Tether Just Got Hacked! Thief Runs Off With $31 Million In Crypto

Tether Just Got Hacked! Thief Runs Off With $31 Million In Crypto

Just out, The cryptocurrency, Tether has been hacked. And the hacker has run off with $31 million worth of tokens.

Currently Tether is at #20 on coinmarketcap.com totaling $634,400,000. The startup company from Santa Monica, California provides a Dollar backed cryptocurrency. Basically Tether enables traditional currency to be used like digital currency. They facilitate US dollar, Euro, and soon Yen transfers between crypto exchanges such as Bitfinex and Poloniex.

From thehackernews.com:

According to an announcement on the company’s official website posted today, the unknown hacker stole the tokens (worth $30,950,010) from the Tether Treasury wallet on November 19 and sent them to an unauthorized Bitcoin address.

The stolen tokens will not be redeemed, but the company is in the process of attempting token recovery in order to prevent them from entering the broader cryptocurrency market.

The attacker is holding stolen funds at the following bitcoin address:

16tg2RJuEPtZooy18Wxn2me2RhUdC94N7r

 

About Tether:

 

 

Worried About Getting Hacked?

One of the main pillars of the cryptocurrency industry is real ownership. With your private keys you can prove that digital currency is yours and that you control it. With traditional central banks, they hold you money and technically own your account. They control it, not you.

This is a huge advantage and improvement of banking and money systems of the past. However, with real ownership comes real responsibility and stewardship. Do your due diligence and research on crypto projects. Many have secure and decentralized blockchains, but not all.

We suggest diversifying your crypto portfolio to hedge against the loss via hacking. And store you crypto across several wallets. We also advise people to use decentralized exchanges such as BitShares. Centralized exchanges and platform are vulnerable to hacks, truly decentralized systems are not.

bitshares accepted here

Japan Might Launch It’s Own Crypto Called J-Coin

Japan Might Launch It’s Own Crypto Called J-Coin

The 2020 Olympic Games will happen in Tokyo, Japan and the Japanese want to be ready for the influx of people that will come into the country for the event. Banks in Japan are now hoping to create a digital token and fully replace cash before the Olympic Games. The goal is to make the Japanese financial system more streamlined as cash transactions cost significantly more than digital transactions.

From CoinTelegraph:

“The J-Coin is intended to function in tandem with the Yen, rather than replacing it. The coin would be exchanged at a one-to-one ratio. The service for the coin would be offered freely but would be a means of tracking transactions that is far more complex in a cash-based society.

The coin will likely see release in the coming years, though the infrastructure of the system is not yet clear. It may be based on Blockchain technology, but the specifics are as yet unreleased. Recent reports from the Bank of Japan indicate that it does not consider Blockchain technology ‘mature’ enough to handle transactions.

The suggestion of a government cryptocurrency falls in line with the idea that governments around the world are seeking to start their own proprietary cryptocurrencies.”

Get Ready! Hardware Wallets Are Coming To Exodus – The Full Exodus Wallet Roadmap

Get Ready! Hardware Wallets Are Coming To Exodus – The Full Exodus Wallet Roadmap

Exodus is easily one of our favorite Bitcoin and cryptocurrency wallets. The UI is amazing, you can store a multitude of different blockchain tokens and there is a built in exchange tool.

AND EXODUS LETS YOU CONTROL YOUR PRIVATE KEYS 👍

Currently Exodus supports Aragon, Augur, BAT, Bitcoin, Civic, Decred, Dash, EOS, Ethereum, Gnosis, Golem, Litecoin, OmiseGo, Qtum and SALT.

And now It has been confirmed! Hardware wallets will be available for Exodus!

“The Exodus team is very keen to add hardware wallet support (e.g. Trezor, KeepKey, Ledger Nano). I can also tell you that personally JP and I both want hardware wallet support ASAP… We also have heard from a number of high-net worth investors this is the ideal platform with the added hardware auth.

We can likely expect support for hardware wallets on Exodus sometime in 2018. The roadmap below has all the details on what Exodus plans to work on.

