Slowmist: 46,470 ETH Stolen Due To Ecological Defects And Still Counting News

Slowmist: 46,470 ETH Stolen Due To Ecological Defects And Still Counting

Note: Slowmist is a blockchain security startup based in Xiamen. Last month, the team revealed an Ethereum defect named “Black Valentine”. The live summary  is still counting now.     Recently, SlowMist Security Team observed an automated piracy attack. The hacker used the authentication flaw of Ethereum node’s Geth/Parity RPC API to maliciously steal tokens via eth_sendTransaction. The attack lasted for about two years, the value of the stolen Ethereum (which has not yet been transferred) is around $20 million in total. In addition to that, there are also 164 types of tokens involved, and the total value of which is...
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Dispelling some myths about Bitcoin, from a Bitcoin fan News

Dispelling some myths about Bitcoin, from a Bitcoin fan

Many people who don’t know much about Bitcoin, or who have a poor grasp on economics, have severe misconceptions about Bitcoin. I do not attempt to dispel those myths here because many others have already done so. Rather, I’d like to dispel a few myths that are pervasive in many people who are generally knowledgeable about Bitcoin. While some of you may find that more than a few of these myths are “obvious”, they have all been included because I’ve encountered several otherwise intelligent people who believed them. If they do not enlighten you, at least let them be a...
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Beijing Bans All Venues from Hosting Crypto-Related Promotions News

Beijing Bans All Venues from Hosting Crypto-Related Promotions

Chaoyang District of Beijing has released an official notice to ban office buildings, hotels and all other possible venues in the district from hosting activities related to cryptocurrencies, according to the official notice released August 22 by the local financial regulator. As per the notice, to protect people’s property and safeguard the status of legal tender, to guard against money laundering risks and maintain the stability of the financial system, all shopping malls, hotels, restaurants, offices and other places shall not undertake any form of cryptocurrency-related promotion activities, according to the regulation on further clean-up of crypto trading places issued last August...
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A Safe Hard Fork is the same as a Soft Fork:Ending the Soft/Hard Fork Debate News

A Safe Hard Fork is the same as a Soft Fork:Ending the Soft/Hard Fork Debate

Original By: Jiang Zhuo’er This post was translated from the Chinese version originally posted on hiswift. The scaling debate has turned into a big ugly hairball in which the technical ideas, politics, and profit motives of all the players have become tightly entangled together, making it difficult for the casual observer to make heads or tails of the issues at the heart of this debate. The goal of this text is to perform a thoughtful and thorough analysis of both sides, to put an end to the fighting, and to cut to the main technological issues that are in contention....
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China’s Next 3 Measures to Stamp out Cryptocurrency Trading and ICOs Completely News

China’s Next 3 Measures to Stamp out Cryptocurrency Trading and ICOs Completely

China has been making relentless efforts to root out crypto trading and ICO activities, and the country is reported to further crack down on bitcoin-like speculative products and illicit ICO activities. Just a day ago, the country’s capital Beijing has banned all local commercial venues from hosting crypto-related events. Prior to that, China has introduced a blanket ban on ICOs and crypto trading last September, and later this January the country continued its crackdown on concurrency by limiting power supply in crypto mining. The ban this time targets at communication channels in the country, blocking crypto-related WeChat accounts, media outlets, and...
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360 Security found critical bug of EOS, Dawn might be postponed(Updated) News

360 Security found critical bug of EOS, Dawn might be postponed(Updated)

The 360 Vulcan team discovered a series of critical vulnerabilities in EOS, which is about to launch its mainnet on 2nd June. It has been verified that some of these vulnerabilities can remotely execute arbitrary code on the EOS node, which allows attackers to take over all nodes running on EOS remotely. 360 security has reported the vulnerability to EOS team and helped them fix the bug. According to EOS, the mainnet will not be launched until these issues are resolved. In the simulated attack, an attacker constructs and publishes a smart contract containing malicious code. The EOS supernode will...
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UOC:A Fully Decentralized Online Games Development and Publishing Ecosystem News

UOC:A Fully Decentralized Online Games Development and Publishing Ecosystem

UOC:A Fully Decentralized Online Games Development and Publishing Ecosystem UOC uochain@outlook.com August, 2018   Satoshi Nakamoto started the Bitcoin project in January 2009,proving the world that a peer-to-peer electronic cash system is feasible and secure. As a result,more people are now using the underlying blockchain technology to solve problems in various industries. This paper outlines how UOC, which inherits the underlying blockchain technology of bitcoin, and its revolutionary Specified Range Trusted Random Number Generator (SRTRNG) can help developers efficiently process transactions in nonfinancial spheres, such as online games. To achieve our goal,three basic techniques:Polymerized Smart Contract (PSC),Self-Certified Storage Chain (SCSC) and Proof-of-Game (PoG) are proposed.And they can...
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How A Mysterious Miner Could Decide Bitcoin’s Future News

How A Mysterious Miner Could Decide Bitcoin’s Future

Bitcoin’s “most professional mining pool” has become its most controversial. Following months of debate over how to scale bitcoin’s transaction capacity, the conversation has become newly contentious as progress on much-hyped solutions continue to face the kinds of delays that perhaps should be expected when working with novel technologies. This lack of progress (real or perceived) has so far most affected bitcoin’s business community, many of which are dependent on technical improvements in the network for additional growth. Indeed, while bitcoin’s primary development group has its share of detractors, the majority of startups and service providers continue to support Bitcoin...
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Huobi Former CSO Listed 3 Main Motivations Behind the Beijing Crypto Commercial Ban News

Huobi Former CSO Listed 3 Main Motivations Behind the Beijing Crypto Commercial Ban

Yesterday, local financial regulator of Chaoyang District of Beijing has released an official notice to ban venues, including shopping malls, hotels, restaurants and office buildings in this region from hosting events relating to cryptocurrency. Cai Kailong, former chief strategy officer (CSO) of Huobi exchange has demonstrated his point of view on the crypto venues ban in an interview with Tencent Financial. Cai indicated that, some of former P2P internet financial practitioners pull out of their usual work and embrace cryptocurrencies. The promotion methods used by these people have been recognized as a pyramid schemes-liked high-risk activity by financial regulators; plus...
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China’s Search Giant Baidu Shuts Down Some Cryptocurrency Sub-Forums News

China’s Search Giant Baidu Shuts Down Some Cryptocurrency Sub-Forums

Chinese internet search giant Baidu joins the government’s latest effort to suppress cryptocurrency trading and initial coin offering (ICO). The company has shut down several popular cryptocurrency-related sub-forums on its Tieba, a Reddit-like forum, the Beijing-based China Times reported on Sunday. Baidu’s initiative comes on the heels of Alibaba and Tencent, the other two members of China’s tech trio , reporting their escalated crackdown on accounts that are involved in crypto transactions on their mobile payment services. Baidu Tieba , along with Tencent’s messaging app WeChat, is the main online communication platform for Chinese cryptocurrency investors. At present, a search...
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