Tag Archives: Bitcoin

Researchers Bare Bitcoin Price Manipulation

Bitcoin Ecosystem

Four researchers have revealed price manipulation in the Bitcoin (BTC) ecosystem. The revelation, along with other findings, were disclosed by researchers Neil Gandal, JT Hamrick, Tyler Moore, and Tali Oberman in a paper titled “Price Manipulation in the Bitcoin Ecosystem.” The paper appeared in the latest edition of the Journal of Monetary Economics. Controlled by Bad Actors The report described …

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EtherDelta Suspends Service After Hack

EtherDelta

  Famous cryptocurrency exchange company EtherDelta has suspended its operations after being hacked. Hackers replaced the company’s website with a fake portal that steals money, according to a Mashable article. EtherDelta Statement EtherDelta reported that “at least 308 ETH” (equivalent to $266,789) were stolen, along with “a large number of tokens potentially worth hundreds of thousands of dollars.” TechCrunch said …

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Bitcoin Tycoon to Give $86M Worth of Bitcoins to Charity

Bitcoin Tycoon

A Bitcoin (BTC) tycoon announced that he would be giving away a little over 5,000 bitcoins worth $86.4 million to charity. (Read: What’s Bitcoin?) The anonymous cryptocurrency “whale” (another term used to describe those who own lots of bitcoins) announced on Reddit that he has set up the Pineapple Fund for his philanthropic endeavor. A website was also created for …

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Bitcoin Mega-Heist: Company Loses Millions of Dollars

Bitcoins

Bitcoin Mega-HeistHackers “stole” an approximate $80 million worth of Bitcoin from NiceHash – a cryptocurrency mining company based in Slovenia. (Read: Millions ‘Stolen’ in NiceHash Bitcoin Heist) In a six-minute Facebook livestream, the company’s founders, Marko Kobal and co-founder Sasa Coh, apologized for the incident and assured customers that they are doing all they can to recover the stolen Bitcoins. …

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