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[SuperBazooka]

Website Outlines The Cost of 51% Attack on Altcoins: It’s Lower Than You Think
A website has been created that estimates the cost of a 51% attack on different cryptocurrencies, allowing attackers to maliciously double spend, meaning to spend the same balance twice. The site developer who goes by /u/xur17 on Reddit spoke to CCN about their motivation for creating the site:

“There was an attack against Bitcoin Gold a few days ago, which made me curious what the cost of an attack would be with rented hashing power. I did the math and was honestly kind of shocked – someone could attack a cryptocurrencies worth close to a billion dollar for < $10k an hour and even less than that if you include the block rewards.

This got me to calculate the same figures for other coins, and again it was cheaper than I thought it should be. The goal of the site is to drive more attention to what I see as a pretty glaring problem with these smaller coins. Hashing power is easily retargetable, so not only can people rent hashing power, the larger mining pools can redirect hashing power at smaller coins for a few hours to attack them.”

The picture below is taken from the crypto51 website which was posted on the cryptocurrency subreddit of Reddit yesterday. While other websites have much higher estimates for the cost of a 51% attack, they did not factor in the possibility of renting the mining equipment instead of buying it.

Cost of 51% Attack https://www.ccn.com/website-outlines-the-cost-of-51-attack-on-altcoins-its-lower-than-you-think/


 

[babicena14]

Survey: Three out of Ten Germans Are Considering Crypto Investing.
https://cointelegraph.com/news/survey-three-out-of-ten-germans-are-considering-crypto-investing

[zhengqi]

  BitBay Forced to Move to Malta Because of Polish Banks  

BitBay, the largest cryptocurrency exchange in Poland, has decided to suspend its activities in the country - simultaneously starting business in the jurisdiction of the Republic of Malta, due to banks no longer cooperating with the exchange. The move was announced May 29th, and up to the end of May 31st, users will be able to use all functions of the exchange in Poland.

you can find more here: https://cryptonews.com/news/bitbay-forced-to-move-to-malta-because-of-polish-banks-1894.htm

[Hoofprint]

South Korea’s National Assembly Officially Proposes Lifting ICO Ban

South Korea’s national legislature has officially proposed to allow domestic initial coin offerings, effectively lifting the ban imposed by the government in September last year. With the lack of proper guidelines, South Korean companies have been migrating abroad to launch their token sales.

https://news.bitcoin.com/south-koreas-national-assembly-officially-proposes-lifting-ico-ban/

[JPSelzer]

South Korea May Soon Legalize ICOS.
http://bitcoinist.com/south-korea-may-soon-legalize-icos/

Stablecoin analysis: panacea to crypto volatility or disaster waiting to happen.
http://bitcoinist.com/stablecoin-analysis-panacea-to-crypto-volatility-or-disaster-waiting-to-happen/

[cxboyminer]

Germans show appetite for crypto investments

A survey conducted in February-March 2018 by Postbank, a German bank, indicates that at least one in three Germans are interested in investing in cryptocurrency.

Read more: https://medium.com/@lendoplatformltd/germans-show-appetite-for-crypto-investments-b54ed386d23f

[esakovv]

On May 29, Ethereum Classic hosted a hardcore, designed to remove the so-called "complexity bomb".

This fork was an update of the network and did not provide for the separation of the detachment. As a result of the upgrade, the "complexity bomb" was successfully eliminated.

[esakovv]

President Xi Jinping for the first time in a positive way publicly spoke about the technology of the distributed registry, recognizing its breakthrough potential, reports CoinDesk.

[BitBay*]

[BitBay] Major Polish Cryptocurrency Exchange Setting Up In Malta.

In accordance to previous announcements, BitBay exchange, the biggest in Poland, has decided to suspend the activity of an exchange in Poland. From now on, our exchange will be operated by a new supplier in the jurisdiction of the Republic of Malta, but still will use the bitbay.net domain name and BitBay trademark.
Our relocation comes amid a wake of toughening policy from the Polish government toward cryptocurrencies.

Due to many questions about our transfer to Malta, we publish a list of information that we would like to clarify. What if you are moving with BitBay to Malta? What if you do not decide to move with BitBay to Malta? Please, read more https://buff.ly/2IXhdp1 .

For the sake of proper communication, we would like to ask you for feedback. Do you have any objection about moving to Malta? Please, make us know, to improve the communication! We would be very grateful for any information.

