Coinbase suspended Ethereum Classic (ETC) trading after a successful 51% attack

Ethereum Classic attack

The cryptocurrency exchange Coinbase suspended the trading of Ethereum Classic (ETC) after double-spend attacks worth $1.1 Million. The cryptocurrency exchange Coinbase has suspended the trading of Ethereum Classic (ETC) after double-spend attacks that consist in spending digital coins twice. Ethereum Classic (ETC) is the original unforked Ethereum blockchain, the attacks resulted in the loss of $1.1 million worth of the digital currency. 51% attack refers to an attack on a blockchain by a group of miners that controls over 50% of the network’s mining hashrate. “On 1/5/2019, Coinbase detected a…

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Ethereum Extends Impressive Run, up 35% in 1 Week

Ethereum chart

In the past week, Ethereum, the second most valuable cryptocurrency in the global market, has experienced a strong upward movement, recording an additional three percent increase in value on the day. Within seven days, the Ethereum price has increased from $117 to $159, by over 35 percent against the U.S. dollar, making it one of the best performing crypto assets throughout the past two months. Can the Constantinople Fork Effect Continue to Fuel Ethereum? Analysts have attributed the positive price movement of Ethereum to its upcoming Constantinople hard fork. The…

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The First Bitcoin Block Was Mined 10 Years Ago Today

Bitcoin 10 years

Bitcoin’s Genesis block, which was mined on January 3, 2009, at 18:15:05 UTC, is now 10 years old. The Bitcoin Network Turns 10 The marking of the 10th anniversary of Bitcoin’s block 0 is, however, not to be confused with the Bitcoin whitepaper’s 10th birthday which was commemorated last year on October 31 in remembrance of the day the whitepaper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” was released. As CCN reported earlier, Seychelles-based bitcoin exchange, BitMEX, has marked the day by placing an ad on the front page of…

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Bitcoin Above $4,000 Again as Top Cryptocurrencies See Gains Across the Board

Market visualization from Coin360

All of the top 20 cryptocurrencies are seeing moderate gains, with Bitcoin’s (BTC) price going above $4,000 again, according to CoinMarketCap data. At press time, Bitcoin is up nearly four percent on the day, trading at $4,050. Looking at its weekly chart, the current price is lower than the Friday’s high of almost $4,200; but the cryptocurrency is still trading significantly up from $3,294 — the point at which it started this week. Ripple (XRP) — the second largest cryptocurrency by market capitalization — has gained over five percent on…

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Opera For Android Now Has A Cryptocurrency Wallet

Opera blockchain browser

Opera had confirmed earlier this year that it would build a cryptocurrency wallet inside its Android browser. The company has followed through on that promise and confirmed today that the latest version of its browser does indeed come with a cryptocurrency wallet. The announcement was made at a blockchain event in London today. The latest version of Opera for Android comes with a built-in crypto wallet. It will enable users to make transactions online and also securely store their digital tokens within the browser itself. The Opera browser’s cryptocurrency wallet…

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Facebook Is Hiring Blockchain Engineers

facebook blockchain

It appears as though the social media giant Facebook has been quietly hiring blockchain engineers currently. There are five different job listings in the Facebook Careers section. The listings are for the following jobs: data scientist, data engineer, software engineer, and product marketing lead. It is currently unclear as to what exactly Facebook might be doing with these new positions, although Mark Zuckerberg himself (the founder of Facebook) hinted that he might be developing his own cryptocurrency. Although he did not specifically say that this was in the company’s plans,…

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BitGo Now Supports Universal Protocol Alliance Stablecoins

BitGo platform

BitGo, a leading blockchain security and cryptocurrency custodian based in California, has formed a strategic alliance with the Universal Protocol Alliance. The partnership will enable BitGo to offer support for the latter’s cryptoassets, including its U.S. dollar (UPUSD) and euro-pegged (UPEUR) stablecoins, according to a Business Wire press release on December 6, 2018. BitGo Supports Universal TokensPer sources close to the matter, BitGo, a highly-reputed cryptocurrency custodian and institutional cryptocurrency financial services company is now offering support for all tokens from the stables of the Universal Protocol Alliance (UP). In…

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Crypto market loses $6 billion as Bitcoin price retreats to $4,100

