Tagged: ethereum classic

Ethereum Classic (ETC) Suffers Yet Another 51% Attack, Major Changes Needed to Improve Blockchain Platform’s Security

Ethereum Classic (ETC), which only has about 3% of the total hashpower (computing resources securing blockchain networks) that’s currently being used to secure the much larger and arguably more secure Ethereum (ETH) network, recently experienced another serious 51% attack. These types of attacks can occur… Read More

Coinbase Clarifies it wasn’t Targeted by “Any of the Attack Transactions” on Etherem Classic (ETC) during 51% Attack and Didn’t Lose Funds

San Francisco-based crypto exchange Coinbase claims it wasn’t targeted by “any of the attack transactions and lost no funds” when Ethereum Classic (ETC) recently suffered 51% attacks. A 51% attack on a blockchain or distributed ledger technology (DLT) platform can take place when a malicious… Read More

Cardano Founder Hoskinson Offers Conditional Help to Ethereum Classic Community after Blockchain Platform Suffered Malicious Network Attacks, but they Won’t Accept Terms

Charles Hoskinson, an Ethereum co-founder and now better known for being the founder of Cardano (ADA), a platform for building decentralized applications (dApps), recently came forward to offer help to the Ethereum Classic (ETC) community members. However, Hoskinson had certain conditions that he wanted the… Read More

Gunning for Hackers: Ethereum Classic Labs to Pursue Criminal Charges Against Perps Involved with Recent Attack on Ethereum Classic Blockchain

Ethereum Classic Labs (ETC Labs), the core developer and organization for the Ethereum Classic (ETC) blockchain, has partnered up with crypto-sleuth firm CipherTrace and Kobre & Kim to uncover the individuals involved in the recent attacks on the Ethereum Classic blockchain. According to a release,… Read More

New York Department of Financial Services Publishes Updated List for Approved Virtual Currencies for NY Businesses

The New York Department of Financial Services (NYDFS) recently noted that there are several different paths that virtual currency businesses may take to begin using or listing digital currencies like Bitcoin (BTC) and Ethereum (ETH), among many others. The NYDFS is the department of the… Read More

Ethereum Classic Labs (ETC Labs) Partners UNICEF by Providing $1 Million to its Innovation Fund to Support Social Impact Blockchain Projects

Ethereum Classic Labs (ETC Labs) is teaming up with the United Nations’ Children Fund (UNICEF) Innovation Fund by providing $1 million to support various ongoing projects. According to a press release, ETC Labs said it will be allocating $750,000 to global startup graduates of UNICEF’s… Read More

SlowMist Says ETC Attacker Can Now Be Identified, if Exchanges Help Out

Earlier this week, CI reported on a 51% attack / double spend attempt that was halted by Coinbase. The crypto exchange was not the only target in the attempted hack. The attack utilized Ethereum Classic (ETC) as the vehicle to steal funds. Security firm SlowMist… Read More

Coinbase Reports Foiled Double Spend Attack via Ethereum Classic [u]

Popular crypto exchange Coinbase published a blog post today reporting a double spend attack that was detected and stopped before any funds could be stolen. A double spend attack is exactly as its name. The attack takes place when cryptocurrency is spent more than once. Coinbase… Read More

Coinbase Debuts New OTC Trading Desk For Institutional Investors & Brings Ethereum Classic on Coinbase Wallet

Coinbase has officially launched its new OTC trading desk specifically for institutional investors, according to Cheddar. The launch comes just one month after Coinbase raised $300 million through its Series E funding round. While sharing details about the OTC trading desk, Christine Sandler, Head of Sales… Read More

How Poor Treasury Management is Killing ETH

2017 was a landmark year for crowdfunding. The JOBS Act passage coincided with blockchain, opened the door for a record in capital raised through ICOs (initial coin offerings) for early stage companies as well as Wantrepreneurs with an idea and a whitepaper.  ICOs were launched… Read More

Trading Limits Boosted on Coinbase Just as Ethereum Classic Begins to Trade

Coinbase has announced that trading limits have been boosted. Starting immediately, users may trade cryptocurrency immediately after purchase without a necessary five day waiting period for funds to clear. “Most” users will see their daily trading limits increased to $25,000 – previously this was a… Read More

Coinbase is Adding Ethereum Classic to its List of Tradable Assets

Coinbase has announced their intent to add support for Ethereum Classic (ETC). Coinbase said it will now beging the work necessary to support ETC. The news helped to drive the price of ETC higher as traders may expect greater liquidity of ETC in the coming months…. Read More

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