Coinbase Faces DOJ Heat Over Hack As It Enters S&P Spotlight
Coinbase saw its stock dip on its big day in the S&P 500. It closed at about $263, down from its high. Then came news of a US Justice Department probe into how hackers stole customer data. It’s a sudden turn for the exchange that just replaced Discover Financial Services on the index. Related Reading: Is […]
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What’s new this week with cryptocurrency? It seems like virtual finance just can’t escape the spotlight, and no matter where you look, there’s always something going on. ShapeShift found itself in the spotlight this week, experiencing a hot wallet hack. Things started out ugly when the digital currency exchange ShapeShift experienced a hot wallet theft that caused a temporary closure of its website’s current trading system. Cyber-attacks are nothing new when it comes to bitcoin, but ShapeShift is now claiming the hack came by way of an insider.
In the wake of the DAO hack, which had dire implications for the Ethereum blockchain, multiple exchanges acknowledged the existence of new alternative tokens, Ether Classic, based on the original Ethereum code. Exchanges accepted the new “ETC.” Ultimately, Coinbase worked towards the same. That decision turned out to be costly, as the exchange found itself in the middle of the war between Ethereum and its “Classic” rival. Coinbase Got Replayed. The company did suffer from a costly attack itself as fallout of the Ethereum attack. Coinbase CEO tweeted: The biggest news over the past two....
Two competing Bitcoin forums on popular social media website strike a startlingly different tone when it comes to one of the most popular and influential corporations in the Bitcoin industry: Coinbase. Bitcoiners like to express disdain for leading Bitcoin wallet service and exchange Coinbase on r/Bitcoin, the Bitcoin forum moderated by the controversial administrator Theymos, who faces criticism for censorship. R/btc, which sprouted as an alternative to r/bitcoin, strikes a more positive tone when it comes to the San Francisco startup. On Reddit, where Bitcoiners love to engage in lively....
Circle’s decision to unveil the Circle Payments Network (CPN) on 21 April has set the stage for the first head‑to‑head contest between a fully reserved stable‑asset rail and Ripple’s decade‑old Ripple Payments (formerly On-Demand Liquidity – ODL) product. Circle Enters Payments Arena Announced in a post on X, Circle describes CPN as “a streamlined way […]
Svante Lehtinen sat down with Bitcoinist to talk about the proposed HEAT ledger. Billed as a ‘blockchain 3.0 technology,’ The project claims to improve upon current blockchain technologies by dramatically improving transaction speeds through a synthesis of proof-of-stake and proof-of-work. Lehtinen is the project leader of HEAT and an experienced entrepreneur of 20 years. He is also the founder of the 2.0 cryptocurrency, FIMK, and the COB of the nonprofit Krypto Fin ry association. Svante Lehtinen on the HEAT Ledger Project. Could you give us an overview of what HEAT is? HEAT is a....