Exchange Says $200K in Ethereum Classic Lost As Blockchain Attacks Continue
by dyornews | Jan 8, 2019 | Cryptocurrency News | 0 comments Cryptocurrency exchange Gate.io said Tuesday that it will absorb the loss of roughly $200,000 worth of ethereum classic ? about 40,000 ETC ? in light of a series of blockchain history rewrites that continue to occur. In a blog post, the exchange said it had confirmed the 51 percent attack ? whereby an entity controls sufficient computing power to alter the network?s transaction history and double-spend coins ? and identified three addresses that it said are tied to the attacker in question. ?Gate.io?s censor successfully blocked attacker?s transactions at the beginning and submitted them to the manual exam. Unfortunately, during the 51% attack, all the transactions looked valid and confirmed well on the blockchain. The examiner passed the transactions. It caused about 40k ETC loss due to this attack. Gate.io will take all the loss for the users,? the exchange said in its statement. The press-time price of ETC is $4.97 per token, according to CoinMarketCap. This article was obtained by us on January 08, 2019 10:28 PM. Browse dyornews.net for complete listings from this source.
Can Ethereum Classic Classic Becomes ETC s Ethereum Classic | Bitcoin Magazine
Aaron van Wirdum (tips) is interested in decentralized consensus, FOSS, privacy in the digital age, censorship resistant payments, and more of that stereotypical Bitcoin stuff. Hodls BTC. Ethereum Classic is preparing another hard fork. It was announced in statements published last week that the project?s development and mining community is committing to a change in its monetary policy by December of this year. Essentially a move to a new protocol, all current Ethereum Classic users and miners should have upgraded their software by then. If everyone does not upgrade their software, the project can split into two incompatible networks, blockchains and currencies. Of course, that is exactly how Ethereum Classic itself broke away from the Ethereum Foundation?s Ethereum last summer. This information was retrieved by us on January 08, 2019 10:28 PM. Have a look at bitcoinmagazine.com for complete listings from this source.
HedgeMaven - Ethereum Classic Price Analysis: ETC/USD At Risk Of Break Below $4.00
Key Highlights Ethereum classic price is under pressure below the $5.00 resistance against the US dollar. There is a major bearish trend line formed with resistance at $4.50 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is likely to struggle above $4.50 and it could even break the $4.10... The post Ethereum Classic Price Analysis: ETC/USD At Risk Of Break Below $4.00 appeared first on NewsBTC. Cryptohopper introduces new crypto trading strategy marketplace CryptoNinjas Cryptohopper, today introduced its brand new Cryptohopper Marketplace. The Marketplace is a collection of trading strategies, which allows people at all. This article was discovered by us on January 08, 2019 10:28 PM. Browse hedgemaven.com for more similar content.
Coinbase Adds Ethereum Classic, Price Jumps 20 Percent | Fortune Close
The cryptocurrency service Coinbase announced on Monday night it would add a fifth digital asset?known as Ethereum Classic?to its trading platform in coming months. The announcement, which came in a Coinbase blog post, saw the price of Ethereum Classic spike from around $13 to over $16 in the hour after the news was announced. As of late Monday night ET, the price hovered around $15.50. Here?s a screenshot courtesy of the price-tracking site CoinMarketCap: Ethereum Classic is an off-shoot of the better known Ethereum, and was created in 2016 by a faction of developers who objected to a modification of the original cryptocurrency. It is currently the 18th most valuable digital currency and its market cap of approximately $1.5 billion is dwarfed by that of Ethereum ($53.3 billion) and of Bitcoin ($117.8 billion). This article was found by us on January 08, 2019 10:28 PM. You may want to visit fortune.com for more from this source.
Coinbase will add Ethereum Classic to its exchange in the coming months TechCrunch
Coinbase may be one of the most-lauded crypto exchanges, but it supports just four coins right now which is far fewer than most others. That?s about to change a little after it announced plans to add Ethereum Classic (ETC), an alternate version of Ethereum, to its service ?in the coming months.? Ethereum Classic was created in June 2016 following a major hack on The DAO, a fundraising vehicle for the project. In short: the Ethereum Foundation created a new version of Ethereum ? known today as Ethereum ? that rescued the lost funds, while those who opposed continued on with the original chain which was known as Ethereum Classic. This piece was retrieved by us on January 08, 2019 10:28 PM. See techcrunch.com for complete listings from this source.
