The Ill Wind of Bitcoin Exchange Hackings - Once Bitten, Twice Shy (Part2)
The blockchain technology is now sitting at a stage of evolution that is somehow similar to the that of the internet in the 1990s. No one can overlook the millions of dollars invested, the hefty merchant adoption and the large number of businesses inspired by bitcoin and the blockchain technology. Nevertheless, the lack of standardized security models has rendered most of today's bitcoin exchanges & businesses vulnerable to hack attacks, especially when basic security measures are overlooked. The aftermath of this immature and inconsistent handling of security issues has unfolded many....
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The latest lawsuit that unfolded the hacking scandal of Bitpay, which led to the loss of more than 5000 bitcoins, enkindled the whole "history of bitcoin exchange hackings" which is now flashing before my eyes, so I thought I can write a piece that looks through these scandals in an attempt to find a cure to this "plague" that is presaging the future of bitcoin. Bitcoin Exchange Hackings - An Introduction. It seems like not a month passes without me being hammered by the news of some bitcoin exchange or bitcoin payment processor getting hacked and losing thousands of bitcoins. Fortunately,....
Wietse Wind, founder of XRP Labs—one of the leading independent XRP Ledger development companies—has published an open letter to the community and Ripple. Wind is known for the Xaman wallet (formerly Xumm) and Hooks. The latter represents a smart contract functionality developed by Wind for the XRP Ledger, functioning as layer one custom code that […]
A misdirection of resources and an obstruction of progress, wind and solar energy reflect the same distracting qualities of altcoins.
And yet another Bitcoin exchange has bitten the dust. This time it's Bidextreme.pl. According to the website's homepage, a hacker (or group of) stole the site's user portfolio of Bitcoins and Litecoins, though they say "Cash and cash equivalents held in a bank account belonging to the platform users are safe." As far as being a Bitcoin exchange goes, Bidextreme says things are on hold. "We apologize for the inconvenience our users, but we are forced to suspend operations platform bidextreme pending investigation." Another unfortunate incident. This is certainly one of the downfalls of....
Dragon’s Tale is the most original Bitcoin Casino you can find. Dragon’s Tale was able to cook the right ingredients to develop a massive multiplayer role-play casino offering the most exotic games in the Bitcoin gambling industry. In dragon’s Tale, you can find a whole lot of casino-based mini-games which are very fun and amusing. One of these exotic games is the Stormcaller. The Stormcaller is a game for multiple players. It can be found in some of the islands of Dragon’s Tale near a wind tower. In this game, players will need to call a storm by saying how high they are willing to call.....