Bitcoin SV Struggles with an Ongoing 51% Attack

According to the latest report, Bitcoin SV suffered a 51% attack on Tuesday morning. Unknown persons initiated the attack after compromising transactions to start three shadow forks.  Such attacks aim to secure cryptocurrency blockchains and block other transactions from getting confirmed. Let me explain how. After the attack, tokens overwhelm the network to reorganize transaction records. It then enables the attackers to double-spend and lowers their value as a result. The Attack Affects BSV's Price Forbes has it that the…

Craig Wright Receives A Threat from A Redditor Saying They’d Use BSV to Buy Drugs

Craig Wright is putting much effort into getting rid of drug users from his Bitcoin SV (BSV), a pet blockchain project, but some people are resisting.  In a recent post on Reddit, an individual just dared Wright, saying he will utilize the BSV native crypto asset to purchase drugs. He said that he would use multiple BSV wallets to pay for narcotics and highlighted that it would be near impossible for Craig Wright and the whole BSV team to know…

Roger Ver Tips Bitcoin’s Fork, Bitcoin Cash, To Gain in Popularity

Bitcoin.com's CEO Roger Ver has backed Bitcoin Cash( BCH) to gain in popularity going forward. Mr Ver asserted that BCH aligns best to Nakamoto's vision compared to other Bitcoin Forks. He made these suggestions during an interview with HardForking. A BCH champion, Mr Ver ventured that cryptocurrencies should offer a substitute payment system, but not be another investment instrument. He averred that for us to prevent government control we should use cryptos as money. According to him, using cryptocurrencies for…

Crypto Markets: Price Analysis Of Top Coins In Week Three of February 2020

It has been all smiles and laughs for the crypto community in the last two weeks. Bitcoin has been hovering in the $10 000 marks, a rise that has caused a domino effect to altcoins as their prices increase significantly.  However, this past week (9th-15th Feb), Crypto prices have experienced intense volatility, defying almost all prominent analysts’ predictions.  Take a look at the nitty-gritty details that have been shaping up the crypto markets in the past week. While in that…