Following a String of Attacks, Was a Bitcoin Price Drop Inevitable?
So now bitcoin price has gone down again. After a recent surge of about $20 that got digital currency enthusiasts everywhere feeling pretty happy again, the price has now gone down by about $10 and is hovering around the $233 line. Naturally, many of us are pretty disappointed, and yet at the same time, such a drop was to be expected. With the recent malicious activity striking bitcoin exchanges all over the globe, a bitcoin price drop was probably inevitable. We saw similar circumstances with the Bitstamp hacking, and now we're likely to see it again here, especially considering there....
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The price of bitcoin has risen from yesterday... Another ten dollars at the time of this writing, thereby placing the price at around $245... In the midst of this good news, however, I'm not so sure if we should be celebrating or if we should still be worried. The price of bitcoin has jumped about $20 over the last two weeks, and while this is indeed a refreshing sign for most, there are several problems currently running amok in the bitcoin community. Between the recent string of hackings on BTER, Excoin and HitBTC that have caused probably millions of dollars in bitcoins to disappear, it....
A notable blockchain industry investor was hacked today, the latest target in a string of apparent social engineering attacks that have taken aim at cryptocurrency users. The hackers claim to have stolen and liquidated 110,000 REP (upwards of $300,000) in the digital currency Augur plus an additional unknown sum of ether, the cryptocurrency on the ethereum blockchain, owned by Bo Shen, founder of VC firm Fenbushi Capital. Speaking via Shen's Twitter account, the hacker credited his sale with dropping the dollar value of Augur's digital asset Reputation (REP) from 0.0035 BTC (then roughly....
Boy oh boy... So we can definitely say that bitcoin has had a relatively slow and standard week, considering all it's been going through. Last week saw the price hovering at around $225, and now the price has slipped down to about $220. A very minor drop, but still a drop no less. The recent news regarding the bankruptcy of MyCoin in China, which saw to almost $400 million in investors' funds go down in flames like a sinking ship certainly has a lot of people worried and on edge. Many are looking at MyCoin and calling it the next Mt. Gox... Maybe it is. After all, the amounts lost are....
It is ‘deja vu’ all over again as Google prepares for a future that seems inevitable. Like the millennium bug of the late 90s, Practical Quantum Computing looks like the next big turn in this era of internet security and encryption. Preparing for Advanced Quantum attacks. The prevailing concern is that in the near future, personal information may not be so secure as hackers could employ higher level computing procedures, otherwise known as Advanced Quantum attacks to crack current encryption techniques. Considering the potential weakness of encryption which could make it vulnerable in the....
On November 7 at around 12:37 a.m. (EST), another string of so-called ‘sleeping bitcoins’ were moved for the first time since 2010. The peculiar movement stemmed from 20 blocks from 2010 with approximately 1,000 BTC spent ($15.5 million) in a single block. **Update 10:20 a.m. EST: Seven hours prior on Nov. 6, 2020, a 2010 coinbase reward mined on July 29, was transferred. This block reward, if included with the 20 block rewards spent at block height 655,788, the tally would make a total of 21 spent block rewards. The last coinbase reward strings spent in mid-March and....