wallets and exchanges [Updated] Potential Issue Reported - Ethereum Chamber WalletThe Ethereum Chamber is allegedly copying private wallet keys from users to its database.UPDATE at 3:51pm PST Ethereum Chamber’s website no longer provides wallet services, but instead displays the Juicy J “Blue Bentley” rap video.UPDATE at 3:28pm PST When asked by ETHNews to respond to the allegation of stealing private keys, Ethereum Chamber replied: Theft is illegal.We don't condone illegal activities.Lol UPDATE at 2:42pm PST Taylor from MyEtherWallet told ETHNews: "No one should trust a website with their private keys, ever.We have worked hard for almost two years to gain the trust of the community, and will continue to be an open-source and trustworthy site.This ensures your private keys are never on an internet-connected device.As the price rises, more and more lazy scammers will attempt to take your funds.Phishers, untrustworthy sites, malware, remote access software -- the list goes on and on.

Please be cautious, aware, and take steps to secure your private keys."ETHNews reached out to Ethereum Chamber for a comment and have yet to receive a response.Original post at 2:06pm PST MyEtherWallet has tweeted a warning to users not to use the Ethereum Chamber under allegations of stolen wallet keys.⚠ CONFIRMED: Ethereum Chamber is stealing your private keys.⚠ DO NOT USE.😡 #/JJf5EzhtT2 — (@myetherwallet) June 5, 2017 The Ethereum Chamber paid to have press releases pushed through various news organizations advertising its Ethereum compatible wallet.However, sources tell ETHNews that after analyzing the code, they have determined the site where users can generate wallets is stealing the keys that safeguard wallets from unwanted malicious activity.Users who open wallets on the site may unwittingly be turning over their assets to scammers.Users are warned to refrain from creating wallets on the purportedly fraudulent site.ETHNews will continue to cover this story as it develops and provide updates.

ETHNews is commited to its Editorial Policy Like what you read?Follow us on Twitter @ETHNews_ to receive the latest on , or other Ethereum wallets and exchanges news.London FinTech Startup Blockchain Raises $40 Million From Lakestar, GV, And Others GDAX Exchange Sees Flash Crash Of Ether – Market Immediately Rebounds Vxlabs Reveals Jaxx Wallet “Vulnerability” Cryptocurrency CopyFund Launched By eToro Coinbase Seeks Investors At Billion Dollar Valuationbitcoin pizza 2010Ethereum is going through a crisis right now due to problems related to The DAO, which was the smart contract platform’s most notable project up to this point.most secure bitcoin wallet 2015While Ethereum supporters tout it as a more advanced, more powerful alternative to Bitcoin, those added features also may cause issues in terms of the reliability and security of the applications built on top of the blockchain.bitcoin fog address

Although not an Ethereum basher by any means, 21 CEO Balaji Srinivasan recently shared some of his concerns with Ethereum at an event hosted by Boost VC.When initially talking about Ethereum in response to a question from the audience, Srinivasan noted that he respects Ethereum Founder Vitalik Buterin and plays around with the software a bit.bitcoin blender linkHe even added that 21 will likely support the Bitcoin alternative at some point in the future.drill bit bitcoinThe 21 CEO likes Ethereum’s 17-second confirmation times and commitment to on-chain scaling, but he also pointed out three unresolved issues with the ambitious project.bitcoin dari gameNow that real projects have been built on top of Ethereum, more hackers are taking a closer look at the platform.bitcoin calculator gbp

In a way, The DAO was a more than $100 million bug bounty built to test the reliability of the kinds of smart contracts that can be written on top of Ethereum.Ethereum has seen an increase as a percentage of Bitcoin’s overall market cap this year, which means more people are now paying attention to the project.10x bitcoinDuring his recent talk, Srinivasan noted the number of people looking to find vulnerabilities in Ethereum will grow as the market cap rises.silk road bitcoin how toHe stated: “Ethereum is close as a percentage [of Bitcoin’s market cap], and if it ever did become really close, I think you would see a level of Internet trollery and DDOSing that you’ve never seen before.” Srinivasan added, “Ethereum has a larger attack surface, and Bitcoin has been more stress-tested.” In addition to possible issues with Ethereum’s base protocol layer, there is also the issue of smart contracts being extremely difficult to write properly -- as was evidenced by the recent fiasco with The DAO.

It may be true that Ethereum allows developers to create more complex smart contracts than what’s possible with Bitcoin, but it’s also important to realize these smart contracts are extremely difficult to verify as safe -- as Cornell Professor Emin Gün Sirer recently pointed out in a blog post.I personally don't believe in the vision of a "JavaScript for Smart Contracts" — fiduciary class security is hard.https://t.co/SDiGPOVERU — Christopher Allen (@ChristopherA) June 27, 2016 Ethereum developers have also been planning a move from proof-of-work to proof-of-stake for quite some time.In a proof-of-stake system, hashing power is replaced by holding tokens (in this case ether) for the mining process.During his recent talk, Srinivasan referred to proof-of-stake as “a major, open technical question.” Srinivasan then explained one of the issues he sees with a proof-of-stake system: “With proof-of-work, you have a fundamental measure of how much computation went into the length of the chain, whereas with proof-of-stake, you only know how many votes were taken.

You could imagine a situation where people do an attack called ‘grinding’ where you have a hydra-like thing with lots of competing Ethereum blockchains.And you have to figure out which one is actually the canonical one to follow, and then you’ve added trust into the system -- as opposed to the simple heuristic of just picking the longest chain with the most proof-of-work.” “Vitalik says he’s got an answer for this, and he’s a smart guy, so I’ve an open mind on this.But it’s an unsolved problem in my mind,” Srinivasan added.When comparisons are made between Bitcoin and Ethereum, one point that is almost always brought up is that Bitcoin tries to keep things simple.While Ethereum is attempting to be Bitcoin 2.0 and “decentralize all the things,” Bitcoin developers are focused on making sure their particular network is able to maintain a digital bearer asset.Srinivasan touched on the difficulties associated with expanding on Satoshi Nakamoto’s ideas and applying that sort of game theory to other aspects of society: “It took Satoshi-level game theory to figure out a way to do a decentralized wire transfer.

That’s what Bitcoin is -- a decentralized wire transfer . . . If it took that to get a decentralized wire transfer, how much more challenging is it to decentralize corporate charter?” Srinivasan then explained that Andreessen Horowitz, where he is a board partner, knows all of their limited partners, and they tend to be pretty conservative institutions.“They all know each other.We all eat food together or whatever,” he noted.“Still, our charter runs to thousands of pages with all kinds of weird edge cases and stuff.” In the case of The DAO, those known institutions are replaced by anonymous individuals who don’t necessarily need to protect any sort of reputation attached to the real world.In terms of when these sorts of problems may eventually be figured out, Srinivasan stated, “Decentralizing corporate law, I think, is going to be like at least ten or twenty years . . . When you start doing game theory not on two people but on 2,000 people, that’s an unsolved problem.” Smart contracts may be to cryptocurrency what autonomous robots were to computers.