Crypto Coins Enterprise Denmark Aps and Steemit start crowdfunding for startups 'Projects Corner' - International Business Times UK

Crypto Coins Enterprise Denmark Aps (CCEDK), a startup service provider focused on crowdfunding, is using Steemit, the decentralised social media platform that returns value to the people who provide contributions by rewarding them with virtual currency, to launch "Projects Corner".CCEDK, which operates the OpenLedger platform, said Projects Corner (a reference to Hyde Park's Speakers' Corner) means "having a chance to present your project in public, getting feedback and comments telling you if you got it all right or need to go back to the drawing board for a rewrite."Steemit allows you to have the replies and interaction giving you that extra kick to surpass the initial stage of not knowing what you have, until you're told. Steem your way to crowdfunding, or make money trying - Upvoting is Steem!" said a post by CCEDK.This session ends July 31st at Midnight GMT. "We give you one week on Steem to 'sell' your project to an increasing amount of demanding and potential users of your product, and through their upvotes and sharing of this post decide who gets a shot at getting their project listed as LIVE ICO on CCEDK .CCEDK said project-bearing hopefuls can begin by replying to the post, then signing up with Steemit and also start tweeting about their project and using any social media means available. Even if you don't make it to the final stages, you will make money trying, thanks to repeated upvotes and sharing, said the post.Ronny Boesing, chief executive officer of CCEDK, said: "The total amount of Steem dollars achieved by the time of Midnight July 31st, is the amount entering into a monthly runnerup of four projects, competing last week of August for a chance of getting crowdfunded via an ICO launched on OpenLedger taking place exactly two months later for a consecutive four weeks with full media coverage and worldwide attention."If you win you agree to include the Steem dollars achieved as part of the costs to cover the campaign. If you don't, you can walk away with hopefully enough to keep on working on your project."Boesing said the last part of the selection process requires participants to undergo a validation process confirming their full identity. "It might be a good time if not already to create a linkedin profile as well. We believe in full transparency on all fronts and it is of course essential to present your project best possible to the world,

Steemit Starts Post-Hack Account Recovery as Steem Market Cap Tops $380m - Finance Magnates

Photo: Finance MagnatesSteemit, the decentralized social media platform rewarding users for their work with cryptocurrency, has announced that account recovery is now available for affected members following last week’s cyber attack.The hacking was rather minor compared with other attacks on cryptocurrency firms with fewer than 260 accounts compromised, and less than $85,000 worth of Steem stolen. Despite this, the platform has taken a proactive approach, quickly notifying all clients they will be reimbursed in full and contacting relevant legal authorities for help, including the FBI.

Steemit experienced hack, theft of user funds, and DDoS attack - Graham Cluley Security News

Steemit recently experienced both a hack that resulted in the theft of users' funds and a distributed denial-of-service (DDoS) attack.Steem is a type of technology that feeds Steemit, a social media website. Members of Steemit earn Steem Power and Steem Dollars, with one Steem Dollar equivalent to one United States Dollar, for posting and curating popular content.On July 14, users of the site began noticing suspicious transactions on their accounts. For instance, one member by the name of "dragonslayer109" noticed US $300 had been transferred from his account to a Bittrex account, an exchange that allows Steemit users to withdraw their Steem Dollars as Bitcoins.

Steemit's IT teams launched an investigation into those issues and determined the site had experienced an attack that affected a small number of users.As Steemit CEO Ned Scott told all Steemers on Thursday:"Steemit was today subjected to a cyber attack. In the attack, fewer than 260 accounts were compromised, and less than $85,000 worth of Steem Dollars and Steem may have been stolen.The hack has now been contained. User accounts and wallets are not at risk, and we hope to soon reactivate the Steemit website to normal order. Any users whose accounts were compromised will be completely reimbursed."

In response to the hack, Steemit notified the FBI and launched "a full, internal investigation" into the incident. The site also temporarily suspended members' ability to deposit or withdraw Steem and Steem dollars.A day later, Scott announced the site's admins had secured most of the accounts with balances exceeding $100 and that they were about to institute a password reset for all users affected by the hack:"Within the next 48 hours, Steemit will begin to allow all newly secured accounts to reset their passwords simply by logging in with the same Facebook or Reddit credentials that were used to register in the first place. This easy process will work for the vast majority of the potentially compromised accounts. All of these account holders will regain full access to their funds and their original account name."It was shortly after Steemit made this announcement that it experienced a DDoS attack.As reported by Softpedia, the site used the attack to update its servers and institute something called "blockchain-based multi-factor authentication," presumably an account security feature.Steemit's investigation into this incident is ongoing at this time.If you are a Steemit user, you should change your password regardless of whether you were affected by the hack. Users should also implement multi-factor authentication if it is available. (That could very well be the new "blockchain-based multi-factor authentication" feature.)About the author, David Bisson David Bisson is an infosec news junkie and security journalist. He works as Contributing Editor for Graham Cluley Security News, Associate Editor for Tripwire's "The State of Security" blog, Contributing Author to Carbonite, and Content Contributor to Metacompliance Ltd. and OASIS Open.