Blockchain 

Hacker Returns Ethereum Domains Obtained in Auction Bug

The hacker who stole 17 Ethereum domain names during the Ethereum Name Service’s (ENS) auction decided to return them all. The promise of hefty compensation On Oct. 4, digital-collectibles marketplace OpenSea said that all of the stolen ENS names were returned successfully and that bidding on domain names will restart again in the coming weeks.  In the beginning of September, the ENS bidding process was exploited by a hacker who managed to steal 17 domain names for lower bids than other users placed. OpenSea, who ran the auction, explained that…

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Blockchain 

Hackerone User Reveals Critical Bug Through MakerDAO Bounty Program

MakerDAO, the decentralized organization that runs on Ethereum, has fixed a critical bug that could have resulted in a complete loss of funds for all Dai users. $50,000 bounty On Oct. 1 HackerOne user lucash-dev disclosed a report that revealed a critical bug in MakerDAO’s planned Multi-Collateral Dai (MCD) upgrade. The bug could have allowed an attacker to steal all of the collateral stored in the MCD system – possibly within a single transaction, Lucash-dev said. The bug was caught during the testing phase of the MCD upgrade and before…

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Blockchain 

Bug Bounties in Crypto — the Best Way to Ensure Platform Safety?

Crypto companies often find out the hard way that hackers know their security systems better than they do. As hacks in the crypto world can and often do result in hundreds of millions of dollars worth of tokens being stolen, the fate of a company’s future can often ride on its security measures. In an effort to batten down the hatches, companies offer bug bounties.  These bounties are essentially competitions in which hackers are encouraged to try to compromise software. The hackers then submit a vulnerability report to the respective…

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Ethereum 

Ethereum Name Service Auctions Halted Because of a Bug

Ethereum Name Service (ETN) name auctions were halted because of a bug that resulted in names being awarded to wrong users and for lower bids. Faulty documentation ENS’s editor Brantly Millegan announced the halt of the name auctioning service in a Medium article published on Sept. 30. He noted that most of the first auctions concluded successfully and only a few were affected by the bug. The anomalous result of some auctions had two distinct causes, one of which lies in documentation, not the software, according to Millegan. Per the…

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Bitcoin 

Bug on Kraken Let Users Buy Bitcoin $2K Cheaper and Sell $2K Higher

Some Kraken clients were buying Bitcoin (BTC) for $2,000 cheaper than the market price and selling it for nearly $12,000 on Sept. 13. On Friday, United States-based crypto exchange Kraken experienced a bug that allowed some users to buy or sell Bitcoin at a notably different price from Bitcoin’s actual market price due to a reported system bug.  On Sept. 14, Kraken posted a Twitter thread explaining that the bug resulted from testing an unreleased advanced order type. While Bitcoin was trying to hold $10,300 mark on the day of…

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Blockchain 

Steemit Is Now Fully Operational Again After Chain Halted Due to Bug

Steemit took to Twitter today to announce to their fellow-Steemians that Steemit is back up and running and fully functional after having suffered from a bug in the curations reward curve. Bug in the curations reward curve According to a blog post from Sept. 3, Steemit is now fully operational again, as are all Steem applications leveraging their API. The chain halted over the weekend due to a bug in the curations reward curve, which was apparently unrelated to the previous halt or the so-called delegation bug. Quick response to…

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Blockchain 

The Bug Bounty Program for Facebook’s Libra Is Now Open to the Public

The Libra Association has opened its bug bounty program to the public to address security concerns in advance of Libra’s anticipated 2020 launch. Expanding the playing field The announcement comes via a post on Libra’s website on Aug. 27. The post emphasized that the expansion of the program would promote values critical to the Libra Association like “openness, transparency, and global access,”  and ensure minimal issues come launch date. The association wrote that it expects opening the bug bounty program up to the public will encourage “many more people with…

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Bitcoin 

Bitcoin Price ‘Will Never Hit $50K’ Gold Bug Peter Schiff Tells Tom Lee

Bitcoin (BTC) price  will never make it to $50,000, gold bug and crypto skeptic Peter Schiff has claimed in the latest attack on the largest cryptocurrency. ‘This is hysterical’ In a social media debate on Aug. 20, Schiff, who is well known for his distaste for Bitcoin, said that gold would definitely reach $5,000 in the future.  Schiff was debating with Joe Kernen, the CNBC host who recently interviewed Bitcoin proponent and regular Schiff troll, Anthony Pompliano. “Prior the 2008 financial crisis, when I was still invited on CNBC, Joe…

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Blockchain 

PIVX, Possibly Other PoS Chains Vulnerable to Bug, Attackers Profit

Private transactions cryptocurrency PIVX and over 200 other blockchains are vulnerable to a vulnerability allowing the attacker to obtain disproportionately high staking rewards. A major staking vulnerability Cryptocurrency consulting firm Lunar Digital Assets claimed in a post published on its website on Aug. 12 that a staking vulnerability is being used across PIVX and its forks. The weakness reportedly allows the attacker to obtain mathematically impossible staking rewards on vulnerable Proof of Stake (PoS) chains. According to the post’s author, the PIVX development team claimed to have solved the issue…

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Bitcoin 

Bitcoin Will Make Peter Schiff Kick Himself: Gold Bug Debates Pompliano

Bitcoin (BTC) will make Peter Schiff’s gold arguments redundant if there is just a 1% chance it will succeed, Anthony Pompliano has told mainstream media. ‘You will be kicking yourself forever’ In a hotly-awaited debate with gold bug Schiff on CNBC Africa July 31, the Morgan Creek Digital co-founder took the opportunity to talk about a Bitcoin future.  After almost an hour of talking, Schiff had summarized that Bitcoin has become a form of religion, and that investors were blind to reality, hoping only to get rich from their holdings. …

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