Today's Hot Topics

$100k Of ETC 51 Percent Hack Returned to Exchange

Last week saw Ethereum Classic fall victim to a 51 percent hack and now, the hackers have returned $100,000 in ETC to the Gate.io cryptocurrency exchange. On Saturday, the cryptocurrency exchange said that $100,000 in Ethereum Classic has been returned after a recent hack. In the announcement for the news, the exchange further said that it tried to contact the 51 percent hacker but it hasn’t received any reply so far by adding “we still don’t know the reason. If the attacker didn’t run it for profit, he might be a white hacker who wanted to remind people of the...

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TRX Starts 2019 Off With A Bang As BTC & ETC Fall Victim To New Year

As we move further into the new year, we are starting to see some crypto projects really stand out as contenders for 2019. More than any others, TRON TRX - a cryptocurrency backed by a project that promises the most exciting growth during 2019. On the other hand, some other projects haven’t started the new year with quite the impact they would have hoped, namely Bitcoin, the world’s leading cryptocurrency and Ethereum Classic, the ever popular Ethereum spinoff, which has fallen victim to quite a large scale hack during the past week. Before we continue, let’s just note that the...

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Ethereum Classic (ETC) Surprisingly Stays Ground As Crypto Market Tumbles

Chart for ETC/USD (4H) As the cryptocurrency market was falling apart, there were a few cryptocurrencies that stood their ground apart from stable coins. One of those cryptocurrencies was Ethereum Classic (ETC) and the other was ZCash (ZEC). Both of these coins appeal to a similar demographic and both of them have declined significantly in value during the bear market. However, there is more to it than that. Both of these cryptocurrencies have been around for long but they have failed to rally in the same way as the rest of the market. This means that for major bagholders of...

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The Truth About the Ethereum Classic Hack

This news this week has been dominated by one story, an attack on the Ethereum Classic network that looks to be of the 51% attack designation - a hack which allows attackers to implement double spends, whilst controlling over 50% of the network. This, in turn, allows hackers to manipulate the network and exercise malicious intent. Now, the Ethereum Classic hack seems to have been underplayed, for some reason, it’s been brushed under the carpet, there are however some significant concerns that arise when looking into what’s happened here, this is what we are now going on to explore. Before...

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Why Is Ethereum Classic (ETC) Rising After The ‘Devastating’ 51% Attack?

Ethereum Classic (ETC) has rallied more than 6% after an alleged 51% attack that seems to have created a $500,000 double spending problem. The true nature of this attack, the motives behind it and the damage done is too early to be assessed yet. However, it is still beyond comprehension for most of us to see ETC/USD rally instead of crashing after such a ‘terrible’ blow to Ethereum Classic (ETC)’s reputation. Not to side with the teams working on Ethereum Classic (ETC) or to defend the failure on their part, I still cannot fathom how exactly this is such a...

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