This episode is sponsored by Nexo.io.Bitcoin's energy usage has long been controversial but this time it's not what you'd expect, a story about a rogue power plant kicks off a wide ranging discussion between the hosts, touching on key issues like game theory, network security and more.Links from this episode:Bitcoin Miner Facing $5.6M Fine for Starting Rogue Power PlantIssue … [Read more...] about Bitcoin Security and a Rogue Power Plant
Security
Ape Theft Is an Expensive Way to Learn About Crypto’s Security Philosophy
Last week, an NFT trader named Todd Kramer made a simple plea on Twitter.“I been hacked,” he wrote. “All my apes gone. This just sold please help me.”Kramer was referring to his cache of Bored Ape Yacht Club non-fungible tokenss – now the single most valuable franchise of crypto collectibles. They’ll run you about $276,000, at the cheapest, and Kramer had eight of them, along … [Read more...] about Ape Theft Is an Expensive Way to Learn About Crypto’s Security Philosophy
OpenDAO’s SOS Token Hits $250M Market Cap Despite Unclear Goals, Security Risks
Airdrops are a token distribution method that allows crypto users who have performed certain actions to claim tokens. In this case, the airdrop applied to any Ethereum address which purchased a non-fungible token (NFT) on the popular OpenSea marketplace – a potential pool of over 850,000 addresses. To be clear, OpenDAO has no relationship with OpenSea aside from targeting its … [Read more...] about OpenDAO’s SOS Token Hits $250M Market Cap Despite Unclear Goals, Security Risks
The upgrade combining security of Bitcoin and Ethereum based smart contracts goes live on Syscoin
Blockchain platform Syscoin (SYS) announced the launch of its Network-Enhanced Virtual Machine (NEVM) upgrade that brings Ethereum Virtual Machine (EVM) smart contracts to the network’s ecosystem.According to the announcement, the pivotal upgrade will combine the best of Bitcoin (BTC) and Ethereum (ETH) in one platform, while enabling smart contracts to scale up for global mass … [Read more...] about The upgrade combining security of Bitcoin and Ethereum based smart contracts goes live on Syscoin
Coinbase forays into Israel market with Unbound Security acquisition
Leading cryptocurrency exchange Coinbase is all set to acquire a cryptographic security company called Unbound security, an Israel-based firm that offers a protected multi-party computational technology. The exchange is also looking forward to establishing its independent research facility in the region.Coinbase’ new acquisition offers secure crypto transactionsAs per the … [Read more...] about Coinbase forays into Israel market with Unbound Security acquisition