Miners

What are the chances of these entities attacking the Bitcoin network

Source Node: https://ambcrypto.com/what-are-the-chances-of-these-entities-attacking-the-bitcoin-network/
Time Stamp: September 15, 2021 8:30 PM - Modified On: September 15, 2021 - Published By:
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Republished By Plato

A question that lingers in the minds of most traders is, what would happen if Bitcoin were hacked? During an episode of the Unchained podcast, host Laura Shin brought together Ethereum Foundation researcher Justin Drake and author Vijay Boyapati to debate whether a 51% attack on Bitcoin would be possible – and who could do it. A 51% attack. . .in dollars Boyapati began by proposing the idea that security was a spectrum and not a binary. For example, users and even networks might require a different number of transaction

China: Is the PBoC’s new ‘reminder’ on Bitcoin’s status really new

Source Node: https://ambcrypto.com/china-is-the-pbocs-new-reminder-on-bitcoins-status-really-new/
Time Stamp: August 27, 2021 9:30 PM - Modified On: August 27, 2021 - Published By:
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Republished By Plato

“We remind the people once again that virtual currencies such as Bitcoin are not legal tenders and have no actual value support.” The People’s Bank of China [PBoC] has once again raised an alarm about the use of cryptocurrencies in light of its recent crackdown. According to local reports, the central bank took a shot at Bitcoin, commenting that such virtual currencies cannot compete with existing legal tender. Yin Youping, Deputy Director of the Financial Consumer Rights Protection Bureau of the PBoC, argued that cryptos are not backed by any

What is Star Atlas? (POLIS & ATLAS)

Source Node: https://www.asiacryptotoday.com/star-atlas/
Time Stamp: August 27, 2021 2:14 PM - Modified On: August 27, 2021 - Published By:
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Republished By Plato

Star Atlas held its IEO in FTX last January 26. This full guide talks about the inner workings of the Star Atlas platform. In the past year alone, we have witnessed an immense rise in blockchain-based gaming projects. The unique combination of gaming and traditional financing has become quite appealing to a community of blockchain enthusiasts. The introduction of titles like Yield Guild Games and Binamon has truly legitimized the decentralized gaming sector. Star Atlas and other gaming projects alike have shown the importance of non-fungible tokens (NFTs) for a

Bug in Leading Ethereum Node Software Has Caused the Chain to Fork

Source Node: https://thedefiant.io/geth-bug/?utm_source=rss&utm_medium=rss&utm_campaign=geth-bug
Time Stamp: August 27, 2021 11:32 AM - Modified On: August 27, 2021 - Published By:
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Republished By Plato

A bug in outdated versions of the leading Ethereum client for node operators, Geth, is causing forks on the chain, according to research by the Block.According to The Block, this could enable double spends on the world’s second-largest blockchain by market capitalization. Ethereum security lead Martin Holst Swende tweeted, “Fortunately, most miners were already updated, and the correct chain is also the longest (canon).”Ethereum developer who works on the Geth client, Marius Van Der Wijden, said that most retail users should be okay, particularly if they are using the most

Chinese province to cut off Bitcoin miners from hydropower stations

Source Node: https://cointelegraph.com/news/chinese-province-to-cut-off-bitcoin-miners-from-hydropower-stations
Time Stamp: August 23, 2021 7:44 AM - Modified On: August 23, 2021 - Published By:
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Republished By Plato

Regulators from Yingjiang County in Yunnan, China have issued strict warnings to hydroelectric plants against supplying power to enterprises involved in Bitcoin (BTC) mining. A recent report claimed that the Office of the People’s Government of Yingjiang County issued notice to hydropower plants to strengthen oversight on Bitcoin mining operations. According to the announcement, the power plants have been given until Tuesday, Aug. 24, to delist mining companies from their grid’s “illegal” supply. After the given deadline, the county reportedly plans to “forcibly dismantle” the power supply to Bitcoin mining establishments

Individual Investors Responsible for Crypto Resurgence, Says Analyst

Source Node: https://beincrypto.com/individual-investors-responsible-for-crypto-resurgence-says-analyst/
Time Stamp: August 16, 2021 12:05 PM - Modified On: August 16, 2021 - Published By:
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Republished By Plato

The resurgence of cryptocurrencies like Bitcoin, Ether and Dogecoin in the past few weeks is largely due to renewed interest from individual retail investors.Sponsored Sponsored Bitcoin reached above $48,500 on August 14, the highest it has been since May 16. This price point means a gain of 290% year-on-year, which came to 644% for Ether and 1,431% for newly minted third place Cardano. Meanwhile, meme-crypto Dogecoin is up 9,157 year-on-year, according to CoinGecko data. However, behind the recent moves is a resurgence in interest from individual retail investors. According to

Mark Cuban Gives Crypto-Friendly Warning as Bitcoin Climbs

Source Node: https://beincrypto.com/mark-cuban-gives-crypto-friendly-warning-as-bitcoin-climbs/
Time Stamp: August 11, 2021 12:23 PM - Modified On: August 11, 2021 - Published By:
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Republished By Plato

Billionaire investor Mark Cuban issued a warning to crypto investors, as bitcoin prices continue a steady climb. Sponsored Sponsored The crypto space is heated. Investors are on edge as Bitcoin continues to steadily climb towards $50,000. However, the price incline comes at a time when the entire crypto industry could be facing a new reality with the new bill from the Senate.  The original syntax of the bill grouped virtually all participants in the space into the same tax and reporting bracket. If the wording remained as it originally appeared, even

Here’s everything you need to know about Bitcoin’s ‘biggest’ buy signal

Source Node: https://ambcrypto.com/heres-everything-you-need-to-know-about-bitcoins-biggest-buy-signal/
Time Stamp: August 8, 2021 11:00 AM - Modified On: August 8, 2021 - Published By:
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Republished By Plato

To a fair extent, Bitcoin’s price managed to take people from the crypto community by surprise. The market’s largest coin was trading at $43.3k at press time. Before analyzing whether or not Bitcoin would be able to continue its uptrend, let’s deep-dive and decipher the signals exhibited by key indicators. Hash rate trend Until recently, Bitcoin’s hash rate was hovering around its November 2019 lows (86.2 million TH/s). However, this started improving since July. Interestingly, over the past ten days, this metric’s reading has risen from 98 million TH/s to

The Effect of Coronavirus on the Cryptocurrency Market

Source Node: https://coinrabbit.io/blog/the-effect-of-coronavirus-on-the-cryptocurrency-market/
Time Stamp: December 30, 2020 5:58 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The year 2020, has been greatly eventful. From threats of a world war, to increased terrorist attacks. A biography on the life of the year 2020, would not only be a bestseller but also an excellent read. However the most significant single event of this year is and has been the coronavirus (COVID-19) pandemic, at its global takeover. From a regular virus, one that was once considered to be not worse than a cold flu, to transition into a global pandemic outbreak. The COVID-19 pandemic has affected every aspect of