USA

51-percent-at
2026-07-23 23:20:16

What a 51% Attack Means and Why It Can Rewrite a Blockchain

A 51% attack happens when miners or validators control more than half of a network’s power, allowing transaction censorship and double-spending. The guide reviews how it works, major cases, and why attacking Bitcoin is so expensive.

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What a 51% Attack Means and Why It Can Rewrite a Blockchain
Tether
2026-07-23 09:05:13

Bloomberg report says Tether gained key advantages as U.S. stablecoin bill took shape

A Bloomberg investigation says the final version of the GENIUS Act, the first U.S. federal framework for stablecoins, ended up containing several provisions that benefited Tether after months of behind-the-scenes negotiations around Donald Trump’s return to office. Citing interviews, lobbying disclosures and court filings, the report says Howard Lutnick and later White House aide Bo Hines played central roles in pushing for softer requirements on foreign issuers, narrowing issuer liability in decentralized finance, and preserving a three-year compliance transition period that Tether wanted. Bloomberg also traces a series of business moves over roughly 18 months: Cantor Fitzgerald’s $600 million convertible-debt deal tied to a 5% stake option in Tether, Tether’s $775 million investment in Rumble, Bo Hines’ move to Tether after the bill was signed, and a later Tether loan to a trust benefiting Lutnick’s children. Tether denied any improper lobbying and said the law does not give it special treatment. The Commerce Department said Lutnick complied with ethics commitments and did not work on the stablecoin provisions of the bill. The White House did not comment, and Hines did not respond.

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Bloomberg report says Tether gained key advantages as U.S. stablecoin bill took shape