NEW YORK: A volatile day on Wall Street saw US stocks swing to a negative finish after US President Donald Trump cancelled a planned June summit with North Korean leader Kim Jong Un.
The major indices rebounded off the day's lows but were still negative due to falling oil prices and persistent ...
ISTANBUL (May 24): Turkey's lira weakened more than 3% on Thursday, giving up a large chunk of the gains it made after the central bank raised interest rates by 300 points a day earlier, as investors bet another hike would be needed to tame the sell-off.
The central bank raised its top interest rate to 16.5% at an extraordinary meeting on Wednesday in a bid to break a relentless, weeks-long fall in the currency. The lira had depreciated as much as 23% so far this year before the bank's move.
It seems that proof-of-work (PoW), the consensus protocol behind Bitcoin, isn’t ideal for smaller cryptocurrencies, because they’re far more vulnerable to what are called 51 percent attacks. At least five PoW digital currencies have been affected by such attacks in the last two months. Verge Currency (XVG) and Electroneum (ETN) both suffered 51 percent attacks last month causing a theft of more than a million dollars. On Tuesday, Verge suffered another attack of the same kind — resulting in a theft of more than 35 million XVGs worth over $1.7 million at the time. Monacoin reportedly continues to suffer from a 51 percent attack… This story continues at The Next Web