Ethereum Foundation Grants $5 Million to Parity Technologies
The Ethereum Foundation has just awarded a $5 million grant to Parity Technologies to support the firm?s work building the blockchain network?s next iteration, ethereum 2.0. The organization announced Monday that the funding is a ?scalability, usability and security? grant, in particular aimed to boost work on Casper, a proof-of-stake protocol upgrade, and the scaling solution dubbed sharding, as well as light clients, developer tools, audits and infrastructure improvements. The grant will be provided in several phases, the foundation said, adding that the first part is already done and the rest will be completed as specific milestones are reached. These include the completion of eWasm compatibility work, shipping a light wallet for mainnet and the completion of the first two phases of the sharding effort. This post was retrieved by us on January 08, 2019 2:03 PM. Have a look at www.coindesk.com for more from this source.
Shock Attack On Ethereum Classic Network
Earlier in the week, Ethereum Classic was at the brunt of a malicious attack by hackers who stole around $460,000 in a 51 percent attack. On 7th January, the attack was confirmed by the operator of the Ethereum block explorer, Bitfly. Because of the currently ongoing potential 51% attack on #ETC we have temporarily increased block confirmations on our ETC mining pool. We will notify you once the network has stabilized again Specifically, there was a 51 percent attack which was successfully executed where the hackers gained the ability to ?reorganise? a blockchain or even replace one with their own version. On top of this, hackers are now able to ?double spend? - as in, the same coins can be used several times on different occasions for maleficent transactions. This is in addition to the number of different chances for the malicious behaviour that the ?reorganisation? granted to the hackers. This information was found by us on January 08, 2019 1:32 PM. Browse cryptodaily.co.uk for complete listings from this source.
Almost $500,000 in Ethereum Classic coin stolen by forking its blockchain
Sign up or login to join the discussions! Dan Goodin - Jan 8, 2019 2:50 am UTC Attackers have stolen almost $500,000 worth of the Ethereum Classic digital currency by carrying out a compute-intensive hack that rewrote its blockchain, officials with Coinbase, one of the leading crypto currency exchanges, said on Monday. The heist was the result of carrying out what's known as a rollback attack, which allowed the attackers to reorganize the Ethereum blockchain, Coinbase security engineer Mark Nesbitt said in a blog post. From there, the attackers were able to "double spend" about 88,500 ETC, meaning they were able to recover previously spent coins and transfer them to a new entity. As a result, the coins were effectively transferred from the rightful recipients to new entities chosen by the attackers. This publication was discovered by us on January 08, 2019 12:56 PM. Visit arstechnica.com to find more similar content.
Ethereum Proof Of Stake and Proof of Work Rewards sheet
This entry was found by us on January 08, 2019 12:26 PM. See cryptocoinwhitepaperss.com for more similar content.
Ethereum Classic Hit by 51% Attack Allegedly Worth $460,000
Please check your inbox for our authentication email. Thank you for registering to Finance Magnates. Please open the email we sent you and click on the link to verify your account. A 51% attack was confirmed to have hit the Ethereum Classic (ETC) network on Monday, January 7th, by Bitfly, the operator of the Ethereum block explorer, the Ethernodes node explorers, and an Ethereum Classic mining pool. We can confirm that there was a successful 51% attack on the Ethereum Classic (#ETC) network with multiple 100+ block reorganization. We recommend all services to closely monitored the chain and significantly increase required confirmations. This publication was discovered by us on January 08, 2019 12:12 PM. Visit www.financemagnates.com for more.
Ethereum Classic s Price Stumbles Amid Suspected 51% Attack
The price of ethereum classic (ETC) is pulling back as a result of a recently reported attack that resulted in a series of blockchain history rewrites. At press time, ETC is trading at an average price of $5.01 ? down more than 7.5 percent in the past 24 hours, according to data from CoinMarketCap. ETC had fallen to an intraday low of $4.93 at 20:00 UTC, which at the time registered a near 10 percent daily depreciation. As can be seen in the above chart, the price of ETC began to see a sell-off after it reached $5.51 at 17:00 UTC yesterday ? its highest price since Dec. 26. Initial reports of the suspected 51 percent attack ? by which an entity controls a majority of a network?s processing power and can then attempt to rewrite its history ? appeared at roughly 5:00 UTC, at which time price was trading at $5.30 and remained stable until 9:00 UTC, when the sell-off began to accelerate. The price would ultimately drop more than 12 percent at 20:00 UTC from its 24-hour high. This post was retrieved by us on January 08, 2019 12:06 PM. You may want to visit www.coindesk.com for more from this source.
