Receive all Bitcoinist news in Telegram! DNS hack on a day when Google appears to be having some issues. Social media and online crypto forums forex prices redirected awash with reports that reveal funds have been stolen from the wallet of some users.
Other users who might have logged into the service during the period of the hack may have also been compromised. Users Report Stolen FundsA MEW user broke the news on Reddit saying that 0. The user had apparently fallen victim to a phishing scam based on a DNS exploit. The affected user also reported that upon visiting the site, the notification appeared that the connected was not secured. MEW isn’t the only Ethereum-based service to have been hacked via a DNS exploit.
Etherdelta was also hacked in December 2017. Many experts believe this phenomenon is due to the vulnerability created by the presence of a single point of failure in such services. An Ethereum address possibly linked to the hack has been identified. The address has already been tagged on Etherscan under suspicions of being involved in the hack. RJ4H4i8 users to be redirected to a phishing site. The platform posted a tweet announcing that MEW user accounts have been compromised. Likely the most risk was within the last 3 hours.
If you used it before then, you’re probably fine. Binance posted a tweet in the early hours of the day, telling users that Google DNS was experiencing problems. Apparently, users of the platform had been affected by service disruptions. Edit: While writing this article, MEW posted a tweet saying that the issue had been resolved. What are your views on the MEW DNS hack? Let us know in the comment section below. Halving’ 2020: What Will the Price of Bitcoin Be?
Waves, a popular open-source blockchain platform that allows users to launch their own custom cryptocurrency tokens, has officially addressed the rumors and false information being published in regards to the alleged liquidation of the Waves legal entity registered in the UK. Stop trying to reinvent the monetary wheel with Bitcoin, argues Robert Skidelsky, a member of the British House of Lords and professor emeritus of political economy at Warwick University. 1,400 level in 2018, according to ABC Bullion. Gold will continue its recovery from the bear market. ABC Bullion Jordan Eliseo told Kitco News in a recent interview. Some of the key elements to watch next year are U. Stocks have had an incredible run in 2017, posting all-time highs.
This is one of the first years on record when U. Eliseo added that he sees the U. 2018, which would be a major boost to gold. On top of that, he said a less aggressive Fed could help support gold prices next year. I am not convinced that the Fed will be as hawkish as markets are expecting. In the meantime, the physical demand for gold is likely to remain stable in 2018, Eliseo noted. More specifically, Western demand will improve from its lowest levels in nearly a decade.
You are going to see buying through the ETF space. Numbers out of Europe this year have been strong both for the ETFs and the physical buying. Central banks will also resume buying, with Eliseo projecting to see a few hundred tons of gold to be acquired again in 2018. Gold demand out of India and China is looking stable as well, he added.
When discussing this year’s cryptocurrency craze, Eliseo said that he is convinced that some investment flows were redirected from gold to bitcoin. But, the chief economist noted that the market might see a reversal of that trend next year. The bitcoin price rise has been phenomenal and it is unquestionable that it is the story of post-global financial crisis era so far. 2017 is probably going to remain the best year for bitcoin that we will ever see. Also, bitcoin is starting to show clear signs of a classic bubble, Eliseo said.
It is essentially operating as a purely speculative asset. Most speculative assets end up bursting, but it could go a lot higher before it goes lower. Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments.
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