The CEO of Blockstream, Adam Back, talked about Bitcoin (BTC) and the recent hack experienced by Binance, one of the most popular exchanges around the world. He specifically mentioned that the block reshuffling to recover the funds could completely harm the Bitcoin network. Binance Bitcoin Reorg Could Be Harmful To The Network Last week, when the Binance cryptocurrency exchange lost 7,000 Bitcoin due to a hacker attack, Changpeng Zhao, the CEO of Binance, explained that they were analysing the possibility to reorganize the Bitcoin network to recover the funds lost. The whole cryptocurrency community discussed this issue and whether it would be possible to reorganize the network. Nonetheless, they agreed not to perform this action. Adam Back is against this possibility claiming that it is a terrible idea. About it, he commented: “In game theory, if you can undo something, the attacker can do other things. And people who disagree with the reorg can do other things. People are very
Analysts are now noting that Ethereum’s ability to break above the key resistance level of $200 may be emblematic of a shifting short-term trend for ETH.
A hash-based accumulator called Utreexo could address one of Bitcoin’s scalability concerns.
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Tracing China’s $3 billion crypto scam.
The post How the PlusToken Scam Absconded With Over 1 Percent of the Bitcoin Supply appeared first on Bitcoin Magazine.
iFinex claimed the NY AG lacked sufficient jurisdiction for an investigation into the company’s activities.
S&P 500 stock Estee Lauder is pricey, but there may be another way for investors to play retail and capitalize on strong consumers.
The New York State Supreme Court has ruled that Bitfinex is in the jurisdiction of the state’s Attorney General, allowing for a continuation of its investigation.
A department of the Israel Ministry of Finance is looking to drive fintech competition with industry teams and licensing help.
Staffers at CoinCorner, a British bitcoin trading venue and exchange founded in 2014, now receive part or all of their salaries in cryptocurrencies including bitcoin, ether, and XRP, via CoinCoiner Checkout, a crypto payments solution that eliminates the risks of price volatility for users, reports IOMToday on August 19, 2019. CoinCorner…
It is difficult to know whether more sophisticated crypto custody solutions are paving the way for institutional investors or vice versa.
The New York State Supreme Court has decided that it has jurisdiction to rule over the case between the New York Attorney General (NYAG) and iFinex, the parent company of cryptocurrency exchange Bitfinex. The decision now allows the NYAG to continue its investigation, according to a filing. iFinex previously appealed to the court to halt …
Bitcoin’s recovery from its recent drop to lows of $9,500 signals that buyers are currently in control of it, but BTC may soon incur major volatility.
According to Jeremy Allaire, the price increases in Bitcoin since the beginning of the year were driven by more than just Chinese investors seeking to