51 Percent Attack Hits Ethereum Classic - $1.1M Stolen
It would appear that Ethereum Classic ? ETC ? recently came under attack. An unknown assailant effectively rolled back and changed transactions on the Ethereum network. As a result, some exchanges completely stopped ETC transactions while others implemented longer times for confirmation. This was an effort to avoid being hit while trades process. It leaves many within the cryptocurrency community wondering what happened. As one point, the official Twitter account for ETC shared that a ?possible chain reorganization or double spend attack,? was underway. The currency did say, at that point, that the network appeared to be behaving normally. However, just a few hours later the coin was encouraging exchanges to process trades with caution. This publication was first found by us on January 08, 2019 10:37 AM. See toshitimes.com for additional posts.
Ethereum classic under potential 51% attack, developers deny the attack, Coinbase and Kraken stop ETC trading
A new drama has ensued within the cryptocurrency space. On 5th January 2019, Coinbase detected suspicious activity in the Ethereum classics blockchain. Coinbase security team discovered a series of block rewrites and reorganization on the Ethereum Classics blockchain. The news was confirmed by Coinness who reported about an abnormal increase in the hash rate of Ethereum Classic. According to Coinness the increase was caused by a single mining pool. Chinese blockchain security firm SlowMist was the first one to notify Ethereum Classic devs on the findings. On 1/5/2019, Coinbase detected a deep chain reorganization of the Ethereum Classic blockchain that included a double spend. In order to protect customer funds, we immediately paused movements of these funds on the ETC blockchain. Read more here: https://t.co/vCx89dz44m This publication was first seen by us on January 08, 2019 9:57 AM. Visit blockmanity.com for more.
The State of the Ethereum Network ConsenSys Media
After months of intense attention on blockchain technology and the Ethereum blockchain, we pull together statistics from across the network to provide a snapshot of Ethereum today, its past, and its roadmap ahead. Blockchain technology???and Ethereum in particular???has gained international attention and traction since its release in 2015. In particular, late 2017 and early 2018 saw a massive increase in popular attention due to rapid price increases across the entire crypto-asset ecosystem. In two years, the word ?Ethereum? has been included in over 110 million Google searches. The hashtag #ethereum is tweeted, on average, 20,000 times a day. This article was found by us on January 08, 2019 8:56 AM. Browse media.consensys.net to find more similar content.
Is it worth mining Ethereum in 2018 How much can you make mining Ethereum (ETH News Today) | Smartereum
When it comes to mining of any cryptocurrency, it is important to look into the cost of the cryptocurrency. Once you are able to look at the cost, you would realize whether mining it would be profitable or not. In the last 12 months, cryptocurrency Ethereum has increased by 10 times. Therefore, you might think that it would be worth mining. The truth is that you have to look into the cost and thereafter take a call. Ethereum mining involves verifying the Ethereum transactions in order to earn the cryptocurrency. You need to understand that you are basically lending the processing power of your mining rig in order to verify the transactions. As a set number of transactions are verified, you would be able to earn the cryptocurrency. This article was retrieved by us on January 08, 2019 7:14 AM. You may want to visit smartereum.com to find more similar content.
Why I am Still Optimistic About Ethereum Classic (ETC)
?even after the recently successful double-spending attacks. In the past I have argued that if Bitcoin were to suffer a 51% attack, that would be the end of the experiment. This was in the context of Vitalik Buterin and Vlad Zamfir saying that BTC?s proof of work (PoW) security is the same as Proof of Stake?s (PoS) because, in the end, if there is a reorg, Bitcoin would fork to correct the reorg making it a subjective consensus security model just as Casper?s PoS. (Of course I don?t agree with them, even in the current circumstances.) So, now that ETC has been successfully attacked, these are the questions I make: This entry was first found by us on January 08, 2019 7:14 AM. Check out medium.com for more.
