Kraken Crypto Exchange to Become a Bank, Bahamas to Have the World’s First Sovereign Currency. These and many more in this week’s newsletter.
World came to know what DCEP looks like, albeit briefly, Attacks on ETC Continues, DeFi continues to Lure Investors, Two More Cats in the CryptoKitties’ Kitty, and many more in this week’s newsletter
Bitcoin was in the news again this week, as its price surged past the US $12,000 mark yet again, and reached a new high for 2020. The price rose above … Continue reading Blockchain This Week – Bitcoin Rallies
In yet another eventful week in the realm of Blockchain and cryptocurrencies, Bitcoin price spiked briefly to US $12,000, Ethereum gas price soared to US $99, South Korea exceedingly embraced Blockchain, USPS eyeing Blockchain. These and many more in this week’s newsletter.
The week began with the news of a 51% attack on the Ethereum Classic network, which the attackers purportedly executed undetected over several days. The attackers managed to pocket the US $5.6 million through double-spending. The network was attacked again on Thursday, with the attackers ripping off US $1.6 million. The attackers were able to mount up sufficient resources for the attack by spending a mere 17.5 Bitcoins worth US $192,000 for renting the required hash power. This news and many more in this week’s newsletter.
This week marked the fifth anniversary of the launch of the first-ever general-purpose Blockchain platform – Ethereum. At the same time, the Bitcoin price soared above US $11K, and at the time of writing this article was rallying at US $11,393.43. These and many more in Blockchain – this week.