Block reward halvings cut the rate at which new coins are generated on a given blockchain by 50%. Such events, known jokingly as “halvenings,” have long been anticipated by cryptocurrency traders as catalysts for pushing up the price of their cryptocurrency holdings. Past attempts to predict when Bitcoin’s (BTC) price would increase in relation to halvings have proved inconsistent at best. However, few would be willing to quickly discount the mechanisms described in the law of supply and demand. All things being equal, as the number of coins available on the market decreases, the demand for those coins — and …

Unknown hackers have attempted to launch a second 51% attack on Vertcoin (VTC) but ended up paying for the privilege out of their own pockets. As Vertcoin’s lead maintainer James Lovejoy revealed in a report on the attack on Dec. 2, a malicious entity targeted cryptocurrency exchange Bittrex in order to manipulate the Vertcoin blockchain. Hackers paid at least $440 to attack VTC Vertcoin forked off from Bitcoin (BTC) in 2014 and experienced a major attack in December last year, during which hackers stole funds worth $100,000. This time, however, it appears the exploit was much less successful. “Based on …

The official Twitter account of Vertcoin, a peer-to-peer digital currency and software project, was compromised earlier today in an attempt to carry out a Bitcoin (BTC) scam. On May 1, the Vertcoin Twitter account posted an announcement of a cryptocurrency giveaway in celebration of Vertcoin’s success. The tweet promised to transfer 10 BTC to the winner, which would be announced on May 3. To enter the giveaway, the fraudsters asked users to send 0.005 BTC to an address they cited in the post: Hey, everyone! Vertcoin and staff are pleased to announce that we’re doing a 10 BTC giveaway to …