Ether Price Plumets; Ethereum DAO May Be Hacked
Ethereum took a drastic dive this morning as news came in that the DAO smart contract address is being drained of ether in an ongoing and developing news story. Millions of ether are moving to an unkown address with some suggesting that it may be a recursive split hack. Griff Green, spokesman for slockit, the creators of the Dao, stated on the DAO slack channel: “The DAO is being attacked. It has been going on for 3-4 hours, it is draining ETH at a rapid rate. This is not a drill. You can help: If anyone knows who has the split proposals Congo Split, Beer Split and FUN-SPLT-42, please DM....
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Ethereum announced the beginning of its 42-day presale for Ether, the crypto-units which will fuel its distributed application software platform. Ethereum will acquire the Ether through a premine. Due to the controversial nature of premines, Ethereum will likely face competition from forks once the project source code is released. Ether, the Fuel of the Ethereum Project, Is Available for Pre-Order. Earlier today, Ethereum began its official 42-day Ether presale. The developers are selling the Ether through a fixed-price model. Initially, 1 bitcoin will purchase 2,000 ETH, but that number....
The DAO, the distributed autonomous organization that had collected over $150m worth of the cryptocurrency ether, has reportedly been hacked, sparking a broad market sell-off. A leaderless organization comprised of a series of smart contracts written on the ethereum codebase, The DAO has lost 3.6m ether, which is currently sitting in a separate wallet after being split off into a separate grouping dubbed a "child DAO". Ether markets plunged on the news, falling below $13 in trading on the cryptocurrency exchange Poloniex. With ether currently trading at roughly $17.50 per coin,....
In a bid to thwart the latest exploitation of The DAO’s smart contract code, developer Alex Van de Sande, lead designer for the Ethereum Foundation announced on Twitter that the Ethereum development community were moving funds away from The DAO after reports on social media highlighted that funds were being drained from contracts on the network. It was only a few days ago that news broke that millions of dollars worth of ether were taken from contracts on The DAO, sparking a heated debate as to what best action the owners of Ethereum can take. Now, it seems as though the network is at the....
On October 29, 2021, the second-largest crypto asset in terms of market valuation, ethereum, reached an all-time price high at $4,467 per unit. Meanwhile, after the Ethereum network’s Altair upgrade went live, ether gas fees have skyrocketed significantly.
As Ethereum Tests New Price Highs, the Average Ether Transfer Fees Onchain Skyrocket
The two leading crypto assets by market valuation have had issues with high transfer fees for many years now but this month, Ethereum’s network fees are significantly higher than bitcoin’s. On Saturday, October 30,....
The official Twitter account of Belgium’s Minister of Energy was the recent victim of a high-profile hacking incident. Tinne Van der Straeten’s profile was hacked to promote a bogus giveaway of ethereum tokens. Hacked Twitter Accounts Whoever was behind the incident changed the minister’s verified profile to “Ethereum Foundation” to make it look legit. First reports indicated that a fake giveaway of 50,000 ETH started to spread out over Van der Straeten’s account. But no tweets were seen at the time the minister’s staff restored the account.....