Bitcoin SV network suffered from a 51% attack, and the Rothschild investment fund invested in a crypto project

Bitcoin SV network suffers from 51% attack

Bitcoin SV suffered from a 51% attack, which resulted in criminals gaining control of the network. About one hundred blocks and 570 thousand cryptocurrency transactions were compromised.

“BSV is going through a massive 51% attack. After an attempted attack yesterday, some serious hashing power was unleashed today at 11:46AM and attackers are succeeding. Over a dozen blocks are being reorgd & up to 3 versions of the chain being mined simultaneously across pools,” CoinMetrics network data product manager Lucas Nuzzi wrote on Twitter.

He also noted that there is no data yet on who was behind the attack. CoinMetrics is researching potential criminals in search of “traces of double spending on the stock exchange.”

Rothschild Investment Fund invested in Aspen Digital crypto project

Jacob Rothschild’s investment fund RIT has invested in the Hong Kong cryptocurrency project Aspen Digital. The company is developing a digital platform for wealthy investors to manage digital assets.

RIT Capital Partners has become the lead investor for the $8.8 million round. Aspen Digital will focus on family funds and asset management companies operating in the European Union, Asia and the Middle East.

The Hong Kong crypto project will offer consulting services to its clients. In addition, he will take control of compliance with local laws and will bear the operational risks of the counterparty.

US Senator criticizes US Congressional plan for expanded taxation of digital currencies

Pat Toomey, Senator from Pennsylvania, criticized the US Congress initiative to tax digital currencies. According to the politician, the proposals of the legislative body are “unrealizable”.

The politician believes that Congress should not rush into “this hastily designed tax reporting regime for cryptocurrency, especially without fully understanding the implications.”

“Simply put, the text is unworkable. I plan to offer an amendment to fix it,”said Toomey.

Senator’s criticism was provoked by the definition of a broker. Toomey considered it too broad and noted that it could affect miners, whose activities should be regulated by different regulations. In addition, the politician pointed out the possible difficulties of non-custodial services in fulfilling the proposals of the US Congress.