Ethereum Classic presents roadmap to improve DApp development and overall infrastructure

Experts of the cryptospace are making use of DApp services to simplify the entire blockchain process. Along these lines, Ethereum Classic’s [ETC] core development team has put forth an initiative to revamp its existing ecosystem. Moving forward with an aspiration for refinement, ETC’s team is developing fresh features over blockchain technology, a development that will […]
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Source: AMB Crypto

Atlantis hardfork focuses on eliminating emerging errors & making ETC network more efficient

In any discussion which includes the concept of virtual assets and blockchain, most people often talk about developments solely concerning the Bitcoin community. The marketability of Bitcoin has largely preceded that of the altcoin market. However, altcoins have not stopped developing their own parent blockchain. One of the altcoins which has made tremendous progress in […]
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Source: AMB Crypto

ETC’s mining profitability grows slowly; 2Miners pool records 100% profitability

Ethereum Classic was created in 2016, following a fork of the Ethereum network. Technicals for Ethereum Classic had not been very strong for the past years. Trading at $7.79 with a market cap of $870 million, the 20th largest digital asset failed to post significant gains on the cryptocurrency charts. However, mining activity, thanks to […]
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Source: AMB Crypto

Ethereum Classic (ETC) Spring Board Is Atlantis, Prices May Halve To $3.5

Ethereum Classic (ETC) down 7.8 percent
Atlantis may prime ETC bulls aiming at $25

By syncing with other assets, ETC gains were decent. At a precipice, there must be upswings above $10 to reaffirm the presence of buyers ahead of September 2019 Atlantis upgrade.
Ethereum Classic Price Analysis
Fundamentals
Like Ethereum, Ethereum Classic retained smart contracting capabilities and immutability. Following the Decentralized Autonomous Organization (DAO) hack, Vitalik and team forced a split. Meanwhile, Charles Hoskinson, and purists of blockchain principles, rejected tweaks to recover the lost millions.
All the same, it has been a tough journey for Ethereum Classic. Last year was mainly testing. One of the development wings closed doors citing lack of funds. Ethereum Classic is bouncing back, quite literally.
Announced earlier this week, Metronome and ETC Labs will be partnering to improve interoperability. Through this arrangement, Metronome, a blockchain project with a focus of enhancing dApp portability, reliance, and governance, will reap huge benefits. Specifically, its currency, MET, will be fluid, interoperable between Ethereum and Ethereum Classic blockchains. And it gets better.
Atlantis will precede Agharta. The objective in this definitive hard fork is to incorporate ten Ethereum Classic Improvement Proposals (ECIPs). According to Steven Lohja of ETC Labs Core, the goal is to “add support for a subset of protocol-impacting changes introduced in the Ethereum Foundation (ETH) network via the Spurious Dragon and Byzantium hard forks.”
Later, Agharta will “enable the Ethereum Foundation Constantinople and Petersburg network protocol upgrades on the Ethereum Classic network, further maximizing ETC–ETH compatibility.”
Candlestick Arrangement

Presently, ETC is down the liquidity leader board. Week-to-date, the coin is down 7.8 percent but could slide lower if candlestick arrangement leads. ETC is under pressure.
Even though the rebound has been impressive and aligning to BTC’s good fortunes, bears are firm. In a bear breakout pattern, stops are at $10.
From the chart, there is resistance for higher high following this week’s drop and the printing of a bear candlestick, cooling off May upsurges.
Unless otherwise there is a high-volume breakout, canceling losses of Q3-4 2019 and shaking out losses of this week as ETC surge past $10, then traders can buy the dips.
For now, and in light of the above, a safe bet is to exit longs and wait for a pullback preferably back to $5.5.
Technical Indicators
This week’s bar is conspicuous with high participation of 1.8 million. Aforementioned, confirmation of bulls driving prices above $10 ought to be with high trading volumes exceeding 1.8 million. After that, targets will be at $25 as ETC chart a new trajectory. Conversely, odds are ETC will temporarily dip to $5.5 in a retest before bulls snap back to trend.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Ethereum Classic [ETC]: Mining begins in Astor Network as community responds to 51% attack

Ethereum Classic [ETC] endured a 51% attack twice in the month of January, attacks which successfully latched on to ETC’s blockchain for several days. The losses estimated following the breach accounted for more than $1 million. The attack left the community worried as fraudulent actors were able to acquire 51% of the hash power, which was then used to manipulate a string of deposits made on several cryptocurrency exchanges, by reversing them. This prompted Coinbase to halt ETC trading on its platform.
The latest Astor-Network testnet, based on ECIP-1059, was implemented on Ethereum Classic’s [ETC] network in response to the 51% security breach in January. The testnet leverages SHA3 or Keccack256, as it is a Proof-of-Work [PoW] method.
Ethereum Classic on its official Twitter handle announced,

Mining begins on new #SHA3 Astor-Testnet built for potential #Keccack256 PoW implementation https://t.co/veFSJn3zah
— Ethereum Classic (@eth_classic) May 28, 2019

According to the blog post published by Alex Tsankov, DApp Direct’s operator, ECIP-1059 recognized the need for ETC network to branch out from the same algorithm that is used by its fork, Ethereum [ETH].
The post also alluded to transparency in the hashing algorithm and stated that SHA3 enables block producers around the world an equal mining opportunity. This implies that no single team has an edge over the others, despite the fact that the SHA3 is based on a PoW-method. Designed by Keccak team, SHA3 is touted as a “safer block production,” by community members.
Applauding the algorithm, Tsankov tweeted,
“SHA3 Mining on Astor Testnet has begun! My 2 CPU miners are currently putting out a combined 435,000 hashes per second. Remarkable performance from SHA3 – a true mark of quality.”
At press time, the average block time stood at 38.80 seconds, while the average network hashrate was 434.5 KH/s, with the difficulty at 16.84 MH.
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Source: AMB Crypto

