• Ethereum

    At contentious Consensus interview, Jimmy Song and Joe Lubin bet $550,000 on Ethereum’s future

    Bitcoin apostle calls out Ethereum and ConsenSys as targeting the gullible and greedy

    ConsenSys founder Joe Lubin just bet more than half a million dollars that Ethereum will be going strong in four years. Settling the terms of the bet between Lubin and Bitcoin missionary Jimmy Song on Ethereum’s success or failure took a year—it was made onstage at Consensus 2018—but it’s done.

  • Trading Apple shares on your phone is not as simple as this graphic implies.
    Ethereum

    Tokenized securities put real-world assets in the blockchain

    Apple stock and ownership in the St. Regis Aspen resort are among the first tangible assets to be tokenized

    On Jan. 7, digital exchange DX.Exchange, based and regulated in Estonia, began offering investors the ability to trade digital tokens backed by shares in 10 NASDAQ-listed stocks, including Apple, Amazon, Facebook, and Microsoft. And in October, crowdfunding platform Indiegogo sold tokenized shares of the St. Regis Aspen Resort to SEC-accredited traders.

  • 51% ATTACK
    Ethereum

    Ethereum Classic hack nets thieves $1.1 million

    The 51% attack saw control of the cryptocurrency’s blockchain taken over by bad actors

    Ethereum Classic, the cryptocurrency created after the main Ethereum developers led by Ethereum founder Vitalik Buterin split off in a June 2016 hard fork to reverse the theft of $55 million in coins, suffered another loss this week. On Jan. 5, a miner or group of miners managed to gain control of more than half of the Ethereum Classic mining power, or hashrate, in what is called a “51% attack.” This gave them the ability to double spend ETC coins—basically spending a newly created coin and then forking the ETC blockchain, allowing them to cancel the transaction and be able to spend that coin again. Called a deep chain reorganization,…