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Category: 51%
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Bitcoinsv Chain Suffers 51% Attack: Analyst Claims BSV Network Experienced a 100-Block Reorg
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Exchange Providers Halt BSV Services as Mining Pool Captures 78% of BSV Network Hashrate
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Study Finds Certain Proof of Stake Networks Vulnerable to Low Cost Attacks
On Jan. 22, a team of students from the University of Illinois at Urbana Champaign (UIUC) released a unique study concerning the longevity of certain proof of stake (PoS) networks. According to the research, more than 26 PoS blockchains could suffer from vulnerabilities called “Fake Stake” attacks. Also read: Satoshi’s Bitcoin Whitepaper Is Now Available in […]
The post Study Finds Certain Proof of Stake Networks Vulnerable to Low Cost Attacks appeared first on Bitcoin News.
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Coinbase Suspends Ethereum Classic Following 51 Percent Attack
Coinbase has ceased interactions with the Ethereum Classic (ETC) blockchain after the exchange detected a 51 percent attack on the network. Following the discovery of a “deep chain reorganization” of the ETC blockchain, Coinbase suspended Ethereum Classic withdrawals and deposits. Also Read: Major Mining Pools Have a ‘High Die-Off Rate’ Study Reveals Coinbase Stops Interacting With […]
The post Coinbase Suspends Ethereum Classic Following 51 Percent Attack appeared first on Bitcoin News.
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Major Mining Pools Have a ‘High Die-Off Rate’ Study Reveals
On Monday, Coinmetrics.io published a study looking at hashrate history of the most competitive BTC mining pools. The research from the open source cryptocurrency analytics site reveals interesting insights into how the mining ecosystem has evolved over time. Also read: Connecticut Software Engineering School Receives $10,000 BTC Donation ‘Major Mining Pools Are Fallible’ Cryptocurrency mining is a […]
The post Major Mining Pools Have a ‘High Die-Off Rate’ Study Reveals appeared first on Bitcoin News.
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Hacker Livestreams 51% Attack on Bitcoin Private
On Oct. 13, ethical hacker “Geocold” followed through on his promise to 51 percent attack an altcoin. He eventually settled on Bitcoin Private (BTCP), and quickly gained majority hashrate control, but the spectacle was fraught with setbacks, including censorship from two streaming services that pulled the plug. Also read: Mischief-Maker Promises to Livestream a 51% […]
The post Hacker Livestreams 51% Attack on Bitcoin Private appeared first on Bitcoin News.
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Study Argues Chinese Mining Centralization Poses Threat to Bitcoin Network
A joint study conducted by Princeton University and Florida International University has found three-quarters of Bitcoin mining is based in China and warned of the potential risks that could result from the significant geographical centralization of the mining network. Also Read: Worst Cryptocurrencies of 2018 Have Left Some Heavy Bagholders Researchers Argue China is the “Most […]
The post Study Argues Chinese Mining Centralization Poses Threat to Bitcoin Network appeared first on Bitcoin News.
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Syscoin Hack Disrupts Binance Prompting Temporary Shutdown
Syscoin has been hit by an unusual hack that has manipulated the coin’s total supply. The attackers then sent the fraudulently generated coins to Binance and sold them, pushing the price of 1 SYS to as high as 96 BTC. The BTC they received was then withdrawn, prompting Binance to temporarily cease trading and to […]
The post Syscoin Hack Disrupts Binance Prompting Temporary Shutdown appeared first on Bitcoin News.
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The Anonymous Bitcoin.org Owner Accuses BTC Mining Pools of Centralization
There’s been a lot of controversy over the past few weeks stemming from the anonymous Twitter handle and co-owner of Bitcoin.org, ‘Cobra Bitcoin.’ The well-known BTC community member has been at the forefront of contentious subjects for many years now, and this week Cobra is claiming that one man has control of more than 51 […]
The post The Anonymous Bitcoin.org Owner Accuses BTC Mining Pools of Centralization appeared first on Bitcoin News.
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