Chain News Daily Today TheBitTimes.com

Auction-as-a-service provider Bounce Finance says it is “working on additional auction utilities and system improvements” after it suffered a distributed denial-of-service (DDoS) attack during a public token sale earlier today. According to the company’s X (formerly Twitter) account, it fell victim to “a coordinated attack orchestrated by miners and highly technical devs alongside with DDOS attack ” which “disrupted user access and affected the auction’s integrity.” The attack happened during the public sale of BitStable’s BSSB token and, according to the decentralized protocol, saw “an unauthorized party acquiring the majority of the available supply.” It said that the issue was caused by a combination of a DDoS attack and the use of multiple wallets interacting directly with the contract. In response, it has made the “ difficult decision” to burn 75% of the BSSB tokens involved in the auction . This apparently “effectively multiplies the participation cost for the impli...

In data referenced by Bloomberg Intelligence, it was reported that public miner s now make up 28% of Bitcoin’s global hash rate. Jamie Coutts, the analyst, shares that this presents an evolution to the industry, introducing new opportunities and challenges to the network, including higher prices in the West and potential to overload fragile energy grids in more affordable countries. Small scale miners are still critical Simultaneously, Coutts shares that small-scale miner s are still critical to ensure the crypto industry remains decentralized and less fragile. According to @hashindex, public miner s are 28% of #Bitcoin's global hashrate. The industry is evolving, with public co's and nation-states now integrally involved. This presents opportunities & challenges to the network. 1/ pic.twitter.com/S6bFNTknMO — Jamie Coutts CMT (@Jamie1Coutts) September 27, 2023 Unfortunately, on the other side, in many countries, mining is outlawed or economically unfeasible...

Emerging U.S. presidential candidate Vivek Ramaswamy is pro-crypto and accepts BTC for funding his campaigns. Elon Musk has called Ramaswamy a promising candidate in a recent Tweet. However, Ramaswamy does not support stabilizing the dollar against BTC. Among the Re public an candidates that have entered the U.S. presidential race, Vivek Ramaswamy is a rising contender, partly for his conservative views on family and energy policies, but mostly for his farsighted perspectives on financial innovations. For one, he’s an ardent supporter of crypto and divulged that he didn’t think BTC was a security at the Bitcoin 2023 Nakamoto Stage, three months ago. Moreover, the young politician does not shy away from accepting BTC for funding his election campaign. Pushing for a healthier crypto space in the U.S., Ramaswamy has also invested in Bitcoin and Ethereum. However, he did make it clear that he would not, unlike his compatriot Robert F. Kennedy Jr., suppor...