Gate.io Research Confirms 51% Attack on Ethereum Classic
Research from Crypto Exchange Gate.io confirmed that 51% attack has occurred on Ethereum Classic.
- Girish Vidhani
- Jan 10, 2019
- Nov 10, 2024
Research from Crypto Exchange Gate.io confirmed that 51% attack has occurred on Ethereum Classic.
$460,000 worth of ETC cryptocurrencies have been stolen following a 51% attack on the Ethereum Classic blockchain platform.
We've applied Technical Analysis to Ethereum Classic (ETC/USD) price chart, and see that 50 days Simple Moving Average is indicating Sell signal.
The exchange currently has USD trading pairs for Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and TrueUSD (TUSD).
"The SEC came out and postponed that decision. A little spoiler alert, on September 30, SEC will likely postpone in again, because the market is not ready for it and the SEC hasn’t had the answers to their questions yet.”
In their latest announcement, Coinbase has now confirmed that they will be listing Ethereum Classic (ETC) cryptocurrency in the coming months.
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