Bitcoin Survives 68 Cable Failures With Near-Zero Price Impact, Study Finds

Investing in bitcoins can be risky. So it's probably not surprising that starting a bitcoin currency exchange is risky too. Online bitcoin exchanges have a failure rate of 45 percent, with customer balances often wiped out, a new study has found. "Bitcoin is expressly designed to be completely decentralized with no single points of control," says Tyler Moore, one of two US computer scientists who worked on the research study. "Yet currency exchanges have become de facto central authorities, and their success or failure drives bitcoin's success or failure." Moore and Nicolas Christin looked....

A new research paper argues that bitcoin mining pools can only co-exist peacefully if individual miners regularly switch pools and if pools erect sufficient defenses against attacks. If pools don't exhibit either of those properties, then they are liable to attack each other, the report finds. The paper's authors, Aron Laszka, Benjamin Johnson and Jens Grossklags, investigated the long-term effects of competition between bitcoin mining pools in a draft version of a study titled, 'When Bitcoin Mining Pools Run Dry'. The final version of the paper will be presented at the Workshop on Bitcoin....

Despite the risks that come with storing crypto assets with third parties, the findings of a new study suggest many cryptocurrency holders still trust exchanges with the safekeeping of their funds. Conducted by Binance Research, the study finds that 60% of “the general population store their cryptocurrencies on an exchange.” In contrast, 26% of the respondents use cold wallets and only 11% are using hot wallets. Security of Funds Remain a Key User Concern Dubbed the 2021 Global Crypto User Index, the study’s findings “are based on a global survey issued to over....

Photo via Nik Clark. In the wake of the arrests in Florida, and the Blockchain wallet being removed from the App Store, many Bitcoin enthusiasts are coming to the realization that the path to widespread adoption is fraught with increasingly arduous obstacles. Government regulation, Apple, or banks; what will be Bitcoin's most challenging adversary? If you believe Susan Crawford, it may be U. S. cable companies. In her new book, Captive Audience: The Telecom Industry and Monopoly Power in the Gilded Age, Susan Crawford characterizes the cable industry in the U. S. as modern railroad....

In the world of cryptocurrency, countless new projects pop up every day. While a lot of them look strong, and even experience success, many others end up going nowhere. In fact, a lot of these projects end up being outright failures. The worst of these failures start out with promising futures, generating a lot of hype and raising large amounts of starting capital. Then, they flop. They either quietly fade into the sea of failed crypto projects, or crash spectacularly in a blaze of public drama. The following list shows the biggest of these failures, the most hyped projects that couldn’t....