BitMex Insurance Fund Can Finance 51% Attack on Bitcoin Cash For a Year

Hong Kong-based trading platform BitMEX owns so much Bitcoin that it could launch multiple 51 percent attacks against some altcoins for months. Bitcoin Insurance Fund Worth $76 Million Those were the results of calculations from social media commentators this week as it emerged BitMEX’s Insurance Fund now contains 21,350 BTC ($75.9 million). The “monstrously large” […]

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Bitcoin 51% Attack is Unrealistic, New Study Concludes

A Bitcoin 51% attack would be futile for attackers as it would require “significant expenditure” and “little financial returns,” according to a new study, which concluded that Bitcoin is secure. Bitcoin 51% Attack Requires ‘Significant Expenditure’ Professor Saravanan Vijayakumaran, an Associate Professor of the Department of Electrical Engineering at the Indian Institute of Technology (IIT) Bombay […]

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