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Here’s Why 51% Attacks Don’t Affect Price
51% attacks are catastrophic in the cryptocurrency world–or are they? 51% attacks may be a little bit scary but here’s why they don’t affect price. The Ethereum Classic 51% Attack Ethereum Classic, one of the most popular altcoins by market cap, just succumbed to a 51% attack. дальше »
2019-1-11 04:00 | |
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Ethereum Classic Network Loses More than $1 Million In 51% Attack
Ethereum Classic, a fork of Ethereum, was hacked using a 51 percent attack on the coin’s blockchain, with more than $1 million worth of ETH stolen so far. Ethereum Classic Remains Under Siege A less popular offshoot of the world’s second largest cryptocurrency is currently in its third day of the siege, as it was hacked […] The post Ethereum Classic Network Loses More than $1 Million In 51% Attack appeared first on CryptoSlate. дальше »
2019-1-10 03:33 | |
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Bitstamp Shows How Much Money A Bitcoin Blockchain Attacker Would Need To Perform A 51% Attack
Bitstamp Shows How Much Money An Attacker Would Need To Perform A 51% Attack On Bitcoin In a recent post on Twitter, the popular cryptocurrency exchange Bitstamp provided information about how much money an attacker would need a day to perform a 51% attack on Bitcoin’s network. The post mentions that hacking Bitcoin with a […] дальше »
2019-1-10 01:45 | |
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Summary of the Ethereum Classic (ETC) 51% attack
Several sources reported yesterday that the “original Ethereum”, more commonly known as Ethereum Classic, is being subjected to chain reorganization. This reorganization can be done by a malicious player who owns more than half of targeted network’s mining hash rate and is thus called a “51% attack”. дальше »
2019-1-9 03:06 | |
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Gate.io Exchange Claims it Lost $200,000 of Ethereum Classic (ETC) After 51% Attack
The cryptocurrency exchange Gate. io explained that it lost $200,000 in Ethereum Classic (ETC) coins after the 51% attack that the network is currently experiencing. It seems that the exchange lost 40,000 ETC since the network experienced double spend attacks. дальше »
2019-1-9 23:19 | |
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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. дальше »
2019-1-9 22:10 | |
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Coinbase Reports Ethereum Classic [ETC] 51% Attack, Wider Market Remains Unfazed
Coinbase, one of the largest cryptocurrency exchanges in the US, announced on Monday that it had paused all interactions with the Ethereum Classic blockchain after detecting double spends in the network. дальше »
2019-1-8 20:44 | |
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Ethereum Classic Reels From 51% Attack: Double-Spends Reported
Coinbase has frozen trading of Ethereum Classic (ETC) as developers continue to clarify reports that the coin’s network suffered a blockchain reorganization attack. Coinbase, China And ASICs Originally reported as rumors January 6, ETC has since succumbed to a mystery offensive which officials have yet to explain. дальше »
2019-1-8 18:00 | |
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Ethereum Classic Developers Attempt to Resolve Recent 51% Attack
Not a day goes by in the cryptocurrency world without a good amount of drama. At times, it feels as if this industry simply can’t catch a break to recoup losses sustained throughout 2018. The latest incident comes in the form of Ethereum Classic suffering from an alleged 51% attack on the network. дальше »
2019-1-8 16:08 | |
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Coinbase Halts Ethereum Classic Transactions After the Network Comes Under Attack
CoinSpeaker Coinbase Halts Ethereum Classic Transactions After the Network Comes Under Attack Coinbase took to its Twitter to reveal that its internal developers detected a “deep chain reorganization” of the Ethereum Classic (ETC) blockchain. дальше »
2019-1-8 15:32 | |
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Ethereum Classic [ETC] deep chain reorganization and double spend attack detected by Coinbase; ETC responds
Just recently, Coinbase, the largest cryptocurrency exchange on the planet in terms of users stated that on January 5, the exchange detected a deep chain reorganization of the Ethereum Classic [ETC] blockchain as well as a double spend on the network. дальше »
2019-4-3 12:00 | |
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Ethereum Classic Devs: Hashpower Consolidation on Network Is 'Not 51% Attack'
Ethereum Classic devs announce that a hashpower consolidation on the ETC network is “not [a] 51% attack”
дальше »2019-1-8 23:54 | |
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Wild speculation: Ethereum (ETH) camp behind the attack on Ethereum Classic (ETC) chain
As reported by TheBlock, Ethereum Classic, the smart contact platform, appears to be experiencing a block reorganization attack (reorg), according to according to blockchain explorer and mining pool, Etherchain. дальше »
2019-1-7 22:53 | |
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[UPDATED] Ethereum Classic Hit By 51 Percent Attack
The network has asked exchanges and mining pools to up confirmation times on transactions.
