Ethereum Classic 51% Attack Would Cost Just $55 Mln, Result in $1 Bln Profit: Research

Ethereum Classic 51% Attack Would Cost Just $55 Mln, Result in $1 Bln Profit: Research

A Brazilian researcher has calculated that it could take just $55 mln to hack a major cryptocurrency network for $1bln profit in new findings, TNW reports Friday, May 22. Husam Abboud of FECAP University in São Paulo used the example of Ethereum Classic (ETC) to demonstrate the hackability of cryptocurrency networks using Proof-of-Work (PoW) algorithms. “We can safely estimate The Cost of a 51% attack […]

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Technical Analysis : Ethereum Classic

Technical Analysis : Ethereum Classic

Ethereum Classic ETC/USD, 4-Hour Chart Analysis ETC continued to lag the other majors during the sell-off, as it plunged back in the previously dominant declining trend after the strong initial post-crash rally. The deep correction means that the coin is now back near the $23 level, and long-term investors could once again add to their […]

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Ethereum Classic: Going Against the Grain

Ethereum Classic: Going Against the Grain

Slow, slow Sunday morning here. Bitcoin dipped around 3% over the past 6-8 hours, but I am thinking this week we can pick up some steam. Let’s not forget that this week bitcoin is up 16%, Ethereum is flat and Litecoin is down 5%. None of the altcoins have had a significant breakout that would […]

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Technical Analysis: Ethereum Classic

Technical Analysis: Ethereum Classic

Ethereum Classic ETC/USD, 4-Hour Chart Analysis ETC had a bearish shift in short-term momentum yesterday, and the coin hasn’t been able to recapture the $32-$34 support/resistance zone so far, although it remained above the $30 level. We still expect the rally to continue, despite the slightly stretched long-term picture, with further resistance ahead just above […]

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