KyberNetwork, a highly anticipated decentralized cryptocurrency exchange, has announced the official conclusion of their one and only public token sale after raising 200,000 ETH from over 21,000 unique addresses. In an announcement, the company said that over 23,000 transactions were facilitated on their token sale smart contracts and that KNC tokens were transferred to contributors immediately and with relative ease and minimal waiting time. The company also said that because their communication process was distributed across multiple channels, including Slack, Telegram, Twitter and WeChat, allowing information and alerts to be disseminated properly and quickly to prevent scammers or trolls. A total of 4 phishing sites and 4 fake twitter accounts were found and thwarted during the ICO and the company successfully detected and prevented a hack attempt on their blog.
Orlando entrepreneur Victor Hugo Romero is hoping the next gold rush happens online, in virtual currency. Romero recently got a money-transmitters license from Florida to operate a virtual currency exchange. He’s running his business, Mercury Cash, from a warehouse off South Orange Avenue. The best-known virtual currency is Bitcoin, which has gotten more popular and gained in value during the past two years. You can buy Bitcoin at some specialized ATM machines in Orlando, if you sign up for a free account called Bitcoin wallet. Romero deals in a currency called Ether, which ranks second to Bitcoin among their competitors. He likes to explain virtual currency by referencing Spotify, the popular online music-streaming service.
An unknown hacker or group of hackers has targeted some video streaming and gaming sites with “malvertising,” which uses online ads as channels to transmit script that causes visitors’ browsers to mine altcoins for the perpetrator. A blog post by ESET malware researcher Matthieu Faou revealed that an actor, or set of actors, has been using “malvertising” to harness the computing power of unsuspecting visitors to certain websites for the purpose of mining altcoins. The term “malvertising” refers to the practice of delivering malicious code to a website via an online ad network without the victim actually downloading anything to the affected device. Advertising network operators are unaware of the malicious content being sent to websites on the network. The content contains code that can adversely impact the browsing experiences of these sites’ users and potentially even put their privacy at risk.
The Central government is considering a proposal to introduce its cryptocurrency similar to Bitcoin. Sources close to the development said that the proposal was discussed by a committee of government officials, and the panel found the idea of setting up and running blockchain for financial services useful. Whenever the decision is taken, the cryptocurrency will fall in the domain of the Reserve Bank of India (RBI) and some Acts such as the Currency Act might have to be amended. Hence, this will be a time-consuming process.
THIS newly-renovated townhouse has just hit the market for $2.76 million, but there’s a catch. The vendor isn’t interesting in cash or cheques. A POSH London townhouse could become the first piece of real estate in the United Kingdom that money actually can’t buy. Entrepreneur Daniel Roy has put a freshly-renovated three bedroom home in Peckham, a rapidly gentrifying suburb in the city’s southeast, up for sale. The Sun reports it’s worth about $2.76 million Australian, but he’s not particularly interested in cash or cheques — instead, he said he’ll consider offers above 500 Bitcoin.
Crypto-tokens enable the Medicine Man Club to operate in a Dave and Buster's-esque fashion. The Medicine Man Club, a marijuana events space in southeast San Diego, introduced its own cryptographic token in July, the “Medicine Man Token” (MMT). Token holders have exclusive access to what founder Robert Mcpherson calls “a country club for marijuana.” Crypto-tokens have exploded into a nine figure industry in 2017. Usually making use of the Ethereum blockchain platform, companies and projects are designing their own cryptocurrency-like tokens and issuing them through various means, including the controversial crowdfunding mechanism, the ‘initial coin offering’.
According to a report by the security firm FireEye Inc., North Korean hackers have been targeting South Korean cryptocurrency exchanges. “These are essentially places where people can buy or sell cryptocurrencies ... like bitcoin or ethereum. It's similar to how you might trade on the stock market, but specifically for cryptocurrencies,” says Luke McNamara, the FireEye analyst who wrote the report. FireEye has confirmed that South Korean cryptocurrency exchanges have come under attack at least three times in recent months. Researchers believe the North Korean hacking group behind these attacks is working alongside the Kim Jong-un regime.
Since the dawn of burger-flipping, the same riddle has plagued restaurateurs — why should the company’s long-term prospects matter to workers who are paid hourly? Even the best answers have big detractors; just this week, Mario Batali said it’s “odd” to think raising wages is a solution. But a San Francisco start-up that does on-demand pizza is trying a novel (and very Silicon Valley circa 2017) approach: To build morale and help turnover, Pythagoras Pizza wants to give workers something akin to equity in the company. Naturally, this must involve creating a brand-new cryptocurrency that CEO Evan Kuo calls “fragments.” The aim is to pioneer a model “in which all contributors can share in the success of the companies they help build,” he writes in a post on Pythagoras’s website.
Beijing has ordered all affected bitcoin exchanges to post a notice of their closure by midnight on Friday. Now, the exchanges are urging customers to withdraw their funds as regulators have also set a deadline for them to come up with plans to allow withdrawals “in a risk-free manner.”
Bitcoin prices rose more than 25% yesterday, climbing higher after suffering a sharp sell-off over the last few days. The digital currency had surged to as much as $3,747.73 at the time of report, after plunging to $2,951.15 earlier in the day, according to the CoinDesk Bitcoin Price Index (BPI).