Bitcoin Cash network under attack

ViaBTC reports on Bitcoin Cash network being under transaction malleability attack
07 August 2017   2298
Bitcoin Cash

A new cryptocurrency representing a hard-forked version of Bitcoin, different from it in the blocksize limits

Last weekend, the Bitcoin Cash network was attacked. During the attack the unknown hackers took advantage of the vulnerability of transactions' plasticity, as reported by the Chinese mining pool ViaBTC on their social network: 


Distributed database that is used to maintain a continuously growing list of records, called blocks

Transaction malleability is the ability of someone to change unconfirmed transactions without making them invalid, which changes the transaction’s txid (an identifier used to uniquely identify a particular transaction), making child transactions invalid.


Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen

The funny thing is that the problem could be fixed by the Segregated Witness protocol, which had to be activated in the Bitcoin network this month. The Bitcoin Cash supporters argued that SegWit was not so important as, for example, larger blocks, and the problem itself can be solved in other ways. Now these statements are the source for jokes for Bitcoin Cash haters: 

According to the updated information from ViaBTC, now the withdrawals suspended are resumed on the exchange.

Binance to Spread Crypto Fiat Wings

The list of upcoming jurisdictions was found by the Block
18 January 2019   62

The Block has gained access to the list of jurisdictions in which the largest cryptocurrency exchange Binance intends to launch fiat trading platforms. The latter use technology Binance, but will be separate legal entities.

Alleged Binance New Operation Jurisdictions
Alleged Binance New Operation Jurisdictions

In 2019, the exchange allegedly intends to launch full-scale activities in Malta and in Singapore. At the same time, South Korea, Liechtenstein, Russia, Turkey and Argentina are in the plans.

Note that in October last year, such a platform appeared in Uganda, and just a few days ago - on the island of Jersey.