A mining pool reels in $850,000 after exploiting a loophole in the cryptocurrency’s code and not processing any transactions. Perhaps Ether does grow on trees. Just two lines of code were enough for a hacker to infamously siphon 3.6 million ether from The DAO in 2016, worth $50 million at the time.
Before it was turned into an investment possibility the invention of Bitcoin promised to usher in a world where anyone can pay for anything they like without a need for getting prior approval from the powers that be. The demand for uncensorable transactions still exists, and the latest example of
Financial services giant Mastercard was awarded new blockchain patents this week, continuing its trend of embracing distributing ledger research even as it expresses open hostility to bitcoin and other cryptocurrencies. However, one particular patent is in fact raising eyebrows. The patent, awarded by the U.S. Patent and Trademark Office (USPTO) on