Verge Struck by Second PoW Attack in as Many Months

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 … Read more

Cryptocurrency Projects Aiming to be ‘ASIC Resistant’ Have Little Success

Just recently the Bitcoin Gold (BTG) developers announced the project’s consensus algorithm Equihash was “threatened” in a blog post called “A Response to the ASIC Threat.” In the post, the BTG project’s team members explain that they might change the cryptocurrency’s current Equihash algorithm due to the recent launch of the Antminer Z9 mining rig. … Read more

Bitmex Research: We Doubt Ethereum’s Ability to Reduce Reliance on PoW

The proposed and upcoming changes to the operation of the ethereum cryptocurrency have been a matter of debate recently, with questions like employing ASIC resistance mining, capping and others splitting the community. Now an outside party is also taking issue with the concept of ethereum shifting away from PoW. Also Read: Australia’s Digitalx Launches Cryptocurrency … Read more

Mini-POS Launches Zero Confirmation Bitcoin Cash Point-of-Sale Terminal

Just recently a development team from the UK has created a bitcoin cash (BCH) point-of-sale server which allows brick and mortar merchants to accept BCH as a form of payment in-store. The startup has started an initial pre-sale, and BCH Mini-POS devices will begin shipping this summer. Also read: Québec Premier: We’re Not Really Interested in … Read more

PR: CanonChain – A Universal Decentralized Community Empowering Users

“The current crypto community is somehow unfair to simple users,” said CanonChain initiator Jin Hailong. “The industry is dominated by big miners and developers. Simple users don’t have any say to propose a change.” The post PR: CanonChain – A Universal Decentralized Community Empowering Users appeared first on Bitcoin News. Go to Source Powered by … Read more

Cut Off? Here Are 7 Different Bitcoin Debit Card Services and Fees

Just recently we reported on European bitcoin users having issues with their loadable bitcoin debit cards. Even though some of these businesses are having a few issues, there are many cryptocurrency debit cards available all around the world. Also read: Visa Veto Leaves Several European Cryptocurrency Cards Locked Out Since 2015 Bitcoin-Based Debit Cards Have Grown … Read more