A hacker removed $50 million in Ether through the Decentralized Autonomous Organization, plunging investors into a panic, however some argue that no theft has occurred.
Ether, the currency that is digital was billed since the ‘next’ bitcoin, plunged in value on Friday when a hacker exploited a software flaw in the Decentralized Autonomous Organization (DAO), sending the same of $50 million Ether into the ether and the cryptocurrency investment community into a panic.
If this sounds bewildering, we’ll attempt to explain.
Ether is the currency supported by the Ethereum blockchain, a platform designed to provide greater flexibility for decentralized peer-to-peer-traded currencies than projects developed at the top for the bitcoin protocol. Ethereum permits the creation of ‘smart agreements,’ which enables all types of business transactions rather than just currency transfers.
The DAO is a completely leaderless organization built on the Ethereum platform and run completely on computer code. It uses these smart contracts to build an investment capital fund devoted to sponsoring cryptocurrency that is new. All DAO decisions are taken via a vote of its members who use electronic tokens, purchased with Ether, to register their vote. In this way, DAO had raised $162 million to greatly help investment fledgling projects.
But DAO people watched in horror, in real-time, on Friday, as a hacker exposed a s Continue reading “Cryptocurrency Platform Ethereum Raided by Hacker, $50 Million Stolen”
Andrej Babis, the billionaire deputy that is czech and finance minister, has been called the Czech Donald Trump. Hacktivist Anonymous that is collective has exception to his online gambling regulations.
Anonymous, the left-wing ‘hacktivist’ collective, attacked online divisions of the food and agriculture kingdom owned by Andrej Babis, the billionaire finance that is czech and deputy prime minister, this week, in protests throughout the country’s brand new online gambling laws and regulations.
Specifically, Anonymous was targeting internet censorship, as the Czech Republic’s new gambling regime, introduced during the end of last month, contains provisions to blacklist non-licensed gambling internet sites.
This is creating the possibility of future ISP-blocking into the central state that is european.
‘The Finance Ministry led by Andrej Babis gets almost limitless power to censor online. It is time to move against it,’ Anonymous said in a video posted on YouTube.
In accordance with Czech news agency Lupa.cz, the group took down two of Babis’ websites on Monday evening, including that of his holding company, Agrofert.
‘The Czech Donald Trump’
Babis is the country’s second-richest man and founder associated with the ANO 2011 party (YES 2011), which finished second in the Czech general elections of 2013, allowing him to form a coalition government with the incumbent Christian Democrat Party.
The Ultimate Fighting Championship, which Station Casinos’ Fertitta brothers took from the fringe company once described by John McCain as ‘human cockfighting,’ up to a sports that are global, has been offered by the brothers for $4 billion.
The championships owner that is new US skill agency WME-IMG, which has been backed in the deal by private equity teams Silver Lake and KKR, since well as the household investment workplace of Michael Dell, founder of Dell computers.
The Fertittas, who will retain passive minority stakes in the organization, paid just $2 million for the brand and its assets in 2001, at a low point for the championships.
Learning to be a Heavyweight
UFC was dogged by accusations of brutality and vilified by politicians at the time, perhaps not least of that was senior U.S. Senator John McCain from Arizona, who helped persuade 36 states to ban ‘no-holds-barred fighting’ and spend per view carriers to take it off from their schedules.
It ended up being banned in New York just before UFC 12 was due to kick off, forcing organizers to find a new venue, in Alabama. New York only lifted that ban early in the day this 12 months.
But under the Fertittas’ stewardship, UFC gained a new level of respectability as promoters worked with state athletics commissions to impose new rules that curbed a few of its previou Continue reading “UFC Sold for the Eye-Gouging $4 Billion. The Fertittas have actually sold”