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Bitcoin News Summary – September 24, 2018

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Here’s what happened this week in Bitcoin in 99 seconds.

A vulnerability in the Bitcoin software was revealed this week but quickly patched in a later version. Although the bug is difficult and costly to exploit, a malicious miner could use it to potentially cause a blockchain split. If you’re running Bitcoin Core, updating to the latest version is strongly recommended.

Ripple’s price was stronger in the week on news that the xRapid protocol is nearing completion and the announcement of Ripple’s new remittance partnership with America’s PNC Bank.

Bitcoin mining manufacturer Bitfury announced a new line of ASICs known as “Clarke.” Powered by 14 nanometer chips, Clarke will reach a hashrate up to 120 gigahash per second at a claimed energy efficiency of 55 joules per terahash.

Bitmain announced its own next-generation ASIC chip, BM1391, for mining cryptocurrencies using the SHA256 algorithm. The  7 nanometer chip is optimized for maximum energy efficiency consuming as low as 42J/Tera hash.

Japan’s Zaif exchange was hacked for nearly 6,000 bitcoins, currently worth nearly $40 million, plus large amounts of BCH and Monacoin. Total losses are estimated at $60 million. The hack occurred despite tight new exchange regulations in Japan, following a half billion Dollar hack in January.

And finally, the European policing agency, Europol, announced on Thursday that its research found zero terror attacks across Europe linked to Bitcoin.

That’s what happened this week in Bitcoin. See you next week.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital. 99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.

Having delved into futures trading in the past, my intrigue in financial, economic, and political affairs eventually led me to a striking realization: the current debt-based fiat system is fundamentally flawed. This revelation prompted me to explore alternative avenues, including investments in gold and, since early 2013, Bitcoin. While not extensively tech-savvy, I've immersed myself in Bitcoin through dedicated study, persistent questioning, hands-on experience with ecommerce and marketing ventures, and my stint as a journalist. Writing has always been a passion of mine, and presently, I'm focused on crafting informative guides to shed light on the myriad advantages of Bitcoin, aiming to empower others to navigate the dynamic realm of digital currencies.

View all Posts by Alexander Reed

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