Friday, April 10Your Daily Bitcoin & Altcoin News Portal

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Bitcoin Cash Could Face 51% Attack for $10,000 in Rented Hashpower

Bitcoin Cash Could Face 51% Attack for $10,000 in Rented Hashpower

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Please share if you find this article interesting. Bitcoin Cash Could Face 51% Attack for $10,000 in Rented Hashpower The recent Bitcoin Cash (BCH) block reward halving has wreaked havoc on the cryptocurrency’s hash rate — with an apparent miner exodus plummeting hash power more than 80% over two days. As a result, launching a 51% attack on BCH currently costs less than $10,000 per hour, raising concerns regarding the security of the network. BCH Hash rate plummets 80% In response to BCH’s block rewards dropping from 12.5 BCH to 6.25 BCH, many miners appear to have migrated their hash power to the Bitcoin (BTC) network. According to f2pool, BCH hash rate dropped from nearly 4,200 pentahashes per second (PH/s) to as low as 720 PH/s within two days of the halving taking place. Over
Online Voting Not Secure Even With Blockchain, Says US Association

Online Voting Not Secure Even With Blockchain, Says US Association

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Please share if you find this article interesting. Online Voting Not Secure Even With Blockchain, Says US Association With images from the Wisconsin democratic primary flooding the internet this week showing voters braving hail and cold weather in the middle of a pandemic, Americans may be looking for a better way to vote from home. Unfortunately, according to one scientific association in the U.S., there may not be a safe way to do it with their smartphones just yet. In an open letter dated April 9 to Governors, Secretaries of State and State Election Directors, the American Association for the Advancement of Science’s (AAAS) Center for Scientific Evidence in Public Issues urged officials to not allow internet voting in elections: “At this time, internet voting is not a secure
Bitcoin Price Suddenly Drops Below $7K, Crypto Market Under $200B

Bitcoin Price Suddenly Drops Below $7K, Crypto Market Under $200B

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Please share if you find this article interesting. Bitcoin Price Suddenly Drops Below $7K, Crypto Market Under $200B Bitcoin (BTC) price dropped nearly $200 in minutes on April 10 to slide below $7,000 for the first time in four days. Data from Coin360 and Cointelegraph Markets showed BTC/USD now dropping below the tight $400 corridor between $7,100 and $7,410 where it had stayed for most of the week. The sudden drop from $7,150 to $6,915 also formed the most volatility seen in recent days and, at press time, Bitcoin is trading around $6,960. Cryptocurrency market daily overview. Source: Coin360 BTC price dives going into the weekend — $6.3K next? As previously expected by some traders, the small price rise did not occur from the $7,200 levels going into Friday. However, the $6,
Texas Cloud Mining Firm Shut Down After Fake Charity Pitch

Texas Cloud Mining Firm Shut Down After Fake Charity Pitch

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Please share if you find this article interesting. Texas Cloud Mining Firm Shut Down After Fake Charity Pitch The Texas State Securities Board (TSSB) has taken emergency action against cloud mining firm Ultra BTC Mining for issuing unregistered securities.  The emergency cease-and-desist order was jointly filed against Ultra Mining by the TSSB and the Alabama Securities Commission on April 8. The securities regulators accused Ultra Mining of registration violations, fraud, failures to disclose key information relating to its operations, and misleading or deceptive statements. The regulators allege Ultra BTC Mining and its agent Laura Branch were running a "recession special” to prey on economically vulnerable Texans and had refused to verify a claimed $100,000 donation to help UN
Craigs Wright’s Lawyers Slam Court Order Based on ‘Personal Attacks’

Craigs Wright’s Lawyers Slam Court Order Based on ‘Personal Attacks’

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Please share if you find this article interesting. Craigs Wright’s Lawyers Slam Court Order Based on 'Personal Attacks' Lawyers for Satoshi claimant Craig Wright have strongly criticised a magistrate's order as wrong in law and “based in significant part on personal attacks” against Wright and his Kenyan attorney. Wright‘s team was objecting to the Order on Discovery filed April 8 in the U.S. District Court in the Southern District of Florida, that requires him to produce a cache of 11,000 documents in a multi-billion lawsuit issued by the estate of his late business partner Dave Kleiman. They said the "order is clearly erroneous and contrary to law. It should be reversed and vacated”. Earlier in the case, Magistrate Judge Bruce E Reinhart dismissed Wright's attempts to claim att
The Bitcoin Fund Completes IPO, Now Trading on Canada’s Leading Stock Exchange | Bitcoin News

