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need to know bitcoin

5 Things That You Need to Know About Bitcoin

Whether you are a social butterfly or live under a rock,there’s no doubt you’ve heard of Bitcoin. Perhaps you’ve even considered buying Bitcoin! It would be best to get informed first. Here’s what you need to know about Bitcoin. How Bitcoin Works Bitcoin is the first cryptocurrency, or virtual currency. It is created by the process of …

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paul vernon ceo cryptsy theft

Did Paul Vernon (Cryptsy CEO) Steal from his own exchange?

Cryptsy CEO Paul Vernon Stole from Exchange, Court Papers Alleges A recent development in the case alleges that Cryptsy CEO, Paul Vernon, or Big Vern, exchanged $3.3 million of cryptocurrency from the exchange to his and his wife’s bank accounts. This statement comes a receiver involved with the class action lawsuit continuing since the closure of cryptsy on January 16, 2016 …

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Bitfinex Hack Theft

What Does the Bitfinex Hack Mean for it’s Future?

Will Bitfinex Remain When the Dust Clears? We have always regarded Bitfinex as one of our favorite exchanges. This is primarily due to the lack of verification required for transferring Bitcoin on to the exchange, along with exchanging it for USD. This is similar to BTC-E as reviewed here. Since registering years ago, laws have changed, …

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Ether hack Dao theft

Ether/DAO Hack: Is Ethereum Dead?

Ethereum’s DAO Hacked… Here’s the How, Why, and When If you haven’t heard already, the DAO part of the ethereum network has been hacked. Funds have been draining from the fund since the hack, totalling nearly 60$ million. This hack exploited a recursive calling vulnerability. Essentially the hacker split transactions then sent the split the …

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Erik Voorhees Shapeshift Hack Interview

Interview with Shapeshift.io CEO: Erik Voorhees

Interview with Shapeshift.io CEO: Erik Voorhees Shapeshift.io is our premier choice for converting (read: exchanging) cryptocurrencies. It is an invaluable tool for anyone interested in diversifying cryptocurrency holdings. Our preferred method is obviously direct, but Shapeshift has beat our expectations time and time again. With the recent shapeshift hack, many have been wondering the security …

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Shapeshift hack

Shapeshift.io Compromised and Funds Stolen

Shapeshift Compromised in Hack Shapeshift has been down the past few days according to their site for scheduled maintenance. According to the CEO of Shape Shift their servers had a security breach. The reassuring part is that the way they’re designed Shapeshift doesn’t hold customer balances, so even in the case of a security breach, there …

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bitstamp hack

Bitstamp Exchange Theft: Trusting BTC Exchanges

Bitstamp Theft: Trusting Bitcoin Exchanges Since Bitstamp’s theft of 5.1$ million of bitcoin (~16,000 bitcoin), their shutdown response, and anticipated reopening, the bitcoin community, even the mainstream media couldn’t resist speculating on the future of currency, bitcoin. The bitcoin which was stolen, was immediately recognized on blockchain.info and labelled at this address. It’s strange how the …

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