Saturday, 17 Nov 2018
Category: distributed computing

Pure Bit, a South Korean exchange, pulls a $2.8 million exit scam

Another day, another exit scam. This time it comes to us from South Korea, where an exchange, Pure Bit, has completely shut down after raising $2.8 million in Ethereum from investors. The exchange, which promised to deliver something call Pure Coin, was live yesterday and today is completely shut down after posting “Sorry” and “Thanks” […]

The collapse of ETH is inevitable

Jeremy Rubin Contributor Share on Twitter Jeremy Rubin is currently a technical advisor to Stellar, a Bitcoin Core Contributor, investor and advisor to early-stage crypto startups, starting a company for Bitcoin scalability and privacy solutions, and a freelance consultant for cryptocurrency tech fundamentals and due diligence. Previously, Jeremy also co-founded the MIT Digital Currency Initiative, […]

Kik launches beta product after $100 million ICO

Kik made waves last year after a successful $100 million ICO. Now the company has released its first beta product related to its Kin token. Called Kinit, it’s a simple wallet that enables users to earn, store, and spend its tokens. “Kinit is a fun, easy way to earn Kin, a new cryptocurrency made for […]

The future of Ethereum looks bright

In what amounted to one of the most far-reaching and interesting conversations at TC Sessions in Zug, Ethereum masterminds Vitalik Buterin, Justin Drake, and Karl Floersch spoke openly – and often candidly – about a bright future for Ethereum scaling and, more interestingly, their way to build teams that work. “There’s definitely changes that we […]

This smart contract scanner will ensure your token is tip-top

A group of researchers at ETH Zurich have created an Ethereum smart contract scanner that will check your smart contracts for bugs, exploits, or potential problems. The researchers, Dr. Petar Tsankov, Dr. Hubert Ritzdorf, Prof. Martin Vechev, and Dr. Arthur Gervais, all have extensive experience in system security and they are working on improving the […]

ICOs are becoming funds

What does a startup do with $48 million? $130 million? $1.7 billion? This question – one integral in the whole ICO craze – hasn’t quite been answered yet but it’s going to be far more interesting as ICOs and cryptocurrencies transform from purely product-oriented companies into actual funds. Take the news that the creator of […]

Not just another decentralized web whitepaper?

Given all the hype and noise swirling around crypto and decentralized network projects, which runs the full gamut from scams and stupidity, to very clever and inspired ideas, the release of yet another whitepaper does not immediately set off an attention klaxon. But this whitepaper — which details a new protocol for achieving consensus within a […]