Binance to Investigate Fetch ai Attack
“Binance has been ordered by a London court to further investigate a Fetch. ai attack which originated in Russia and was used to cause a loss of $2. 6m of cryptocurrency. “Binance has been ordered by a London court to further investigate a Fetch. ai attack which originated in Russia and was used to cause a loss of $2. 6m of cryptocurrency. The court ordered the company to trace the hackers whose actions led to the compromise of the victim’s cryptocurrency.
ai has been accused of stealing over $6m in ether following the DApp’s “pumpkin network” hack earlier this year. The company, which used to be one of the first to launch, was eventually sued by the UK government, which claimed it had “caused the sale of unregistered ether to fund the activities of the Russian Federation Government, which was used to destabilize the United Kingdom.
But the latest order from the court in London is in stark contrast to the company’s actions. In the wake of the hack, Fetch. ai began to develop its own version of the DApp, called Fetch. eth, which offered traders the ability to trade in ether in a bid to prevent attacks. Shortly after, the company stopped accepting donations and began to operate as a charity.
Binance, the largest cryptocurrency exchange in Europe, has been asked by the company to trace the origin of the attack, which was carried out by hacker Foutoo, on February 20, claiming to be in possession of £2.
“Binance is hereby ordered to further investigate Foutoo’s actions and identify the individuals who may have breached the law relating to a criminal offence by facilitating the purchase of tokens.
The court ruling is the fifth time Binance has been hit with a suit brought by the UK government.
Fetch.ai and the $2.6M$ Attack.
Cointelegraph. com — Fetch. ai — one of China’s hottest AI startups has published its first ever paper on how it will be deploying a blockchain-based solution to combat the $2. 6 million Bitcoin mining industry. ai, according to a New York Times article posted on February 5, is attempting to use smart contracts to mitigate the risks associated with cryptocurrency miners.
According to Fetch. ai, its blockchain-based solution would “build a more secure, more accurate model of the Bitcoin blockchain,” and also provide “a data-driven way to ensure these new models will be correct,” allowing the Bitcoin blockchain to run more efficiently.
ai’s white paper, which it released on January 29, the startup describes its blockchain-based solution as a “fiat currency-like system” that it will deploy.
The blockchain-based solution will be deployed within Fetch. ai’s distributed ledger, dubbed the “Fetch blockchain. ” It will also serve as a solution for both large and small miners that want to mine a new cryptocurrency. The startup also states that its solution will “improve the way that miners earn money by taking risks,” while allowing it to “decouple the mining process from the blockchain. ai also suggests that its solution could prove to be profitable for both the startups and the Bitcoin mining industry. For example, Fetch. ai states that the startup can “close the profit gap between the first and second layers of the blockchain” and also claim that it will help the Bitcoin mining industry “to scale up” by providing an easy way for large miners to “collaborate.
“In many ways, cryptocurrency miners are the most valuable companies we have,” Fetch. “They earn money by providing a product that we are trying to make profitable.
Fetch.ai, the Royal Courts of Justice, and Syedur Rahman
About the Fetch. ai is the world’s first and only payments app built on the Ethereum blockchain. It is building an entirely new form of smart contracts and payment infrastructure to enable a much easier, quicker and more secure way for people and businesses to transact. The Fetch app connects merchants to the people they know and trust, in exchange for their goods and services. There are no fees and, ultimately, no chargebacks, which means that users can transact with each other in real-world time, without any intermediaries. The Fetch App has a user-friendly interface and a straightforward interface for developers to create and publish their own smart contracts. The Fetch App can also be used to execute transactions between users and merchants, as well as between merchants and other service providers and others. This app is powered by the ERC-721 and ERC-721+ token, which allows users to use the app and tokens to pay for goods and services. Users can also purchase tokens, which can be used to pay for more transactions with the Fetch App.
ai Team: The Fetch. ai team is chaired by co-founder, CEO, and developer, Syedur Rahman.
Binance helps Fetch.ai recover assets.
Tips of the Day in Cryptocurrency
The CEO of one of the world’s largest crypto exchanges — a market that’s up nearly 700% since January — has warned that the crypto market has “gone down.
Binance COO Zhao said Binance will use the “fiscal year 2018 period to make a decision regarding the future development of the crypto-coin market.
“We aim to expand the platform to improve the speed and security of our services and the security of our user’s account,” Zhao said.
Zhao is clearly concerned about the current situation. Binance, which is one of the biggest and fastest-growing altcoins, had seen a massive increase in its trading volume over the past few months — nearly tripling from around $35 million in mid-December to $124 million last month. The massive volume is not due to any new or existing trading pairs.