Archive for the ‘Crypto News’ Category

bter-crypto-exchange

The Bter crypto currency exchange that was recently hacked and over 7000 BTC were stolen has officially detailed their plans to return to full operation again and to pay back to users all of the coins that were stolen. Earlier this month the service has hinted that Bter is getting back to normal operation, but now they have resumed trading with improved security and a plan set in motion to gradually return the missing coins back to users.

Bter has revealed some interesting numbers:

Bter had been the largest altcoin trading platform in the world, with 230,000 registered accounts, including 130,000 Chinese users, daily PV closing to 4 million at its peak. As a once hottest altcoin exchange, Bter had successfully help with the exchange of 890,000 BTC and had a significant and sustainable profit model.

The stolen BTC payback plan:

1) Bter shall undertake all the loss and compensate users’ BTC loss in batches gradually.
2) The BTC holders on Bter who suffer the BTC loss shall be entitled to Bter’s half year’s trading fee in proportion to their BTC loss, besides the above the mentioned compensation.
3) The lost BTC balance in the users’ account has been transferred to the BTC_B, which will be the reference for our subsequent payback.
4) All the Bter’s future profit shall be used to pay the BTC loss for users first, until all the lost BTC is paid up.
5) Bter will open more businesses later and the profit from those businesses will also be used to pay the BTC loss for users first.
5) Bter has received 1000 BTC from its partner JUA.COM to speed the payback process.
6) In the further, Bter will seek more finance from other channels to pay up the users sooner.
7) Users on Bter will enjoy one-month’s free trading for all the trading pairs as our thanks for your trust and support
8) New BTC deposit sending to Bter shall not be affected.

If you want to take a look at Bter’s website for additional details about the situation…

3d-hubs-bitcoin-payment

3D Hubs, a community that connects people around the world with 3D printers and people that need something 3D printed, has just announced with a post on Twitter that it has partnered with BitPay to start accepting Bitcoin payments. Currently the service has over 13000 users with 3D printers from around the world registered and offering their services to print models for customers to pick up locally or get shipped to them. The customers that pay for the service of getting their 3D model printed will apparently now also be able to pay with Bitcoins.

3D printing and Bitcoin are new technologies that seem to be like a good match, we’ve already seen some companies selling 3D printers, parts and filament for them for Bitcoins. So the step that one of the largest 3D printer owner communities 3D Hubs has taken to integrate Bitcoin support is more than welcome by the people using the service, both as customers and as service providers.

utorrent-install-screen

Based on user reports it seems that the popular BitTorrent client uTorrent in its latest version also installs a crypto mining software that uses the processing power of the computer it is running on to mine crypto currencies. The latest update version 3.4.2 of the uTorrent apparently installs a CPU miner from Epic Scale without asking or telling the user and this is the actual problem. If during the installation the user was asked if he wanted to install the software and warned what it is going to be doing using computer resources. When a crypto mining software gets installed without a user consent it is never a good thing and the people behind the software BitTorrent client apparently learned this the hard way as the news broke out.

You can still download and install the version 3.4.2 of uTorrent by BitTorrent from the official website, but it is no longer offered as an update if you are running an older version of the software as it was a bit earlier today. Also it seems that uTorrent has taken down their official forums as they were cited as a source for users complaining about the issue with the crypto mining software. In the end it does not matter how well the company handles the issue, it is already too late and many users of their software will no doubt switch to other alternative solutions.


top