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Ethereum Classic Under Multiple 51% Attacks | Bitcoin News Summary Aug 10, 2020

Source Node: https://99bitcoins.com/bitcoin-news-summary-aug-10-2020/
Time Stamp: August 10, 2020 1:00 AM - Modified On: May 21, 2021 - Published By:
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 Ethereum Classic has suffered its second 51% attack in less than a week, bringing the ongoing security of the network into question. During the attack, the offending miner managed to double-spend $5.6 million worth of ETC after spending only $200,000 to acquire the hash power for the attack. The ETC team was advising its clients to halt interactions with the network while corrective steps were taken. The US branch of global cryptocurrency exchange, Binance has halted all trading and orders following an incident. CEO Catherine Coley tweeted, “Your funds

Bitcoin Black Friday 2020 Will Host Major Discounts For BTC Payments

Source Node: https://bitcoinmagazine.com/articles/bitcoin-black-friday-2020-will-host-major-discounts-for-btc-payments?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-black-friday-2020-will-host-major-discounts-for-btc-payments
Time Stamp: August 4, 2020 4:10 PM - Modified On: May 21, 2021 - Published By:
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Before Bitcoin was a movement, it was a digital currency. While the store-of-value aspect of Bitcoin gets highlighted often, the permissionless payments side often doesn’t receive the attention it deserves. In 2012, Jon Holmquist embraced the Black Friday holiday in order to help Bitcoiners showcase the advantages of their favorite technology, launching BitcoinBlackFriday.com and hacking a mainstream cultural moment into a tool for Bitcoin adoption. In years past, thousands of merchants have participated in Bitcoin Black Friday, offering special discounts for those willing to pay in BTC. P2P marketplaces have

Visa And MasterCard Taking Big Steps For Mass Crypto Adoption

Source Node: https://insidebitcoins.com/news/visa-and-mastercard-taking-big-steps-for-mass-crypto-adoption
Time Stamp: August 1, 2020 9:16 AM - Modified On: May 21, 2021 - Published By:
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Visa and Mastercard stand as global leaders in the payment services industry, and have been taking steps to accelerate crypto payment processor support. They did this through opening up new options for its global user base in regard to payment. Both Visa and MasterCard announced their own projects and collaborations for the use of cryptocurrencies back in July, which is driving crypto adoption to new heights. The Giants Starting To Take Notice With two of the world’s largest traditional payment processors holding a positive sentiment for crypto payment platforms and