дальше »2019-1-8 21:09 | |
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51% Attack Might be Approaching Bitcoin Cash Network, and Here’s Why
CoinSpeaker 51% Attack Might be Approaching Bitcoin Cash Network, and Here’s Why It seems that a single mining pool was gaining more than half of the total mined blocks on the entire Bitcoin Cash's network today. дальше »
2019-1-3 13:09 | |
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Ten Years Later, a Reflection on Bitcoin’s Genesis and Satoshi’s Timing
October 31, 2008, and January 3, 2009. The two dates have cemented themselves with Promethean significance into Bitcoin’s lore. On the October 31, Satoshi Nakamoto published the Bitcoin white paper, a constitution of sorts for his revolutionary monetary system and its intrinsic currency. дальше »
2019-1-3 07:14 | |
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Crypto Tidbits: Bitcoin Stolen From Electrum Users, Litecoin Sponsors UFC
While the holiday spirit was in full swing over the past week, the crypto industry maintained its unrelenting drive for growth and adoption. The Litecoin Foundation divulged a sponsorship with the UFC, while Bitcoin’s Lightning Network continued to swell. дальше »
2018-12-29 17:00 | |
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Electrum hacker stole 245 BTC, Bitcoin Cash lags behind other cryptocurrencies while Cardano introduced another cool initiative
Electrum hacker stole 245 BTC Electrum wallet was yesterday compromised by a malicious phishing attack, which we wrote about yesterday. New details about this hack emerged today as the potential address of the hacker was revealed, alongside his potential loot. дальше »
2018-12-29 02:55 | |
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Starwood breach affecting 500M users reportedly part of a larger Chinese state-sponsored attack
Remember that massive breach of the Mariott-owned Starwood hotel chain from last month, which saw 500 million users’ data stolen? The New York Times reports that the intrusion was part of a larger state-sponsored intelligence-gathering effort spurred on by China‘s spy agency, the Ministry of State Security. дальше »
2018-12-12 09:46 | |
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Starwood breach affecting 500m users reportedly part of a larger Chinese state-sponsored attack
Remember that massive breach of the Mariott-owned Starwood hotel chain from last month, which saw 500 million users’ data stolen? The New York Times reports that the intrusion was part of a larger state-sponsored intelligence-gathering effort spurred on by China‘s spy agency, the Ministry of State Security. дальше »
2018-12-12 09:46 | |
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Vertcoin (VTC)’s 51% Mining Attack Matters Says MIT Digital Currency Initiative Advisor
A few days ago, the virtual currency Vertcoin (VTC) experienced a 51% attack in which a miner (or a group of miners) controlled more than half of the network hash power. This allowed attackers to conduct multiple attacks and double spend some funds. дальше »
2018-12-11 03:35 | |
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Is ASIC resistance really a good idea for PoW coins? Vertcoin suffered a 51% attack because of it
Vertcoin is under a 51% attack because of its wish for ASIC resistance A Medium post from Mark Nesbitt, security engineer at Coinbase, revealed that Vertcoin is being 51% attacked at the moment. He first describes the 51% attack as a situation in which a malicious node operator who controls over half of the network’s […] The post Is ASIC resistance really a good idea for PoW coins? Vertcoin suffered a 51% attack because of it appeared first on CaptainAltcoin. дальше »
2018-12-5 04:03 | |
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Vertcoin 51% Attack Could Have Caused $100K in Double Spending
Vertcoin has been experiencing ongoing 51% attacks, reportedly resulting in $100K of double spending on the network. Rough Couple of Months for Vertcoin In a detailed blog post, Coinbase security engineer Mark Nesbitt revealed that Vertcoin’s network went through repeated 51% attacks, with the largest reorganization having a length of 310 blocks and a depth of 307 blocks which, according to the specialist, may have caused double spends upwards of $100,000. дальше »
2018-12-4 13:00 | |
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ChainLocks: Dash Upgrade To Eliminate 51 Percent Attacks
Payments network Dash (DASH) may soon implement a new, unique network upgrade that will reportedly “eliminate” the threat of a 51% attack from the protocol, once fully implemented ChainLocks enables transactions to be confirmed and secured as soon as the block has been processed, rather than waiting for six other blocks to be signed first. дальше »
2018-12-3 00:06 | |
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Analysis: Bitcoin Costs $1.4 Billion to 51% Attack, Consumes as Much Electricity as Morocco