ETC Latest News - Ethereum Classic News Today
Ethereum Classic was born after the ET? hard fork and promptly became one of the most influential cryptocurrencies. Its latest news always attracts the attention of founders and investors from all over the globe. Ethereum Classic's (ETC) price forecast remains an incredibly important part of cryptocurrency world news. This share was retrieved by us on January 08, 2019 10:28 PM. Visit u.today for more.
Ethereum Classic ETC Prices Future | TheIndependentRepublic
Ethereum Classic has a litany of supporters?and opponents. There are few smart contract platforms in operation that are derided so hard by some, and doggedly supported by others. This leads to some interesting conversations when considering the future value of Ethereum Classic. So what do we think? If you buy Ethereum Classic today will you be able to sell it for more later? Let?s take a look at some of Ethereum Classic?s fundamental traits, then try to determine how it is positioned for future success in today?s market. Crypto exchange giant Coinbase just added support for Ethereum Classic. This is the biggest news that ETC has benefited from anytime recently. Coinbase represents a firm foundation for any coin listed thereon. Until recently, only Bitcoin, Bitcoin Cash, Litecoin, and Ethereum have been on Coinbase. And all of these have remained highly relevant in the crypto universe. This entry was first seen by us on January 08, 2019 10:27 PM. Visit theindependentrepublic.com for more similar content.
Ethereum Classic (ETC) Long Term Price Forecast- December 1
Resistance levels: $8, $10, $12 Support levels: $5, $3, $1. The ETC/USD pair was bearish in the month of November 2018. On November 1, Ethereum Classic had an opening balance of $9.06. In the first two weeks of November, the crypto's price was fluctuating above the $9 price level before the outcome of the bearish breakout. Before the outcome of the bearish breakout, the 12-day EMA and the 26-day EMA were horizontally flat. On November 14, the crypto's price was resisted by the 12-day EMA and the price fell in a downward trend to the low of $4.39. In the month of December, the ETC price will continue its downtrend if the price is below the two EMAs. On November 30, the crypto reached a low of $4.62. In other words, ETC has lost 49% of its capitalization in the month of November.Nevertheless, the price of ETC is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal. This article was obtained by us on January 08, 2019 10:27 PM. Check out bitcoinexchangeguide.com for more from this source.
Ethereum Classic Price Chart, Market Cap, Index and News - Investing.com
Position added successfully to: Coinbase has ceased interactions with the Ethereum Classic (ETC) blockchain after the exchange detected a 51 percent attack on the... Just as the recent slide in crypto and tech stocks has put... In 2018, the Internet of Things market has seen the total number... It?s getting rougher out there in the crypto industry -... A Bitcoin Cash battle has engulfed the entire crypto sector.... We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we?ve all come to value and expect, please keep the following criteria in mind: This item was obtained by us on January 08, 2019 10:26 PM. Check out www.investing.com for more similar content.
Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. Ethereum Classic is a continuation of the original Ethereum blockchain - the classic version preserving untampered history; free from external interference and subjective tampering of transactions. We believe the core value proposition of any blockchain is immutability; valid transactions can never be erased or forgotten. Individuals interacting on Ethereum Classic are governed by this reality; Code is Law. This data was discovered by us on January 08, 2019 10:26 PM. You may want to visit ethereumclassic.github.io for more similar content.
Ethereum Classic - A smarter blockchain that takes digital assets further
Put simply, blockchains provide a way to keep track of digital assets (money, things) without the need for intermediaries, such as banks and other financial institutions. Ethereum Classic (ETC) is a smarter blockchain, it is a network, a community, and a cryptocurrency that takes digital assets further. In addition to allowing people to send value to each other, ETC allows for complex contracts that operate autonomously and cannot be modified or censored. This may be best explained with an analogy, imagine Bitcoin as a landline phone?it does one thing very well. ETC is like a smartphone?it can do everything Bitcoin can and much more. This piece was first found by us on January 08, 2019 10:26 PM. Visit ethereumclassic.org for additional posts.
