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Bitfinex Struggles with Money Withdrawal, Community Observers Predict MtGox Scenario

Several observers from the Bitfinex community are pointing out severe problems with money withdrawal on the exchange, which might lead to it becoming “the next MtGox”. The risk may be related to the connection between Tether and Bitfinex and the concerns regarding redacted information that would normally be included in an audit. Some users are …

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Bringing IPO Success to the ICO World

Initial coin offerings, more commonly referred to as ICOs, are all the rage this year. Yet despite all the hoopla surrounding this new phenomenon, not everyone is impressed. Fundamentally, ICOs fail because the company is often unable to launch a viable product and reach their objectives. One upcoming ICO that is …

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Bounties, Explained

1. What are bounties? Bounty is a term for reward in the online gaming world. Yes, the term is borrowed from gaming. But the application is the key difference. Blockchain and cryptocurrencies provide new ways of leveraging reward mechanisms through smart contracts. Have you ever heard of Pavlov’s dog? Russian Nobel laureate Ivan …

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NEO Boom or Bust? New Announcements and FUD

Blockchain company NEO has had a spectacular weekend, by any accounting. The company made a number of important announcements, resulting in a significant price jump, with more announcements to come. The first announcement that sent the coin price hurtling up more than 15% was the use of NEO on the Ontology platform, a …

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Parity Multisig Wallet Hacked, or How Come?

Background Multisignature wallets are smart-contracts designed to manage crypto assets by the consent of multiple wallet owners. This type of wallets usually allows to set daily withdrawal limits, vote for withdrawals, vote for ownership changes, etc. With the big surge in crypto prices this year, many people are now holding significant amounts …

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Ethereum Continues Improvements Amid Bitcoin Bickering

The cryptocurrency world is in a fuss about Bitcoin and rightly so, with the cancellation of the SegWit2x hardfork and the sudden drop in pricing by nearly $1000 per BTC. However, the price drops and news has kept Bitcoin in the limelight while Ethereum has slowly been making improvements and growing its network. The second largest …

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‘Accidentally Killed It’: Parity Grapples With $280 Mln Locked ETH

A user of Ethereum’s Parity wallet “accidentally” quarantined funds worth $280 mln, revealing further vulnerabilities in the platform. Parity, which has suffered teething problems since its launch by former Ethereum co-founder Gavin Wood, is still trying to regain access to the “frozen” ETH. “… A user suicided the library-turned-into-wallet, wiping out the …

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