4 Lines of Defence Against a 51% Attack
The bitcoin community has been critical for the past two days of the increasing hash rate of the biggest bitcoin mining pool Ghash which states that it is currently able to process 37.92 Ph/s leading to an estimation of 42% – 47% of the total network hashrate. Ghash has not yet responded to requests for comments. However, in a press release issued in January 2014 to alleviate fears of 51% control of the total hashrate, Ghash, whose hashrate is stated to consist of approximately 45% BitFury ASIC based miners and 55% independent miners, publicly stated in clear terms that: “GHash.IO does not....
Related News
According to the National Crime Agency, a UK citizen is among fifty six arrested this week in relation with cyber-crime after an intensive probe into hacking at the United States Department of Defence. The British man a twenty three year old was arrested in Sutton Coldfield, in the West Midlands by the NCA on suspicion of offences linked to stolen data from a messaging service used around the world by employees of the DOD. The US Department of Defence Criminal Investigative Service (DCIS) teamed up with the National Crime Agency to make this arrest. “This arrest underscores DCIS commitment....
Under the Defence Trade Control Act (DTCA), Australians could face up to ten years in prison for teaching encryption. Criminal charges will go into effect next year. The new legislation will make it illegal for Australians to teach or provide information on encryption without having a permit. Australia’s Department of Defence originally passed the Defence Trade Control Act on November 13, 2012. However, amendments were made to the DTCA and passed into law just last month in April. There is a 12-month implementation period, so Australians are safe for now.
In recent weeks, not only has UK Prime Minister David Cameron suggested the banning of encryption use, Australia is on its way to making it a criminal offense to even lecture on the topic. Starting next May, academics could face prison for empowering individuals with the knowledge of cryptography. As Defence Report states, "Without the exclusion for academics, as enjoyed by the US and UK, university researchers would need prior permission from a Minister at the Department of Defence (DoD) to communicate new research to foreign nationals or to publish in any research journals." According to....
Trends play an important role in trading, giving traders a chance to use patterns in the price data to make decisions based on more than simple rises and falls, or worse, gut instinct. But how does one identify and draw a trend on a chart? When looking at bitcoin price charts like the one below, you can't help notice how prices at times seem to move along invisible lines: This can be seen whichever chart timeframe you look at, be it weekly, daily or on a 30-minute chart: Trend lines and trend channels. The lines you see in the charts above are called 'trend lines'. However, it is apparent....
The internet infrastructure and risk-mitigating company, Cloudflare Inc., reportedly prevented the largest distributed denial of service (DDoS) attack earlier this month, calling it the most volumetric attack the company has recorded to date. The attack in question was aimed at a crypto platform. The number of requests per second (rps) of the current DDoS attack […]