Day: May 25, 2018

Bitcoin Price Watch | BTC/USD Declines Past $7,500, Holds New Support

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On Friday morning, Bitcoin continued its decline from earlier this week, now below the critical $7,500 level. Its price has now gone down by over 10% over the past seven days. Further to this week’s cryptocurrency selloff, another factor that might have contributed to Bitcoin’s decline is the Justice Department’s decision to open a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies. This has added fuel to fire to what is already a crumbling market on the surface. BTC/USD Holds New Support Following…

Bitcoin Gold Responds to Recent Double Spend Attack

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The development team behind Bitcoin Gold has released an update on last week’s 51 percent attack, which the attacker weaponized through a double spend attack to steal funds from cryptocurrency exchanges. Published on Thursday, the update confirmed that the attacker had gained majority control of the network’s hashrate and used that control to reorganize the blockchain and reverse transactions. In this case, the attacker made deposits at cryptocurrency exchanges, traded the coins for BTC or another coin, and then withdrew the funds. Next, the attacker used their dominant computing power…