Auto Added by WPeMatico
In the world of cryptocurrencies, there is a major threat known as the 51% attack. Numerous currencies have suffered from such attacks, and the year 2018 has been no different in this regard. It now seems one particular user is intent on attacking Einsteinium next week. The event will be broadcasted on Twitch, which raises […]
The post Reddit User Will Livestream 51% Attack Against Einsteinium on Twitch appeared first on NullTX.
Powered by WPeMatico
The cryptocurrency industry is under threat from a lot of different angles. One of the biggest potential problems is to so-called 51% attack, which can disrupt networks in very quick succession. The year 2018 has been quite successful in this regard, as no less than seven 51% attacks have been performed successfully. The following incidents […]
The post Top 6 51% Attacks Affecting Cryptocurrencies in 2018 appeared first on NullTX.
Powered by WPeMatico
Over the last nine months, news.Bitcoin.com has reported on the many misfortunes the project Bitcoin Gold (BTG) has experienced. The forked protocol has been mired with issues and controversy since the day the project was announced will be delisted from the exchange Bittrex. The Seattle-based trading platform says they lost over 12,000 BTG during the […]
The post Bittrex to Delist Bitcoin Gold Over 51% Attack appeared first on Bitcoin News.
Powered 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
This week we reported about a suggested solution to 51% attacks, a hacked exchange that was blamed for tanking the market and a cannabis-themed cryptocurrency bringing peace to the world. We also learned, in this week’s most commented-on article, who really controls Bitcoin and why it won’t become a global currency, according to the CEO of Ripple. […]
The post This Week in Bitcoin: An End to 51% Attacks and Who Controls Bitcoin? appeared first on Bitcoin News.
Powered by WPeMatico
The last 24 hours have been action-packed for the cryptocurrency markets, with digital assets rising off the SEC’s pronouncement that ethereum is not a security. But while most hodlers were toasting the agency’s announcement, one top five coin that failed to respond favorably was ripple. In today’s Bitcoin in Brief we consider where the SEC’s […]
The post Bitcoin in Brief: Halting 51% Attacks and Where Now for Ripple? appeared first on Bitcoin News.
Powered by WPeMatico
Obelisk, a new ASIC manufacturer led by Siacoin developer David Vorick, has released plans for an ASIC launchpad for Proof of Work coins. Its aim is to provide new and existing cryptocurrencies with an ASIC-friendly algorithm that will mitigate the rising threat of 51% attacks. Although initially devised with the company’s own ASIC miner in […]
The post Mining Manufacturer Obelisk Announces ASIC-Friendly Launchpad appeared first on Bitcoin News.
Powered by WPeMatico
In today’s Bitcoin in Brief – Zencash has lost $550,000 in two double-spend transactions following a 51% attack on the network. Developers have taken measures to increase the difficulty of future attacks. The event-ticketing platform Ticketfly is also trying to recover from a hijack. 26 million accounts have been reportedly compromised by a hacker who […]
The post Bitcoin in Brief Monday: Zencash Targeted in 51% Attack, Ticketfly Hijacked for Ransom appeared first on Bitcoin News.
Powered by WPeMatico
Even though a lot of people are still shocked that Pornhub actually took the plunge on Verge, it seems that decision may come back to bite the company. Due to the ongoing attacks against the Verge network, Pornhub and its cohorts are at risk of seeing transactions reversed or spoofed. It is a very big problem and an example of why solid technology should always be the foundation of any payment method. Pornhub and Verge Have Issues While one has to commend an entity such as Pornhub for accepting cryptocurrency payments, the decision to go with Verge still raises a lotPowered by WPeMatico
First it happened to verge. $1.8m of cryptocurrency swiped in a matter of hours. Then to bitcoin gold, plundered in an $18m double spend attack. Then to verge again, this time to the tune of $1.7 million. Along the way, monacoin is also believed to have been hit. Someone is methodically working their way through […]
The post Proof of Work Coins on High Alert Following Spate of 51% Attacks appeared first on Bitcoin News.
Powered by WPeMatico