Will Ethereum Classic (ETC) Be DrivenbyEthereum (ETH) Downfall or Is There Something Left for ETC | The Crypto Globalist
Ethereum Classic (ETC) is running on the similar protocol as of Ethereum (ETH) but ETC has pretty differences when compared with ETH. They both differ in their philosophy (i.e. Ideology) but in some way you can that both of these digital assets belongs to same ecosystem. Both the currencies broke after the DAO attack, in which hackers almost stole $50 million of worth currency. But the question remains that; Will Ethereum (ETH) downfall effect Ethereum Classic (ETC)? Just like BTC has an effect on BCH. Well at the moment the market is still down and Ethereum Classic (ETC) is also facing the bear trend. But apart from the market, we have seen Bitcoin and Ethereum?s legacy almost started to fade away due to technologies introduced and provided by XRP (XRP), Stellar (XLM), IOTA (MIOTA), and such other famous altcoins. Still Bitcoin is the leader but the way it has been hit by the bear market, we can surely assume that Bitcoin?s future is in doubt, because the cryptocurrency industry has largely expanded and assets like XRP and XLM are a real threat to the legacy of Bitcoin (BTC). This article was found by us on January 08, 2019 10:26 PM. You may want to visit cryptoglobalist.com for additional posts.
Coinbase Wallet Adds Support for Ethereum Classic and More that 100k Other ERC20 Tokens | CoinSpeaker
In the wake of upcoming upgrade Coinbase Wallet will serve Ethereum Classic (ETC) and all of the 100,000+ ERC20 tokens available on the Ethereum blockchain, the official statement revealed. With more and more digital assets incrementing the offerings of crypto-exchange, Coinbase has all the chances to beat its competitors ultimately conquering rigid dominance over the industry. Today the ambitious exchange indulges wide swaths of passionate adopters with an additional portion of good news. Following three months since the exchange listing, Coinbase Wallet finally adds support for Ethereum Classic (ETC). This entry was found by us on January 08, 2019 10:26 PM. Visit www.coinspeaker.com for more.
One Ethereum Classic Dev Team Quits With Empty Pockets, Others Stay
Follow us on Twitter or join our Telegram After news broke on Monday that the Ethereum Classic (ETC) development team ETCDEV has been shut down as a result of a lack of money to fund the operation, the community was quick to clarify that other teams are still in the game. According to the official website of the Ethereum classic project, "ETCDEV is a leading Ethereum Classic development company with a strong focus on decentralized computing providing long term support for the ETC blockchain." Igor Artamonov, founder & chief technical officer of ETCDEV wrote in the announcement that the team has tried to secure investments to fund their own operations, but that this effort has been unsuccessful. Artamonov also noted that the crypto market crash was part of the reason for why the group, comprising of ten people, has found itself in an increasingly difficult financial situation in recent weeks. This article was first found by us on January 08, 2019 10:26 PM. See cryptonews.com for more similar content.
Ethereum Classic ecosystem crippled as ETCDEV plan Emerald, SputnikVM and Orbita migration - AMBCrypto
Bitcoin Cash [BCH] Technical Analysis: Bear picks up the pace taking over the market Ethereum Foundation announces $5 million grant to Parity Technologies Ethereum [ETH/USD] Technical Analysis: Bull and Bear to collide in the market again Bitcoin [BTC], Ethereum and Stellar Lumens supported debit card revealed Bitcoin [BTC/USD] Technical Analysis: The bulls have come to stay this time Ethereum Foundation announces $5 million grant to Parity Technologies Ethereum [ETH] Rinkeby Testnet hardfork will land on January 9, 2019, says core developer Ripple and XRP would develop explosively in the future, says Japanese lawmaker and ex-banker This piece was discovered by us on January 08, 2019 10:25 PM. Have a look at ambcrypto.com for more.
Coinbase Suspends Ethereum Classic Following 51 Percent Attack
Coinbase has ceased interactions with the Ethereum Classic (ETC) blockchain after the exchange detected a 51 percent attack on the network. Following the discovery of a ?deep chain reorganization? of the ETC blockchain, Coinbase suspended Ethereum Classic withdrawals and deposits. Also Read: Major Mining Pools Have a ?High Die-Off Rate? Study Reveals Coinbase has published a blog post titled ?Ethereum Classic ETC is Currently Being 51% Attacked? detailing a malicious attack on the ETC network. The post states that on Jan. 5, 2019, Coinbase detected ?a deep chain reorganization of the Ethereum Classic blockchain that included a double spend.? In order to safeguard customer funds, the exchange ?immediately paused interactions with the ETC blockchain.? The exchange was alerted to the attack by its automated systems, after which the company?s on-call engineers responded and worked to confirm the report. This item was retrieved by us on January 08, 2019 10:15 PM. Visit news.bitcoin.com for more.
