“The past 200 days worth of $XVG transaction history just vanished," tweeted Coinmetrics network data product manager Lucas Nuzzi. "This is likely the deepest reorg that has ever taken place in a 'top 100' cryptocurrency.”
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Bank for International Settlement GM Agustín Carstens thinks Bitcoin is doomed (Photo: Wikimedia Commons)Bank for International Settlements head predicts Bitcoin’s demise
Comparing Bitcoin proponents to a ‘community of online gamers,’ the GM of the central bankers’ bank predicted halvings will doom the largest cryptocurrency
Agustín Carstens told the Hoover Institution that "scarcity and cryptography alone do not suffice to guarantee exchange," suggesting that Bitcoin will break down after future halvings decrease the incentives for mining to simply the transaction fees earned with each block:
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Markets Report: Bitcoin recovers from $29K dip; anger at double spend claim
Troubled times for bitcoin as miner outflows combine with false rumors that the blockchain was compromised for the first time in history
Data from price trackers including CoinMarketCap and TradingView showed a problematic 24 hours for Bitcoin, which looks to end the week in a decidedly more precarious position than that in which it began on Monday.
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Report: Mining pool consolidation threatens Bitcoin security
New research from TokenAnalyst says 5 mining pools now control half of Bitcoin’s hashrate, making 51% attacks a growing concern
Five companies out of China control nearly half of Bitcoin’s computing power, according to a new report released Friday by blockchain analysis firm TokenAnalysis. As a result, Bitcoin’s “trustless network” continues to erode as mining power concentrates into the hands of a few.