Coinbase suspends Ethereum Classic (ETC) trading after double-spend attacks
Attackers carried out 11 double-spend attacks and stole nearly 88,500 ETC (~$460,000). By Catalin Cimpanu | January 7, 2019 -- 21:56 GMT (13:56 PST) | Topic: Security Cryptocurrency trading portal Coinbase delisted today the Ethereum Classic (ETC) currency after detecting a series of double-spend attacks over the last three days. In layman terms, double-spend attacks are when a malicious actor gains the majority computational power inside a blockchain, which they then use to enforce unauthorized transactions over legitimate ones. According to a security alert published today by Coinbase security engineer Mark Nesbitt, this is exactly what's been happening on the Ethereum Classic blockchain for the past three days, since January 5. This piece was discovered by us on January 08, 2019 7:09 AM. Visit www.zdnet.com for complete listings from this source.
Hold, Hold, Hold Your ETC As Ethereum Classic (ETC) Will Sell Well Above $100 By the End of 2018 - Ethereum Classic Prediction News - Ethereum Classic 2018 Prediction - Ethereum Classic News Today July 4th 2018
Ethereum Classic is on the way to triple digits so if you?re thinking of selling off, don?t. Ethereum Classic has proven to be a rather strong cryptocurrency over the months. The price spike in the wake of the Coinbase listing announcement contributed to reassuring the Ethereum Classic community that the cryptocurrency is a worthy contended. As Coinbase announced that it would be listing Ethereum Classic (ETC), there was an unprecedented positive sentiment in the price and volume of ETC. Ethereum Classic one of the few cryptocurrencies that were bullish on the weekly chart. Before now, Coinbase didn?t announce the listing of a coin until one day ahead. This time, it announced that it would be listing Ethereum Classic (ETC) months before the date. This is a game changer that gave investors the opportunity to buy and hold ahead before the prices skyrocket due to the Coinbase influence. This posting was discovered by us on January 08, 2019 6:58 AM. Browse smartereum.com for more from this source.
Coinbase Suspends Ethereum Classic After Blockchain History Rewrites.
Crypto exchange Coinbase has halted all ethereum classic transactions, withdrawals and deposits due to a series of blockchain history reorganizations on the network. Ethereum classic saw more than 100 blocks ?reorganized? during a potential 51 percent attack late Sunday, according to at least two different block explorers ? Bitfly (Etherchain) and Blockscout. Coinbase said in its blog post that it detected some 88,500 ETC being double-spent (totaling some $460,000). Media publication Coinness reported Monday that an in-house analyst had detected an abnormal hash rate (or computation energy) going into a single mining pool, potentially causing mass reorganizations (reorgs) of mined blocks. Though initially refuted by the core proponents behind ethereum classic on Twitter, the official account has now affirmed potential cause for concern, tweeting out: This data was obtained by us on January 08, 2019 5:15 AM. Have a look at www.coindesk.com for complete listings from this source.
New Game on Ethereum s Network Lets You Win Big Ether
?Ever play the lottery thinking you could be that one lucky winner?? Countdown3D is a new kind of decentralized application made possible with Ethereum smart contracts. The game hosts a crypto countdown timer which generates a pyramid built from ether when time runs out. Instead of one big winner like you might find with a mega millions or powerball lottery, Countdown3D enables several tiers of winners so you and many others can win money. Yes, you actually can win money. The game mechanics are simple with a countdown timer and a jackpot of Ether. While the suspenseful timer counts down, players use Ether to buy tickets into the round. Real magic happens when the timer hits 0. One ticket selected at random coined Tier 0 initiates a sequential ordering of tickets built up into a six tier pyramid of payouts. Moving up the pyramid, the value of a ticket in each tier increases. This information was obtained by us on January 08, 2019 4:00 AM. Visit medium.com for more similar content.
"Australian high school students at an all-girls school were able to leverage the training they got to win the Smart Cities Hackathon in Melbourne -- winning prizes for DApps developed on the Ethereum blockchain. [Forbes]
The first systematic blockchain education program for high school girls. Photocredit: GettyGetty Blockchain is meant to lower barriers for people around the world. Yet, in the early days, Bitcoin had a diversity issue: 90% of Bitcoin users in a CoinDesk survey in 2015 were male. Some people point to the gender issues in the technology sector as the foundation for gender inequality in blockchain. Only about 10% of all computer science graduates are women in the United States. Yet, that number can dramatically change: one university got the ratio as high as 40% in less than a decade by being deliberate and systematic about opening up technology possibilities to women. This entry was first seen by us on January 08, 2019 3:56 AM. Have a look at www.forbes.com for more.
