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SpankChain spanked

SpankChain, a cryptocurrency aimed at decentralized sex cams, has announced that a hacker stole about $38,000 from their payment channel thanks to a broken smart contract. They wrote: At 6pm PST Saturday, an unknown attacker drained 165.38 ETH (~$38,000) from our payment channel smart contract which also resulted in $4,000 worth of BOOTY on the contract becoming immobilized. Of the stolen/immobilized ETH/BOOTY, 34.99 ETH (~$8,000) and 1271.88 BOOTY belongs to users (~$9,300 total), and the rest belonged to SpankChain. Our immediate priority has been to provide complete reimbursements to all users who lost funds. We are preparing an ETH airdrop to cover all $9,300 worth of ETH and BOOTY that belonged to users. Funds will be sent directly to users’ SpankPay accounts, and will be available as soon as we reboot Spank.Live. The hacker used a ‘reentrancy’ bug in which the user calls the same transfer multiple times, draining a little Ethereum each time. The bug is the same one that previously affected the DAO. The company pointed out that a security audit on their smart contract would have cost $50,000, a bit more than the amount lost. “As we move forward and grow, we will be stepping up our security practices, and making sure to get multiple internal audits for any smart contract code we publish, as well as at least one professional external audit,” they wrote. I’ve reached out to the company for clarification but in short it seems the spanker has become the spankee. UPDATE – According to the CEO the hacker returned the cash and offered to help Spankchain fix its smart contract. Who said the crypto world was full of crooks and liars! Ladies and gentlemen, I present the real winner of the @ETHSanFrancisco hackathon! https://t.co/kfA6NVV71J — Ameen Soleimani (@ameensol) October 11, 2018

Meet the startups in the latest Alchemist class

Alchemist is the Valley’s premiere enterprise accelerator and every season they feature a group of promising startups. They are also trying something new this year: they’re putting a reserve button next to each company, allowing angels to express their interest in investing immediately. It’s a clever addition to the demo day model. You can watch the live stream at 3pm PST here. Videoflow – Videoflow allows broadcasters to personalize live TV. The founding team is a duo of brothers — one from the creative side of TV as a designer, the other a computer scientist. Their SaaS product delivers personalized and targeted content on top of live video streams to viewers. Completely bootstrapped to date, they’ve landed NBC, ABC, and CBS Sports as paying customers and appear to be growing fast, having booked over $300k in revenue this year. Redbird Health Tech – Redbird is a lab-in-a-box for convenient health monitoring in emerging market pharmacies, starting with Africa. Africa has the fastest growing middle class in the world — but also the fastest growing rate of diabetes (double North America’s). Redbird supplies local pharmacies with software and rapid tests to transform them into health monitoring points – for anything from blood sugar to malaria to cholesterol. The founding team includes a Princeton Chemical Engineer, 2 Peace Corps alums, and a Pharmacist from Ghana’s top engineering school. They have 20 customers, and are growing 36% week over week. Shuttle – Shuttle is getting a head start on the future of space travel by building a commercial spaceflight booking platform. Space tourism may be coming sooner than you think. Shuttle wants to democratize access to the heavens above. Founded by a Stanford Computer Science alum active in Stanford’s Student Space Society, Shuttle has partnerships with the leading spaceflight operators, including Virgin Galactic, Space Adventures, and Zero-G. Tickets to space today will set you back a cool $250K, but Shuttle believes that prices will drop exponentially as reusable rockets and landing pads become pervasive. They have $1.6m in reservations and growing. Birdnest – Threading the needle between communal and private, Birdnest is the…

Internet of Things (IoT) testing

IoT evolved in 2010 when dedicated servers and applications featuring IoT emerged to link daily-life devices with the internet for smart controlling. Wait! What is IoT? IoT is, basically, the exchange of data between devices that employ microchips to transfer data between several servers. It may be your smartwatch, counting the number of steps you The post Internet of Things (IoT) testing appeared first on Small Business.

‘Have faith in what you’re doing’ – Confessions of a Startup

Isabella Lane started Smarter Applications with husband Christian two and a half years ago. Their first product was a wifi kettle, which they built for £100 Subscribe and review on iTunes, Soundcloud & Mixcloud and join the discussion on Facebook and Twitter. From its humble beginnings with just a £100 wifi kettle prototype, Smarter Applications has come a long way. The kettles are now stocked in the likes of Harrods and John Lewis and the company has also launched a wifi coffee machine and fridge cam in Europe, with plans to export to the US in 2017. Continue reading…

Smart Home Innovations Pave the Way for IoT Business Opportunities

Technology is always innovating and it is now a bigger part of our lives than ever before. Most of us interact with a variety of different pieces of technology every day, whether it is our smart phones, our Google Home, or any other technology you might use or have in your life. However, not only […] The post Smart Home Innovations Pave the Way for IoT Business Opportunities appeared first on SmallBizClub.

GO VIRAL with a software that gets you PAID!

You are about to discover the most powerful form of marketing that exists online today! …VIRAL TRAFFIC!   You know what a virus is right? A disease that spreads, uncontrollably, without you trying to spread it. What if you had a website like that? A viral site? That kept generating new traffic everyday, because other people were spreading it, FOR YOU, FOR FREE?! ==> click here to get your own viral site Yeah, now you can have one too! Just post your favorites videos and MAKE MONEY! It’s that simple.

IoT in Sport: Perfecting Your Golf Swing

Entrepreneurs love to golf. Some even engage in a competitive golf tournament.  Just like what the do for their businesses, they always look for ways to perfect their golf game… Read more » The post IoT in Sport: Perfecting Your Golf Swing appeared first on Noobpreneur.com. Powered by WPeMatico

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