Ethereum Classic

Introducing GoFungibles’ community governance in the world of crypto

OkDecentralization and Web 3.0 are hot topics in the world right now. A byproduct of blockchain technology is the emerging world of Web 3.0. The idea behind Web 3.0 is that users on the internet will interact with each other and data will be stored in a decentralized way, giving users data privacy and sovereignty. This is different from Web 2.0, where most of the activity on the internet is composed of users interacting with each other and data stored in centralized storage locations that are controlled by large companies.

Here’s the caveat to Bitcoin Cash, Ethereum Classic’s price actions

On the back of recent gains, most altcoins started moving north too. In fact, before minor corrections set in, these alts saw pretty decent rallies, with Bitcoin Cash and Ethereum Classic among them. However, what really matters is whether they can sustain these rallies or not. For the likes of BCH and ETC, this is a very critical question.  What does the price say? Both Bitcoin Cash and Ethereum Classic were up more than 40% since 20 July, at the time of writing. While both altcoins followed Bitcoin’s footsteps, their

Investing App Wealthfront to Offer Grayscale’s Bitcoin, Ethereum Products

As more investors turn to cryptocurrencies, Wealthfront, a Palo Alto-based firm with $25 billion in assets under management (AUM), has expanded its clients’ investment options to include Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE).Wealthfront’s new offering will also include automation features like “intelligent dividend reinvestment” and tax-loss harvesting–a feature aimed at lowering clients’ tax bills. In using GBTC and ETHE, investors won’t need to set up external wallets and take care of technical aspects such as safekeeping the private keys. All of Grayscale’s crypto products are merely meant

Bitcoin & Ethereum: which asset will cross this benchmark first in the next 2 weeks

Bitcoin and Ethereum both tested their initial targets of $40,000 and $2400 over the past day, after consistently rallying over the last week. The market sentiment is currently improving for both assets. While Bitcoin has been the driving force for the majority of the bull markets, smaller altcoins have rallied behind Ether’s bullish period as well. In 2021 itself, Bitcoin reached its all-time high during April 15th-20th, reaching a valuation of $64,000. Other assets followed suit, but when Ethereum touched its ATH of $4375 during the 1st of May, assets

Ethereum Classic (ETC) Struggles to Overcome $7.50 Resistance

Ethereum Classic (ETC) is currently making another attempt at breaking out above $7.50, something it has struggled to do since May. The price action and a variety of technical indicators suggest that ETC will be successful in breaking out.   Ethereum Classic Long-Term Support Levels ETC has been following an ascending support line since November 2018 and has validated it four times since. Since April 2020, ETC has also made several breakout attempts above the $7.50 resistance area, which is the 0.382 Fib retracement level of the most recent downward

Staking for Waves’ Neutrino Dollars Comes to the Ethereum Network

The Neutrino protocol, a price-stable multi-asset protocol running on major blockchain platform Waves, is introducing the Neutrino dollar (USDN) on Ethereum.The Neutrino dollar, an algorithmic stablecoin collateralized by the Waves (WAVES) native token, is now available for all Ethereum users as the token has been ported to the Ethereum blockchain, Waves announced on Aug. 18.With the porting, Neutrino USD becomes accessible on Ethereum, enabling Ethereum users to stake rewards by just holding USDN in their Ethereum wallets, Waves CEO and founder Alexander Ivanov told Cointelegraph. The new integration also allows

Weekly Bitcoin and Cryptocurrency Market Analysis

Simon Peters, market analyst: Bitcoin Teases Us At $12,000  Suffice it to say, it was a busy week, with mixed performance in equity markets and odd – but not unpromising – movements for bitcoin. The FTSE All-Share index and the STOXX600 both recorded steady rises, while the S&P500, which started the week at 3,352, took a turn for the worse on Wednesday. After its drop to 3,335, it has since recovered to 3,372. Bitcoin broke through $12,000 on Monday, only to suffer a significant fall to $11,275 by Wednesday morning.

Grayscale’s Bitcoin Cash and Litecoin Funds Available for Public Trading

The digital asset management firm Grayscale Investments announced on Aug 17 that its Bitcoin Cash and Litecoin Trusts are now publicly tradable. Shares of the two trusts will be traded on OTC markets under the tickers BCHG and LTCN. Bitcoin Cash and Litecoin have joined the Grayscale Bitcoin Trust (GBTC), Ethereum Trust (ETHE), Ethereum Classic Trust (ETCG), and Digital Large Cap Fund (GDLC) as being publicly tradeable. US securities investors will be able to trade Bitcoin Cash and Litecoin without having to buy and store the assets themselves. Prior to

Two Attacks on ETC Network Leave Community Needing a Solution, Fast

Ethereum Classic, a 2016 hard fork from Ethereum’s main blockchain, has suffered multiple concerning network attacks over the last two years. Two such attacks occurred within a seven-day span, totaling millions of dollars in losses. With the dust settling from the two 51% attacks, further details are now coming forward, as provided by a number of industry experts.“There is no debate about the attacks,” ETC Labs CEO Terry Culver told Cointelegraph on Aug. 7, answering a question on whether or not the network difficulties were in fact 51% attacks. “Community

Ethereum Classic’s Leadership Says They Don’t Need Charles Hoskinson’s Bailout

Cardano (ADA) founder Charles Hoskinson recently offered to help the troubled Ethereum Classic (ETC) community, but it came with a major condition. The community would first have to institute a decentralized treasury system, similar to Hoskinson’s Cardano and many other blockchain projects. If the community did not accept his terms, Hoskinson felt like his help would have been a waste of time and money:“It's not worth my company's time or our strategies to pivot for a grant or a one off payment to go and bail us out. If there

Ethereum Classic Under Multiple 51% Attacks | Bitcoin News Summary Aug 10, 2020

 Ethereum Classic has suffered its second 51% attack in less than a week, bringing the ongoing security of the network into question. During the attack, the offending miner managed to double-spend $5.6 million worth of ETC after spending only $200,000 to acquire the hash power for the attack. The ETC team was advising its clients to halt interactions with the network while corrective steps were taken. The US branch of global cryptocurrency exchange, Binance has halted all trading and orders following an incident. CEO Catherine Coley tweeted, “Your funds