From woobull.com:

 

The Full EXODUS Roadmap

Feature Standard Release Eden[1]Release Details
Bitcoin 2015.12.09
Litecoin 2015.12.09
Dogecoin Removed Available in the initial 0.4.0 public release (2015.12.09), but removed for users with zero balances in 1.31.0 (2017.08.03) and fully removed from 1.34.0 onwards (2017.09.14) see Reddit post for more details.
Ethereum 2016.02.12 ERC20 asset support in v1.23.0 (2017.04.14)
Dash 2016.04.08 Excludes InstantX and PrivateSend features.
Golem 2017.04.14 Golem is the first ERC20 token to be supported by Exodus.
Augur 2017.04.27
Decred 2017.06.22 Excludes support for staking, but this is under evaluation for a future release.
EOS 2017.07.06
Aragon 2017.07.06
Gnosis 2017.07.20
OmiseGo 2017.08.25
Basic Attention Token 2017.08.31 2017.08.25
Civic 2017.09.14
Qtum 2017.08.31 2017.08.25
0x 2017.08.25
Bancor 2017.08.25
Bitcoin Cash 2017.08.25
DigixDAO 2017.08.25
District0x 2017.08.25
FirstBlood 2017.08.25
FunFair 2017.08.25
Metal 2017.08.25
Status 2017.08.25
Storj 2017.08.25
Wings 2017.08.25
Factom 2017.08.31 Private beta released 2017.02.10
SALT 2017.09.20
Ethereum Classic 2017.09.23

Exodus Eden Updates

  • 2017.08.25 : v1.32.0
  • 2017.08.31 : v1.33.1 : FCT
  • 2017.09.20 : v1.34.2 : SALT
  • 2017.09.23 : v1.34.3 : ETC

Future Roadmap

Feature Status Details
SEGWIT developing Support for Bitcoin SegWit transactions, currently under development, will reduce transaction fees.
Ripple developing
NEO developing
Monero 2017 Monero remains on the Exodus roadmap and we are excited to include this asset. Unfortunately, the UI/UX of Monero remains difficult and is still not ideal. Today novice users continue have difficulty with transaction notifications from the current beta GUI wallet from the Monero core team. Because Exodus does personal one-on-one support for each Exodus user we feel including Monero too early would cause a massive support burdon and confuse casual digital asset enthusiasts. Good news is we are getting closer and we do expect Monero to be included in 2017. Although pros and technical users may like bleeding edge technology, until Monero is rock solid, tested and “dog-fooded” internally Exodus will not release Monero until it is ready for “normal” (non-technical) digital asset consumers. Exodus posted an update on Reddit regarding the history and details on XMR integration (Jan 31, 2017).
ICONOMI 2017 Iconomi is an ERC20 token and expected to be released in 2017
Omni 2018 Likely in 2018. Omni, Maid, Tether all fall in the same body of work for Exodus
Maidsafe 2018 Maid is an Omni token and was expected to be released in 2017, but now delayed until 2018. These assets are built on the Bitcoin blockchain and will be contingent on the hard fork outcome in Q4 2017.
Tether 2018 Tether is an Omni token was expected to be released in 2017, but now delayed until 2018. These assets are built on the Bitcoin blockchain and will be contingent on the hard fork outcome in Q4 2017. We are most excited about Tether because of the ability to have a stable peg inside of the Exodus environment.
2FA planned 2-factor authentication support is on the roadmap, this is likely to precede Hardware Wallet Support
HARDWARE WALLET planned The Exodus team is very keen to add hardware wallet support (e.g. Trezor, KeepKey, Ledger Nano). I can also tell you that personally JP and I both want hardware wallet support ASAP… We also have heard from a number of high-net worth investors this is the ideal platform with the added hardware auth.
. .
Siacoin evaluating Exodus is intrigued with Sia but have not looked the tech to see what the options are.
SingularDTV evaluating SingularDTV is an ERC20 token.
TenX evaluating
Zcash evaluating If the Zcash network remains stable and has continual upgrades it is likely we will support this asset in 2017.
. .
Blackcoin excluded Exodus will have more interest in integrating staking protocols once Ethereum moves to proof-of-stake with Casper
Bytecoin excluded
Counterparty excluded
GameCredits excluded
IOTA excluded
Lisk excluded
NEM excluded
NXT excluded
Peercoin excluded Exodus will have more interest in integrating staking protocols once Ethereum moves to proof-of-stake with Casper
Steem excluded
Stellar excluded
Synereo excluded
Waves excluded

