Proof of Work Coins on High Alert Following Spate of 51% Attacks

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 … Read more

Bitcoin’s Price Will Probably Go to Zero, Major Investment Firm Head Says

There exists a decent probability that the price of Bitcoin will eventually go to zero, according to Joe Davis, the head of Vanguard Investment Strategy Group, a division of the global giant Vanguard Group. In a blog post published on Tuesday, May 21, Davis broke down his argument that cryptos don’t qualify as currencies and may soon be … Read more

Singapore Warns Eight Unauthorized Token Exchanges

The Monetary Authority of Singapore has warned eight digital token exchanges operating in the country over unauthorized securities trading. The regulator also stopped an initial coin offering, prompting its issuer to return all funds received from Singapore-based investors. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Eight Token Exchanges Warned Singapore’s central bank and financial … Read more

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