Bitcoin Weekly 2016 August 10: Bitfinex trading coming back online, App Store fake Bitcoin apps, Kim Dotcom Megaupload Bitcache talkBitfinex hack aftermath and restoration of service
Last week, Bitfinex (BTXNA, Inc.), one of Bitcoin’s biggest exchanges by volume, suffered a hack that led to a massive loss of bitcoins. The thieves stole approximately 119,756 bitcoins, valued over $65.6 million USD. After the hack, Bitfinex immediately shut down trading on its platform and has only slowly begun to open its doors again.
In response to the hack, and the loss of bitcoins, Bitfinex proposed an obviously unpopular “socialized losses,” which would take 36 percent of the balance of all present customers’ bitcoin wallets. At the same time, Bitfinex intends to compensate its customers with special exchange tokens using the Omni protocol with the shortcode “BFX” in the amount taken.
Trojan Bitcoin wallets continue to wash up on Apple App Store’s shore
Last week, the Bitcoin community (and consumers in general) found warning that fake Bitcoin apps began appearing in Apple Inc.’s iTunes App Store. At the time, Bitcoin wallet developer Breadwallet put out the warning (as its app was also one that was faked) and set out details on how to get fake apps removed from iTunes—many of the fakes have been removed since then.
Kim Dotcom’s interest in adding Bitcoin to Megapload (2.0?) increases
Famed (or infamous) entrepreneur Kim Dotcom has been showing an increased interest in Bitcoin recently with a series of announcements involving his claimed highly-secure cloud sharing upload site Megaupload 2.0. Dotcom is famous for running a cloud upload service called Megaupload Ltd. that was dismantled by the United States government in 2012 over copyright law concerns (in spite of it being headquartered in Hong Kong).
http://siliconangle.com/blog/2016/08/10/bitcoin-weekly-2016-august-10-bitfinex-trading-coming-back-online-app-store-fake-bitcoin-apps-kim-dotcom-megaupload-bitcache-talk/
