51 Percent Attacks, Bancor Launches New Wallet: Best of the Week

Verge and Electroneum attacked

Last week saw reports of 51 percent attacks on two up and coming Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term.

Bitmain was blamed by some on the attack on Electroneum, while Verge was said to be undergoing a hard fork to fortify its defences.

Deutsche Bank shuffling board

As the bank's shares reach all-time lows, it is rumoured that it has acquired the services of former Merrill Lynch CEO John Thain.

Deutsche has been cutting jobs on a massive scale as its value has tanked to below levels seen in the midst of the 2008 financial crisis.

Bitcoin reveals all

A study by Ph.D. economist Gina C. Pieters has shown that Bitcoin can be used to measure real exchange rates despite the efforts of governments to hide them.

The detailed research paper was presented at the annual conference of the Royal Economic Society.

Bancor makes token conversion easy

Swiss cryptocurrency exchange Bancor has launched a new wallet which allows users to convert between more than 100 cryptocurrencies with relative ease.

Bancor is a non-profit foundation that made over $135 million in its 2017 initial coin offering.

This is Africa

Last week we published a detailed look at the cryptocurrency industry in the continent of Africa.

The mobile phone industry brought internet connectivity to large areas of rural Africa, and now South Africa, Kenya and Ghana are leading the way in the adoption of Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term technology.

Saxo Bank launches new platform

Danish multi-asset brokerage Saxo Bank has released a new trading platform that caters to institutional investors called SaxoTraderPRO.

Finance Magnates spoke to Christian Hammer, the company's Head of Platforms, to get a detailed description of the product.

Brian Myers leaves GKFX

Myers resigned as CEO of the brokerage after only a few months.

He said: "Whilst I look forward to my next role immensely, I’d like to thank GKFX’s global workforce and wish them well for the future."