Key Highlights Ethereum classic price declined further and even broke $4.00 against the US dollar. There is a key bearish trend line formed with resistance at $4.10 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is likely to find sellers near $4.10, $4.20 and $4.40 if there is an…
While crypto’s unbridled optimists have done their best to keep this market afloat, incessantly imploring Bitcoin investors to “HODL” and “BUIDL,” their cries haven’t stopped a key Ethereum Classic development group from unfortunately capitulating. Ethereum Classic Ecosystem Loses Key Player Amid Market Tumult After a multi-month downturn in the cryptocurrency world, which has seen $700…
Crypto markets still moving up; Litecoin, Bitcoin Cash and Ethereum Classic leading the way. The momentum has continued throughout the weekend and crypto markets remain buoyant this Sunday. More movement from Bitcoin has pushed total market capitalization up towards $180 billion which is the highest it has been since November. Bitcoin is up again as…
Key Highlights Ethereum classic price declined towards the $5.00 support and recovered against the US dollar. There was a break above a key contracting triangle with resistance at $5.55 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is currently placed nicely above $5.40 and it could correct higher towards…
Ethereum Classic (ETC) down 7.8 percent Atlantis may prime ETC bulls aiming at $25 By syncing with other assets, ETC gains were decent. At a precipice, there must be upswings above $10 to reaffirm the presence of buyers ahead of September 2019 Atlantis upgrade. Ethereum Classic Price Analysis Fundamentals Like Ethereum, Ethereum Classic retained smart…
Ethereum Classic suffered a 51% attack in the early hours of August 1st. A blog post from the ETC Cooperative said attackers flooded the network with offline mined blocks. As a result, the network was unable to process the volume of transactions, leading to a reorganization of the chain and split between nodes. “Miner 0x75d1e5477f1fdaad6e0e3d433ab69b08c482f14e…
Ethereum Classic suffered a 51% attack last weekend, the second such attack in less than two years. Initial investigations at the time showed no evidence of double-spending. Ethereum Classic (ETC) price drops after reports of a 51% attack. (Source: TradingView.com) However, almost a week on, further investigations have revealed that the attacker managed to double-spend…
This past week Ethereum Classic suffered not one, but two 51% attacks. The culprits were able to make off with millions as a result. While this doesn’t directly cause the underlying network to slow, due to the attacks this cryptocurrency’s confirmation times have increased drastically. Exactly how bad have these attacks hurt ETC? Crypto As…
Ethereum Classic Labs are exploring ways to protect the network and move forward following the 51% attack two weeks ago. Initial discussion on what to do are taking place today. Attendees include IOHK CEO Charles Hoskinson, as well as other stakeholders. Source: twitter.com Previously, Hoskinson said Ethereum Classic needs to innovate, to which the implementation…
Ethereum Classic (ETC), a decentralized, open-source and blockchain-based cryptocurrency, might soon lose its current momentum that allowed it to become one of the top performing crypto assets for the past week. A quick review at some data points for the digital asset reveals that it is currently trading at an overbought position which might cause…