A successful 51 percent attack on the Ethereum Classic blockchain has raised some big questions around smaller cryptocurrencies using proof-of-work algorithms. Just two weeks into the new year and the cryptocurrency community is grappling with the reality of an alleged “51 percent attack” on the Ethereum Classic (ETC) blockchain. While there is still no clear […]
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European Central Bank policy maker Ardo Hansson states that cryptocurrencies will end up a “complete load of nonsense.” A member of the Governing Council of the European Central Bank (ECB) has warned that “the [cryptocurrency] bubble has already started to collapse,” Bloomberg reported Jan. 7. Speaking at a conference in Riga, Latvia, Ardo Hansson — […]
Continue ReadingA Georgian state senator reports to jail over alleged crypto mining equipment theft, and Bakkt closes a $182.5 million funding round. Top Stories This Week Georgia State Senator Reports to Jail Over Alleged Theft of Crypto Mining Equipment Republican state senator of Georgia has reported to jail in the United States for allegedly lying about […]
Continue ReadingThe Coinbase merchant account of social media platform Gab’s founder Andrew Torba has been reportedly closed. The personal Coinbase merchant account of Andrew Torba, social media platform Gab’s founder, has been terminated, the official Gab.com account tweeted on Jan. 4. As blockchain blog Breaker reported earlier, Gab’s business account on Coinbase was allegedly closed in […]
Continue ReadingThe Proof of Keys event raises questions over HitBTC, but questions also surrounds the event itself. Bitcoin celebrated its 10th birthday on Jan. 3, and in commemoration of this milestone, the very first Proof of Keys event was held. Organized by crypto investor and podcast host Trace Mayer, it urged cryptocurrency traders to withdraw their […]
Continue ReadingThere is little evidence of practical scalable use for blockchain technology, according to a post published by consulting firm McKinsey. Major financial consulting company McKinsey & Company believes that there is little evidence of practical use for blockchain, according to an official post published on Jan. 4. McKinsey was founded in 1926 and has a […]
Continue ReadingCo-founder of U.S. crypto exchange Coinbase Brian Armstrong confesses that Bitcoin is his first love and that the “full promise of Bitcoin is still yet to be realized.” Brian Armstrong, founder and CEO of United States cryptocurrency exchange Coinbase, has confessed that “Bitcoin is my first love” in a series of tweets commemorating the coin’s […]
Continue ReadingToday marks ten years since the creation of the very first block on the Bitcoin blockchain. Today, Jan. 3, marks ten years since the creation of the very first block on the Bitcoin (BTC) blockchain. Known in more technical parlance as a “genesis block,” the first block on a blockchain is unique in that it […]
Continue ReadingFrom a Japanese mathematician to Elon Musk, here are the people who have been linked to Satoshi Nakamoto. Ten years ago, on Jan. 3, 2009, the Bitcoin (BTC) network was created as Satoshi Nakamoto mined the genesis block, also known as block number zero. However, the identity behind the Bitcoin creator has remained one of […]
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Mainstream newspaper Time published an article illustrating the liberating potential of Bitcoin, especially in countries with oppressive governments. Bitcoin (BTC) has a substantial liberating potential, American mainstream newspaper Time reports on Dec. 28. The aforementioned article claims that “speculation, fraud, and greed in the cryptocurrency and blockchain industry have overshadowed the real, liberating potential of […]
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