The hack of Italian exchange BitGrail involving Nano (XRB) has caused a rift between cryptocurrency’s biggest names after its owner asked Nano to alter its ledger. BitGrail Owner Wanted Ledger Change To ‘Cover Losses’ While the hack affected a tiny number of cryptocurrency holders, BitGrail’s choice of remedy has led to ricochets involving Ethereum co-founder Vitalik Buterin, Bitcoin Core developer Greg Maxwell and others. BitGrail, a low-level operation, reportedly lost “17 million” XRB tokens last
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Popular cryptocurrency exchange BitGrail has reported a loss of 17 million Nano, valued at over $170 million at the time of the hack. However, conflicting reports are surfacing with some believing the exchange to be insolvent for a number of months. The Hack is Revealed In the past, BitGrail exchange was one of the largest trading hubs for the RaiBlocks cryptocurrency, which has since rebranded to “Nano.” A trip to their homepage redirects users to
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Out with the old and in with the new, or so the saying goes. When markets become saturated, companies need to look a little further to keep their products above their competitors. This is especially relevant in the high-octane crypto climate when things change by the hour, not the week. A rebrand is as good a way as any to get noticed once again, and Raiblocks is on the case. When small, often obscure altcoins
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There are many developments being made in the crypto-ecosystem aiming to overcome the problem of power inefficiency carried by Proof of Work algorithm hashing. The RaiBlocks project is one of those projects that stand out not just by introducing the network stacking PoS system and the quality of the innovative developments but also by the new concepts that the team is trying to introduce. Raiblocks has a very small team but is also a highly motivated team of developers with a strong will to introduce remarkable innovative changes.