December 3, 2020

Cryptheory

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Crypto News of the Day (27.1.) | Tim Draper: Millennials, go to Bitcoin • Bitcoin Gold under 51% attack, second time • and more

3 min read
Crypto News of the Day (27.1.) | Tim Draper: Millennials, go to Bitcoin • Bitcoin Gold under 51% attack, second time • and more

Here you can find an overview of the most important crypto events in the last 24 hours.

 

Markets

In the markets in general and in Asian markets in particular, the situation with the spread of coronavirus from China is beginning to be reflected. Investments thus spill over into “safe havens” of safe havens and traditional commodities as gold grows. Cryptomarkets are also in green numbers, Bitcoin is currently above $ 8,600 and altcoins are growing even more significantly. The mood in the markets is at 50, ie neutral.

 

You can monitor the current cryptocurrency prices – here.

 

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Cryptocurrencies

 

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Blochchain

 

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Tim Draper: Millennials, go to Bitcoin

Last Wednesday (January 22), during a FOX Business interview, this legendary investor, who was one of the first to invest in companies such as Hotmail, Skype, Tesla, SpaceX and Twitter, was asked for the best advice on retirement investment. Tim Draper said his best advice for the millenniums who want to invest in their retirement is to go to Bitcoin and generally to cryptocurrencies.

 

Bitcoin Gold under 51% attack, for the second time

Bitcoin Gold (BTG) has just suffered a 51% attack, resulting in a double spend of 7,167 BTG (about $ 72,000). This is not the first time that a bitcoin clone has been attacked in a similar way. Vulnerability in the BTG network has been exploited because offenders were able to escape with a BTG worth $ 72,000.

 

The same block was extracted simultaneously on the BTC, for the first time since October 2019

The Bitcoin network has seen another extraction of the same block since October 2019, resulting in a double spending of $ 3. There is much more competition in bitcoin mining than ever before, because the extraction rate is at ATH. According to BitMEX Research, two bitcoin mining pools have discovered a transaction block at the same time. In its tweet, posted on Monday (January 27, 2019), BitMEX Research revealed the same extraction of block 614,732 by Poolin and Bitmain’s BTC.com pools, two competing mining pools.

 

Former employees of Tron are in court with Justin Sun for $ 15 million

Two former BitTorrent employees, who acquired Tron in 2018, sued the founder of Tron and CEO Justin Sun for alleged violations of the Labor Code and harassment. The plaintiffs Lukasz Juraszek, 28, and Richard Hall, 50, claim damages of $ 15 million against Rainberry Inc. (the legal entity of the Tron Foundation), Sun and his chief engineer. An action for damages is based on claims for unlawful termination, racial discrimination, hostile working environments, fraud and harassment and unfair employment practices, including violations of the Labor Code and unfair commercial practices.

 

Over 700 blockchain companies were established this month in China

Chinese entrepreneurs registered 714 blockchain companies in China this month, meaning a total of 26,089 such companies operate in the country. According to LongHash, the total number of blockchain companies registered in China is 79,556, while 57,257 Chinese blockchain companies have also lost their legal status or revoked their licenses.

 

Over 1,000 cryptocurrency companies have been licensed in Iran

Iran reportedly granted more than 1,000 licenses to extract cryptocurrencies in the country. Licenses were issued by the Iranian Ministry of Industry, Mines and Trade. Amir Hossein Saeedi Naeini said the crypto currency industry has the potential to add $ 8.5 billion to the Iranian economy. Iran legalized crypto currency mining last June; the country has been attractive for miners for a long time thanks to cheap energy. Miners are charged $ 0.11 for one kilowatt-hour (kWh) of energy. However, during the peak summer season (June to September), charges are higher, $ 0.46 per kWh.

 

 

 

 

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