On July 20, a hacker pulled off the second biggest heist in the history of digital currencies.
Around 12:00 PST, an unknown attacker exploited a critical flaw in the Parity multi-signature wallet on the Ethereum network, draining three massive wallets of over $31,000,000 worth of Ether in a matter of minutes. Given a couple more hours, the hacker could’ve made off with over $180,000,000 from vulnerable wallets.
The Blockchain startup Tezos pulled in a record-breaking initial coin offering (ICO) of about $232 million in a frenetic 13-day fundraise.
What had investors excited about Tezos was the fact that it’s a whole new blockchain (currently in alpha testing) that has 1) built-in methods for self-governance and 2) a potentially better approach to smart contracts than the well-established Ethereum blockchain.
Don’t blink, or you’ll miss it. On a quiet, sunny street in Buenos Aires, Argentina, just two blocks long, sits one of the biggest emerging hubs fueling a $100+ billion crypto market: The Voltaire House.
A growing number of blockchain projects have been imagined, developed, and launched from this 2,500 square foot house, including Streamium, Zeppelin Solutions, and Decentraland.
While surging markets have captivated investors, the stories behind some of the most innovative projects in crypto have remained untold — until now.
The DAO, a blockchain-based organization created last year, was supposed to demonstrate the potential of Bitcoin competitor Ethereum. Investors pumped $150 million of virtual currency into the project. But then in June 2016, hackers found a bug in the DAO's code that allowed them to steal $50 million from the organization, creating a crisis for the Ethereum community.
A Tuesday ruling from the Securities and Exchange Commission makes clear that security flaws were not the problem with the DAO. The agency says the DAO's creators broke the law by offering shares to the public without complying with applicable securities laws. Though luckily for the DAO's creators, the SEC isn't going to prosecute them.
I just published the first version of moon-lang. I’ve still not written a proper introduction to it, but, before I do, I’ll talk a little bit about one of its coolest features: decentralized imports.