Satoshi Fund returned their funds

According to official statement of the cryptocurrency fund, all funds were successfully returned to the company
26 July 2017   2825

Distributed database that is used to maintain a continuously growing list of records, called blocks.

Satoshi Fund, cryptocurrency company that lost aboyt 32% of it's assets due to hack attack, reported about successful return of the money.

All funds are returned under the control of Satoshi • Fund. For a new contract until the end of the security audit, in order to reduce the risk, part of the funds will be under the direct control of the fund managers on these accounts:

  • 0x3AF5f67d0762B55EDDaEd71A5045D3f316Ee8b37
  • 0x80BC9035Cf978f7A8D0Fd9FB39e131106E87B225
  • 0x00073103C819211EF56D0A8ba7f71c11a84Aa55f

Is an open-source blockchain-based distributed computing platform featuring smart contract functionality, which facilitates online contractual agreements.

Let us remind you, that Satoshi Pie lost about $7M due to Parity hack. The most of the funds were withdrawn within an hour. The project team managed to withdraw the remaining ones to a new, controlled wallet. During the course of events it became known that the attack was carried out by the White Hats Group (WHG). Also, according to the representatives of Satoshi Fund and Satoshi Pie, they are currently waiting for a refund in a new contract

DFINITY to Postpone Internet Computer Launch

The project is currently assessing the time frame for the completion of the MVP
14 December 2018   67

The blockchain project Dfinity reported in its blog postponing the launch of its main product.

Previously, Dfinity chief scientist Dominic Williams said that his company intends to create an “Internet computer that will become cloud 3.0”, compete with Google Cloud and Microsoft Azure, and also change the face of the blockchain industry.

According to him, the project team is developing a technology that has 150 higher performance than Ethereum blockchain and 900 times - Bitcoin. In essence, the project creates a “giant Internet computer”, whose work will be supported not by one company, but by all participants of the Dfinity protocol.

Initially, the release of a minimum viable product (MVP) was planned for the first quarter of 2019. However, according to company representatives, working on a trimmed version may slow down progress in creating a complete product.

The project is currently assessing the time frame for the completion of the MVP. Also, noted in Dfinity, before the end of the first quarter a new set of development tools (SDK) will be released, which will shed light on the future plans of the company.

In August, the Dfinity Foundation attracted $ 102 million of investments in the framework of a closed tokensale. Prior to this, at the beginning of the year, the Dfinity Foundation raised $ 61 million from Andreessen Horowitz and Polychain Capital.