[berezov_petro]

Japan's FSA Bans Private Cryptocurrencies

The country known as the most influential proponent of virtual currencies is pulling the plug on some of them – particularly those which operate in a highly anonymous manner and offer rich privacy features.

Read more:  https://www.investopedia.com/news/japans-fsa-bans-private-cryptocurrencies/#ixzz5GzUqAOrP

[JPSelzer]

From 12:00, May 30 to 18:00, May 31 (GMT+8), deposit EOS to your Huobi Pro account and get to share the airdrop pool of 10,000 Huobi Tokens, proportional to the EOS net deposit you will have (EOS deposit amount — withdrawal amount)!
https://medium.com/@huobipro/deposit-eos-and-win-10-000-huobi-tokens-4b52a0252e68

[Hoofprint]

EOS Is Coming, If Anyone Can Figure Out How to Vote

After a year-long initial coin offering (ICO), what has perhaps become the most hotly anticipated blockchain is scheduled to launch on June 2.

That blockchain is EOS, which has raised more than $2 billion in its token sale for Block.one, the company that created what's being touted as a dramatically more scalable and user-friendly version of today's blockchains. Those assertions rest on the project's consensus algorithm, delegated proof-of-stake (dPoS), whereby a set number of nodes – in the EOS case, 21 – will be chosen to act as validators (or "block producers").

https://www.coindesk.com/eos-coming-anyone-can-figure-vote/

[cxboyminer]

Over $600 Billion in Cryptocurrencies Traded in May

Cryptocurrency exchange tracker CoinMarketCap reported Wednesday that more than $606 billion in 1,633 different cryptocurrencies changed hands in May. The total is less than half the $1.4 trillion in more than 1,500 cryptocurrencies traded in April.

Read more: https://247wallst.com/banking-finance/2018/05/30/over-600-billion-in-cryptocurrencies-traded-in-may/

[zhengqi]

  S Korean Regulator Unmoved by Parliamentary Call to Lift ICO Ban   

South Korean financial regulators have poured cold water on calls from a parliamentary committee that wants to lift the country’s ban on initial coin offerings (ICOs).
Per Money Today, the regulatory Financial Supervisory Service (FSS) is not prepared to heed the committee’s calls at this stage. The media outlet quotes a FSS official as saying, “We will have to listen to the recommendations of the special committee and carefully review them. However, we are still taking a negative stance toward ICO permission at the moment.”

you can find more here: https://cryptonews.com/news/s-korean-regulator-unmoved-by-parliamentary-call-to-lift-ico-1889.htm

[Alt_Cool]

SibCoin is going to launch demo wallet. Where everyone can create tokens on their blockchain! So it will give a big push them! So last week I'm buying them!

[babicena14]

Crypto On the Go: Prague Subway Gets 10 New Bitcoin ATMs
https://bitcoinmagazine.com/articles/crypto-go-prague-subway-gets-10-new-bitcoin-atms/

[Gabri]

Hackers broke into the leading banks of Canada and require $1 million in cryptocurrency

The attackers gained access to the personal data of tens of thousands of Bank of Montreal and Simplii Financial clients and demanded $1 million to avoid their disclosure.
Representatives of the Bank of Montreal claim that they have no official confirmation of the leak. At the same time hackers attached to the letters some unencrypted names, insurance numbers and answers to security questions of a number of customers. Moreover,they even described how the banks were hacked.
Canadian law enforcement officers have already joined the investigation of the crime, but the identity of hackers has not been established yet
https://forklog.com/vzlomany-kanadskie-banki-bmo-i-simplii-hakery-trebuyut-ot-nih-po-1-mln-v-kriptovalyute/

[Gabri]

Bithumb exchange will reduce the limits on withdrawal of funds for unverified users.

Representatives of the trading platform explained that unconfirmed accounts can be used for financial crimes. They did not specify to what level the limits will be reduced.
https://anycoin.news/2018/05/29/bithumb-kyc/

[Gabri]

Developers hardware wallet Ledger announced early support for the cryptocurrency Peercoin.

The application for Nano s devices is available in the Ledger Manager. Next week will be added altcoin Wanchain.
https://neironix.io/ru/news/1533

[kam2446]

- Currencies Direct successfully tested the xRapid technology from Ripple
British company Currencies Direct successfully conducted international transactions through the xRapid platform, which was presented by the developers of Ripple.
you can find more here: https://uniton.io/en/news/Top-News-Daily-30-05-2018