Only Centralized Crypto Networks Immune to 51% Attacks: Litecoin’s Lee

Ethereum Classic (ETC), the smaller spinoff of Ethereum, is still reeling from the 51% attack that was carried out on its blockchain, resulting in the theft of more than $1 million in ETC tokens and an almost 10% erosion of the cryptocurrency’s value. Reactions to this attack have been pouring in from various quarters, including …

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, …

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 …

Coinbase Announces Final Testing Ahead of Ethereum Classic Listing

Coinbase has announced that it is in the final stages of testing support for ethereum classic (ETC) as it prepares to offer support for the cryptocurrency across it different services. In a statement published on its official blog, the platform revealed that it is making the information public in line with its new process for …