UPDATE HISTORY:

  • 2016-09-19: Storj, Siacoin, Blackcoin, Peercoin, Synereo, Bytecoin
  • 2016-09-23: Zcash
  • 2016-09-30: Monero, Omni, Tether
  • 2016-10-07: ICONOMI, Augur, SingularDTV, DigixDAO
  • 2016-10-17: Ethereum Classic
  • 2016-10-25: Waves
  • 2016-11-05: Maidsafe, Omni, Tether
  • 2016-11-13: Monero
  • 2017-01-15: Updates to status of most coins
  • 2017-02-13: Factom
  • 2017-03-07: Factom ETA updated
  • 2017-04-02: Factom ETA updated
  • 2017-04-06: ERC20, Golem
  • 2017-04-17: ERC20, Golem
  • 2017-04-22: Decred, Storj
  • 2017-05-01: Augur
  • 2017-06-05: Ethereum Classic
  • 2017-06-07: Factom
  • 2017-06-22: Decred
  • 2017-07-10: EOS, Aragon
  • 2017-07-20: Gnosis, Dogecoin, 2FA support
  • 2017-08-17: OmiseGo
  • 2017-08-27: Exodus Eden Assets: 0x, Basic Attention Token, Bitcoin Cash, Bancor, Civic, DigixDAO, District0x, FirstBlood, FunFair, Metal, Qtum, Status, Storj
  • 2017-08-27: Roadmap updates: OMNI, Tether, Ripple, NEO, IOTA, SALT, SegWit Txs
  • 2017-09-18: Basic Attention Token, Civic, Qtum
  • 2017-09-21: Factom, SALT
  • 2017-09-24: Ethereum Classic
STEEM Launches Smart Media Tokens

STEEM Launches Smart Media Tokens

Steemit just released some very exciting news! Anyone can now launch a blockchain token on the STEEM blockchain using what is called SMTs or Smart Media Tokens.

Blockchain tokenization is becoming extremely popular with the rise of ICOs or Initial Coin offerings on Ethereum like the ERC-20 tokens and on BitShares with User Issued Assets.

Now Steem joins the world market for user created blockchain tokens, but with some unique features. Smart Media Tokens utilize a Proof of Brain algorithm by which the cryptocurrency is distributed. This simply describes the upvoting and payout structure for a system like Steemit. Now anyone can create a token for their content based project, just like Steemit.

 

From the Whitepaper:

Steem’s Smart Media Tokens (SMTs) give anyone the power to launch and sell Proof-ofBrain[1] tokens, which are tokens distributed by “upvote” and “like”-based algorithms
and can be integrated with websites to align incentives and spur growth, while websites are
empowered to adopt sustainable, currency-centric revenue models. This model has been
tested and continues to be proven by steemit.com, busy.org, chainbb.com, dsound.audio,
dtube.video and other Steem interfaces, which are monetizing content, tokens and media
in a way never before seen. Source: smt.steem.io

The possibilities are vast with this development. ANY PERSON can now launch their own crypto on STEEM wich has NO FEES! That is huge. Established brands, new brands, even a competitor like Reddit could utilize SMTs for their content.

*It is important to remember that growth of SMTs will lead to more transactions on the STEEM blockchain and demand for the STEEM Crypto assets. This is great news for holders of STEEM and STEEM Power.

