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.
Micropayments, as the name suggests, are transactions involving small amounts of money usually done electronically. Micropayments are an integral part of today’s subscription services and in-app payments. However, many factors, technological and economical, have hindered its widespread adoption. But, the dawn of Blockchain technology and the growing adoption of crypto and digital currencies have solved many of the longstanding issues with micropayments, leading to its increased acceptance.
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.
This week was quite unprecedented in the digital currency space. This week saw some significant developments leading to the mainstream adoption of cryptocurrencies.
This week marks a significant achievement in mainstream cryptocurrency adoption. On July 22, the Office of the Comptroller of the
It was quite a roller-coaster week for Bitcoin and Blockchain. Twitter hack targeting several high-profile accounts with hackers masquerading as celebrities, politicians, crypto exchanges, and crypto news-outlets, among others, and asking people to send bitcoins with the promise of returning double the coins has grasped the world this week. This news and many more from the eventful week here.
This post is originally published in Data Driven Investor. Cryptocurrencies, especially bitcoins, have shown tremendous growth so far when compared
This week, a lot of events happened in the Blockchain world. Here are a few abstracts of the week’s developments in the cryptocurrencies and Blockchain space.
What happened in the realm of cryptocurrencies and Blockchain this week? From Combating Corruption to Playing Chess
Would you pay $6 million for $900,000? In the cryptocurrency world, it is not unusual to hear about users paying