Industry Report: Bitcoin Creates ‘Love-Hate’ Relationships
bitcoin

Industry Report: Bitcoin Creates ‘Love-Hate’ Relationships

THELOGICALINDIAN - GoFundMe doesnt affliction for bitcoin while a European action armpit does and two added aegis breaches action Want to bolt up on your latest agenda bill and tech account Take a attending at the belief below

Also read: Industry Report: The Digital Drug World Just Got a Lot More Private

GOFUNDME DITCHES BITCOIN-POWERED CAMPAIGN

An Africa adolescence campaign on GoFundMe was temporarily suspended afterwards it placed a bitcoin abode on its donations page. The belvedere apoplectic the campaign, activity that bitcoin was in absolute antagonism with GoFundMe’s primary donation methods. The abode was removed, and the folio was after restored, but some are affronted about the site’s accommodation and feel bitcoin is not accepted abundant as a budgetary source.

GoFundMe

The adjourned affairs involves association artisan Anthony Ojok, who works with abandoned and adolescent soldiers in Uganda. He’s attractive to body an alignment that doesn’t accord them handouts, but rather the abeyant abilities to acquisition assignment and run businesses. The attack additionally appearance a video distinctively produced by rap artisan Rob Hustle, who bidding disappointment in GoFundMe’s decision:

TONYBET

GoFundMe may be authoritative an adversary of bitcoin, but Tonybet sure isn’t. Founded in Estonia in 2009, the bank belvedere is the world’s latest to acquire bitcoin deposits, which players can barter for authorization currency. The armpit is alive adamantine to access bitcoin accepting throughout Eastern Europe.

tonybet

Spokesman Warren Lush explains:

SECURITY BREACHES

Bitcoin barter BTC-E and babble appointment BitcoinTalk have been hacked. The two platforms are the latest victims of what appears to be a continued band of aegis breaches that afresh includes Bitfinex and Krypton. The absolute shocker is that the hacks occurred in 2014 and 2015 respectively, but accept not been fabricated accessible until now.

LeakedSource displayed the account apropos the hacks and explains that clandestine user advice including passwords, wallet balances and birthdates may accept been baseborn by the hackers. The belvedere did say, however, that aegis was almost able on both sites, Bitcointalk in particular, and that the accident is not irreversible:

“We are admiring to advertise that alone 44,869 (9%) of users on Bitcointalk.org acclimated MD5 hashing with a different alkali for passwords.” LeakedSource reported. “Of those, we accept absurd 30,389 or 68%. The actual 91% of user passwords were hashed with “sha256crypt,” and it would booty us about a year to able an estimated 60-70% of them. This adjustment of countersign accumulator is far above to about every website we’ve apparent appropriately far.”

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Images address of GoFundMe, TonyBet.