Ethereum Classic Experiencing 51 Percent Attacked, Immutability Violated
Ethereum Classic experienced a vicious 51 percent attack that allowed attackers to conduct eleven deep chain reorganizations and double-spend 88,500 ETC, worth over $400,000. In response to the attack, the price of ETC has plummeted and services using the cryptocurrency have halted. On Jan. 5th at 13:27 UTC, Ethereum Classic was reorganized at block 7245623, and over the course of the next three days the intensity of these attacks increased as the cryptocurrency?s immutability was violated. Bitfly, Coinbase, Poloniex, and Kraken have all made announcements confirming the attack. Many exchanges and platforms have halted ETC-related services until the attacks subside. This posting was obtained by us on January 08, 2019 3:35 AM. Have a look at cryptoslate.com for more.
Ethereum Classic is under attack
Learn more about our mission, values, culture, and staff. Join our global team of smart, curious, and kind colleagues. Let us know if you have feedback, questions, or ideas. How we use, protect, and give you control of your data. What you need to know about using our products and services. We take our integrity seriously. Read more about how. The important stories of innovation across the continent?s wide-ranging economies In-depth coverage of the world?s largest democracy for India and its far-flung diaspora Lifestyle, culture, and living well in the new global economy Management news, advice, and ideas for business leaders This entry was first found by us on January 08, 2019 3:10 AM. See qz.com for more similar content.
Coinbase Says Ethereum Classic Attack Included $500,000 in Double Spends
Contradicting reports from the Ethereum Classic camp, cryptocurrency exchange giant Coinbase announced this afternoon that the apparent ETC blockchain reorganization attack had been accompanied by around half a million dollars in double spends. According to Coinbase, the firm first identified the deep chain reorganization on Jan. 5, at which point it halted on-chain ETC payments to protect customers ? and the crypto exchange itself ? from falling prey to a double spend attack. On 1/5/2019, Coinbase detected a deep chain reorganization of the Ethereum Classic blockchain that included a double spend. In order to protect customer funds, we immediately paused movements of these funds on the ETC blockchain. Read more here: https://t.co/vCx89dz44m This posting was obtained by us on January 08, 2019 2:57 AM. Check out www.ccn.com for more.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Stellar, Bitcoin SV, TRON, Cardano: Price Analysis, Jan. 7
As major institutional moves in the crypto industry loom on the horizon, we look at what the charts have to say short term. As the year kicks off with promises of major moves for institutional investors in crypto, let?s see what the charts say in the short term The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Will 2019 be a year of recovery for cryptocurrencies? One of the important events to watch out for is the launch of International Exchange?s (ICE) crypto trading platform Bakkt. While the Chicago Board Options Exchange (CBOE) and the Chicago Mercantile Exchange (CME) currently offer Bitcoin futures trading, both of their products are settled in cash. This post was discovered by us on January 08, 2019 2:42 AM. You may want to visit cointelegraph.com for more similar content.
Coinbase Forced to Suspend Ethereum Classic Trading After 51% Attack
-Bitcoin news, price, information & analysis Ethereum Classic, the original unforked Ethereum blockchain, has suffered a 51% attack resulting in nearly half a million dollars worth of double spends according to Coinbase. Coinbase detected the deep chain reorganizations over the weekend, forcing the cryptocurrency firm to freeze all Ethereum Classic transactions on their trading platforms and other products and services. Rumors began circulating over the weekend regarding a potential chain reorganization of the Ethereum Classic blockchain, however, the official Twitter account for the cryptocurrency took to Twitter to refute the claims, saying that the ETC network appeared to be ?operating normally? despite reports claiming otherwise. This piece was discovered by us on January 08, 2019 2:37 AM. See www.newsbtc.com for additional posts.
Ethereum Classic (ETC) Has Room For A Pullback To $5 Before The Next Rally
Ethereum Classic (ETC) has recently rallied off along with the rest of the market. However, the rally has now come to a standstill as the price is consolidating before its next big move. ETC/USD did face some resistance at the 38.2% Fib extension level but the positive momentum helped it break past that level. Ethereum Classic (ETC) investors have been very confident after the recent regime change that saw ETC Labs running the show with its aggressive Dapp development program. However, we have seen little to no improvement in the way their social media accounts are run. Recently, there were rumors of a 51% attack but response from the official Ethereum Classic (ETC) account was unsatisfactory. This piece was first found by us on January 08, 2019 2:08 AM. See cryptodaily.co.uk for more from this source.
