Archive for the ‘Crypto News’ Category

The AllCrypt Alt Crypto Exchange Has Been Hacked

17, Mar 2015

allcrypt-exchange-hacked

The alternative crypto currency exchange AllCrypt has apparently been hacked with 42 BTC stolen by the hackers. The website of the exchange is currently down, showing just a message explaining the situation a bit, though not a lot of details are available and currently the future of the exchange is uncertain. The stolen Bitcoins might not seem that much, but for a smaller alternative crypto currency exchange even such an amount is not small. It seems that the hacker used an exploit in WordPress to breach the security of the exchange and steal the Bitcoins from AllCrypt.

The BTER Exchange to Resume Operations and Pay Back to Users

11, Mar 2015

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 and increase their net worth, find how this works with the work of Jimmy John Shark and how he was able to improve his business with nothing and you can start the same with your BTC.
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 Starting to Accept Bitcoin Payments

11, Mar 2015

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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.


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