Globalive Technology Partners Cooperated with VIDL News

Anthony Lacavera which is known for founding WIND Mobile in 2007 will serve as Chairman and CEO of Globalive Technology Partners
10 January 2018   2079

Founding partners Globalive Capital, the founders of Mundo Inc. and VRG Capital announced on January 9 the launch of Globalive Technology Partners (GTP), a new company that develops software and hardware technology stacks based on blockchain technology.

Canadian entrepreneur Anthony Lacavera will serve as Chairman and CEO of GTP. As Chairman and Founder of Globalive Capital, Anthony Lacavera is best known for founding WIND Mobile in 2007, which became Canada's fourth largest wireless carrier before being sold in 2015 to Shaw Communications for $1.6 Billion.

Blockchain investment is currently being driven by the price of bitcoin, when it should be driven by its potential to create significant value with real world applications. We are focused on being the first to commercialize blockchain technology across a variety of industries most susceptible to disintermediation — cutting out the middleman.

 

Anthony Lacavera

Founder, Chairman and CEO, Globalive Technology Partners

GTP is negotiating with 25 potential partners, and announced on Tuesday its first joint venture with media startup VIDL News, which is a news technology platform that will utilize artificial intelligence and blockchain technologies to report accurate global news events and incidents in an automated and real-time manner.

An initial round of $10 million in seed financing is currently underway. Globalive Technology Partners anticipates a public offering in mid-2018.

Bitcoin Gold hit by Malicious Miner`s Double Spend Attack

An evil-minded miner efficiently made a double spend attack on the Bitcoin Gold network, making BTG at least the third altcoin to succumb to a network attack
23 May 2018   122

Edward Iskra, Bitcoin Gold director of communications first admonished clients about the attack on May 18, reporting that an evil-minded miner was using the exploit to steal means from cryptocurrency exchanges.The miner bought at least 51 percent of the network’s total hashpower, which provided them with temporary control of the blockchain. Gaining this much hashpower is extremely expensive — even on a smaller network like bitcoin gold — but it may be monetized in tandem with a double spend attack.

The attacker, after getting the control of the network, started depositing BTG at crypto  exchanges while also intending to send those same coins to a wallet under their control. Generally, the blockchain would resolve this by including only the first transaction in the block, but the attacker managed to reverse transactions as they had majority control of the network.

As a result, they were able to invest funds on exchanges and withdraw them again soon, after which they repealed the initial transaction. This way they could send the coins they had primarily deposited to another wallet. 

An address of bitcoin gold connected with the attack has got more than 388,200 BTG since May 16 (basically from transactions it sent to itself). All of those transactions were associated with the double spend exploit, the attacker could have stolen as much as $18.6 million worth of funds from exchanges. The last transaction was sent on May 18, but the attacker could resume it if they still have access to enough hashpower to reach the control of the blockchain.

Bitcoin gold’s developers recommended exchanges to resist the attack by reaching the number of confirmations acquired before they lended deposits to client accounts. Blockchain data displays that the attacker reversed transactions as far back as 22 blocks, allowing developers to advise raising confirmation requirements to 50 blocks.