Coincheck Faces Pressing Questions in the Wake of the World’s Biggest Hack Date: in: Bitcoin 10 Views It was, by any reckoning, a huge haul. Between $400 million and $534 million dollars of NEM stolen, depending on whether you go on its value at the time or once the market had reacted to the news.…
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Bitcoin Bitcoin / Bitcoin 1 hour ago 33 Views comments It was, by any reckoning, a huge haul. Between $400 million and $534 million dollars of NEM stolen, depending on whether you go on its value at the time or once the market had reacted to the news. At a press conference on Friday afternoon,…
The Past, Present & Future of Bitcoin Mining – Daily Fintech
The Past, Present & Future of Bitcoin Mining Bernard Lunn 2 days ago This is Part 1/chapter 8 in The Blockchain Economy serialised book. For the index please go here . In this post/chapter we return to the infrastructure portion of the book. 101: “Bitcoin Mining” is the process of solving a cryptographic puzzle using…
The cryptocurrency market just suffered a theft worse than Mt. Gox
Bitcoin prices and the value of other cryptocurrencies dropped on Friday as Tokyo-based Coincheck Inc. revealed that as much as $530 million in digital assets had been stolen, eliciting shades of the Mt. Gox hack back in 2014. In fact, at about half a billion dollars in digital assets absconded, the hack would represent the…
Coincheck Faces Pressing Questions in the Wake of the World’s Biggest Hack
Contributor News , stream “ It was, by any reckoning, a huge haul. Between $400 million and $534 million dollars of NEM stolen, depending on whether you go on its value at the time or once the market had reacted to the news. At a press conference on Friday afternoon, the stunned Coincheck team painted…
Coincheck Faces Pressing Questions in the Wake of the World’s Biggest Hack – Universal Coin Trade
Coincheck Faces Pressing Questions in the Wake of the World’s Biggest Hack Wallets It was, by any reckoning, a huge haul. Between $400 million and $534 million dollars of NEM stolen, depending on whether you go on its value at the time or once the market had reacted to the news. At a press conference…
“Biggest Theft In Crypto History”: Over $400 MILLION Stolen From Japanese Crypto Exchange
– “Biggest Theft In Crypto History”: Over $400MM Stolen From Japanese Crypto Exchange: Earlier today we reported that cryptocurrencies tumbled overnight after one of the most popular – if unlicensed – Japanese exchanges, Coincheck, halted withdrawals of funds and cryptos amid broad confusion as to what prompted the halt. Additionally, Coincheck said it had stopped…
Most Cryptocurrencies Are More Centralized Than You Think
74 Most Cryptocurrencies Are More Centralized Than You Think The whole point of cryptocurrencies is that they’re decentralized. Peer-to-peer cash; trustless exchange; bypassing intermediaries. So why are numerous cryptocurrencies structured more like central banks? From adjusting wallet balances to controlling nodes, many crypto projects behave just like the financial institutions they were meant to replace.…
Over $400 Million Stolen From Hacked Japanese Cryptocurrency Exchange
0 SHARES Earlier today we reported that cryptocurrencies tumbled overnight after one of the most popular – if unlicensed – Japanese exchanges, Coincheck, halted withdrawals of funds and cryptos amid broad confusion as to what prompted the halt. Additionally, Coincheck said it had stopped deposits into NEM coins, a hint that something was very wrong…
What You Need to Know About Bitcoin and Cryptocurrency Taxes
Twitter It’s an exciting (and frustrating) time for Bitcoin and cryptocurrencies. In late 2017, numerous coins experienced soaring growth Bitcoin Explained: Why Is It Worth So Much Money? Bitcoin Explained: Why Is It Worth So Much Money? Bitcoin is skyrocketing in value, but should you invest or is a crash coming? Let’s look at what…