Bittrex CEO Bill Shihara Questions Miner Attack on Ethereum Classic
While some miners are attacking Ethereum Classic, the spin-off blockchain based on the consensus and protocols of the original Ethereum blockchain continues to gain support. After miner Chandler Guo announced he and other miners plan to attack Ethereum Classic Tuesday, Bill Shihara, CEO of Bittrex, a cryptocurrency exchange, contacted CCN express his skepticism about the miners’ attacks. Guo said he, assisted by other miners, will 51% attack Ethereum Classic as soon as possible. Guo said that they would isolate any block so that transactions cannot be confirmed, which was necessary because....
Related News
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....
Krypton, Ethereum-based network, has recently recovered from a 2-step attack which resulted in a total of 21,465 KR, approximately $3000 USD, being stolen from Bittrex’s wallets. The Krypton team suspects that the attack might have been just a test: attackers might go for other Ethereum-based blockchains such as ETC, for example. How the attack happened. According to a press release by Stephanie Kent, Krypton’s Founder, and Rocky, cryptocurrency trader, investor and analyst, attackers used Double-Spending to steal the KR from Bittrex. After the attack, all deposits and withdrawals on both....
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. Ethereum recently came under....
CHBTC, China’s largest ETH exchange, announced Monday it will list Ethereum Classic in response to rising demand. The move reverses the exchange’s previous statement last week that it would not support ETC. The announcement on Monday noted the exchange is neutral and does not judge the values and ethics of the currency. CHBTC has stated there are risks users will be exposed to, including price fluctuation and network instability. The announcement also noted the ETC blockchain is considered to be low powered. The exchange said it will continue to maintain monitoring the situation. It urged....
Smart contracts platform Krypton is recovering from a 51 percent attack this week that saw 21,465 of its tokens exchanged for bitcoin and double-spent. According to the fledgling project’s founder and project manager Stephanie Kent, the attack was a “two-pronged” effort involving rented hashing power and a DDoS attack on existing nodes to multiply the hashing advantage even further. The attacker sent more than 21 thousand Krypton (KR) tokens to the Bittrex crypto exchange, sold them for bitcoin, then used the majority hashing power to roll back the transactions. Financial Return of Krypton....