Today's Hot Topics

Shock Attack On Ethereum Classic Network

Earlier in the week, Ethereum Classic was at the brunt of a malicious attack by hackers who stole around $460,000 in a 51 percent attack. On 7th January, the attack was confirmed by the operator of the Ethereum block explorer, Bitfly. Because of the currently ongoing potential 51% attack on #ETC we have temporarily increased block confirmations on our ETC mining pool. We will notify you once the network has stabilized again — Bitfly (@etherchain_org) January 7, 2019 Specifically, there was a 51 percent attack which was successfully executed where the hackers gained the ability to ‘reorganise’ a blockchain or...

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Ethereum Classic (ETC) Has Room For A Pullback To $5 Before The Next Rally

Ethereum Classic (ETC) has recently rallied off along with the rest of the market. However, the rally has now come to a standstill as the price is consolidating before its next big move. ETC/USD did face some resistance at the 38.2% Fib extension level but the positive momentum helped it break past that level. Ethereum Classic (ETC) investors have been very confident after the recent regime change that saw ETC Labs running the show with its aggressive Dapp development program. However, we have seen little to no improvement in the way their social media accounts are run. Recently, there were...

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Ethereum Classic (ETC) To Retest Trend Line Resistance Against Bitcoin (BTC)

Ethereum Classic (ETC) is on track to test trend line resistance against Bitcoin (BTC) in the weeks ahead. The daily chart for ETC/BTC shows that Ethereum Classic (ETC) has been trading in a triangle since March, 2017. Ethereum Classic (ETC) is one of the few coins to have bled for this long against Bitcoin (BTC). This downtrend is yet to see an end although there is now a strong probability that ETC/BTC may break out of the triangle during the upcoming rally. This would be very unlikely to happen during the first attempt. Ethereum Classic (ETC) certainly has enough room to...

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Ethereum Classic (ETC) Correction Draws To An End, Bulls Take Control

Ethereum Classic (ETC) has finally completed its correction. The weekly chart for ETC/USD shows that the price has already begun to rally and is now struggling to break past the 5 Week EMA. This struggle is going to continue for quite some time which is why we are not likely to see a series of bull runs or exuberant rallies just yet. In fact, it is going to be a long time before we see Ethereum Classic (ETC) rallying towards its all-time high. Before all of that, we are going to see a long period of accumulation where the price will...

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Ethereum Classic (ETC) Might Follow Ripple (XRP)’s Path To Skyrocket In 2019

Many in the crypto community think of Ethereum Classic (ETC) as a phoenix that rises from the ashes as it is reborn again. This is one of the strong qualities that it shares with Bitcoin (BTC). Both cryptocurrencies have died and reborn again countless times in the past. Perhaps the reason they were able to do that it because there is no person, group or company that owns Bitcoin (BTC) or Ethereum Classic (ETC). Moreover, both Ethereum Classic (ETC) and Bitcoin (BTC) are truly decentralized and immutable. Unlike most other cryptocurrencies, neither Ethereum Classic (ETC) nor Bitcoin (BTC) has made...

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