Ethereum classic after moving higher found sellers and moved down. Can it continue heading lower or will it bounce back versus Bitcoin?
Ethereum classic spiked higher as forecasted in yesterday’s post and then found sellers.
There is currently a bearish trend line formed on the 30-min charts of ETC/BTC, which is acting as a hurdle for an upside move.
The current price structure is bearish in the short term, but I still feel there is a chance of a surge towards 0.0035BTC before a major top.
Ethereum Classic Resistance.
Ethereum classic price ETC was on the....
The Ethereum Hard-Fork has been a highly divisive event on the cryptocurrency landscape. The hard fork, along with a rescue soft-fork in the weeks prior, has been a godsend to those who invested in The DAO, a smart contract built on Ethereum that ended in one of the most catastrophic implosions in Crypto history. With 12% of the extant Eth tied up in the DAO, The majority of Ethereum hashpower decided to hard-fork to refund DAO investors their money and ‘start fresh.’
Dissent Spawns Ethereum Classic.
The methods taken to enact this change on the Ethereum....
At the start of this month, air traveling payment network UATP announced to integrate Bitcoin payments to its platform after inking a partnership with Bitnet, a payment processing platform. Though, this was not the first time that a traveling business acquainted a digital currency as its payment option. Earlier, a similar decision has been taken by popular traveling planners like WebJet, Expedia and CheapAir. According to statistics dating back in 2013, tourism industry had contributed around $6,990 billion to the overall global economy. A huge part of this income was generated from online....
Microsoft, an American multinational technology corporation, recently hosted an Ethereum Classic meetup joined by original Ethereum founder Charles Hoskinson in its London headquarters.
Hoskinson, who left the Ethereum foundation in 2014 before the pre-sale of ETH began, was pushed out of the organization after solidifying his stance on establishing the foundation as a non-profit entity. The Ethereum foundation however, decided to accept venture capital investment and pursue the path of a full profit company.
“Concisely, we had a philosophical fight about whether to take VC money....
Ethereum Classic is all set to get a hard fork of its own soon to counter the sustained DOS attack.
Ethereum Classic is on its way to get a hard fork in the next two days.
Ethereum recently split into two blockchains following a hard fork introduced by the Ethereum development team a few months ago. The hard fork resulted in two versions — Ethereum (ETH) and Ethereum Classic (ETC). While Ethereum continued to operate on the new fork, a portion of the cryptocurrency community decided to continue with the original Ethereum blockchain, calling it Ethereum Classic.
Long term, if Bitcoin gains widespread adoption, I'd expect the Bitcoin price to correlate to how useful people think sending payments, property and contracts anywhere in the world instantly and reliably is. Personally I think this could be more useful than wearing jewelry, but maybe that's just me.