CCN Week in Review: Heartbleed, Sidechains, Bitcoin Investments, and More
This week on CCN, we learned about the massive Heartbleed bug, the potential future of Bitcoin with sidechains, SecondMarket's new bitcoin investment fund, exciting new Bitcoin services, and more. Check out some of our top stories this week (7 April - 13 April) on this CCN Week in Review. [youtube http://www.youtube.com/watch?v=WHbL4xmbGts?rel=0]. Hacker Exploits Heartbleed Bug in BTCJam Heist. A programming error in OpenSSL versions 1.0.1 - 1.0.1f is causing panic across the Internet. Heartbleed is a very serious vulnerability in the OpenSSL cryptographic library. OpenSSL is used....
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Welcome back to another Bitcoin News in Review, where we look at some of the biggest stories of the week here on CryptoCoins News. This week (19 October – 26 October), we looked at sidechains, saw IBM plan to unveil a blockchain-based “internet of things” next year, saw Circle and BitPay comment on New York’s BitLicense, and more. Check out our video and keep scrolling for our articles on this Bitcoin News in Review. Sidechains are an innovative concept first proposed earlier this year. They have the potential to replace altcoins and “Bitcoin 2.0” platforms. Essentially, sidechains make it....
SideChains. No, SideChains is not the brother of prominent rapper 2Chainz (although it could be in the future, you never know). SideChains were first announced by Adam Back and Austin Hill on Let’s Talk Bitcoin. SideChains are basically new “blockchains” pegged to bitcoin similar to how the dollar used to be pegged to gold before Nixon removed the dollar from the gold standard in 1973. In theory, each SideChain would service a different purpose however they would all benefit from the adoption and benefits of bitcoin. Proponents of sidechains hail it as the end of altcoins while alternative....
Bitcoin Core Version 0.9.1 is out and it has addressed the Heartbleed OpenSSL vulnerability, also known as CVE-2014-0160. The vulnerability has been patched by major bitcoin exchanges in a matter of hours. In case you missed it, Heartbleed is a pretty big deal in the security community. The crypto bug in OpenSSL (an open-source implementation of the SSL and TLS internet security protocols that encrypt and secure internet traffic) has opened up two thirds of the web to eavesdropping. It was uncovered earlier this week and many observers described it as nothing short of catastrophic. Bitcoin....
In this week of closures, crashes and heartbleed, here are three of the biggest stories we covered on CoinDesk. Bitcoin price falls below $400: The price of bitcoin hit a low of $344 this week following deposit freezes at Chinese bitcoin exchanges. The initial drop happened after an announcement from Chinese exchange BTCTrade.com, which was then corroborated by similar statements from Huobi and BTC100.org. This is the lowest the price has fallen since November 2013. National Australia Bank turns back on bitcoin: NAB has decided to disassociate itself from bitcoin and will be closing the....
The authors of the much-discussed Bitcoin Sidechains paper "Enabling Blockchain Innovations with Pegged Sidechains," released in October, formed the company Blockstream to implement sidechains and accelerate innovation in digital currencies. In November, Blockstream closed a $21 million seed funding round with nearly 40 high-profile investors. The Bitcoin Sidechains paper envisages an ecosystem of "sidechains" separate from the main Bitcoin blockchain but interoperable with it by means of two-way pegs, allowing for the transfer of assets between sidechains and the main blockchain. A....