The CEO of Upbit, one of the largest cryptocurrency exchanges in the world, confirmed that it has been hacked and robbed for nearly $51 million in Ethereum cryptocurrency. All transactions on the exchange have been suspended.
Some time ago, Vitalik Buterin participated in Eric Weinstein's podcast in which he revealed some of his life's details. He talked about, among others, holding the position of reporter in Bitcoin Magazine and about launching Ethereum. Not everything was as colorful as it might seem.
Vitalik Buterin is afraid of the increase in transaction costs on the Ethereum blockchain. This situation can have considerable consequences for his project.
In the course of human history, blockchain became a breakthrough technology. Since the creation of bitcoin, people have been looking for a different use for a distributed ledger apart from it just creating new crypts. The invention of the Bitcoin-independent blockchain network - Ethereum network turned out to be a breakthrough in the so-called distributed technology
31-year-old hacker, Eliyahu Gigi, an Israel citizen, was accused of stealing nearly 6 million shekels using cryptocurrency.
This weekend was not easy for crypto assets, for sure. More specifically, almost all cryptocurrencies recorded significant losses in just 48 hours.
Blockchain building requires a large amount of energy, lots of it. Is there any other, cheaper way of blockchain building? Sure there is!
Anatoly Aksakov, the chairman of the State Duma Committee on Financial Markets has finally explained the problems with cryptocurrencies, although he did so by accident. After announcing potential penalties for miners, he stated that possession of Bitcoin, despite the ban, is still possible.
As a press release from the 23rd of May informs, a Hollywood film producer, Ryan Kavanaugh, has acquired investors who have allocated a total of as much as $ 100 million to a token that allows financing media content.
Ethereum (or Ether) is the second most popular cryptocurrency in the world after Bitcoin. It's appreciated by the traders for its stability and market cap.
Smart Contract is the next step in the blockchain technology development. It transfers the protocol of financial transactions to a universal tool, which will implement contract terms automatically. This will minimize the risk of errors and manipulation.
The hype for cryptocurrencies, especially Bitcoin, started a few years ago. Since the Bitcoin’s boom in 2017, when its price crossed the point of $10 000, BTC’s value has been dropping significantly.