To successfully conduct a 51 percent attack on the Bitcoin network would cost an incredible $1. 4 billion. This massive network supports over 5 million specialized ASIC mining computers, consuming a total of 29 Terahashes of electricity—as much as the entire country of Morocco. дальше »
2018-11-29 14:00 | |
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Indian Institute of Tech (IIT) Professor: A 51% Blockchain Attack on Bitcoin Isn’t Advantageous or Profitable
It seems that it might be more difficult than expected to perform a 51% attack on Bitcoin’s network. According to Professor Saravanan Vijayakumaran, an Associate professor at the Indian Institute of Technology (IIT) Bombay, a 51% attack on Bitcoin’s network would require ‘significant expenditure’ and would provide ‘little financial returns.’ This information was released in […] дальше »
2018-11-28 00:16 | |
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Indian Institute of Technology (IIT) Bombay Professor Declares Bitcoin Safe From 51% Attack
Cryptocurrency service provider Zebpay and Professor Saravanan Vijayakumaran, an Associate professor at Indian Institute of Technology (IIT) Bombay, recently conducted a survey on Bitcoin’s security, concluding that the world’s premier cryptocurrency is safe from a 51% attack. дальше »
2018-11-26 19:59 | |
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A Bug Making Ethereum Transactions on Exchanges Vulnerable Has Been Fixed
A bug centering around a new Ethereum token, GasToken, which was enabling abuse on cryptocurrency exchanges, appears to have been resolved. The details are provided in a report originally published on November 13, 2018, that discussed how the bug was exploited by attackers, and what digital platforms could do if they wished to protect their hot wallet funds. дальше »
2018-11-22 00:34 | |
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One Day After the Bitcoin Cash Hard Fork: Takeaways and Latest Developments
Bitcoin Cash, the “big block” project that forked away from the Bitcoin blockchain in August 2017, “hard forked” (split) into two different coins: “Bitcoin Cash ABC” (BCH ABC) and “Bitcoin Cash SV” (BCH SV). дальше »
2018-11-17 02:13 | |
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Ethereum Price Analysis: ETH/USD Stable As Price Accumulates Inside a $30 Trade Range
Latest Ethereum News According to Vin Armani, the founder of CoinText, CoinGeek and Craig Wright have a sinister plan for Bitcoin Cash ABC and other proof of work public blockchains as Ethereum. He claims that Craig and Calvin plan to launch a 51 percent attack of the Bitcoin Cash ABC network. дальше »
2018-11-13 05:15 | |
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AurumCoin Claims Cryptopia Refutes a 51% Attack Resulting in Lost Funds
There are some serious allegations in the cryptocurrency world. Dirt slinging has, unfortunately become all too common. Even so, every single bit of potentially disastrous news needs to be taken into account at all times. дальше »
2018-11-11 05:46 | |
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Canadian University Shuts Down Entire Network After Mining Attack
Last week St. Francis Xavier University in Nova Scotia, Canada reportedly shut down its entire computer network for four days due to an attempted mining attack. St. Francis Xavier, a Canadian university, shuts down its IT network to deal with a cryptocurrency mining malware infectionhttps://t. дальше »
2018-11-9 00:00 | |
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Canadian University Shuts Down Network to Stop Bitcoin Cryptojacking Attack
Reports have surfaced that a Canadian University has shut down its entire network due to a mass cryptojacking attack. Malicious crypto mining software remains a growing threat, affecting personal computers and in some cases, entire businesses across the globe. дальше »
2018-11-8 03:11 | |
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University shuts down its entire network to stop Bitcoin crypto-jackers
A Canadian university had to shut down its entire campus network after it discovered hackers had hijacked its computing power to surreptitiously mine cryptocurrency – Bitcoin, to be exact. In a statement released earlier this week, Nova Scotia-based St. дальше »
2018-11-7 13:44 | |
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Potential Dusting Attack can Disrupt Bitcoin Users’ “Privacy”
The Bitcoin network appears to be under attack once again. No malicious miners are colluding to take over the network, albeit a new flood of transactions might cause some concerns. Samourai Wallet dubs this as a “dusting attack”, which can have troublesome consequences for those masking their tracks through extra privacy features and services. дальше »
2018-10-27 04:17 | |
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Is Delayed Proof of Work the Answer to 51% Attacks? [INTERVIEW]
Earlier in October, an ethical hacker who goes by the handle GeoCold on Twitter announced the live-streaming of a 51% attack on the alt coin Einsteinium. The plan was to gain control of the network and expose vulnerabilities that exist in conventional proof-of-work blockchains which allow for double-spending attacks. дальше »
