Today's Hot Topics

Bitcoin price sees $1,000 spread as '2x' crisis averted

As confirmation came through that a contentious software proposal had been discarded, Bitcoin set an all-time high of $7,879, before dropping to $7,070. The general consensus among analysts is that this $800 high to low range was due to traders attempting to price in this intricate news. A syndicate of businesses and miners are no longer seeking to overhaul the blockchain mechanism or create a new cryptocurrency from its ashes. An unexpected shock was seen in the charts by market observers, showcasing something not seen since September as China's regulatory body moved to shutter its crypto exchanges and ban ICOs....

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The Bitcoin bogeyman: what is a 51% attack?

Of all the possible weaknesses and attacks, there's one that sits on the throne - the 51% attack. People have routinely speculated of the fear of an end-of-days situation for Bitcoin, but this time they could be right. Transactions could be stopped from confirming, and some transactions could even be reversed by attackers who hold over 50% of hashing power, potentially undermining the whole project. The economic incentives and design of Bitcoin were specifically structured to defend it from the potential of a destructive 51% attack. So far this has been successful. But until now, a 51% attack was merely...

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What if Bitcoin is really something else?

Cryptocurrencies are a new phenomenon, still emerging on to the markets and into our minds. Our understanding of them is not complete, and opinion as a result remains split. Traditional moneymen such as Jamie Dimon denounce Bitcoin and its fellows as a fraud, a Ponzi scheme - as if the conventional financial world was ever innocent of that label. But what if Bitcoin has a value not just as a competing currency but as something else altogether? What if cryptocurrencies represent, in fact, an entirely new asset class? What does this mean? If you are beginning to feel we are...

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Government partnerships could see cryptocurrencies go mainstream

If there is one thing that the recent breakneck rise of Bitcoin this year has shown, it is just how popular it is becoming. More and more people are seemingly getting involved with this and other Blockchain based digital currencies. As this happens and digital currencies evolve over their lifetime, it will see a real march into the public consciousness and mainstream acceptance. [caption id="attachment_5992" align="alignright" width="300"] Image from Flickr[/caption] Government partnerships helping with this One sure-fire way to increase the use and widespread acceptance of cryptocurrencies is by teaming up with governments, which is exactly what one Blockchain firm...

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What is a Bitcoin?

An introduction to the bitcoin currency The bitcoin digital payment currency was launched in 2009 by an anonymous individual simply known under the alias 'Satoshi Nakamoto'. It started as an open source software but has grown to become a digital currency which is now used across the globe. The currency is the first decentralised cryptocurrency. Instead of a central administration, the currency relies on transactions which take place directly between peers, without the need for an intermediary management process, such as a bank. In order to verify these transactions, network nodes are recorded in a publicly accessible ledger, which is...

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