The Mt. Gox bitcoin hack is probably the most vivid example of how fragile the cryptocurrency world has been in the near past. Mt. Gox was a bitcoin exchange based in Japan that handled over 70% of all bitcoin transactions around the world, and was the leading crypto exchange during 2010 - 2014. However, Mt.…
Read moreSocial media startup Steemit, which just last week used a Million Dollar digital currency giveaway to build traffic, looks like it has given away a little more than planned. Steemit.com was the subject of a successful hack attack yesterday, which saw some client data compromised and some Steem Dollars stolen, although after a very hectic…
Read moreThe following guest post is one of a series courtesy of Marco Streng, CEO and Co-founder of Genesis Mining. [divide] In February of 2014, MtGox, the first and largest Bitcoin exchange, filed for bankruptcy. At the time of the bankruptcy it held over $400 million in client funds. At that time MtGox CEO Mark Karpeles declared that…
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