Analysis: Ethereum Classic Traveling Down an Alternate Path in a Bikini
The selloff in most digital currencies raised eyebrows for many, but I noticed that the Ethereum Classic Coin (ETC) was trading in its own world and rallied 14% this week while Bitcoin, Ethereum and Ripple all got smashed giving back between 7% and 25% respectively. This widened the spread between these active digital currencies and any pair trading (Long one DC and Short the other) strategies with ETC as the long anchor leg is killing it. I think these gaps in the pair trade spreads may be telling us a subtle story about the long-term value of these individual coins and we should be....
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.
Bitcoin is a fixed supply, a first-of-its-kind, global-in-scale, voluntary, decentralized open-source digital currency and payment network that enables direct, peer-to-peer, borderless, pseudo-anonymous, nearly-instantaneous, nearly-free and irreversible cash-like transfers of value. The first currency and money system in the world which has no counter-party risk to hold and to transfer.