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It appears Bitcoin Gold (BTG) has been double spend attacked over and over again, totalling something in the neighborhood of $18 million at current prices. BTG forums seem to have been tracking the hack, going as far back as last week, monitoring the controversial coin’s hashrate, ultimately determining a 51% attack was under way. Also […]
The post Bitcoin Gold Hacked for $18 Million appeared first on Bitcoin News.
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Accident-prone altcoin verge has been crippled by yet another mining attack. A little over a month after being subjected to a 51% attack, the network is once again at the mercy of a malevolent attacker who is rejecting blocks and profiting handsomely off the carnage caused. The repeat attack illustrates the risks faced by low […]
The post Verge Struck by Second PoW Attack in as Many Months appeared first on Bitcoin News.
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A lot of interesting things are happening in the world of cryptocurrency, but some trends are less than positive. The Vertcoin mining situation, for example, doesn’t look all that promising as of right now. With one pool controlling a large amount of the network’s hashrate, there is genuine reason for concern. Vertcoin Faces a Potential 51% Attack It is never good to see any cryptocurrency be susceptible to a possible 51% attack against the network. For those unaware, a 51% attack can effectively cripple a cryptocurrency’s network pretty quickly. Although such attacks are very rare, there are some concerns as far asPowered by WPeMatico
What would happen if bitcoin were to suffer a 51% attack? It’s a hypothetical question, but one that has troubled some of the community’s brightest minds. Just as army generals play out countless war games, enacting doomsday scenarios, bitcoin defenders like to ponder ways in which the decentralized cryptocurrency could be attacked and brought to […]
The post A 51% Attack on Bitcoin Means Mutually Assured Destruction appeared first on Bitcoin News.
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There are a lot of conflicting opinions on the Verge cryptocurrency as of right now. This is not a big surprise, as the project has always been considered to be rather controversial. The network’s most recent “accidental fork” goes to show there is still a lot of work to be done before this project can be taken seriously. Verge Just Keeps Getting Better (Or Worse) For those who are unaware, the privacy-oriented Verge cryptocurrency either suffered a hack or an accidental fork earlier this week. It is believed that close to 250,000 XVG has been “misplaced”. Assuming this was a hack, close toPowered by WPeMatico
Bring up the topic of blockchains and it won’t be long before the word “immutable” is dropped into the conversation. After all, a blockchain’s inability to be tampered with or modified is one of its biggest selling points. But, is it actually as immutable as they say it is? Once a transaction is recorded on a blockchain, does that mean it’s carved in stone? “Yes”, “no”, and “sort of” seem to be the resounding responses. So why can’t people agree on blockchain technology’s most marketed feature? “Firstly,” says TEDx speaker and founder of Mycryptopedia Bisade Asolo, “it would be useful if wePowered by WPeMatico
Verge, a ”privacy coin” famed for the zealotry of its community, has fallen prey to a 51% attack. A malevolent miner gained majority control of the network hashrate, a feat that makes it possible for the controlling entity to modify transactions, calling the integrity of the entire blockchain into question. Around 250,000 verge were stolen […]
The post Verge Is Forced to Fork After Suffering a 51% Attack appeared first on Bitcoin News.
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The latest story (again) on mainstream media meant to scare away uninformed people from using bitcoin is about the possibility of China taking over the cryptocurrency. This particular FUD (fear, uncertainty and doubt) meme was also publicized widely in 2015 and 2016. Also Read: The Psychology of the Cryptocurrency FOMO-FUD Cycle Has Been Weaponized Scare […]
The post Classic Mainstream Media Clickbait Scare Resurfaces: ”Chinese Government Can Take Over Bitcoin” appeared first on Bitcoin News.
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