Episode 161 – A Costly Lesson for the DAO

The British Exit from the European Union is rife with news about fear, uncertainty and doubt. The DAO suffers a fatal attack and loses 3.5 million ether in an exploit. The Federal Reserve keeps rates unchanged.

 

 

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Traditional Markets

Gold up $1299

Silver up $17.47

Oil steady $48.26

DOW Jones down 17,675

30Y UST down again to 2.421%

Crypto Markets

BTC rockets to $764

LTC up $5.50

Dash up $8.38

Ether drops to  $12.49

News

FUD about possible Brexit

http://www.bbc.com/news/business-36561720

Ethereum DAO drained of Ether

https://www.cryptocoinsnews.com/exclusive-full-interview-transcript-alleged-dao-attacker/

http://cointelegraph.com/news/human-factor-behind-the-dao-attack-ethereum-rollback-not-option

Slock Blog

https://blog.slock.it/a-fork-in-the-road-c3c267b9ff31#.5ygx4xspl

Vitalik’s Blog

https://blog.ethereum.org/2016/06/17/critical-update-re-dao-vulnerability/

https://blog.ethereum.org/2016/06/19/thinking-smart-contract-security/

Fed keeps rates unchanged

http://www.foxbusiness.com/markets/2016/06/15/fomc-keeps-rates-unchanged.html

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