How To Lose $140 Million In An Instant

QuadrigaCX, a Canadian cryptocurrency exchange, is home to more than $140 million in cryptocurrencies. Lately it found itself in the news and in the Canadian courts due to the death of its founder, Gerald Cotten, who passed away in December and took with him the only passwords to their crypto vaults. More than 115,000 hapless investors are left without access to their crypto wealth and little recourse to recover their assets.

The death of a key person who had access to passwords with no redundancy is an extraordinarily rare event, especially if it is going to lock 115,000 people out of their crypto fortunes. In this case, sadly, that fact that encryption is working and works very well against its own investors.

Why it’s hot: when security becomes vulnerability.

Source

Meet the CryptoKitties

 First, a quick definition, according to CryptoKitties’ website:
” CryptoKitties is one of the world’s first games to be built on blockchain technology—the same breakthrough that makes things like Bitcoin and Ethereum possible. Bitcoin and ether are cryptocurrencies but CryptoKitties are crypto-collectibles. You can buy, sell, or trade your CryptoKitty like it was a traditional collectible, secure in the knowledge that blockchain will track ownership securely.”

The game’s developers describe them as “breedable Beanie Babies” and each one of them has its own unique 256-bit genome. The kitties’ unique DNA can lead to four billion possible genetic variations.

Developers also say that these crypto-collectibles cats are gender-fluid, able to play the role of either the “dame” or the “sire” when bred together.

So far people have spent more than $ 3 million dollars on it (!!!).

Check out the CryptoKittens for sale here.

Why It’s hot:

More info: BBC, Mashable