Bitmain hacking confusion

Bitmain users report being confused by the company's 2FA 
22 August 2017   2733

On Monday, August 21st, the reports on Bitmain, a high-end ASIC chip manufacturer and Bitcoin mining operation, being hacked began to appear on reddit.com and on the company's forum.

Thus, some of Bitmain’s customer data was allegedly compromised leading Bitmain to ask users to change their passwords. There's a screenshot of an e-mail that the user claims he received from Bitmain posted on Twitter:

According to the information the reddit.com user andonevris told ethnews.com, the greeting message did actually look like a hacking attack report:

I can confirm. I tried to log in to my account yesterday and was greeted with a message that the server had been breached and user data was stolen but was encrypted, also advised to change my password.
 

andonevris
reddit.com user

However, fortunately for Bitmain, the reason for the need for password changing is, probably, quite different. 

Thus, Bitmain has not confirmed the hack on any of its official channels, while many users have complained about a recently implemented two-factor authentication (2FA) process on the company’s forum. It’s possible that Bitmain hastily enacted 2FA to address the password theft. A significant number of customers did not previously have 2FA enabled and now, for some reason, when these users try to log in, the Bitmain website requests a non-existent 2FA code.

The company's representatives claim that all services of the system have been checked and no vulnerabilities were revealed.

BlackRock to Consider Bitcoin Futures

World largest asset management firm created a workgroup to study the prospects of crypto-based futures
16 July 2018   70

Investment company BlackRock has formed a working group that should find out what benefits the world's largest asset manager can get from entering the cryptocurrency sector, despite the fact that previously its CEO had heavily criticized bitcoin. This is reported by Financial News.

The investment giant, whose assets amount to $ 6.3 trillion, created a team that included experts from various business areas. They must collect information about the cryptocurrencies, the underlying infrastructure and technology of the blockchain.

The working group, which includes investment strategist Terry Simpson, should find out whether BlackRock should invest in bitcoin futures.

Sources also reported that BlackRock is studying the experience of its competitors in this area and the potential impact of their actions on the company's business. The working group will report on the results of its research to senior management.

A spokeswoman for BlackRock reported that the company has been considering blockchain technology for several years, but declined to comment on the cryptocurrency.

The creation of a working group may mark a turning point in relations between BlackRock and cryptocurrencies. Last year, its head, Larry Fink, said that bitcoin is an extremely speculative tool, and the only reason for its popularity is its anonymity. "This is an instrument that is used for money laundering," he said bluntly.

Fink gave his comments even before the appearance of crypto-currency futures. At that time, he saw no opportunity for his company to enter this market.