Ark Invest to split '60% Bitcoin, 40% Ether' as confidence in ETH grows 'dra...
Ark Investment CEO believes Ethereum’s development is promising and Bitcoin’s value will continue to rise as more companies and institutions adopt the cryptocurrency. Cathie Wood, the CEO of Ark Investment, has doubled down on her prediction that the price of Bitcoin will grow by tenfold in the next five years, and said the growth of DeFi, NFTs and the Eth2 upgrade has massively increased Ark’s confidence in Ether’s future.Wood’s prediction would value Bitcoin at almost $500,000 by 2026. She said that Ark Investment’s future exposure to crypto was likely to be around 60% Bitcoin and 40%....
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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....
The DAO is being attacked for some hours, according to Griff Green, a spokesperson for Slockit. In an ongoing emergency situation currently developing Griff Green, a spokesperson for Slockit, has put out an emergency alert. He asked anyone who has a DAO split open, especially Congo Split, to message him at the Dao slack. It is not clear what is developing, but the dao is currently being drained of Ether with the balance falling below 9 million ether from 12 million raised and continuing to fall. Griff Green stated: “The DAO is being attacked. It has been going on for 3-4 hours, it is....
The attacker responsible for siphoning off ether from the DAO has sent an open letter defending his actions. The DAO platform was in trouble yesterday, following a hacking incident yesterday the platform is said to have lost about $50 million worth of digital currency. However, there is a good possibility that the stolen ether associated with the DAOs can after all be recovered, preventing huge losses to thousands of investors in the platform. According to a recent update on the Ethereum blog, Vitalik Buterin, the creator of the platform has mentioned that all the investor funds are safe....
Will we invest in and transact with Ether differently than we do with Bitcoin, since the two currencies have different monetary policies? Ether has been dubbed Bitcoin’s challenger or its rival – Andreas Antonopoulos’ warning to stop calling ethereum "the bitcoin rival" is generating an intense debate on Twitter and Reddit. What individuals make of the growing debate over Ether and Bitcoin rages on with comparison being made from the point of view of how people invest in and transact with the two digital currencies. Ethereum as a means of exchange. Analyst and Blockchain Products....
Since January 3, 2009, the Bitcoin network has been functional for 99.98662952015% of the time. However, the protocol has had a few hiccups along the way and on a few occasions, the chain split into two. Most people are well aware of the Bitcoin Cash split that took place on August 1, 2017, but the first time the Bitcoin chain split was 11 years ago on August 15, 2010. Strange Block 74,638 4,019 days ago on August 15, 2010, the Bitcoin community had a problem which was dubbed the “overflow bug.” What was also called a “malicious event” or “Strange block....