Category: Hard Fork

Bitcoin Gold hit by 51% attacks, $72K in cryptocurrency double-spent


Malicious cryptocurrency miners took control of Bitcoin Gold‘s blockchain recently to double-spend $72,000 worth of BTG. Bad actors assumed a majority of the network‘s processing power (hash rate) to re-organize the blockchain twice between Thursday and Friday last week: the first netted attackers 1,900 BTG ($19,000), and the second roughly 5,267 BTG ($53,000). Cryptocurrency developer James Lovejoy estimates the miners spent just $1,200 to perform each of the attacks, based on prices from hash rate marketplace NiceHash. This marks the second and third times Bitcoin Gold has suffered such incidents in two years. Double-spenders like to target cryptocurrency exchanges Any entity…

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Satoshi Nakaboto: ‘Bitcoin is now worth as much as Nike’


Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Isaac Newton used to say: Let’s get it! Bitcoin price We closed the day, January 26 2020, at a price of $8,596. That’s a respectable 2.77 percent increase in 24 hours, or $232. It was the highest closing price in three days. We’re still 57 percent below Bitcoin’s all-time high of $20,089 (December 17 2017). Bitcoin market cap Bitcoin’s market cap ended the day…

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Moonday Mornings: Ex-employee steals $715K in Bitcoin from cryptocurrency fund


Welcome to Moonday Mornings, Hard Fork’s wrap-up of the weekend’s top cryptocurrency and blockchain headlines. Let’s make haste and waste no time. Check it out. 1. Iran issues more than 1,000 cryptocurrency mining licenses According to a report from news.bitcoin.com, the Iranian government has reportedly issued more than 1,000 cryptocurrency mining licenses to businesses in the country since it began regulating the industry, news.bitcoin.com writes. [Read: Iranian gov reportedly offering bounties to those who rat out illegal Bitcoin mines] Cryptocurrency mining in Iran is somewhat of a gray area. It’s technically illegal, but only if you’re unlicensed. It looked a…

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Report: Japan is working on its own digital currency in retaliation to China’s


A group of lawmakers in Japan are reportedly working to create a state-issued digital currency. According to Reuters, one of the lawmakers said its creation was a direct response to Facebook‘s Libra and China’s digital yuan. [Read: Japan doesn’t want to fight Facebook’s ‘cryptocurrency’ Libra on its own] “China is moving toward issuing digital yuan, so we’d like to propose measures to counter such attempts,” Norihio Nakayama, parliamentary vice minister for foreign affairs, told Reuters. Indeed, Japanese lawmakers have spoken out against the digital yuan, saying that it would be a “very serious problem” if it becomes well-used for international…

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Satoshi Nakaboto: ‘Elon Musk says Bitcoin is good for illegal payments — and that’s about it’


Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Schopenhauer used to say: Prepare to open the imaginary money chest… Bitcoin price We closed the day, January 23 2020, at a price of $8,406. That’s a notable 3.15 percent decline in 24 hours, or -$274.12. It was the lowest closing price in nine days. We’re still 58 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017). Bitcoin market cap Bitcoin’s market cap…

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Alleged BTC-e boss will be extradited to France over cryptocurrency fraud


The man thought to be behind notorious cryptocurrency exchange BTC-e, which is involved in a multi-billion Bitcoin fraud case, will be extradited to France. According to a Greek news report, Alexander Vinnik is facing allegations of laundering at least $4 billion through the cryptocurrency exchange. The extradition comes after a Greek court reportedly gave the go-ahead. Vinnik’s lawyer Zoi Konstandopoulou said he had been flown to France just hours the court ruling. The lawyer said he had been taken to hospital as he was on the 35th day of a hunger strike in protest of his prospective extradition to the…

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PornHub content creators can now cash out in Tether


PornHub‘s content creators can now cash out their earnings in Tether cryptocurrency, two months after PayPal dropped support for the adult entertainment giant. According to PornHub‘s blog, models can now use cryptocurrency wallet TRONlink to withdraw money in Tether, a stablecoin pegged one-to-one with the US dollar. [Read: Pornhub says less than 1% of users buy subscriptions with cryptocurrency] “USDT transactions can be done globally within a few seconds and there are no fees,” said PornHub. This marks the second cryptocurrency adopted by the site, which began supporting payments in niche cryptocurrency Verge in 2018. Tether an extra hoop for PornHub’s content creators…

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US to inject $300M into research for cleaner transport tech


The electric vehicle market looks like it’s going to get a boost in the United States. The Trump administration has just announced that it’s set up a $300 million grant to research clean vehicle technologies. Mark Menezes, an official from the US Department of Energy announced the grant earlier today at the Washington Auto Show, Washington Examiner reports. The DoE is also partnering with an energy utility research group. [Read: Tesla Model 3 drives surge in UK’s battery-powered vehicle registrations] Most of the money, $133 million, will go toward research of electric and battery technologies. Whilst another $100 million will…

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Satoshi Nakaboto: ‘Bitcoin markets cool amid coronavirus uncertainty’


Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Nikola Tesla used to say: If you love yourself, you won’t do drugs! Bitcoin price We closed the day, January 22 2020, at a price of $8,680. That’s a minor 0.72 percent decline in 24 hours, or -$63.32. It was the lowest closing price in one day. We’re still 56 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017). Bitcoin market cap Bitcoin’s…

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Cardano’s Q4 price performance leaves a lot to be desired, 2020 must be better


There’s more to cryptocurrency and blockchain than Bitcoin and Ethereum. There are many other competing coins and blockchain platforms, one of which is Cardano. Cardano is an open-source blockchain and smart contracts platform, which is fueled by its namesake cryptocurrency, Cardano also abbreviated to (ADA). [Read: Shorting Ethereum before Q4 2019 would’ve been a good idea — here’s why] Unlike Bitcoin‘s blockchain, Cardano uses a proof-of-stake algorithm to approve transactions and processes on its blockchain. Cardano was set up by one of Ethereum‘s co-founders Charles Hoskinson. Cardano is unique in the blockchain community, in that it has some credentials in…

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