Ethereum Developers Attempt to Dump Over 7 Mil ETCs into Exchanges
The role of few Ethereum developers is speculated in the recent attempt to exchange over 7 million ETC's retrieved from the DAOs associated with the recent attack. Did the Ethereum Foundation secretly try to kill its sibling rival Ethereum Classic? The question may never be answered. But according to reports, few developers from the Ethereum Foundation may have been involved (in an individual capacity) in the recent attempt to dump close to 8 million ETC tokens into exchanges. The reports started emerging after the cryptocurrency exchanges Poloniex and Kraken received over $10 million....
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As a response to the divided support of the community, developers, and miners, Ethereum co-founder Vitalik Buterin has made clear that he has no intentions to support Ethereum Classic, even if it surpasses the market value of Ethereum. On August 1, Buterin announced his decision to devote himself to the development of Ethereum. Notable companies including Coinbase and other developers have since continuously shown support towards Buterin and Ethereum, refusing to provide ETC-related features and trading services. However, as the support for Ethereum Classic from miners, developers, and....
After an evening of perusing the internets a post on reddit stuck out to me. “Bitcoin is being manipulated like other alt-coins” . The writer, mitchr4, goes on to explain that he is or has been an alt-coin trader for a while and has seen certain pump-and-dump patters emerge in the alt-coin industry. mitchr4 goes on draw parallels between the recent price spikes and downturns in the bitcoin market and the pump-and-dump nature of altcoins. mitchr4 goes on to explain how the pump and dump scheme works in bitcoin….
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