Ethereum Classic Technical Analysis (April 8): Liftoff After Resistance Level has been Broken

Ethereum Classic Technical Analysis (April 8): Liftoff After Resistance Level has been Broken

Ethereum Classic (ETC) is currently trading at $7.32. Looking at the chart below we see that the resistance around $5.4 has been broken and the price is moving upwards with formation of a Bullish engulfing pattern. The current support is at around $5.9, while for the resistance we currently see two hurdles, one minor resistance is at around $7.4 and one major resistance at around $9. Dow Theory According to Dow Theory, the cryptocurrency is…

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46-Year-Old New Yorker Faces 20 Years in Prison for Swindling Crypto Investors

46-Year-Old New Yorker Faces 20 Years in Prison for Swindling Crypto Investors

A 46-year-old Staten Island-based crypto trader is now facing 9 different charges as he swindled nearly $200,000 in cryptocurrency and cash by duping investors. Patrick McDonnell (AKA “Jason Flack) owner of a firm called CabbageTech, has been charged with wire fraud after soliciting investments on Facebook and Twitter, and allegedly using the money for personal use. The defendant was taken into police custody and an arraignment was held later in the day before the Magistrate…

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Weekly Crypto Market Analysis February 20th-27th: Bitcoin SV Goes Up, Bitcoin Cash Goes Down

Weekly Crypto Market Analysis February 20th-27th: Bitcoin SV Goes Up, Bitcoin Cash Goes Down

The whole crypto market seems to be experiencing a downward run. However, this is just a minor correction after two whole weeks of an intense bull run. This is a much-needed correction and we could all see it coming. The whole market is still in a way better position than its condition in January 2019. Amidst the sea of red, there are a few cryptocurrencies which were still trading in green over the past week….

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Ethical Hacker? Attacker Returns $100K to Gate.io after Ethereum Classic 51% Attack

Ethical Hacker? Attacker Returns $100K to Gate.io after Ethereum Classic 51% Attack

So this is something you don’t see every day – a hacker who had already managed to swipe around $217,00 in cryptocurrency from the crypto exchange Gate.io, has returned about half of it. Why? No one knows. On January 7, a mysterious hacker succeeded in the heist of approximately $217,000 in the digital currency Ethereum Classic (ETC) from Gate.io throughout what is now known as the “51% attack.” In this sort of hacking attack, the…

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Ethereum Classic 51% Attack: Security Firm Submits Final Report

Ethereum Classic 51% Attack: Security Firm Submits Final Report

Ethereum Classic (ETC) was recently a victim of a 51% attack. The perpetrators managed to get away with over $1.1 million in ETC. This attack has raised concerns across the industry regarding the acclaimed security of blockchain networks. A Chinese blockchain security firm SlowMist who was also responsible for initially identifying the attack has now released a detailed analysis of the attack, elaborating how the events as they took place chronologically. What is a 51%…

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