Ethereum Classic Rose 220% This Week, but Why?

Ethereum Classic Rose 220% This Week, but Why?

Ethereum Classic, a seemingly forgotten cryptocurrency, reached the attention of many this week when its price skyrocketed out of the blue, but there might be some reasons behind it. Also, Bitcoin Cash and other Bitcoin-based forks enjoyed a healthy week in the green, alongside Dogecoin, whose price boosted on the news of Elon Musk appearing on SNL, the famous comedy sitcom, on May 8th. Ethereum Classic Soared This Week Ethereum Classic, the sibling fork of Ethereum, enjoyed a price revival this week when its price soared more than 200% to become the cryptocurrency that led the way of the....


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Ether Classic Surges to More-Than 4-Month High

The digital currency ether classic (ETC) surged more than 30% on 29th December, reaching its highest price in over four months. ETC, the signature token of smart contract-based platform Ethereum Classic, rose to as much as $1.46 during the session, a 31.5% increase from the currency’s opening price of $1.11, CoinMarketCap data reveals. Ethereum itself grew by as much as 13.7% today. Ethereum classic also benefited from a sharp increase in transaction activity, as 24-hour trading volume climbed above $7.6m, after falling below $500,000 at some points over the last week. Several market....

Can Ethereum Classic Classic Become Ethereum Classic’s Ethereum Classic?

Ethereum Classic is preparing another hard fork. It was announced in statements published last week that the project’s development and mining community is committing to a change in its monetary policy by December of this year. Essentially a move to a new protocol, all current Ethereum Classic users and miners should have upgraded their software by then. If everyone does not upgrade their software, the project can split into two incompatible networks, blockchains and currencies. Of course, that is exactly how Ethereum Classic itself broke away from the Ethereum Foundation’s Ethereum last....

Ethereum Classic to Get a Hard Fork of Its Own

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....

How Classic is Ethereum’s Austrian Kin

“Ethereum Classic rejects Keynsean heresy, and returns to Bitcoin’s Austrian roots,” declares arvicco, a pseudonymous Ethereum Classic project coordinator and cross-chain trading programmer. An event organized by enthusiasts of Ethereum Classic took place Tuesday in London, featuring renowned cryptocurrency enthusiasts like Jon Matonis, whose words were the first in the mainstream to openly celebrate Bitcoin when he wrote for Forbes. The event might mark the first time that high-profile thinkers (such as Jon Matonis for example) will come together on a panel to discuss what might be the....

Ethereum Classic Price Surges By Over 30%

Ether classic (ETC) made a strident comeback this week. As the nascent digital currency surged in value, its hashrate also rose and its supporting community announced a new monetary policy proposal. Zooming in on the figures, ETC prices rose as much as 37% during the week, climbing to a high of $1.11 from their opening price of $0.81, CoinMarketCap figures reveal. Market observers saw the week as a positive one for the project, which splintered off in the wake of the collapse of The DAO. "ETC is being embraced by the community as a superior and decentralized alternative to ETH,"....