Exchange Says 51% Attacker Returned $100K-Worth of Ethereum Classic

by coindesk 01/14/2019

Cryptocurrency exchange Gate.io said Saturday that $100,000 in ethereum classic has been returned following a recent 51-percent attack.



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Updated: 01/14/2019

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%-0.307845

Dai
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%-0.27117

USD Coin
USD Coin$1.01056

%-0.190947


Updated: 01/14/2019

via coindesk01/14/2019

The Ethereum Classic Attacker Has Sent a Bigger Message

If a permissionless blockchain doesn’t have a large enough community of users, developers and miners, its vulnerable, writes Michael J. Casey.


via livebitcoinnews01/08/2019

Vitalik Buterin Positive on Plasma-Like Scaling on Ethereum: Real Progress

Vitalik Buterin has expressed his positivity on a Plasma-like scaling solution on Ethereum, which allows for handling 500 transactions per seconds or more.  ‘Amazingly Cool’ – 500 TPS on Ethereum Developers at a start-up called Matter Inc, in collaborations with the Ethereum Foundation, have launched a Plasma-like scaling solution. Ignis, as the project is called,...

via bitcoinist01/08/2019

Ethereum Classic Reels From 51% Attack: Double-Spends Reported

Coinbase has frozen trading of Ethereum Classic (ETC) as developers continue to clarify reports that the coin’s network suffered a blockchain reorganization attack. Coinbase, China And ASICs Originally reported as rumors January 6, ETC has since succumbed to a mystery offensive which officials have yet to explain. The Coinbase move came following allegations from the exchange that ETC had undergone a reorganization and malicious parties had double spent coins worth almost $500,000, following what is