After a string of 51% attacks on Ethereum Classic, developers from its core chain rival, Ethereum, discuss ways of avoiding the same fate. In a Core Devs meeting on Friday, Ethereum (ETH) developers discussed potential measures that could be taken to prevent successful 51% attacks from occurring. The discussion was inspired by this week’s 51%…
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Despite suffering its second 51% in a week, and major exchanges disabling deposit, withdrawal, and some trading services, Ethereum Classic is up 2% over yesterday. After suffering two major blockchain reorganizations over the past week, Ethereum Classic (ETC) has seen its hash rate plummet — exacerbating the risk of further 51% attacks targeting the network.…
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Ethereum Classic has suffered its second 51% attack in a week after 4,000 blocks were reorganized earlier today. Ethereum Classic (ETC) has suffered a second 51% attack in less than one week, bringing the ongoing security of the network into question. On August 6, Etherchain.org tweeted that its affiliated mining pool Ethermine had disabled ETC…
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Ethereum classic was attacked? ETC network briefly goes down for maintenance, diagnosis report explains what happened. On August 1, several figures associated with Ethereum Classic (ETC) took to Twitter to inform the community of issues with the ETC blockchain. Among the first was Ethereum Foundation member Hudson Jameson who stated that: “Exchanges need to pause…
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These are the alternative crypto assets that have outperformed the rest of the market including Bitcoin in the past week as the DeFi craze gains steam. Alternative cryptocurrencies, or altcoins, have started to record large gains across the board. Some small-cap coins have seen triple-digit percentage gains in recent weeks. But several larger-cap cryptocurrencies have…
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If Bitcoin can break above the overhead resistance, a few altcoins are likely to pick up momentum and provide short-term trading opportunities. When the price of an asset does not reverse direction from a critical resistance, it indicates that some traders are holding onto their positions in anticipation of a breakout. For the past month,…
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If Bitcoin remains in an uptrend, these altcoins are likely to outperform the other major cryptocurrencies this week. The institutional interest in Bitcoin (BTC) has increased in the past few months, according to data from Grayscale Bitcoin Trust. If the trend continues at the same pace, by March 2021, GBTC would have purchased 75% of…
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The crypto markets are expected to remain volatile this week. Hence, several short-term trading opportunities are likely to crop up. The world is currently witnessing its worst crisis in decades, which dwarfs even the previous financial crisis. Even when traditional asset classes like equities and crude oil are struggling, Bitcoin (BTC) has held out exceedingly…
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Most top performers of the past week have bounced sharply from their lows, which is a positive sign as it indicates buying at lower levels. This week saw huge selling in almost every asset class as panic gripped traders on the ever-spreading coronavirus cases. Cryptocurrencies were also not spared as they came under huge selling…
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Once the “world’s most powerful” hardware for mining Ether, Antminer E3 will allegedly stop mining the coin in about 45 days, 2Miners says. While the Ethereum network is preparing to start shifting to proof-of-stake (PoS) consensus, some mining devices might soon stop supporting ETH mining at all. Bitmain’s Antminer E3, once the “world’s most powerful”…
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