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Decade after Ethereum ICO: Blockchain forensics end double-spending debate
11.7.2024
Magazine and Gray Wolf’s investigation concluded that Bitcoin was not double spent in Ethereum’s 2014 ICO, but illicit actors may have laundered their dirty crypto
Super Sushi Samurai Token Crashes by 99% After Critical Exploit
22.3.2024
Following a critical double-spending glitch, the GameFi project Super Sushi Samurai token's market value plummets 99.9% with $4.8 million withdrawn from its liquidity pool.
The post Super Sushi Samurai Token Crashes by 99% After Critical Exploit appeared first on Cryptonews
Celebrating 15 Years of Bitcoin: Unraveling Satoshi Nakamoto’s Seminal White Paper
31.10.2023
Fifteen years ago, on a memorable Halloween night, Satoshi Nakamoto introduced the world to Bitcoin through a white paper that laid the foundation for decentralized digital currencies. Published on a cryptography mailing list, this seminal document provided a comprehensive solution to...
Decade-Old Wisdom: Unpacking Satoshi Nakamoto’s Definitive Quote on Bitcoin Transaction Challenges, 13 Years On
29.7.2023
Thirteen years ago to the day, the enigmatic creator of Bitcoin, Satoshi Nakamoto, pronounced a quote that has since reverberated across various contexts. This prominent aphorism: “If you don’t believe me or don’t get it, I don’t have time to try to convince...
Bitcoin Added to the Guinness Book of World Records as the ‘First Decentralized Cryptocurrency’
18.10.2022
Since 1955 Guinness World Records (GWR) has published a reference book annually that covers world records from extreme natural events to human achievements. This year, Bitcoin has entered the fray as the world’s first and most valuable cryptocurrency network as GWR has added the subject...
Monero community concerned as leading mining pool nears 51% of ecosystem's total hash rate
15.2.2022
The sharp increase in MineXMR's mining hash rate in the past few months has led some XMR enthusiasts to suspect ulterior motives
Climate Startup Nori Raises $4M to Solve Carbon Market Double-Spending
24.9.2020
Nori has been funded to build a blockchain-based market for carbon credits that will start by paying farmers to remove CO2 from the atmosphere
Ethereum Classic Suffers 51% Attack Again: Delisting Risk Amplified
30.8.2020
Beleaguered Ethereum Classic (ETC) blockchain suffered yet another 51% attack on August 29. The latest attack caused the reorganization of over 7,000 blocks and this corresponds to approximately two days of mining. At the time of reporting, it was not clear if there had been any double-spending...
$5.6 Million Double Spent: ETC Team Finally Acknowledges the 51% Attack on Network
6.8.2020
The Ethereum Classic (ETC) blockchain network lost $5.6 million to one miner following a 51% attack initially thought to be a chain split. During the attack, the offending miner managed to double-spend 807,260 ETC ($5.6 million) after spending 17.5 BTC or $200,000 (at time of writing) to acquire...
Researchers Expose Flaw in Bitcoin Wallets That Could Be Exploited for Double-Spending
2.7.2020
A standard way to transact Bitcoin could be vulnerable to double-spending and DoS attacks, ZenGo has found
Bitcoin Gold 51% Attacked – Network Loses $70,000 in Double Spends
26.1.2020
The Bitcoin Gold (BTG) network suffered another set of 51% attacks on January 23-24, as roughly 29 blocks were removed in two deep blockchain reorganizations (reorgs). Reports indicate that more than 7,000 BTG was double spent as the chain suffered a loss of $70,000 in two days. Also read: Bitcoin...
Why Double Spends on BCH Are Not the Same as Replace-By-Fee Fraud
3.1.2020
When it comes to creating a peer-to-peer electronic cash system, accepting zero confirmation transactions becomes critically important. When a model’s main aim is to “just hodl” or push an isolated store of value narrative, important concerns like double spending can take a back...
Traditional Law and Finance Can Adapt to Bitcoin, These Examples Show
20.10.2019
Bitcoin brought about solutions to persistent problems that stood in the way of previous attempts to invent digital money, such as the risk of double spending. Some of its features, however, like the characteristic irreversibility of blockchain transactions, have created certain challenges for...
Android Tool Lets You Check Crypto Payment Apps for Double-Spends
13.10.2019
The risk of double-spending has traditionally been a major obstacle to creating and fully using digital money. A flaw of this kind would be detrimental to the credibility of any system claiming to provide universal solutions to the financial needs of our era. Whoever created Bitcoin elegantly...