 

The News via Ned Scott – CEO, Steemit Inc:

How Smart Media Tokens Work: An Animated Explanation

Shoutout to @dougkarr for creating the video! Way to go! 👍

Steem STMs are similar to “User-Issued Assets” which can be created on the BitShares DEX. Both BitShares and Steem blockchains utilize Graphene 2.0 technology for cryptographically secure decentralized ledgers.

Graphene Technical Documentation

User-Issued Assets on BitShares Decentralized Exchange:

bitshares accepted here

The BitShares platform provides a feature known as “user-issued assets” to help facilitate profitable business models for certain types of services. The term refers to a type of custom token registered on the platform, which users can hold and trade within certain restrictions. The creator of such an asset publically names, describes, and distributes its tokens, and can specify customized requirements, such as an approved whitelist of accounts permitted to hold the tokens, or the associated trading and transfer fees.

*Regulation-compatible cryptoasset issuance

Source: bitshares.org

 

Lingerie Tycoon Begins Selling Dubai Apartments For Bitcoin

Lingerie Tycoon Begins Selling Dubai Apartments For Bitcoin

Lingerie tycoon Michelle Mone has fearlessly jumped into the Bitcoin world with her new venture of selling Dubai apartments for Bitcoin.

Michelle Mone, also known as Baroness Mone of Mayfair, is a millionaire who is looking to cash in on the rising crypto economy.

From her Instagram:

 

 

 

Her apartments went on sale on September 6th.  She is selling two 40 floor towers which are connected to a large shopping mall.

The Telegraph reports:

“A studio apartment in the complex starts from around 30 bitcoins, or $133,000, rising to 85 bitcoins for a two-bedroom flat. They come with access to a gym, swimming pool and residents’ lounge, and have views over the Dubai Hills and the city skyline.”

The apartments will be extremely nice, similar to what is pictured below (actually probably nicer).

New owners also have the choice to have their apartment decorated by Baroness Mone Interiors, Michelle’s interior design service. And they too can be paid with Bitcoin.

Michelle’s partner in the endeavor, Doug Barrowman owns a company(the Knox group) that struck a deal with BitStamp to be able to hedge themselves against crypto’s volatility.

It is unfortunate to hear that they will be dumping their Bitcoin for dollars, as they will be giving up future billions in cryptocurrency.

But hey, not everyone is smart enough to realize the way of the future and it is pretty cool that they accept Bitcoin. 👍

Source: telegraph.co.uk

Have You Heard The BITCOIN ALL THE WAY UP Song By Jeff Berwick?

Have You Heard The BITCOIN ALL THE WAY UP Song By Jeff Berwick?

Most of us have heard about Bitcoin’s tremendous gains over the spring and summer of 2017. It feels like it was just yesterday when we were writing about Kim Dotcom predicting a $2000 Bitcoin, which it of course reached and has now touched $5000.

Jeff Berwick of the Dollar Vigilante and Anarchapulco conference has released a video in celebration and anticipation for what Bitcoin will do next.

Check it out:

BITCOIN ALL THE WAY UP – The Dollar Vigilante feat. Freenauts

Berwick decided to lay down his track over the popular song All The Way Up by Fat Joe, Remy Ma, French Montana, and Infared.

Freenauts joins Berwick in this epic Bitcoin track. They lay down solid rhymes and call out some of the people behind the most popular fiat money schemes.

We wanted to make sure this awesome video is on our blog. We suggest you share it on your social media and create a cd for your car with this song as every track. 😁

Did you know Steemit has a new video application called DTUBE? It stands for Decentralized tube and the videos are posted on the STEEM blockchain. The videos are stored and hosted on IPFS, a distributed file sharing and storage system.

Watch Bitcoin All The Way Up on DTUBE

If you haven’t heard about STEEMIT or you haven’t joined yet, what are you waiting for?

Steemit.com is the world’s fastest growing decentralized social media platform. Steemit connects to a robust blockchain database called Steem. This blockchain database distributes rewards in cryptocurrency to the users who bring the best content (blogs, comments, videos etc.) to the Steemit site.

We put all of our blog posts on Steemit under @bitcoinshirtz. Make sure to follow us!

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