We can draw many lessons from the GFC of 2008-09. Before everything crumbled, the so-called global banks, too big to fail, lent out money to unqualified borrowers and because they couldn’t pay back their monthly obligation, the house of cards fell, pushing the global economy into a recession. Six weeks later, we had the Bitcoin whitepaper, and it has been a roller-coaster ever since. Continue reading Ripple (XRP) Draw-downs, is CoinBase a Systemic Risk?
In the wake of a 51 percent attack on ethereum classic (ETC), the manager of an investment vehicle that holds the cryptocurrency has been fielding inquiries from investors looking to understand if the underlying assets in the fund are safe, CoinDesk has learned. Continue reading Grayscale Assures Investors: Ethereum Classic Trust Funds Not at ‘Direct Risk’
There was a daily close below the $0.3000 support in ripple against the US Dollar. The XRP/USD pair declined further and broke many important supports near the $0.2900 level. Sellers were able to clear the key $0.2940 support and the 100 hourly simple moving average. It opened the doors for more losses and the price declined below the $0.2900 support level. It traded to a new monthly low at $0.2867 and it seems like sellers are in full control. At the moment, the price is consolidating losses above $0.2870, with no bullish angle. Continue reading Ripple Price Analysis: XRP Remains at Risk of Further Declines
More than two dozen Proof-of-Stake (PoS) cryptocurrency networks are vulnerable to what has been dubbed a “fake stake” attack. The vulnerability allows a node with a very small stake to overwhelm competing nodes with false data and essentially crash them. Once competing nodes are gone, the attacking node can have a majority of stake on the crypto network, enabling it to conduct a 51% attack as the only validating node. Continue reading 25 Crypto Networks Vulnerable to ‘Fake Stake’ Attack, are Your Funds at Risk?