Ethereum Classic’s Gambit to Stifle 51% Attacks: Make a MESS

Attacks are cheap. Ethereum Classic's new finality system, MESS, makes them more expensive, says ETC Labs CEO Terry Culver.

BTC, XRP, ETH, LINK, etc: Is too much crypto in your portfolio a problem?

They say you need to be brave to invest in cryptocurrencies.  In a market where price changes over 10 percent and pump and dumps are a common occurrence, a bit of safety shouldn't go amiss.

Fight fire with fire: MIT scholar suggests ETC counters 51% attacks

Game theory suggests ways for Ethereum Classic to deter double-spend assaults, say MIT researchers. The recent 51% attacks on Ethereum Classic (ETC) have raised fresh questions about the security of proof-of-work blockchains.

EOS long-term Price Analysis: 14 September

EOS was/is a supposed competitor to Ethereum and a new place for smart contracts, DApps, etc.

ETC Labs CEO: Rented Hash Power Is “Huge” Problem For Proof of Work

Ethereum Classic has fallen victim to multiple 51% attacks—and rented hash power is a "huge vulnerability" for it and other proof of work protocols.

ETC Labs collaborates with Storj’s ‘Tardigrade’ cloud service

Ethereum Classic Labs today announced a collaboration with cloud software solutions provider Storj Labs’s to increase the syncing performance of an Ethereum Classic node in a trustless manner using The post ETC Labs collaborates with Storj’s ‘Tardigrade’ cloud service appeared first on AMBCrypto.

ETC Labs startups can now access automated transaction tracking

Regulatory compliance requirements are becoming increasingly important.

ETC labs announces partnership with Chainalysis

Ethereum Classic Labs (ETC) announced a partnership with the blockchain analysis company, Chainalysis to offer Chainalysis KYT (Know Your Transaction) that would help cryptocurrency businesses comply The post ETC labs announces partnership with Chainalysis appeared first on AMBCrypto.

Hash Power Broker Nicehash Denies It Enables 51% Attacks on ETC Network

Hash power broker Nicehash denies that it enables bad actors to use its hash renting platform to launch 51% attacks on blockchain networks.

Crypto Investors Have Ignored Three Straight 51% Attacks on ETC

Three 51% attacks on the Ethereum Classic network have not yet made a significant impact on the price of its cryptocurrency.

51% Attacks a “Universal Problem” For Proof of Work, says ETC Labs CEO

"Security is an issue on Ethereum Classic," said Terry Culver, CEO of Ethereum Classic Labs, as he detailed the response to the 51% attacks.

IOHK’s proposal for the ETC community could use Cardano or Bitcoin for prevention of 51% attacks

Will Ethereum Classic's community accept this new solution from Charles Hoskinson's IOHK? Earlier today, IOHK presented its checkpointing proposal to the Ethereum Classic (ETC) community.

Ethereum Classic Labs Announces Plans to Enhance ETC Network Security After Third 51% Attack in a Month

Less than a week ago, on Aug. 29, ETC suffered its third 51% attack on the network, with the first attack on Aug.

ETC Labs believes regulation is the key to preventing future 51% attacks

Enacting such legislation effectively could be a major challenge, however. Responding to numerous 51% attacks on the Ethereum Classic blockchain, ETC Labs said that it's time to bring regulation to hashpower rental marketplaces, citing the fact that at least two of the attacks were perpetrated by renting hash power through NiceHash — a claim that has been confirmed by both NiceHash and ETC Labs.  ETC Labs CEO Terry Culver also shared with Cointelegraph that according to the information that was provided by CipherTrace, which was hired to investigate the attacks, the attackers used proceeds from the first attack to rent hashpower for the second attack.

Ethereum Classic suffers another 51% attack

It’s the third attack this month. The Ethereum Classic (ETC) network was hit by another 51% attack on August 29, causing the reorganization of more than 7,000 blocks just weeks after proposing security upgrades. In a tweet, Ethereum Classic confirmed the attack and promised it is working on potential solutions to the problem. “While ETC is still making progress in evaluating proposed solutions, we are aware of the current risk to the network at these low hash rate levels.

ETC Labs Rolls Out Fixes to Thwart Further 51% Attacks on Ethereum Classic

Shaken by weeks of network-overwhelming hacks, ETC Labs has outlined its security response.

Chainlink, ETC, Dogecoin Price Analysis: 18 August

Chainlink's price dipped alarmingly, registering close to 20% loss within an hour.

Ethereum Classic 51% Attack: Okex Crypto Exchange Suffers $5.6 Million Loss, Contemplates Delisting ETC

Cryptocurrency exchange Okex reveals it suffered the $5.6 million loss as a result of the double-spend carried out by the attacker(s) in Ethereum Classic 51% attack.

OKEx Mulls ETC Delisting After Losses From Two 51% Attacks

OKEx admitted a total loss of approximately $5.6 million from the recent Ethereum Classic 51% attacks and could delist ETC from its exchanges.

Two Attacks on ETC Network Leave Community Needing a Solution, Fast

Multiple Ethereum Classic blockchain attacks leave significant discussions on what actually happened. Ethereum Classic, a 2016 hard fork from Ethereum’s main blockchain, has suffered multiple concerning network attacks over the last two years.

OKEx May Delist Ethereum Classic If It Doesn’t Upgrade Its Security

ETC’s bad month isn’t over yet. ETC is facing delisting from OKEx in the wake of a 51% attack that cost the exchange $5.6 million. According to a report recently released by OKEx, the perpetrators registered five accounts between June 26 and July 9, 2020, subsequently depositing 68,230.02 ZEC (worth more than $5 million) on their platform. On July 31, the attackers exchanged their ZEC holdings for 807,260 ETC and withdrew it from the exchange.  The on-chain process of the initial 51% attack on Aug.

WebDollar(WEBD): Constructing the key difference in the crypto ecosystem!

Digital assets such as Bitcoin, Ethereum, XRP, etc, have become popular household terms in the financial world over the past decade.

ETC Group’s Bitcoin ETP Hits $49 Million Assets Under Management in Two Months

Etc Group said Wednesday that its centrally cleared bitcoin exchange-traded product (ETP) has accumulated up to $49 million in assets under management since launch on June 18, 2020.

Chainlink, Monero, ETC Price Analysis: 12 August

The beginning of the week has introduced selling pressure in the cryptocurrency market as, the price of various digital assets including Bitcoin, was noticing a downward trend.

Ethereum Classic’s Leadership Says They Don’t Need Charles Hoskinson's Bailout

ETC quickly sidelines an interesting offer from Charles Hoskinson. Cardano (ADA) founder Charles Hoskinson recently offered to help the troubled Ethereum Classic (ETC) community, but it came with a major condition.

Will Bitcoin be the go-to asset during the incoming stagflation?

Bitcoin has been termed as many things, an uncorrelated asset, diversification for portfolios, a bubble, etc.

Ethereum Classic Labs Mounts Legal and Technical Response After Network Suffers Two 51% Attacks

The team behind Ethereum Classic (ETC) says it’s launching a legal and technical response after the network suffered two 51% attacks in a matter of days.  According to the blockchain intelligence firm Bitquery, the attacker has stolen a total of $7.28 million in ETC since the start of August.