Nicehash owns about 70% of DASH mining network according to a Reddit user (Jan 10), and the news is already causing a wave of concerns within the community Investigation It looks like someone currently controls over 51% of DASHs hashrate over Nicehash mining pools; a recent Reddit post accusing Nicehash of being a threat to Proof of Work (PoW) cryptocurrencies is raising concerns around the dreaded topic of 51% attacks. Titled, ‘Someone controls >51% of DASHs hashrate currently’, the Reddit author known as Flenst has claimed that he was investigating the ETC 51% attack when he stumbled across a discussion about “Nicehash abilities”, and here is where he supposedly uncovered that Nicehash currently holds over 70% of the total nethash rate. The post stated: “I stumbled over it when resea
Sunday, Dec. 30 — most of the top 20 cryptocurrencies are seeing discreet losses while a few report discreet gains. Bitcoin’s (BTC) price is under $3,900 again, according to Coin360 data.Market visualization from Coin360At press time, Bitcoin is down a fraction of a percent on the day, trading at around $3,880. Looking at its weekly chart, the current price is substantially lower than the Monday’s high of $4,271, and also lower than $4,011, the price of BTC one week ago. Moreover, the current price is still substantially up from $3,642 — the mid-week low registered Friday.Bitcoin 7-day price chart. Source: CoinMarketCapRipple (XRP) — the second largest cryptocurrency by market capitalization — remained relatively stable on the day, trading at about $0.399 as of press time.On the weekly cha
Cryptocurrencies as an asset class are maturing and carving out their own niche. While the equity markets had their worst week in the past 10 years, the crypto markets have bounced sharply from their lows, showing first signs of a recovery.However, after the massive destruction of wealth this whole year, it will take more than a bounce to confirm the start of a new uptrend. Though these bounces are a good opportunity for short-term traders, the investors need to look for large bottoming formations which signal the beginning of an uptrend.After the initial bounce, the traders will look for signs of improving fundamentals before coming in with new money. Therefore, although the bounce is a positive sign, it is still not an all-clear signal. Let’s look at the top five performers of this week.
Cryptocurrency enthusiasts love to talk about Venezuelan users – wracked by political oppression, economic collapse and food insecurity – as a prime example of bitcoin’s subversive potential. But the reality is far more complicated. Venezuelan expat David Díaz of the Blockchain Academy in Buenos Aires told CoinDesk that many Venezuelans are learning about cryptocurrency through forced exposure to the state-issued petro, in addition to aggressive outreach strategies from projects like dash. Many don’t even know that bitcoin is useful itself, beyond its ability to ease the transfer of assets like dash or dollars. That’s why Díaz is teaming up with fellow expat Jorge Farias of Panama-based startup Cryptobuyer to offer a free educational course about bitcoin to Venezuelans, including online pr
American fast food chain Church’s Chicken has started accepting payments in cryptocurrency Dash (DASH) at its locations in Venezuela, according to an official Facebook announcement on Dec. 12.According to Dash News, the cryptocurrency is accepted in all 10 restaurant locations in Venezulea. Dash has also completed its first transaction at Church’s Chicken and uploaded a video of the event on its official YouTube channel. The restaurant claims to be the first global fast food chain to accept payments in crypto.The announcement from Church’s chicken follows some confusion regarding the acceptance of Dash at major fast food vendors in Venezuela. On Dec. 7, PR and media director at DashNews Mark Mason posted a tweet stating that KFC Venezuela would start accepting Dash payments the following w
The CEO of KFC Venezuela, Antonio Sampayo, has denied a recent announcement that it will start accepting major altcoin Dash (DASH), Spanish language crypto media Criptonoticias reports Monday, Dec. 10.Sampayo explained that KFC had discussed a crypto-related test with Dash, but the contract has not yet been finalized. He also said that processing payments with Dash “is not a fact, nor has the publication of any news about it been authorized.”On Friday, Dec. 7, the PR and media director at DashNews Mark Mason posted a tweet stating that KFC Venezuela would start accepting Dash payments the following week.The video attached to the tweet said that the country’s capital Caracas will be the first city to test a crypto-powered payment system in one of its biggest KFC restaurants with 24 other KF
If you are an avid participator in social media discourse in the crypto sphere, it is likely you have encountered the #masternodemebro hashtag on Twitter. The hashtag began gaining traction since July and had brought attention to masternodes and the role they play in the cryptocurrency space. In this guide, you will discover what masternodes are, how they work and the pros and cons of running one. #MasternodeMeBro Started by crypto enthusiast Brian Colwell, the hashtag represents a competition where owners of masternodes vote on the cryptocurrencies with the best masternodes. The competition was held over a few months and was divided into different categories based on the market capitalization of the digital currencies as well as other characteristics. Colwell, also known as Crypto Hobbit...
Friday, Dec. 7 — Crypto markets have today again taken a major downturn, with virtually all of the major coins by market cap seeing double digit losses. Some coins are down by over 20 percent, as data from Coin360 shows.Market visualization by Coin360Bitcoin (BTC) has taken a steep hit of over 11 percent on its 24-hour chart, and is trading at $3,400 as of press time. Having attempted to reclaim ground above the $4,000 price point in early December — to briefly trade close to $4,300 — the top coin’s recovery has failed to hold, and the asset has seen stepped losses in the days before today’s dizzying tumble.On the week, Bitcoin is now down by around 20.5 percent; monthly losses are at a severe 47.3 percent.Bitcoin 7-day price chart. Source: Cointelegraph’s Bitcoin Price Index.Second-larges
A branch of the United States Department of Homeland Security (DoHS) is researching the possibility of using blockchain forensic analysis tools to better trace privacy coin transactions.Privacy No More: US Government Preparing Forensic Analysis ToolsAmong the biggest concerns surrounding cryptocurrencies like Bitcoin are fears that the emerging technology could facilitate money laundering by rogue countries, terrorist organizations, and cybercriminals.However, the United States government has increasingly bolstered their ability to trace blockchain transactions, and have even learned how to track Bitcoin transactions back to the source and identify the wallet holder, as was the recent case where the U.S. Treasury sanctioned two men from Iran over their involvement in ransomware attacks.Rel...
Monday, Dec. 3 — Crypto markets have today again taken a major downturn, with all of the major coins by market cap seeing significant losses of within a 4 and 10 percent range, as data from Coin360 shows.Market visualization by Coin360Bitcoin (BTC) has dropped below the $4,000 price point, down about 7 percent on the day to trade at $3,868 at press time. Despite rebounding to as high as $4,400 Nov. 29, the top coin has today seen a drop from a 24-hour high of around $4,135 to as low as $3,846 in recent hours. Having lost its midweek gains, Bitcoin is breaking more or less even on its 7-day chart, up by just a fraction of a percent; monthly losses are at a stark 39.6 percent, according to Cointelegraph’s Bitcoin Price Index.Bitcoin 7-day price chart. Source: Cointelegraph’s Bitcoin Price I