2018-10-23 13:00 | |
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Hacking Bitcoin: Report Says China Can Attack the Bitcoin Mining Network
According to a recent research report compiled by researchers from the Florida International University and Princeton University, China has tremendous influence over the bitcoin network largely due to its monopolization… The post Hacking Bitcoin: Report Says China Can Attack the Bitcoin Mining Network appeared first on CoinCentral. дальше »
2018-10-17 22:58 | |
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Don’t Underestimate China’s Power In Bitcoin
There has been a wealth of news of late about China and the Chinese authorities new position on cryptocurrency. In the shortest possible terms, the government want to totally ban cryptocurrency trading and investment and wish to stamp out the Bitcoin culture that has slowly built up in China. дальше »
2018-10-15 23:00 | |
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Einsteinium Staves off Impending 51% Attack by Renting Extra Hashrate
It is always troublesome when cryptocurrencies deal with a looming network attack. Small-cap coins are often targeted in 51% attacks, and Einsteinium could have easily been next. After all, this attack was announced a few days ago, which seemingly gave the EMC2 team plenty of time to prepare. дальше »
2018-10-15 18:00 | |
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Report Links 74% of Bitcoin Mining to China, Sees Threat to Network
Bitcoin, the world’s most sought-after cryptocurrency, could be at the wish and whim of Asia’s economic giant. A recent study titled “The Looming Threat of China: An Analysis of Chinese Influence on Bitcoin,” jointly researched by Princeton University and Florida International University researchers, suggests China’s mining scene has an overwhelming influence over Bitcoin, something that could invite network manipulation. дальше »
2018-10-11 00:29 | |
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TRON Still Best Performer Against BTC, XRP & ETH
In recent months, TRON has seen some slight upward movement and currently sits at number eleven on the top 100 cryptocurrencies on CoinMarketCap. September is where TRON really found its legs as it was listed on the Crypto Exchange Platform. дальше »
2018-10-10 13:30 | |
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Research: China has the power to destroy Bitcoin
A damning new study has suggested China holds threatening influence over Bitcoin – and perhaps even the ability to attack and ultimately destroy the entire Bitcoin network. Academics from Princeton and Florida International Universities have explored how China “threatens the security, stability, and viability of Bitcoin” with its “political and economic control over domestic [cryptocurrency] activity […] [and] internet infrastructure. дальше »
2018-10-8 19:07 | |
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Hacker Gets Away With Proverbial Peanuts After Successfully Breaching the Pigeoncoin Network
After spending a whole day breaching and stealing from the Pigeoncoin network, a hacker managed to get away with tokens worth only $15,000. The attack reportedly took place on Sep 27, 2018, and was carried out by exploiting a bug in the Bitcoin code. дальше »
2018-10-6 17:00 | |
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What Bitcoin Did Gets Technical with Crypto-Educator Jimmy Song
<iframe style="border: none" src="//html5-player. libsyn. com/embed/episode/id/7132345/height/90/theme/custom/autoplay/no/autonext/no/thumbnail/yes/preload/no/no_addthis/no/direction/backward/render-playlist/no/custom-color/87A93A/" height="90" width="100%" scrolling="no" allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> On the latest episode of What Bitcoin Did, host Peter McCormack interviews Jimmy Song, a consultant in blockchain education, to take an in-depth look at a relatively recent incident in the world of cryptocurrency and use that as an example to segue into a deeper discussion on the possible trajectories of Bitcoin itself. дальше »
2018-10-6 00:05 | |
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Facebook reveals data breach affecting 50 million users
Facebook today announced a data breach occurred on September 25 affecting at least 50 million Facebook accounts. The social network disclosed the breach Friday morning, issuing a statement that said an “attack” on its system led to “the exposure of information” affecting the 50 million users, according to the New York Times. дальше »
2018-9-28 20:09 | |
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[Newsflash Update]: Bitcoin Network Bug Leaves BTC Blockchain Particularly Vulnerable Still
Last week, the Bitcoin Core team came out with a brand-new update to its client which was supposed to address a major vulnerability on the chain. The vulnerability made it easy for hackers to execute a “denial of service” attack on the network, which could be a potentially devastating security problem. But in many ways, […] дальше »
2018-9-28 08:58 | |
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