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Two Obsolete Blocks on the Bitcoin Blockchain


BitMEX Research found two outdated blocks on the Bitcoin Blockchain. What does this mean?

Obsolete blocks, a danger for Bitcoin?

First of all, obsolete blocks, or Stale Block, are blocks that are no longer part of the current Blockchain because they were overridden by a longer chain. Let’s remember that the Bitcoin Blockchain combines under the underlying rule that the longest chain wins.

The obsolete Blocks in the Blockchain themselves indicate a bad propagation of the network. As BitMEX Research explained to Decrypt, they result in wasted work, less proof of work, which can make the network cheaper to attack.

In this way, yesterday BitMEX Research reported on Twitter that two obsolete blocks were found at a height of 650,473 and 650,491, respectively. However, BitMEX reported not having recorded a double spend.

This does not always happen; last time two obsolete blocks were found on the Bitcoin Blockchain in August and another in July. So, although it is not necessarily dangerous, it can affect the network.

IRS Quickly Invests in Your Project to End Monero

As you may recall, earlier this month the US Internal Revenue Service (IRS) offered incentives for projects focused on ending crypto privacy in Monero (XMR) to be developed.

And, without wasting a second, he announced that two companies have already been chosen for the project and they are nothing more and nothing less than Chainalysis and Integra FEC.

Crypto problems in Ethereum 2.0

Yesterday Spadina, the Ethereum 2.0 testnet, launched and immediately ran into some issues. Specifically, Danny Ryan, lead developer of the project, pointed that it will take more than a crypto dress rehearsal.

Basically the Ethereum 2.0 developers have already had to schedule another dress rehearsal, called Zinken, which will take place at the end of next week.

YouTube once again lashes out at the crypto community

Yesterday YouTube decided to permanently expel Davinci Jeremie, a Bitcoin youtuber with 82,000 followers, from the platform for not complying with its Guidelines and Terms of Service in the Community.

It is not the first time that YouTube has turned its back on the crypto community, however, the latest action seems to be final.

Jeremie reported the situation on Twitter and claimed to have tried to appeal YouTube’s decision but was unsuccessful. Clearly dissatisfied with the email, Jeremie added: “I only hit you on the head with guidelines and I don’t show you how he violated them because I don’t want to be sued.”

Terror debate in the United States, how did the crypto community react?

Yesterday there was a heated debate between Donald Trump and Joe Biden that left much to be desired and the world made it known through social networks; especially Twitter.

For his part, Anthony Pompliano, co-founder of Morgan Creek Digital, public on Twitter his disappointment: “It’s pretty crazy that these are the two best people our country could find to be president.”.

In this way, the United States elections have caused a significant increase in volatility in markets around the world, but what about crypto?

Well, Bitcoin in particular has once proven to be an attractive investment. In fact, as a fun fact, the last time there was a presidential debate in the United States, 2016, Bitcoin was valued at $ 630.

In this way, crypto Twitter pointed out that it is better to spend time buying Bitcoin than voting for one of the two candidates.

In a few lines …

  • According to CoinTelegraph, Bitfinex partnered with the Celsius Network with the goal of providing its users with an easy way to earn crypto returns from their holdings of Bitcoin, Ethereum, and XRP.
  • The crypto hacker KuCoin continues to launder the stolen cryptocurrencies on decentralized exchanges. Elliptic takes a look at the case and found that it has sold $ 13.2 million in crypto.

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