Bad Actors Rent Hashing Power to Hit Bitcoin Gold With New 51% Attacks
The two attacks last Thursday saw over $87,000 in the cryptocurrency double spent.
Bitcoin’s return above the $9,000 mark may have been driven by some of the same forces causing a rally in bonds – a desire for respite from a coronavirus-plagued markets.
The price of bitcoin broke above $9,000 on a bullish run at 9:00 UTC (4:00 a.m. EST).
A 51 percent attack on Bitcoin Gold was unsuccessful.
It is profitable for exchanges to list low market-cap coins, despite the potential for 51 percent attacks, say two VCs from Dragonfly Capital.
Today's daily podcast features trouble at TRON and an attack on Bitcoin Gold. It's CoinDesk's Crypto News Roundup.