Day: March 6, 2020

Trident Crypto Fund Data Breach: 266,000 Passwords Stolen

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In a major privacy breach, the usernames and passwords of more than a quarter of a million Trident Crypto Fund customers have been stolen and published online. Technical director of cybersecurity firm DeviceLock Ashot Oganesyan told Russian news outlet IZ the database — which contains email addresses, cellphone numbers, encrypted passwords and IP addresses — had been uploaded to various file sharing websites on February 20. Earlier this week, hackers decrypted and published close to 120,000 of the passwords, potentially enabling them to log into affected users’ accounts and access…

London Blockchain Summit: Crypto Meets Coronavirus

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Day One, March 5 The world has a fever. A fever for blockchain. But that’s not the only infectious substance in the room. The spectre of the spiralling Coronavirus crisis looms large over today’s conference in the United Kingdom. London has sold out of hand sanitizer and some of blockchain’s biggest names are fist-bumping and elbow-tapping at London Blockchain Week to avoid hand contact. Although the summit is about extolling the virtues of blockchain, coronavirus is the elephant in the room. And there’s certainly room for an elephant in the…

The History of the Bitter Debate Over Ethereum’s ProgPoW

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The Ethereum (ETH) community has recently been engaged in a bitter debate sparked by a proposed mining algorithm change. Dubbed ProgPoW, the proposal would invalidate all currently existing ASICs to only allow mining Ethereum with a GPU. While ProgPoW was born in 2018, it has seen alternate periods of stasis and active discussion during the two years of development. The latest round of debates was sparked by what, to some, seemed like a sudden reintroduction of ProgPoW into the Ethereum roadmap. During the Feb. 21 Dev call, Ethereum Improvement Proposal…

Bitcoin Likely to Surge 200% to $30,000 If This Key Resistance Breaks

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Since the crypto bubble of 2017-2018, investors have been waiting for Bitcoin to surmount its $20,000 all-time high. While BTC reaching a price above $20,000 seems to be a quixotic dream at best, a prominent cryptocurrency trader has suggested that the cryptocurrency is preparing for a rally to $30,000 — if this one resistance can be breached that is. Bitcoin Breaking This Crucial Level Could Set Stage for Surge Brian “Ledger Status” Krogsgard, a prominent cryptocurrency trader with nearly 70,000 followers on Twitter, recently shared the below chart, showing that…

The Steem Takeover and the Coming Proof-of-Stake Crisis

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The Steem blockchain reportedly experienced a troubling episode recently, whereby the blockchain’s entire governance system was disturbed. Tron founder Justin Sun, new owner of the Steemit social network based on the Steem token, appears to have successfully executed a takeover of Steem by leveraging not only tokens directly controlled, but also tokens held on several major exchanges, in order to vote out the previous delegates (Steem uses a delegated proof-of-stake system) and install new ones. This means that customers of these exchanges likely had their funds used without their consent…