Auto Added by WPeMatico
Canada’s Central Bank (BOC) released a working paper this month, Incentive Compatibility on the Blockchain. In it, BOC seems to argue the world’s most popular cryptocurrency, Bitcoin, is safe from a 51% attack, double spend scenario through the right incentive structure and proof of work (POW). Also read: Coinbase Flexes Muscle, Creates Political Action Committee […]
The post Canada Central Bank: Bitcoin Safe From 51% Attack, Double Spending appeared first on Bitcoin News.
Powered by WPeMatico
Bitcoin is now trading for roughly $200 more than where it stood yesterday, reaching the $7,500 mark in less than 24 hours. Prior, bitcoin had been trading for this amount during the late evening of Tuesday, May 29, only to fall to $7,400 and then $7,300 the following day. While it’s not worth breaking out the champagne just yet, investors are breathing a sigh of relief now that the market is showing small signs of recovery. Bitcoin has been under serious pressure over the last few days, with new resistance developed at the $7,600 level. One source predicted that thePowered by WPeMatico
Bitcoin has surprised us all and jumped by approximately five percent in less than an hour. The cryptocurrency was trading for roughly $7,100 during the early morning of May 29, only to incur a spike that saw its price rise by over $300. This is good news, in the short-term… And yet, it appears the bulls are not making a valid and full appearance as of late. Bitcoin is roughly ten percent away from a solid buying mark should the bear sentiment remain as it is, though some analysts believe stronger (and renewed) sentiment will appear if bitcoin drops backPowered by WPeMatico