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Bitcoin: How Likely Is a 51 Percent Attack? (November 24, 2014)

In June 2014, the mining pool Ghash.IO briefly controlled more than half of all mining power in the Bitcoin network, awakening fears that it might attempt to manipulate the blockchain, the public record of all Bitcoin transactions. Alarming headlines splattered … Continue reading

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Turnover in Fedwire Funds Has Dropped Considerably since the Crisis, but It’s Okay (August 25, 2014)

The Fedwire® Funds Service is a large-value payment system, operated by the Federal Reserve Bank of New York, that facilitates more than $3 trillion a day in payments. Turnover in Fedwire Funds, the value of payments made for every dollar of … Continue reading

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