Forbes to publish stories on the Ethereum blockchain - The Block
The media company is partnering with Civil, a blockchain marketplace for journalism, to upload some of its content onto the Civil network. Forbes will initially upload cryptocurrency content, but the broad goal is to migrate all of its published content onto Civil and the Ethereum blockchain. According to Civil, its network "lowers the startup cost for media organizations committed to producing ethical journalism and allow them to plug directly into a larger network of potential supporters." Media publications using Civil can pay journalists with its native cryptocurrency, CVL. (Source: Axios) This posting was found by us on January 08, 2019 9:59 PM. Check out www.theblockcrypto.com for more similar content.
Ethereum developers set January date for Constantinople upgrade - The Block
Core developers plan to activate Constantinople, one of Ethereum's largest upgrades to date, on January 16, 2019. The upgrade aims at increasing the efficiency of the Ethereum blockchain while decreasing the mining rewards from 3 ETH to 2 ETH per block. Constantinople was originally planned for release in November of this year. However, issues on the testnet release forced developers to delay the upgrade. (Source: CoinDesk) © 2019 The Block. All Rights Reserved. This share was first seen by us on January 08, 2019 9:56 PM. Visit www.theblockcrypto.com for more.
Ethereum core developers propose activation point for Constantinople hard fork - The Block
Members of the Ethereum core development team has reached an agreement to activate the Constantinople hard fork on block 7,080,000. According to estimates, this means that Constantinople will go live between January 14 and 18 of 2019. Constantinople is one of Ethereum's largest upgrades to date. The upgrade aims at increasing the efficiency of the Ethereum blockchain while decreasing the mining rewards from 3 ETH to 2 ETH per block. The hard fork was originally planned for release in November of this year. However, issues on the testnet release forced developers to delay the upgrade. (Source: CoinDesk) This data was discovered by us on January 08, 2019 9:56 PM. Visit www.theblockcrypto.com for more.
Ethereum Constantinople: Everything You Need To Know
The Ethereum Constantinople fork is coming soon, and many of you have been asking what that means and if you?ll have to do anything to prepare. Most simply, a fork is an update to the network. It is very similar to how you update your computer or your applications to be more secure or have new features. Have you ever tried to open a Word document or other file and it looked all wonky because it was created in a newer version of Word? Perhaps comments were lost or displayed in a weird font? A hard fork is similar to that. If people are running the old software and the new software and try to talk to each other, things may be missing or get wonky. This data was found by us on January 08, 2019 9:49 PM. Visit medium.com to find more similar content.
Ethereum Classic Suffers Possible 51% Attack, Latest in String of Smaller Coin Attacks
Posted by Joël Valenzuela | Jan 8, 2019 | News | Ethereum Classic has experienced mining abnormalities which may constitute a 51% attack. Recently, Coinbase indicated that it had detected a hashpower consolidation event in Ethereum Classic, with over 51% of the network?s mining power concentrated in a single entity. Coinbase additionally reported the presence of double-spend attacks on the network, as well as deep reorganizations of the chain. Ethereum Classic?s developers, meanwhile, have denied an attack has taken place, insisting a simple consolidation had taken place without a reorganization or double-spend. In addition to Coinbase, exchanges bitFlyer and Coincheck have halted deposits and withdrawals for Ethereum Classic until the situation can be rectified. This article was discovered by us on January 08, 2019 9:38 PM. You may want to visit dashnews.org for additional posts.
Blockchain Video Platform Viuly.io Connects to Ethereum Mainnet
After a successful airdrop to over 900,000 Ethereum addresses in November, Blockchain-based video platform Viuly will connect its blockchain video sharing platform to the Ethereum Mainnet on December 18th. Revolutionary online video ecosystem Viuly has taken the next step in its disruption of the video sharing industry, by connecting its platform at viuly.io to the Ethereum Mainnet on December 18th. According to Ethplorer, the VIU token is now ranked number 1 of the top 50 tokens by transaction count on the Ethereum blockchain. The video platform is now live: advertisers can now deposit VIU and pay for ads, and users can now withdraw the VIU they earn from watching videos, direct to their Ethereum wallets. This data was discovered by us on January 08, 2019 9:34 PM. Have a look at coinidol.com for additional posts.
