Bitfury introduced blockchain to a mining company

Hut 8 Mining Corp. began trading under symbol "HUT"
07 March 2018   563

One of the largest listings happened yesterday, March 6: mining company Hut 8 Mining Corp. in Toronto is now traded on TSX Venture Exchange. The public listing looks to be a significant one as Hut 8 currently operates 100,000 machines with plans to engage 220,000 more terminals in the span of the coming six months. Such statistics makes Hut 8 the world's largest crypto-mining company whose shares can be bought publicly.

Today’s listing on the TSXV is a milestone for Canadian investors, who can now access one of the world’s largest publicly traded crypto-mines without purchasing the underlying cryptocurrency. In crypto-mining, scale is what determines success in the short term, but is also what allows mines to weather any volatility over the long term. Our exclusive partnership with Bitfury, one of the world’s leading full-service Blockchain companies, facilitates the kind of scale that will allow us to deliver ongoing value to investors.

 

Sean Clark

Interim Chief Executive Officer, Hut 8

Bitfury officially backs Toronto company and it will be represented with a symbol "HUT" at the exchange. Also in the announcement it was mentioned that a veteran venture capitalist and leading world figure in blockchain Bill Tai will lead the board of directors of the company.

Listing on the TSX Venture Exchange is a milestone for the growth of Blockchain and cryptocurrency companies. We look forward to continuing our work with Hut 8 as we advance this technology and its value in North America.

 

Valery Vavilov

Chief Executive Officer, Bitfury

Hut 8 intends to further deepen the cooperation with Bitfury by using its resources of hardware, software and technology to design low cost data centres and attractive capabilities.

DApps Vulnerability Allowed Hackers to Still 400k EOS

EOS based gambling projects fell victims of the hacks
11 December 2018   38

PeckShield cybersecurity experts discovered that from July to November, hackers carried out 27 attacks on decentralized applications (DApps) in the EOS ecosystem. Losses from attacks are estimated at 400,000 EOS coins, which is equivalent to $ 760,000 at the time of writing. This is the Chinese edition of Blockchain Truth.

According to the PeckShield report, in one month, hackers took over 170,503 EOS, attacking eight DApps: EOSBet, EOSCast, FFgame, EOSDice, EOSWin, MyEosVegas, LuckyGo and EOSLelego. Experts point out that while vulnerabilities are rooted in DApps, these attacks are a threat to the security of an EOS ecosystem.

They also concluded that such attacks began to take place more often, and their success rates are only improving.

According to PeckShield, the EOS network has 500,000 accounts, 200,000 of which are inactive. The report also states that 120,000 accounts are collectively managed.