October 31, 2026

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Tipping App Gitcash Returns With Plans to ‘Make It Rain’ BCH on Github

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Tipping App Gitcash Returns With Plans to ‘Make It Rain’ BCH on Github
Tipping app gitcash returns with plans to 'make it rain' bch on github

The Gitcash project has re-launched this week after taking a brief hiatus following the bitcoin Cash hard fork. After returning, the Github tipping application has released a new splitting application for pre-fork bitcoin cash and this past ‘Tipping Tuesday’ the Gitcash crew “made it rain” BCH on unsuspecting Github projects.

Also Read: Digital Currency Platform Revolut Receives European Banking License

Gitcash Returns to the BCH Community With a Splitting Tool

Tipping app gitcash returns with plans to 'make it rain' bch on githubIn June, news.bitcoin.com reported on the Gitcash.io platform, an application that enables bitcoin cash (BCH) tipping natively on the Github software development website. After the BCH fork that resulted in a blockchain split, the application took a brief pause, just like other bitcoin cash services at that time. At that point in time, the Gitcash team gave a shout out to BCH infrastructure providers on Nov. 19 who were suffering as a result of “this stupid fork.” Then on Monday, Dec. 14, Gitcash creators announced they were resuming operations and released a new coin-splitting tool for users who wish to separate their BCH and BSV.

“Forkin’ blues got ya down? Us too, but then we re-launched with a bunch of sweet new features, and here’s one now — Deposit the pre-fork coins that you haven’t gotten around to splitting and Gitcash will do it for you,” explained the team’s developers after publishing a video demonstration of the new tool.

Tipping app gitcash returns with plans to 'make it rain' bch on github

Gitcash Leaderboards and ‘Making it Rain’

The following day, in honor of ‘Tipping Tuesday,’ the Gitcash team said they planned on “making it rain BCH on some unsuspecting Github projects.” Additionally, the project published another video on how to use the new ‘explore’ page on Gitcash, in order to find and tip certain Github repositories. The video also demonstrates how repository owners can claim their bitcoin cash. “This feature was created to allow Gitcash users to financially support specific projects while giving the owner a way to disperse the funds amongst the project’s contributors,” the video description details.

In order to use the Gitcash application, users simply log in with their Github account and there are no separate passwords involved. Gitcash account funding can also be done with any BCH wallet or imported private keys. The project has a leaderboard showing statistics like the Gitcash application’s top earners. At the moment the most tipped users on Github include ‘Maplesyrupsucker,’ ‘Seanwarman,’ and ‘Cgcardona.’

Tipping app gitcash returns with plans to 'make it rain' bch on github

Spreading bitcoin Cash Adoption

On Thursday, Dec. 13, the Gitcash crew thanked a user for “identifying a pesky bug” for the team and told the platform’s Twitter followers to check out the user’s remote mining tool. The Github user’s project is called a Full Cycle Mining Controller, which is a workflow message bus microservice architecture for bitcoin mining. This type of open source community support is what the Gitcash project is all about, and its main objective is to spread BCH adoption. The developers have emphasized that the Gitcash software is free and the team covers operational expenses by donations from the community. “This service only exists to spread the use of bitcoin cash and motivate others to be inspired by it as we’ve been,” the Gitcash website declares.

What do you think about the Gitcash team re-launching the Github tipping platform this week? Let us know in the comments section below.

Images via Shutterstock, Gitcash, and Twitter. 

At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

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After Second Hack This Year, South Korean Exchange Youbit Closes Down

After Second Hack This Year, South Korean Exchange Youbit Closes Down

South Korean exchange Youbit announced on its website today that it is closing down after a hack early Tuesday, December 19, 2017, that resulted in the loss of 17 percent of its assets.

The exchange, previously known as Yapizon, did not indicate how many bitcoins or other cryptocurrencies were stolen or what the total fiat value of the attack amounted to, but it was enough to lead to bankruptcy.

This was the second hack the exchange suffered this year. A prior attack in April 2017, resulted in the loss of 3,816 bitcoins, worth around $5 million at the time.

Youbit said hackers broke into its hot wallet, the online account used to pay out cryptocurrencies instantly. While hot wallets offer greater convenience, they also put funds at greater risk because they are connected to the internet.

The remaining coins were kept offline in a cold wallet, the exchange said, resulting in no additional losses. The exchange indicated that customers could withdraw up to 75 percent of their balances, and the rest would be tallied out after the final settlement.

Korea Internet & Security Agency (KISA), the state agency that responds to cyberattacks, is investigating the incident, as reported in Reuters. KISA has maintained that North Korean hackers were behind the first hack.

Chris Doman, threat engineer at software security company AlienVault, told bitcoin Magazine, he suspects BlueNoroff, a subgroup of North Korea’s cyber crime group Lazarus is responsible for the second Youbit attack. Lazarus is known for the November 2014 hack on Sony Pictures Entertainment, one of the biggest corporate breaches in history.

While attacks by Lazarus have mainly been aimed at social disruption, recent reports indicate the group is increasingly going after money. With the value of bitcoin surging to all-time highs, exchanges are becoming a lucrative target.

“The first time I saw them target a bitcoin company was in May this year — the same month they unleashed WannaCry,” Doman said in a statement shared with bitcoin Magazine.

The exchange that Doman was refering to is South Korean bitcoin exchange Bithumb. Around that same time, WannaCry ransomware attacks were encrypting user’s computers and offering to de-encrypt them in exchange for bitcoin. Analysis of the techniques used in the WannaCry attacks show strong links to Lazarus.  

Doman added, “They’ve also used related malware to opportunistically mine Monero coins on compromised servers. Clearly they have a large interest in cryptocurrencies as an easy method for economic gain, as well as an opportunity to economically weaken their enemies.”

Although Youbit is one of the smaller bitcoin exchanges, the hack underscores the risk involved in leaving funds on an exchange, where control of those funds is handed over to a third party and is only as safe as whatever security measures that exchange chooses to use.

Throughout the history of bitcoin, hacks have amounted to painful losses. When bitcoin exchange Mt. Gox began liquidation proceedings in April 2014, the company announced that approximately 850,000 bitcoins were missing, an amount valued at more than $450 million at the time. In August 2016, the bitcoin exchange Bitfinex announced hackers stole approximately 120,000 BTC, worth $72 million at the time.

The post After Second Hack This Year, South Korean Exchange Youbit Closes Down appeared first on Bitcoin Magazine.