The Bitcoin Fund Completes IPO, Now Trading on Canada’s Leading Stock Exchange | Bitcoin News

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Please share if you find this article interesting. The Bitcoin Fund Completes IPO, Now Trading on Canada's Leading Stock Exchange | Bitcoin News The Bitcoin Fund, managed by 3iq, has completed an initial public offering and has begun trading on the Toronto Stock Exchange (TSX). It has been a long road for 3iq and The Bitcoin Fund since their filing was first rejected. After a hearing, a commissioner with the Ontario Securities Commission ruled in their favor. Also read: Bitcoin Revolution: Wanna Earn $1,000 a Day? Government Warns About This Scam The Bitcoin Fund Trading on TSX Exchange Canadian investment fund manager 3iq Corp. announced on Thursday that The Bitcoin Fund has completed an initial public offering (IPO) and merged with 3iq Bitcoin Trust. Consequently, The Bitco...
Chainlink (LINK) Rallies 149% Since March Bitcoin Price Crash

Chainlink (LINK) Rallies 149% Since March Bitcoin Price Crash

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Please share if you find this article interesting. Chainlink (LINK) Rallies 149% Since March Bitcoin Price Crash This week Chainlink (LINK) is on an absolute tear, gaining 47% over the past four days on strong purchasing volume. The price had dropped by a massive 63.50% from March 11 to March 12 and bottomed at $1.35 on March 13. Since March 13 LINK has rallied 149% and at the time of writing the digital asset was up 6.65% for the day.  Other than the entire crypto market recovering from deeply oversold conditions, the recent announcement of new partnerships with decentralized finance giant Celsius, and Fantom could possibly be adding to the current excitement as previous partnership announcements have been known to drive LINK price higher.  Regardless of the reason, the recent g
First Public Bitcoin Fund Listed on Toronto Stock Exchange

First Public Bitcoin Fund Listed on Toronto Stock Exchange

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Please share if you find this article interesting. First Public Bitcoin Fund Listed on Toronto Stock Exchange Canadian asset manager 3iQ has become the first firm to launch a fund tied to Bitcoin (BTC) on the Toronto Stock Exchange (TSX), after three years of legal wrangling. ‘The Bitcoin Fund’ listed nearly 1.5 million Class A ‘QBTC.U’ shares on TSX on April 9. The fund’s shares are currently trading for around $11 each. On April 10, entrepreneur and crypto investor Tyler Winklevoss tweeted that The Bitcoin Fund’s launch on TSX was historic as it is “the first public Bitcoin fund listed on a major stock exchange.” The Winklevoss twins' crypto exchange Gemini is acting as a custodian for The Bitcoin Fund. The TSX is the largest stock exchange in Canada with more than $97 billion
Grayscale Ethereum Trust Trading at 515% Premium

Grayscale Ethereum Trust Trading at 515% Premium

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Please share if you find this article interesting. Grayscale Ethereum Trust Trading at 515% Premium Investors are paying a 515% premium to buy Ether through the Grayscale Ethereum Trust. It costs $90.55 to buy a share in Grayscale Investments’ Ethereum Trust (ETHE), however its Ether holdings per share are currently worth just $16.10. That means it’s five times more expensive to buy Ether via the trust than on the open market. 04/09/20 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.Total AUM: $2.5 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $XRP $ZEC pic.twitter.com/S68eNk8tEN — Grayscale (@GrayscaleInvest) April 9, 2020 While the ETHE premium goes up and down regularly, it is now significantly higher than the 220% i
Bitcoin SV Just Finished Its First Halving

Bitcoin SV Just Finished Its First Halving

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Please share if you find this article interesting. Bitcoin SV Just Finished Its First Halving Bitcoin Satoshi's Vision (BSV) just finished its first halving, roughly two years after forking from Bitcoin Cash (BCH) in 2018.  BSV completed its halving at approximately 01:30 UTC. This event marks the reduction of the coin's block reward from 12.5 to 6.25 BSV.  Bitcoin forks halve one month before their father chain BSV's halving comes just a short time after BCH's halving event on April 8, and approximately one month prior to Bitcoin's halving.  Bitcoin SV sits at a price of $210.87 , down from $225 on the day. Since its halving, BCH has fallen from $278 to $256.21.  BSV and BCH both come with a 21 million total coin supply — the same as their parent chain, Bitcoin (BTC).     The sp