DAO Hacker Donates Funds to ETC Development Team Ethereum

DAO Hacker Donates Funds to ETC Development Team

Earlier this week, the alleged DAO hacker moved their funds from the Ethereum Classic chain. While transferring the Ether, the hacker moved 1,000 ETC, approximately $1420 at the time of publication, to the Ethereum Classic’s development team. The address was originally listed by ETC member, Bit Novosti, as a donation address to help with future ETC projects. This donation kept many believing the theory that the DAO hack in June was an insider job. However, it was a small donation. The hacker stole over 3.6 million Ether, currently valued above $5 million. If this theory were true, the hacker would have sent a significant amount to the ETC developers. A logical reason for the...
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Ethereum Classic (ETC) Is Aiming To Align With Ethereum (ETH) Ethereum

Ethereum Classic (ETC) Is Aiming To Align With Ethereum (ETH)

The DAO attack recently resulted in the Ethereum hard fork, the significance of which is still lingering and will continue to do so for a long time. The reason behind this is that this attack resulted in the bifurcation of the Ethereum blockchain. The newly formed chain is known Ethereum while the old chain that did not embrace any alterations to the code was renamed as Ethereum Classic (ETC). Not only did the two coins adopted different roadmaps but also the original chain remained incompatible and lacked upgradation. This implied that none of the current upgrades and updates could be...
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Ether's Start to 2018 Has Broken Records (In a Bad Way) Ethereum

Ether’s Start to 2018 Has Broken Records (In a Bad Way)

Ethereum's ether (ETH) token fell 47.5 percent in the first three months of 2018 - its worst quarterly drop on record. While the notable slump came amid a general downturn afflicting the cryptocurrency markets, it was also exacerbated by problems more unique, perhaps, to ethereum. However, although the decline appears major at first glance, it looks like a drop in the bucket when compared to the astounding 9,382 percent rally ether saw in 2017. Looking at the historical data above, the cryptocurrency's previous worst quarterly performance came at the end of 2016, when it fell by 39.6 percent from $13.2...
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