Bitcoin shows some of its impact ten years later, we receive some Ethereum Tech-Oasis Nevada updates, Etherdelta founder gets penalized, Ethereum potentially exposes user data, and alleged South Korean Hackers get caught. Read up on today’s action in a nutshell.
Crypto Insider recently looked into writings from Bitcoin creator Satoshi Nakamoto, dating back some ten years.
Back in 2009 Satoshi mentioned several use cases for Bitcoin and its tech, via an email. Uses mentioned include in-game currency, donations, and pay-to-send-email.
In short, Bitcoin’s creation led to the huge success of Earn.com, which allows people to earn crypto in exchange for responding to emails.
Crypto Insider reports about recent developments on 67,000 acres of land bought in Nevada by Blockchains LLC back in January.
Blockchains LLC plans to use the space to build something called an Innovation Park/Sandbox City/ – which is basically “an experimental community or a smart city with blockchain technology embedded into its very infrastructure”, Crypto Insider reports.
The SEC has now decided to go after the Etherdelta decentralized exchange founder Zachary Coburn, on grounds of running an unregistered securities exchange.
Apparently the SEC has labeled some of the ERC-20 (Ethereum based tokens) on the exchange as securities.
Etherdelta was a hot-bed for trading over the past years. “EtherDelta users conducted more than 3.6 million trades over an 18-month period”, reported CoinDesk.
According to the SEC press release today, “[a]lmost all of the orders placed through EtherDelta’s platform were traded after the Commission issued its 2017 DAO Report, which concluded that certain digital assets, such as DAO tokens, were securities and that platforms that offered trading of these digital asset securities would be subject to the SEC’s requirement that exchanges register or operate pursuant to an exemption”.
Etherdelta was reportedly unregistered and didn’t officially seek an exemption.
It comes as no surprise that people are in the spotlight, with gadgets like phones providing user data almost constantly.
Ethereum reportedly adds to the availability of user data via its “underlying network layer, where information is exposed in complex, unpredictable ways”, CoinDesk reports.
Projects and entities are currently researching the topic, aiming to better protect said data.
News broke today of four hackers being apprehended due to their involvement in cryptojacking. Cryptojacking is the unauthorized use of an unsuspecting person’s computer to mine crypto assets.
“This was the first known case of cryptojacking in South Korea”, reported Aju Business Daily.
CoinTelegraph reports accusations to include the hackers “infecting 6,038 PCs with malicious mining malware, which had been concealed in job application documents sent via email”.
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