The health of a democratic nation’s currency is shaped by two forces: monetary policy, set by its Central Bank; and fiscal policy, set by the state’s ruling government. The thrust of it is that currency and politics are bound together, whether we like it or not. But that’s old news. Citizens of the cryptosphere are already aware of this, as many members of the community will have been drawn to crypto through dissatisfaction with the governance of modern currencies and the sway that politics has over it. At the very…
Day: January 26, 2020
Digital Courts Trial Decentralized Justice, Real World Weighs Verdict
Imagine a future where conflicts and legal disputes are no longer settled between the four walls of a courtroom but by anonymous jurors of a blockchain network. The concept seems far-fetched, but it is already a reality as a result of some forward-thinking projects that are using the power of decentralized smart contracts and participants that are incentivized to make rulings as jurors. Kleros, a blockchain dispute resolution system, is already operational, and it has sparked heavy debate around blockchain technology and its application in the legal space. In February,…
When Will Nasdaq Roll Out Its Mysterious Bitcoin Futures?
During the interview given to Erik Schatzker on the World Economic Forum in Davos, Nasdaq CEO Adena Friedman was discussing her LinkedIn post concerning ”market economy”. She was also touching the cryptocurrency sphere, saying that Bitcoin futures are a viable option and that they have an unnamed partner helping to set everything up. Two Main Reasons Nasdaq Will Consider Regarding Bitcoin Futures After observing the market conditions, Nasdaq wants to bring up a viable solution that will be different from the competitors. This is a wise move, which is what…
Telegram Attacks Apple, Musk on Crypto, WEF Debrief: Hodler’s Digest, Jan 20–26
Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week World Economic Forum debuts framework for central bank digital currency It was a c-c-c-cold week in Davos, but Cointelegraph’s reporters wrapped up warm to bring you all the news from the World Economic Forum. One particularly big announcement saw the WEF unveil a central bank…
Bitcoin Gold 51% Attacked – Network Loses $70,000 in Double Spends
The Bitcoin Gold (BTG) network suffered another set of 51% attacks on January 23-24, as roughly 29 blocks were removed in two deep blockchain reorganizations (reorgs). Reports indicate that more than 7,000 BTG was double spent as the chain suffered a loss of $70,000 in two days. Also read: Bitcoin Gold Hacked for $18 Million Bitcoin Gold Sees Two Deep Blockchain Reorgs With 29 Blocks Replaced In May 2018, the Bitcoin Gold (BTG) blockchain was 51% attacked for the first time suffering a loss of more than $18 million. BTG…
Bitcoin Gold 51% Attacked – Network Loses $70,000 in Double Spends
The Bitcoin Gold (BTG) network suffered another set of 51% attacks on January 23-24, as roughly 29 blocks were removed in two deep blockchain reorganizations (reorgs). Reports indicate that more than 7,000 BTG was double spent as the chain suffered a loss of $70,000 in two days. Also read: Bitcoin Gold Hacked for $18 Million Bitcoin Gold Sees Two Deep Blockchain Reorgs With 29 Blocks Replaced In May 2018, the Bitcoin Gold (BTG) blockchain was 51% attacked for the first time suffering a loss of more than $18 million. BTG…
Bitcoin Gold Is Under 51% Dangerous Attack, Miners Double-Spend $72K
The attack on Bitcoin Gold was first spotted by James Lovejoy, a researcher from MIT Bitcoin Club. Bitcoin Gold ($BTG) was 51% attackedhttps://t.co/KxFvrsOhuO — James Lovejoy (@metalicjames) January 24, 2020 The short review of the attack is already on GitHub. The review says that on January 23, and 24, the attackers have removed blocks from the BTG network. Then, they re-added them and added new transactions instead of their old ones. Why did they do that? Because such thing as pulling the blocks out of the blockchain allows rewriting of…
Indian PM Awards Crypto App Creator as Supreme Court Deliberates on Ban
India’s Prime Minister Narendra Modi awarded young entrepreneur Harshita Arora, the developer of a cryptocurrency price tracking application, amid an ongoing battle in her home country over the status of cryptocurrency. In a tweet on Jan. 24, Modi said that Arora’s “passion towards science, technology and human welfare are clearly visible.” She received the Bal Shakti Puraskar 2020: an award recognizing youth’s contributions in the fields of social service, innovation, bravery, sports, art and culture and scholastics. Arora was born on Oct. 2, 2001, and “created an app to safeguard…
Why Security Token Offerings can be the ideal strategy to upscale your business?
Gone are the days when entrepreneurs were reaching out to banks and other sources to raise their funds. In specific, when it comes to blockchain projects, IPO and ICO were a couple of strategies that were dominating. But recently, Security Token Offering has emerged in the line. WHAT ARE SECURITY TOKEN OFFERINGS (STOS)? Security Token Offerings are the fundraising strategies similar to Initial Coin Offerings. Investors are issued with security tokens instead of utility tokens. Security Tokens are tradable real assets that hold real value. In the past two years,…
Top 5 Cryptos This Week (Jan 26): HEDG, DASH, BSV, ETC, XTZ
The next few days will decide whether cryptocurrencies will fall in tandem with equity and crude oil due to coronavirus or will they buck the trend. The coronavirus outbreak that started in China has gradually spread to a number of countries across the world. This is creating panic among investors as the death toll continues to rise. As a result, global equity markets and crude tumbled last week. Though cryptocurrencies also gave up some ground, they are currently attempting a relief rally and most major cryptocurrencies are trading in the…