China Trade Resurgence Makes Everyone Rich - Except Ethereum Classic
Exploding Chinese trading volumes saw cryptocurrencies across the board gaining Thursday - with the notable exception of Ethereum Classic (ETC). While the top eight cryptocurrencies posted increases from modest to giant in the case of Ripple (38 percent in 24 hours), ETC was left floundering. This comes despite news last week from BTCC CEO Bobby Lee that his exchange, which is a major presence in China, would list ETC based purely on consumer demand. Former Ethereum developer Charles Hoskinson even tweeted that he was “extremely excited” at the decision. Fellow Chinese exchanges’ hint that....
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Ethereum (ETH) has witnessed a notable resurgence, reclaiming ground after hitting a crucial support level at $1,500. As traders analyze the daily time frame, it becomes evident that this resurgence may signify the formation of a bullish reversal pattern, known as a double bottom. A double bottom is a classic technical analysis pattern that often […]
Ethereum classic price failed to continue trading higher against the Bitcoin, and may again trade lower in the short term. Key Highlights. Ethereum classic price looks like struggling to retain the bullish bias, and may decline soon versus the Bitcoin. There is a contracting triangle pattern formed on the hourly chart of ETC/BTC (data feed via Simplefx), which may be cleared for a downside move. The price may once again trade towards an important support area of 0.00150BTC. Ethereum Classic Price Decline. Ethereum Classic price managed to pop higher yesterday against the Bitcoin to trade....
Bitcoinist recently spoke with Bill Shihara, CEO of Bittrex, an online cryptocurrency exchange that is based and regulated in the United States. Bittrex prides itself in being “market neutral,” having listed and supported 190 different cryptocurrencies on its platform. Bill offered his opinion and insight on the recent Ethereum hard fork, and the events that have transpired including the rise of Ethereum Classic and Poloniex’s decision to trade it. Bill Shihara on Ethereum Classic and Poloniex. What do you think of the recent hard fork and the subsequent rise of Ethereum Classic? We’re....
Ethereum Classic is preparing another hard fork. It was announced in statements published last week that the project’s development and mining community is committing to a change in its monetary policy by December of this year. Essentially a move to a new protocol, all current Ethereum Classic users and miners should have upgraded their software by then. If everyone does not upgrade their software, the project can split into two incompatible networks, blockchains and currencies. Of course, that is exactly how Ethereum Classic itself broke away from the Ethereum Foundation’s Ethereum last....
Ethereum Classic is dominating the cryptocurrency news cycle. After a slumber of some days following the Ethereum hard fork that refunded investors of the hacked DAO, the unforked and re-named Ethereum blockchain and its native token classic ether (ETC) surged. Exchanges enabled trade in the digital currency, investors bought in, miners pointed their hardware to it, and a new development community began to form. But Ethereum Classic also has led to chaos and uncertainty. The forked half of the chain — sometimes dubbed “Ethereum One,” and supported by the Ethereum Foundation — is still....