Ethereum Classic he cannot escape the nightmare, as he suffers the second 51% attack in just one week. What is happening?
Ethereum Classic under attack
Ethereum Classic suffers a second 51% attack in a week, after more than 4,000 blocks were reorganized on the Blockchain earlier this morning.
This time the attack was reported by Bitfly, the company behind the mining group Ethermine, through Twitter.
“Today there was another big 51% attack on the #ETC causing a reorganization of over 4000 blocks. Until further notice, ETC payments are disabled and we encourage all of our miners to switch to #ETH in the meantime. “, he pointed.
Likewise, Binance reported earlier today that all Ethereum Classic payments, withdrawals, and deposits would be suspended as a result of the attack.
In addition, a similar attack was recorded on August 1 that gave the attacker more than $ 5 million in stolen funds and, apparently according to Bitquery, only cost the hacker $ 200,000.
So today, before Bitfly made the announcement, the developers behind Ethereum Classic noted in a tweet that crypto exchanges and mining pools will increase “significantly the confirmation times on all deposits and incoming transactions “in light of the” recent attacks on the network“
Will Portnoy Cause A Huge Bitcoin Shortage?
As we report from CriptoTendencia, Dave Scott Portnoy He asked the Winklevoss twins to please explain how to buy all existing Bitcoins.
“I officially invite the Winklevoss twins to my office, to explain Bitcoin to meHe wrote on Twitter. Obviously the brothers ran to accept the request and social networks were excited about it.
Without a doubt, the number of people who decide to join the crypto world and Bitcoin is increasing every day. Who will be the next?
Ethereum traffic is eased
After a busy few weeks, today we reported on CryptoTrend that transaction fees on Ethereum finally fell by 75%.
It was certainly big news, given that it offered a respite to Ethereum fans, who recently experienced a two-year high in transaction fees.
In addition, this represented very good news, since it reflects that the congestion on Ethereum has finally eased.
Goldman Sachs sees potential in a stablecoin of its own
Today it was reported by CNBC that Matthew McDermott, the financial institution’s new global head of digital assets, confirmed that Goldman sachs is exploring the possibility of launching its own digital asset.
“We are exploring the commercial feasibility of creating our own fiat digital token, but it is still early days as we continue to work on possible use cases.”he told CNBC.
But it does not remain an intention without action. One of the first hires is about Oli harris, who previously collaborated with JPMorgan to launch its crypto JPM Coin.
Will we soon see a stablecoin from this important US bank?
In a few lines …
- Report Chainalysis reveals that institutional investors based in North America tend to buy and hold cryptocurrencies to a greater extent than those located in East Asia.
- Analysis performed by Mati greenspan seems to indicate that Bitcoin is no longer correlated with the S&P 500 index.
- The British Pound has hit a 5 month high on the Forex market against the Dollar today.
- The present day Whale Alert reported that 92,857 BTC ($ 1,092,603,640) were sent for a fee of only roughly $ 4.