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#ELECTRUM LTC SERVER DID NOT ANSWER FULL#

The firm’s Shenzhen location will undergo a similar layoff in terms of percentage. Dovey Wan, a prominent Chinese crypto diehard, claimed that Bitmain’s Beijing office will only house 300 staffers, compared to the 1,000+ pre-layoff. Interestingly, the company failed to disclose the exact details of this pertinent industry happening. Company spokespeople explained that the heavyweight, once valued at over $10 billion dollars, was looking to make “some adjustment to our staff this year.” Trying to sweeten the bitter statement, it was explained that the layoffs were aimed at “auxiliary” arms. In a statement given to the South China Morning Post, it appears this internal adjustment have been confirmed.

Crypto Powerhouse Bitmain Laying Off Staffers: Last week, reports arose that Bitmain, the Beijing-based crypto mining giant, was looking to lay off much of its 2,000+ staffers.

Commenting on the rationale behind this sponsorship, Eidson explained that the Litecoin Foundation has intentions to continue partnerships with “great companies and brands” moving into 2019, making it logical for the cryptocurrency to “step into UFC’s world-famous Octagon now.” Interestingly, this sponsorship isn’t straight out of left field, as Lee told Bloomberg that he intends to focus on adoption in 2019, making this move (while still in 2018) an evident jab at bolstering Litecoin’s global presence. The match, which will be the last UFC contest of 2018, will see Jones challenge Gustafsson in a Light Heavyweight match. In an announcement released in tandem with Lee’s tweet on the matter, John Eidson, the director of marketing & communications at the Litecoin Foundation, explained that Litecoin will become the “Official Cryptocurrency Partner” of the upcoming sports event, which will take place this Saturday (December 29th) in Inglewood, California.

Litecoin To Sponsor UFC 232: Charlie Lee, the creator of Litecoin and a long-time crypto diehard, recently revealed the LTC logo will make its way onto the stage of UFC (Ultimate Fighting Championship) 232: Jones Vs.

If downloaded, the malicious application would request for users to input a 2FA code, which was siphoned to the attacker, subsequently allowing Bitcoin (BTC) to be snatched. Via the use of the attack vector, the bad actors netted 200+ BTC, valued at ~$800,000 at the time of writing. Electrum Wallet Breached, 250+ Bitcoin Stolen: On Thursday, reports arose that Electrum Wallet, a popular open-source project founded in mid-June 2011, was breached in a “clever attack.” Per ZDNet, who broke the news, hackers purportedly added dozens of “malicious servers” to the Electrum network, so when a user issued a transaction, a hacker-backed server would reply with an error message asking victims to visit a fraudulent GitHub repository (repo).

However, it hasn’t been all sunshine and rainbows, as the Electrum Wallet came under attack, while Huobi and Bitmain laid off employees. The Litecoin Foundation divulged a sponsorship with the UFC, while Bitcoin’s Lightning Network continued to swell.

#ELECTRUM LTC SERVER DID NOT ANSWER FULL#

While the holiday spirit was in full swing over the past week, the crypto industry maintained its unrelenting drive for growth and adoption.