.” “Harmony and consensus are valuable.....