The DAO Under Attack: $50 Million StolenToday, the world’s first decentralized venture fund The DAO has been attacked. Unknown hackers keep on withdrawing ETH tokens from the fund. Overall amount of stolen assets comprises around $50 million at the time of writing. ETH and DAO exchange rate has dropped almost immediately across all cryptocurrency exchanges. 1 ETH is worth 0.02 BTC […]
The DAO Eliminates Vulnerability That Allowed Endless Withdrawals from Some AccountsA vulnerability in the implementation of Ethereum protocol by some developers has resulted in a need for fixing the DAO. The first decentralized venture foundation owns around $165 million accumulated during the recently closed crowdsale campaign.
Halving and Yuan Deprecation: Why Bitcoin Price GrowsOver the course of these two weeks, bitcoin has broken several records having surpassed the $500, $600 and $700 marks in a sequence. ForkLog talked with cryptocurrency trading expert Kir Kelevra to find out the reasons for the upsurge and the perspectives it might provide to traders.
Slock.it Co-Founder: The DAO Will Give Birth To the Companies That Otherwise Wouldn’t Have ExistedMay 28, the crowdsale of The DAO, an ambitious project for decentralized trust management on the blockchain of Ethereum, has closed.