Tag: verge

A New Bitcoin World

Pump and Dumps Are the Final Indignity for Dying Coins

Pump and Dumps Are the Final Indignity for Dying CoinsYou can tell an altcoin is close to death when its price soars. That may sound like a contradiction in terms, but that’s what can happen to crypto assets when they’re in the throes of death. With low liquidity and thin volume, exchange-listed altcoins are prey to manipulators who will send them skyward one final […]

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January 2, 2019 0

Mischief-Maker Promises to Livestream a 51% Altcoin Attack

Mischief-Maker Promises to Livestream a 51% Altcoin Attack“On Oct 13, 3:00 CDT I will be doing a 51% attack against the cryptocurrency Einsteinium,” began the call-to-arms. As promises go, this one was as bold as it was brazen. The anonymous attacker has promised to assume majority hashrate control of an altcoin to demonstrate how easy the process is. As proof, they’ve not […]

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October 9, 2018 0

Verge Struck by Second PoW Attack in as Many Months

Verge Struck By Second PoW Attack in as Many MonthsAccident-prone altcoin verge has been crippled by yet another mining attack. A little over a month after being subjected to a 51% attack, the network is once again at the mercy of a malevolent attacker who is rejecting blocks and profiting handsomely off the carnage caused. The repeat attack illustrates the risks faced by low […]

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May 23, 2018 0

Cryptocurrency Communities Just Can’t Get Along

Cryptocurrency Communities Just Can’t Get AlongIf there’s one thing that rival cryptocurrency factions can agree on, it’s their mutual dislike of one other. Everything else is up for debate, and not calm, reasonable debate, but the sort of fevered in-fighting that makes the crypto community resemble an unruly rabble. This internecine squabbling has arguably done more to hinder cryptocurrency adoption […]

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May 8, 2018 0

Verge Is Forced to Fork After Suffering a 51% Attack

Verge Cryptocurrency Falls Prey to a 51% AttackVerge, a ”privacy coin” famed for the zealotry of its community, has fallen prey to a 51% attack. A malevolent miner gained majority control of the network hashrate, a feat that makes it possible for the controlling entity to modify transactions, calling the integrity of the entire blockchain into question. Around 250,000 verge were stolen […]

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April 5, 2018 0