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After touching the life long high of $40000. The crypto king. Bitcoin, fell down as much as 11% on Thursday. But what actually happened with Bitcoin? Let's understand.
-> Bitcoin fell as much as 11% on Thursday.
-> The reason of the fall can be explained by a report published by BitMEX,a cryptocurrency exchange and derivative trading platform.
-> A report from BITMEX Research suggested that a critical flaw called "double spend" had occurred in the Bitcoin blockchain.
-> Double spend is a scenario where a user is able to spend their bitcoins more than once.
-> But the CTO of Bitfinex said that a double-spend event did not occur.
Read more about the report here.
