Despite being underpinned by blockchain technology that promises security, immutability, and complete transparency, many cryptocurrencies like Bitcoin SV (BSV), Litecoin (LTC) and Ethereum Classic (ETC) have been subject to 51% attacks several times in the past. While there are many mechanisms by which malicious entities can and have exploited blockchains, a 51% attack, or a majority attack as it is also called, occurs when a group of miners or an entity controls more than 50% of the blockchain’s hashing power and then assumes control over it. Arguably the most expensive and tedious method to compromise a blockchain, 51% of attacks …

Bitcoin (BTC) has hit new record highs this week — not in U.S. dollar terms, but against its longtime competitor, Bitcoin Cash (BCH). Data from Cointelegraph Markets Pro and TradingView confirms that on June 29, BCH/BTC officially set its lowest ever price. CoinFLEX debacle ensnares BCH supporter Ver Bitcoin Cash, also known as “Bcash” by those critical of the coin’s ethos and future, gained notoriety in 2017 when it became the first major hard fork of the Bitcoin network to take on BTC, itself. Months after launching, the altcoin hit highs of around 0.43 BTC per token, this proving something …

While Meta has not yet launched its metaverse project, Bitcoin SV (BSV) association president Jimmy Nguyen thinks that it would be better for the firm to store user data on a public blockchain. In a Cointelegraph interview, Nguyen shared that a global and interoperable metaverse ecosystem would mean that individual data will be stored within a public blockchain. If Meta employs this method, Nguyen noted that Meta could become an interface that connects a blockchain to companies' metaverse apps. This will allow other metaverses to access user data once users give their consent. The BSV president said that: “I hope …

Bitcoin (BTC) bounced back from ten-month lows on May 11 as the start of Wall Street trading gave bulls some relief. One day, $860 million more crypto liquidations Data from Cointelegraph Markets Pro and TradingView showed BTC/USD erasing the impact of above-expectation United States inflation data, hitting $32,000 on Bitstamp. April's Consumer Price Index (CPI) print has sent the pair into a fresh tailspin, with $30,000 giving way to levels not seen since July 2021. As turmoil over Terra, its LUNA and TerraUSD (UST) tokens and co-founder Do Kwon continued, the mood remained firmly wary. The Crypto Fear & Greed …

Bitcoin (BTC) looks set to beat its forked versions Bitcoin Cash (BCH) and Bitcoin SV (BSV) in terms of price-performance in 2021, market data shows. Notably, BTC's year-to-date (YTD) returns sat near 60% at press time as its price wobbled near $47,500. In comparison, BCH rallied a little over 26% to $435.50, while the BSV price plunged over 25% to $122.30 in the same period. But the biggest takeaway remained the performance of Bitcoin Cash and Bitcoin SV against Bitcoin. In detail, the BCH/BTC rate declined over 22.50% YTD to 0.00916. Meanwhile, BSV/BTC dipped by nearly 55% YTD to 0.00258 …

Bitcoin Satoshi’s Vision, the fork of another Bitcoin (BTC) fork, has for the third time in three months suffered a blockchain reorganization (reorg) attack. With a call to all stakeholders to mark the malicious network branch as invalid, Bitcoin SV (BSV) developers say the attacks have been repelled and all fraudulent chains identified. The flurry of attacks against Bitcoin SV, though reportedly repelled, highlight the risks associated with proof-of-work (PoW) blockchains that have a low amount of hash rates backing their existence. Indeed, apart from Bitcoin SV, several chains, like Ethereum Classic (ETC) and Firo — formerly known as Zcoin …

Bitcoin SV has reportedly suffered a “massive” 51% attack beginning at around 11:46 am Eastern Daylight Time on Tuesday, resulting in up to three versions of the chain being mined simultaneously. Analytics provider Coin Metrics confirmed Tuesday afternoon that its FARUM risk management platform had identified the 51% attack. FARUM has identified a 51% attack today on the BSV network at around 11:45AM EDT.https://t.co/Oy19UDw53t https://t.co/T3MMRHqPe8 — CoinMetrics.io (@coinmetrics) August 3, 2021 Information about the attack was further corroborated by Lucas Nuzzi, a network data product manager at Coin Metrics. “Someone is seriously trying to destroy BSV,” he tweeted, adding: “For …

The owner of the crypto exchange Bitmart has filed a bid for pre-arbitration injunctive relief to prevent Chinese hackers from making illicit transfers using fraudulent Bitcoin SV (BSV) on its platform. According to a Monday report, GBM Global Holdings, Bitmart’s owner, filed its bid with a New York federal judge, despite the fraudulent activities taking place largely out of state. The company has argued that the Southern District Court of New York nonetheless has jurisdiction over "fraudulent or manipulative acts with foreseeable effects in New York'' and is therefore requesting that the judge intervene before the hackers are able to …

It is no longer possible to download the Bitcoin Core software from Bitcoin.org if you visit the website with a United Kingdom internet protocol (IP) address. A notice on the website reads: “This software is presently not available for download in the UK, and download links will not work if you are located within the United Kingdom.” Indeed, attempting to proceed with downloading the Bitcoin (BTC) software from the site using a U.K. IP returns a “404 error.” Detailing the reason for blocking access to the software download for U.K. site visitors, Bitcoin.org’s pseudonymous owner Cøbra responded to a tweet …

Economist Nouriel Roubini and former risk analyst Nassim Taleb took aim at crypto at the CoinGeek Conference this week, while the always controversial Craig Wright boasted that the Bitcoin SV blockchain was on track to hit billions of transactions a second. Taleb, the author of best-selling economic books Black Swan and Skin in the Game, was a controversial addition to the lineup of the CoinGeek Conference in Zurich and came under fire on social media for giving Bitcoin SV legitimacy. Roubini, meanwhile, offered a “greatest hits” version of his attacks against crypto, familiar from crypto conferences prior to the pandemic. …

Every cryptocurrency bull market has at least one surprise catalyst that comes out of nowhere to excite traders and spark massive trading volumes that lift the total market capitalization to new highs. The 2021 bull market is no exception to this rule, and one of the biggest catalysts for growth this year has been the explosive popularity of Dogecoin (DOGE), which has made headlines in traditional and alternative financial circles as its price surge to new all-time highs over the past few months. With such tremendous growth happening in just a few short months, it's only natural for traders to …

SBI Crypto, the mining subsidiary of Japanese financial conglomerate SBI Holdings, has opened its mining pool to the general public. As one of the fruits of a strategic partnership between SBI and the German tech firm Northern Data AG, the pool reportedly now ranks 11th globally, according to SBI's announcement on March 19. It mines three assets, Bitcoin (BTC), Bitcoin Cash (BCH) and Bitcoin SV (BSV), with a revenue measured in dollars per terahash per day of $0.3897, $0.3805 and $0.3519 respectively. Prior to its partnership with Northern Data AG and the Texas-based data center operator Whinstone US back in …