Daily crypto: Declining markets – stellar loses the most of the biggest currencies

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Aurumcoin backed by physical gold

There has been a so-called “51 percent attack”, an attack where a hacker or a group of hackers takes control of the mining of a cryptocurrency, on the cryptocurrency aurumcoin. Aurumcoin is a currency that claims to be backed by physical gold and is currently in place 400 among the biggest cryptocurrencies. The hacker started the attack by sending aurumcoin worth $500,000 to the crypto exchange Cryptopia.

Then it looks like the hacker exchanged the aurumcoin to other cryptocurrencies. After that, the hacker took control of aurumcoin’s mining and managed to remove the transaction to Cryptopia. This made the person or group who made the attack to still hold their original aurumcoin, CCN writes.

Stellar loses the most

When we look at the biggest cryptocurrencies, a majority show red numbers over the last 24 hours. Stellar (-5,41%), xrp (-1,82%), ethereum (-1,48%) and bitcoin (-0,42%) have lost in value, while bitcoin cash (+2,18%) has gained in value over the last day.

Bitcoin (-0,42%) is currently trading at around $6,349, which is $40 lower than yesterday.

The cryptocurrencies on top 100 that performed the best during the last 24 hours were etheera (+11,33%) and sirin labs token (+7,44%), and those who performed the worst eternal token (-17,99%) and wax (-17,17%).