Bitcoin trading price

In the last 24 hours, more than $6 billion was wiped out of the cryptocurrency market as Bitcoin (BTC), the most dominant cryptocurrency in the market, recorded a loss of 8.6 percent from $4,500 to $4,110. On fiat-to-cryptocurrency exchanges like Coinbase, Kraken, and Bitstamp, the price of BTC reached a new weekly low at around $4,118. Bitcoin has since recovered to $4,291, but on a weekly basis, BTC remains 21.65 percent down against the US dollar. Similar to Bitcoin’s strength at $6,000 from August to November, despite experiencing an intense…

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Bitcoin plunges below $6,000 to lowest level in more than a year

Bitcoin price

Its price plummeted more than 10% on Wednesday, hitting its lowest level in more than a year. It’s now trading below $6,000, far from the heights it reached during its meteoric rise at the end of 2017. After nearly touching $20,000 in December 2017, bitcoin’s value nosedived in volatile trading over the months that followed. But it has enjoyed a period of relative stability since early September, hovering between $6,000 and $7,000. Wednesday’s drop is a sharp reminder that cryptocurrencies are still an extremely volatile investment. While some people have…

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Bitcoin Cash [BCH] miner process largest block ever on a public blockchain

Block #556034

The renowned blockchain technology research, analysis, and development firm, nChain Group’s mining pool BMG Pool is making the headlines now. The mining pool is shattering many records. The mining pool mined over 32 MB block on the Bitcoin Cash [BCH] network. The largest block ever mined first stood at the height 556034 on the Bitcoin Cash [BCH] chain. Furthermore, the miner processed over 166K transactions. The miner went onto process four more such 32 MB blocks on the blockchain network. Moreover, this resulted in the confirmation of over 166K transactions…

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$62 Million in Litecoin (LTC) Was Just Sent for $0.50

crypto world network news Litecoin

More than 1 million LTC was recently processed for a fraction of a dollar. An anonymous Litecoin (LTC) holder has reportedly transferred a whopping $62 million in LTC for only $0.50, a feat that underlines the true value of digital currency transactions. According to a recent report by Litecoin.com, the transaction was made with 1,159,005.9 and looks to be a consolidation of funds from legacy addresses to a new multi-signature address for better security. Source: sludgefeed.com The 1M+ Litecoin Transaction valued at $62M sent for just 50¢ #Litecoin #Bitcoinhttps://t.co/UrQ6LyGJeg —…

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Binance crypto exchange launches its analysis wing Binance Research

LOOM NETWORK (LOOM)

The most renowned and world’s largest crypto exchange by trading volume, Binance is launching its own analysis and research division. Binance is calling this new analysis wing as Binance Research. Moreover, the research division will focus on creating industry grade analysis reports. The crypto exchange launched the platform on November 8, 2018, for industry analysis. The crypto exchange made the announcement through their official Twitter handle. Furthermore, they also announced it on their official blog about this. The crypto exchange is calling the new firm, an analysis division to the…

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Japanese SBI to create a wallet for its VCTRADE crypto exchange

SBI

Japanese SBI Group, one of the leading global financial services providers, has teamed up with Danish cryptographic company Sepior to create a virtual asset proprietary wallet jointly. The new service, which comes amid growing regulatory scrutiny in Asia, will be integrated into the SBI digital currency exchange VCTRADE, according to a Sepior press release from Monday. SBI chose the Danish firm’s software due to its multiparty computation (MPC) software called Threshold-Sig Wallet Security. Sepior claims that this technology guarantees a high-level degree of protection for the encryption key. Established in…

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CoinMarketApp announce crypto giveaway

Crypto GiveAway

Cryptocurrency App CoinMarketApp is giving away some crypto prizes to reward their users for sticking with them. Featuring a first prize of $300, a second prize of $200, and third place getting $100, winners will have the chance to receive their prize in bitcoin (BTC), ether (ETH), litecoin (LTC), ethereum classic (ETC) or bitcoin cash (BCH). In order to enter the giveaway, users must rate the app in the PlayStore or AppStore and share the app with friends on social media. With an impressive loyalty rate of 94% in September,…

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Bittrex to launch crypto exchange in Malta next month

Malta Crypto World

Bittrex has confirmed that “it will open a branch in Malta on Oct. 1, as part of its global expansion plans,” the Investor reported on Friday, September 14. Bittrex’s co-founder and CEO, Bill Shihara, said at the Upbit Developer Conference on the South Korean Jeju Island: We are now planning to launch Bittrex Malta…This will allow us to list tokens a lot faster. The conference is organized by Dunamu Inc., the operator of one of South Korea’s largest crypto exchanges, the Kakao-backed Upbit. Bittrex has a partnership agreement with Upbit…

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