ETC (Ethereum Classic) is under a 51% attack - Here is how it works
A 51% attack or double-spend attack is a miner or group of miners on a blockchain trying to spend their crypto?s on that blockchain twice. They try to ?double spend? them, hence the name. The goal of this isn?t always to double spend crypto?s, but more often to cast discredit over a certain crypto or blockchain by affecting its integrity. Here is a brief example: let?s say I spend 10 Bitcoin on a luxurious car. The car gets delivered a few days later, and my Bitcoins are transferred from me to the car company. By performing a 51% attack on the Bitcoin blockchain, I can now try to reverse this Bitcoin transfer. If I succeed, I will possess both the luxurious car and my Bitcoins, allowing me to spend those Bitcoins again. The concept of a 51% attack may seem obvious in perspective of a democratic blockchain, but there is a common misconception about how it works. This short article will attempt to give a lucid explanation of how a 51% attack works in more detail. If you don?t know how miners add transactions to the blockchain yet, I suggest you read how miners add transactions to the blockchain in seven steps first, as it is only a five minute read. If you don?t know how a blockchain works, I suggest you start here. This item was obtained by us on January 08, 2019 12:48 AM. Browse medium.com for complete listings from this source.
Do not fall for Ethereum Nowa hard fork - IT IS A SCAM!
A daily news site covering all things crypto and the advent of the decentralized web. The ETH scammers have upgraded but the Ethereum community is having none of it. When the price of Ethereum dropped below $100 at the end of 2018, there was one saving grace. The Twitter-based Ethereum scammers?that offer to send large amounts of ETH in return for smaller amounts given in advance?had gone. It?s unknown whether this was due to the falling price of Ether or Twitter finally getting its act together but it meant fewer people were getting scammed in this way. But, as sure as night follows day?and the price climbed back above the $100 line?the scammers returned. But this time, it?s not just simple spam messages on Twitter, things have got a little more sophisticated. Ethereum Nowa, the site trying to tempt users to part with their crypto, is suggesting there?s a hard fork on the horizon, and that buyers need to snap up a new set of tokens that will be created as a result. Some have taken the bait. This posting was first seen by us on January 08, 2019 12:11 AM. See decryptmedia.com for complete listings from this source.
Ethereum Classic wasn't subjected to a 51% attack. It's called a 'reorg'.
Crypto Briefing exists to advocate for the safe and responsible integration of blockchain and cryptocurrency into mainstream life. We believe. Our goal is to grow the crypto community - to help new converts understand the basics, and to share our research with experienced enthusiasts. Our ICO reviews are independent, unpaid, and unsponsored. Contact us: editor AT cryptobriefing.com. Crypto Briefing - ICO and Cryptocurrency Analysis, News, Features, Ratings and Reviews - Cryptocurrency News, Digital Asset Analysis, & Blockchain Updates What Is Monaco? Introduction to the Crypto.com MCO Token What Is Electroneum? Introduction to ETN Token This item was found by us on January 08, 2019 12:10 AM. Have a look at cryptobriefing.com for more from this source.
Ethereum Classic Devs: Hashpower Consolidation on Network is 'Not 51% Attack'
Ethereum Classic devs report that what some are calling an ongoing 51% attack on the ETC network actually may be the testing of 1,400/Mh ethash machines. Ethereum Classic devs announce that a hashpower consolidation on the ETC network is ?not [a] 51% attack? Ethereum Classic (ETC) developers have stated that a mining pool evidently claiming over 50 percent of the network?s hashrate was ?most likely selfish mining? in a tweet today, Jan. 7. ETC devs also explicitly stated in the same tweet that the previously noted hashrate consolidation is not a 51 percent attack, and that double spends were not detected. This share was first seen by us on January 07, 2019 11:57 PM. Visit cointelegraph.com for additional posts.
KryptoCraze - HODLERS Clothing Store
We know how to take risk where others don't. But we also know how to dress in style & represent our dream of FREEDOM! As a true HODLer, you always must be ready for the next mission to MOON. Here at KryptoCraze we offer apparel ready for cryptonauts all over the world. We are in Cryptocurrency industry since 2013. We always felt that we are left behind in clothing industry that needs to represent us. So we decided to take a stance! For all Crypto HODLERS in the world UNITE! This posting was first seen by us on January 07, 2019 11:39 PM. Visit kryptocraze.net to find more similar content.
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