TagDAO

Ethereum: We Haven’t Seen the Last of the Bug That Killed the DAO

crypto hacker cryptocurrency theft

More than two years after the collapse of The DAO thrust the Ethereum community into civil war, one of the bugs that caused that caused that black swan event continues to lurk in many smart contracts, waiting to be exploited by hackers. That’s according to Emin Gün Sirer‏, a computer science professor at Cornell and the co-director of cryptocurrency research initiative IC3, who said that he has...

Parity Technologies Suggests Hard Fork To Release Locked Ether

Ethereum price

Parity Technologies, having suffered a multi-signature wallet bug that froze hundreds of millions of dollars' worth of Ether, noted ongoing issues with Ethereum in a recent blog suggesting a course of action to rescue the funds. From its very beginning, users of Ethereum have had to deal with a command line interface with little tolerance for errors, sending thousands of Ether to 0x0, the blog...

SEC’s DAO Ruling Brings More Oversight to ICOs, Industry Observers Agree

ICOs

The day of quick ICOs based on an investment concept rather than a new functionality concept is over in the United States. That’s one of the main implications of this week's Securities and Exchange Commission (SEC) finding that DAO tokens are a “security,” and subject to federal securities laws.   Cryptocurrency industry observers generally welcome the SEC report on its investigation into...

Harbour Releases White Paper on Ethereum-Backed DAO for Managing Token Assets

ethereum

Harbour is a DAO allowing users full control over the projects they would like to participate in and in the types of tokens they would like to keep or sell. The Ethereum-powered system of smart contracts utilizes the power of the crowd to manage token assets. In a whitepaper Harbour released on July 1, 2017, the firm outlined the details of its completely autonomous DAO for determining...

SEC: Initial Coin Offerings Must Be Regulated

If you thought a lot of ICOs were limiting US participation due to zealous regulators already, wait until you read the following: SEC has concluded that DAO tokens are a “security,” which should be regulated. The report spends a lot of time establishing that the DAO was in fact a centralized organization, describing actions that run parallel to those of any struggling start-up which has actual...

Was the DAO the Best Thing to Happen to Ethereum? And, Can We Have It Back?

Ethereum DAO

For the first time in human history, around $250 million was stolen last summer, then, by just a code upgrade, the theft was prevented and the money was given back to the rightful owners. Back then, some said that if ethereum collectively decides to save its own people, the currency is doomed. Now, not even a year later, the market says the currency and platform is in fact worth some five times...

Can Smart Contracts Revolutionize Companies and Freelancing?

There are 53 million freelancers in America alone in what some are calling a workplace revolution. One aspect of smart contracts could accelerate this process and perhaps provide a glue for freelancers to join forces. It promises to make us all CEOs and board of directors while getting rid of useless job interviews and 9-5 work hours. But, let’s go a bit slower. In a high-level advisory meeting...

Deadline for Ethereum Classic DAO Withdrawals Extended

The White Hackers Group has extended the deadline for withdrawing DAO tokens on the ETC chain from the 15th of April 2017 to 10th of January 2018. The extension was made on the 10th of April this year as, despite loud warning of the looming deadline, some 1.5 million ETC, worth around $4 million, remained in the contract at the time of the deadline. All users who had DAO tokens are able to...

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