Ethereum Classic Losses Top $1 Million after 51% Attack: Coinbase

Losses stemming from an ongoing 51 percent attack against Ethereum Classic have now breached the million-dollar barrier, according to updated figures published by cryptocurrency exchange Coinbase. Ethereum Classic Attack Grows More Costly CCN first reported yesterday that the 18th-largest cryptocurrency appeared to have become the latest blockchain network to succumb to a 51 percent attack, …

Coinbase Says Ethereum Classic Attack Included $500,000 in Double Spends

Contradicting reports from the Ethereum Classic camp, cryptocurrency exchange giant Coinbase announced this afternoon that the apparent ETC blockchain reorganization attack had been accompanied by around half a million dollars in double spends. Coinbase Detects Double Spends on Ethereum Classic Network According to Coinbase, the firm first identified the deep chain reorganization on Jan. 5, …

Cryptocurrency Exchange Coinbase Lists Four More Ethereum Tokens

The most popular US cryptocurrency exchange is continuing its promise to support Ethereum-based ERC20 tokens, adding four more of the coins to the Coinbase Pro platform. Starting today, December 7, Coinbase Pro users can transfer their balances of Civic (CVC), district0x (DNT), Loom Network (LOOM), and Decentraland (MANA) to the exchange, and full trading will …

No Bitcoin ETF Before Important Changes to BTC Markets: SEC Chairman

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. SEC Chairman Jay Clayton has claimed that bitcoin exchanges lack sufficient transparency and monitoring for the market to see approved Bitcoin Exchange Traded Funds (ETFs). According to CNBC, at the Consensus …

Tether Will be Replaced by New Stablecoins, Better for Crypto

On October 3, the price of Tether fell by more than 1 percent, creating a premium on crypto exchanges for traders purchasing major digital assets like Bitcoin with the stablecoin. In an exclusive interview with CCN, respected cryptocurrency trader and analyst Alex Krüger stated that Tether will likely not crash in the short-term, but the …

Coinbase Joins Race For A Crypto ETF, Seeks Help From BlackRock

Coinbase has thrown its hat in the ring to launch a cryptocurrency exchange-traded fund (ETF) and has approached BlackRock for help, according to unnamed sources interviewed by Business Insider. BlackRock, which manages $6 trillion in assets, has pioneered ETFs and has a blockchain working group. Coinbase, which announced a cryptocurrency index fund for accredited investors …

Ethereum and EOS Only Have 8 dApps in Total With 300+ Active Users

According to Kevin Rooke, a cryptocurrency researcher, Ethereum and EOS currently have a combined eight decentralized applications (dApps) with more than 300 active users. Yet, both blockchain networks have multi-billion dollar market valuations with Ethereum at $28 billion and EOS at $4.6 billion. Are Current dApp Usage Rates Not Important? Last year, Coinbase co-founder and …

Coinbase UK CEO on the Biggest Issue Facing Cryptocurrency

Zeeshan Feroz, CEO of Coinbase UK, spoke with CCN recently about the recent developments in the cryptocurrency exchange industry and the space as a whole. Feroz has been with Coinbase since February 2017 and notes that the UK is the company’s fastest growing market. After opening a London office in March of last year the …