Security • February 16, 2024 3:23 AM EST Posted 1 minute ago In ~ The current security model is Bitcoin BTC -0.41% and Ethereum ETH +1.09% A new research paper published on February 15 found that 51% and 34% of attacks, respectively, were “economically infeasible.”A 51% attack is an attempt by an entity to control more than half of a blockchain’s mining hash rate, theoretically allowing them to maliciously alter the distributed public ledger. Similarly, a 34% attack attempts to manipulate the consensus of the ledger (proof-of-stake or BFT network) to approve or reject specific transactions by acquiring network stake.According…
Author: Crypto Flexs
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A prominent cryptocurrency analyst is offering an optimistic price target for rival Chainlink (LINK), which has already surged nearly 85% since early 2024. A pseudonymous trader known as Altcoin Sherpa says The 207,200 followers of social media platform Traders use Fibonacci extensions in technical analysis to estimate profit targets and price declines. It is based on Fibonacci ratios. PYTH has already surpassed analysts’ first target of around $0.65. The 83rd-largest cryptocurrency asset by market capitalization is trading at around $0.658 at the time of this writing, up from $0.356 at the start of the year. Altcoin Sherpa’s next asset targets…
I attended the Bitcoin Freedom Festival held in Uvita, Costa Rica from January 18th to 20th. It was a unique event unlike any other Bitcoin gathering I have ever attended. There were over 30 speakers over the course of the festival so I won’t cover each one, but there was one session that stood out and that was a panel of indigenous women who all spoke through a translator. This panel said two things on the final morning that captured the essence of the festival. First, she made it clear that they were guided by the Great Spirit to stand…
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. After the massive outage, Solana rebounded above $100 and Polygon began a scalability upgrade. NuggetRush presales raised $2.2 million. Solana (SOL) rose above $100 following a major network outage. Polygon (MATIC) has released a new upgrade to increase scalability. NuggetRush (NUGX), a gaming adventure offering rewards including gold and NFT staking, is dominating cryptocurrency news channels. Many investors joined the network, resulting in over 179 million tokens being sold. But can NUGX establish itself as one of the best…
ETH 1.x: a fast sync The new direction of ETH 1.x research has begun proper, with a focus on moving the current Ethereum chain towards the ‘stateless client’ paradigm, with the eventual target being a smooth transition into an Eth 2.0 Execution Environment. The next call will be focused on collecting and organizing research topics and planning a more structured roadmap. The call is open for anyone to attend, and is scheduled for December 17th at 16:00 UTC — if you would like to join, please DM Piper Merriam or James Hancock on the ethresear.ch forum. This post is a…
A partnership between privacy-focused project Nym and Zcash was recently announced. This partnership aims to address some of the persistent issues in the sector to enhance user protection and data privacy in the Zcash ecosystem. Data leaks, a difficult problem Electric Coin Company (ECC), the organization behind Zcash, is collaborating with Nym, a privacy-preserving blockchain project focused on enhancing data confidentiality. The collaboration is made possible through Zcash Community Grants (ZCG), as the project team announced on their X (formerly Twitter) account. This partnership aims to solve challenging user protection issues by integrating Nym’s mixnet into the Zcash ecosystem. Integration…
MicroStrategy, a leading corporate holder of Bitcoin (BTC), is close to qualifying for inclusion in the S&P 500 Index. This is a move that could significantly increase Bitcoin’s presence across investment portfolios.Eligibility Criteria and Market DynamicsDespite its promising outlook, MicroStrategy must meet stringent eligibility benchmarks, including a significant market capitalization surge. MicroStrategy’s current market cap is $12.1 billion, and it would need an increase of $3.7 billion to meet the S&P 500’s minimum requirements.Market performance and considerationsMicroStrategy’s recent market performance, with a 46% gain over eight days of trading, highlights MicroStrategy’s momentum. While meeting profitability criteria, MicroStrategy awaits scrutiny from…
while rope USDT -0.04% According to JPMorgan, although they may not be U.S. entities, U.S. authorities can exercise some control over stablecoin issuers through the Office of Foreign Assets Control (OFAC).“U.S. regulators could exercise some control over Tether’s overseas use through OFAC,” JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a report Thursday. “A good example is Tether’s association with Tornado Cash, a privacy-enhancing platform on the Ethereum network.”OFAC, an agency within the U.S. Treasury, sanctioned Tornado Cash in 2022, claiming it was a key tool used by malicious actors to launder money. At the time, Tether said it would…
Solana’s fees and transactions were higher than other top L1s. The price of SOL may rise to $120, but may fall before then. Among all top layer 1 (L1) blockchains, only Solana (SOL) recorded increases in all metrics. AMBCrypto confirmed this after proper investigation of the post by The Block Research. According to the data provided, other L1s such as Ethereum (ETH) and Tron (TRX) have seen a significant increase in stablecoin supply. Solana was no exception, suggesting a surge in interest in the cryptocurrency market. In addition to interest, the growing supply of stablecoins across various blockchains means that…
Kraken, a US-based cryptocurrency exchange, has started demanding additional information regarding self-custodial wallet transactions with its accounts in the UK. Kraken has sent an email to some UK customers informing them that if the required information is not provided, their account may be locked until the required data is provided(…)