Orocrypt Offers Digitized Precious Metals on Ethereum Blockchain
Orocrypt, has announced the launch of its OCG gold backed tokens. OCG tokens are built on the Ethereum protocol, and are compatible with all Ethereum wallets. Ethereum blockchain-based company Orocrypt OCG tokens are 100% backed by gold bullion and each represents ownership of 30 grams of fine gold. Orocrypt will charge a 1% commission fee over gold spot price on the sale of one token or more. There is also a 0.04% transfer fee when the tokens are transferred between wallets. The commissions for purchases involving less than one OCG token range between 5% ( for 0.9 to 0.5 tokens) and 10% (for purchase between 0.1 and 0.5 tokens). This publication was found by us on January 08, 2019 9:33 PM. Browse coinidol.com for more similar content.
The Ethereum Foundation Releases 4th Wave of Grants, Total Awards are Over $3 Million
The Ethereum Foundation has announced the fourth wave of grants offered to 20 various people and entities behind the Ethereum (ETH) blockchain technology, in a press release on Monday, October 15, 2018. The overall amount of the grants is more than $3 million, and the largest grant worth $500,000 were awarded to Prysmatic Labs and Status, as per the press release. Both firms are pushing to create the Ethereum 2.0 ecosystem first disclosed by Vitalik Buterin, co-founder of ETH in November last year. Those who received Grants were divided by the fashion in which they chipped into the creation of the network, such as security, scalability and usability. SpankChain, a platform for adult entertainment, got a grant of $420,000 for acting on "the open-source Software Developer Kit (SDK) for a non-custodial payment channel hub." This information was found by us on January 08, 2019 9:31 PM. Browse coinidol.com for more from this source.
Ethereum Classic Price Analysis: ETC/USD Approaching Next Support Zones
Ethereum Classic suffered a huge drop on a reported attack that rewrote its blockchain history, but the price might still be due for a bounce off nearby support levels. Price tumbled below the mid-channel area of interest around the 5.400 mark on the ascending channel visible on the 1-hour time frame. This puts it on track to test the very bottom of the channel around 4.800 next. The 100 SMA appears to be crossing below the longer-term 200 SMA to indicate that the path of least resistance is now to the downside or that bearish pressure is picking up. This could give sellers more energy to bust through the channel bottom and set off a longer-term slide. This item was first found by us on January 08, 2019 9:30 PM. Check out bitcoinerx.com for more similar content.
Austria's Tourist Office Trials Ethereum (ETH) Crypto, Aims to Reduce Fees
The Austrian National Tourist Office (ANTO) will be one of the first regions in the globe to hold a digital ad campaign that is powered by Blockchain. ANTO is taking part in a pilot with Adbank, an Ethereum (ETH)-based ad platform which is powered by its "ADB token" which targets to lower ad fraud that the firm claims will cost advertisers $51 million daily this year. The platform further aims to lower fees from ad tech middlemen, some of which are increasing the cost of ads by up to 70% or more. The DLT-powered ad campaign has another prudent player in the field with Red Bull Media House offering inventory on the side of the publisher through Bergwelten, their alpine lifestyle publication. This publication was obtained by us on January 08, 2019 9:26 PM. Check out coinidol.com for more.
Ethereum Constantinople Hard Fork Date & Info, Five EIPs & Their Aims
The Ethereum (ETH) Constantinople Hard Fork is a popular subject these days. While Crypto maniacs might have an idea about what is going to occur, normal users are still looking for details. Constantinople has been engrossed last month on August 31st and includes 5 Ethereum Improvement Proposals (EIPs). These proposals are focusing on permanently changing the Blockchain technology with a variety of new retrograde-incompatible upgrades. EIP 145: This is a technical upgrade developed by ETH developers Pawel Bylica and Alex Beregszaszi, which focuses on endowing a more effective information processing method called bitwise shifting. This entry was first seen by us on January 08, 2019 9:25 PM. You may want to visit coinidol.com to find more similar content.
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