Bitcoin Gold Blockchain Hit by 51% Attack Leading to $70K Double Spend
A 51% attack on the Bitcoin Gold blockchain lead to double spend of $70,000 worth of the cryptocurrency Go to Source Powered by WPeMatico
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Bitcoin Gold 51% Attacked – Network Loses $70,000 in Double Spends
The Bitcoin Gold (BTG) network suffered another set of 51% attacks on January 23-24, as roughly 29 blocks were removed in two deep blockchain reorganizations (reorgs). Reports indicate that more than 7,000 BTG was double spent as the chain suffered a loss of $70,000 in two days. Also read: Bitcoin Gold Hacked for $18 Million … Read more
Reddit User Seeks Mining Farm to 51% Attack Bitcoin SV
In general, the cryptocurrency community is a helpful and adult bunch. While some discussions are less than mature, those often get buried on social media when people stop feeding the trolls. One such post, however, is rather disconcerting. A Reddit user is actively looking for a mining farm to successfully 51% attack the Bitcoin SV … Read more
Honest Nodes Spoiling a Theft Attempt Is Not a 51% Attack, BCH Devs Detail
A number of Bitcoin Cash detractors and media publications have recently been spreading a false narrative that the BCH network was ‘51% attacked.’ In reality, however, honest nodes used their hashrate to stave off attacker nodes that were attempting to steal funds on the network. Also Read: Massive Growth by P2P Exchange and AT&T Accepting … Read more
The Daily: Twitch Gamer Tipped $70K in Crypto, Hacker Returns $100K of ETC
In this edition of The Daily, a video gamer streaming on Twitch has received crypto donations totaling over $70,000 and a hacker believed to be behind the 51 percent attack on the Ethereum Classic blockchain has reportedly returned $100,000 in ETC coins. Also, Electrum developers have issued another series of warnings about phishing attempts using … Read more
Major Mining Pools Have a ‘High Die-Off Rate’ Study Reveals
On Monday, Coinmetrics.io published a study looking at hashrate history of the most competitive BTC mining pools. The research from the open source cryptocurrency analytics site reveals interesting insights into how the mining ecosystem has evolved over time. Also read: Connecticut Software Engineering School Receives $10,000 BTC Donation ‘Major Mining Pools Are Fallible’ Cryptocurrency mining is a … Read more
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. This forced service … Read more
Pump and Dumps Are the Final Indignity for Dying Coins
You can tell an altcoin is close to death when its price soars. That may sound like a contradiction in terms, but that’s what can happen to crypto assets when they’re in the throes of death. With low liquidity and thin volume, exchange-listed altcoins are prey to manipulators who will send them skyward one final … Read more
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. The AurumCoin team claims the Cryptopia exchange will not confirm a 51% attack against the network caused nearly 16,000 AU … Read more
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. The EMC2 Crisis has Been Averted It … Read more
