Bitcoin News in Review: HKCEx, Coinotron, Darkcoin, and More
It's Sunday again, which means it's time for another Bitcoin News in Review, where we look back at our biggest stories here on CCN. This week, (18 May - 25 May), was quite eventful, so we've got a lot to cover on this News in Review. We exposed HKCEx as a scam, helped prevent a 51% attack on Litecoin, saw Darkcoin's price skyrocket, and more. Check out our video and keep scrolling to read our articles on this Bitcoin News in Review. [youtube http://www.youtube.com/watch?v=9CQmfEUOC-Y] HKCEx is a Scam. As we've said before, bitcoin scams are a dime a dozen, but we're doing our best to....
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Coinotron is way too close to 51% of the Litecoin Network Hashrate. The Litecoin Community is currently coming together to deal with one of cryptocurrency's most existential threats: that of a 51% attack. At this point, Coinotron has not attempted any sort of malicious activity. In fact, Coinotron has stated that: "I have contacted with our biggest miners. We are working on solution to mitigate risk of Coinotron's hashrate raising over 50% of LTC network hashrate." However, in the days since that message, Coinotron's hashrate has not dropped at all. For the last several days, Coinotron has....
After enduring a tumultuous cooling period in August, Darkcoin's prospects were beginning to look up. Kristov Atlas' review of Darkcoin's source code was mostly positive, and developer Evan Duffield announced Darkcoin would soon become open-source. Moreover, the Darkcoin price increased during the first half of September. After declining a bit from its mid-month highs, the Darkcoin price rallied before Darkcoin's open-source release. However, the Darkcoin price has declined since the actual release. Nevertheless, Darkcoin investors should not panic-sell yet. Darkcoin Price in Decline after....
HKCEx is a scam. HKCEx recently launched their online exchange and sent out a press release on 5/14/14 announcing $25 million USD in funding and deposit bonuses. This most recent press release was only published by one site: Technode. Technode has now deleted their original article (which is still available in cached form) and replaced the link claiming that HKCEx raised $25 million USD with one that reflects the fact (this article has now also been rescinded) that customers have been having issues and the site HKCEx.net had disappeared for several hours. Technode was also the only source....
When Claus, a computer technician in the UK, came across a new exchange based in Hong Kong, his interest was piqued. He was looking to make a return on his litecoin and Hong Kong exchange HKCex offered a higher litecoin to bitcoin rate than others. Claus deposited 1,000 LTC to HKCex on 15th May and was pleasantly surprised when his HKCex account balance showed an extra 88.8 LTC. It turned out that the new exchange was offering a promotional bonus on deposits. Claus hadn't even noticed the sweetener. "I thought their prices were inflated due to the abundance of USD deposit methods and low....
Litecoin miners are being urged to leave the Coinotron mining pool due to an increase in its hash rate, which has been edging toward 51% of the network's total. Despite warnings from the litecoin community across forums like reddit, the pool briefly crossed the 50% mark this week - leaving the litecoin network vulnerable to a so-called '51% attack'. A 51% attack allows an attacker to make double-spend transactions, reverse transactions, prevent confirmations and corrupt the network. The total hash rate of the litecoin network stands at 212.947 GH/s and Coinotron's hash rate peaked at 115....