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$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...
Indian Government Confirms Crypto Bill Is ‘Awaiting Approval’
31.7.2020
The Indian government has confirmed in a Right to Information (RTI) reply that the inter-ministerial committee’s cryptocurrency bill is “awaiting approval of the government.” The bill is currently being examined by various ministries. Indian Government’s Confirmation...
Fireblocks Claims Exchange Program Enables Zero-Confirmation Crypto Deposits
28.7.2020
Fireblocks says its new system provides crypto deposits on exchanges with zero confirmations and in real-time
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...
These Myth-Busting Articles Dispel Common Bitcoin Myths
22.12.2019
Recently, a few Bitcoin Cash (BCH) proponents have been writing a series of myth-busting articles that describe Bitcoin technicals generally thought to be true but which are not. The articles posted on the read.cash blog have reviewed topics like 10-minute confirmation times, SPV wallets,...
Travelbybit to Drop Bitcoin Payments After Viral Double Spend Video
20.12.2019
On December 18, Bitcoinbch.com published a video explaining how easy it is to double spend BTC transactions in the wild. Not long after the film was released, the payment processor Travelbybit announced it would be removing both BTC and BCH payments for over 400 Australian merchants. Unfortunately...
Video Shows How Easy It Is to Double Spend BTC Using RBF
18.12.2019
On December 18, the web portal Bitcoinbch.com published an informal notice explaining that merchants accepting BTC should switch to BCH because of “dangerous flaws” found in the BTC software. The problem is tied to slow confirmation times tethered to a BTC-based protocol called...
Bitcoin Cash Double Spend Statistics Invoke 0-Confirmation Debate
29.11.2019
On November 28, the creator of doublespend.cash, a web portal that tracks and collects double spend attempts on the Bitcoin Cash network, explained that only 1 out of 1,105 double spends succeeds when they broadcast one second after the first transaction. The website’s creator highlighted...
Scammers Boost BSV Price With Fake Satoshi Confirmation
29.5.2019
Scammers boosted the price of bitcoin SV with a fake news alert purporting to show BSV's creator is also bitcoin's