Grayscale Gets FINRA Approval to Offer Ethereum Trust to Individual Investors

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Grayscale Gets FINRA Approval to Offer Ethereum Trust to Individual Investors
Under the approval from FINRA, Grayscale’s Ethereum Trust (ETHE) will be available for retail investors which is a positive sign for the entire industry.
Grayscale Gets FINRA Approval to Offer Ethereum Trust to Individual Investors

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Source: CoinSpeaker

Ethereum Beats EOS & Tron to Emerge as Top Smart Contract Platform in April

The first smart contract platform Ethereum has proven its worth in the industry by emerging as the top smart contract platform by far in the month of April. The project attracted a total of 263,000 visitors within the month whose total transaction volume amounted to over $500 million.
Ethereum leads in both aspects
Transaction volumes of smart contract platforms
Ethereum recorded the highest transaction volume and number of visitors as well, followed by EOS which had a transaction volume of $115 million and a number of visitors at 68,000. Apart from these two, there is no more consistency in the two metrics. For instance, ADA had the next highest transaction volume of $113 million but with a much lower number of visitors at only 8,000 than it runner up, TRX. TRX, on the other hand, had a lower transaction volume of $27 million but a significantly higher number of visitors (68,000) than EOS.
The inconsistency also follows for NEO with a relatively high transaction volume of $26 million with only 4,000 visitors, XEM with $12 million transaction volume and only 9,000 visitors while ETC had only $10 million with 14,000 visitors.
The implication of differences in transaction volumes
The statistics show that Ethereum was by far the preferred smart contract platform within the month, beating its first runner up (EOS) by nearly $400 million in transaction volume. For ADA, a small number of visitors (8,000) carried out significantly high-value transactions which placed in it the third place while TRX needed a relatively large number of visitors for the relatively small volume that placed it in the third place. This means the transaction volume of smart contract platforms is not determined by the number of visitors but rather by how much their transactions are worth.
Although Tron’s Justin Sun often bragged about his platform surpassing Ethereum, the latest data suggests otherwise as Ethereum is clearly the preferred platform both by the number of visitors and their transaction volumes. Ethereum may be regaining its popularity and position as the lead smart contract platform and who knows? It may be why Sun wants to collaborate with it.
The post Ethereum Beats EOS & Tron to Emerge as Top Smart Contract Platform in April appeared first on Coingape.
Source: CoinGape

Binance Research: XRP Best Diversifier, Bitcoin and Ethereum Most Correlated

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Binance Research: XRP Best Diversifier, Bitcoin and Ethereum Most Correlated
Binance published their new Research Report in which they took on a different approach in understanding crypto assets. The research showed Bitcoin and Ethereum move in lockstep and the XRP price is the least correlated to other top cryptoassets.
Binance Research: XRP Best Diversifier, Bitcoin and Ethereum Most Correlated

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Source: CoinSpeaker

Rothschild-Linked Oil Tycoon Frank Timis Creates Ripples in Bitcoin Mining Pool

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Rothschild-Linked Oil Tycoon Frank Timis Creates Ripples in Bitcoin Mining Pool
Argo Mining has welcomed Frank Timis – a new whale coming from the oil and gold industries with formidable ties with the Rothschild Bank aiming to cause ripples in the nascent market.
Rothschild-Linked Oil Tycoon Frank Timis Creates Ripples in Bitcoin Mining Pool

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Source: CoinSpeaker

Crypto Market Wrap: Ethereum Classic Pumps 25% as Hard Fork Proposal Proceeds

Crypto markets still moving up; Litecoin, Bitcoin Cash and Ethereum Classic leading the way.
Market Wrap
The momentum has continued throughout the weekend and crypto markets remain buoyant this Sunday. More movement from Bitcoin has pushed total market capitalization up towards $180 billion which is the highest it has been since November.
Bitcoin is up again as it reached a high of $5,200 before a slight pullback. The 2.5% gain on the day has taken BTC prices to $5,150 as volume builds back up and market cap reaches $90 billion. Since last weekend Bitcoin has gained a staggering 25% and optimism has returned for now.
Ethereum has had a minor run on the tails of its big brother and another 2% has taken ETH price to $168. Ethereum faces strong resistance over $170 but a break could send it all the way up to $200. XRP has pulled back from its rally at the end of the week and is back at $0.36 as the gap to ETH widens to over $2 billion in market cap.
The top ten is all in the green during today’s Asian trading session. Litecoin is leading the pack as it jumps 8.5% on the day to reach $95. Three figure LTC is not far away now and this altcoin has been one of the year’s top performers so far over doubling in price. Bitcoin Cash is also doing well at the moment with a gain of 8% taking it to $312. These two again are the clear leaders as the rest add a percent or two.
The top twenty’s big pump is Ethereum Classic which has surged 25% to just below $7. Volume has over doubled from $350 to $800 million. A proposed hard fork called Atlantis as specified in ECIP-1054 may be driving momentum for ETC.

Around a dozen #EthereumClassic contributors, developers, pool & node operators joined today's preliminary meeting covering ECIP-1054 Atlantis, even EF's @virgilgr joined the chat.
Re-Watch ECIP-1054 Community Meeting—Atlantis & #SpuriousDragon Upgradeshttps://t.co/13Tzs687VI
— Ethereum Classic (@eth_classic) April 5, 2019

The rest of the altcoins in the section are currently mixed with minor gains or losses today.
FOMO: Ethereum Classic Crushing it
ETC is the top performing altcoin in the top one hundred today. It has reached a new high for 2019 and is heading back towards price levels before November’s big dump. Ravencoin is back pumping again as it gets a 17% surge on the day as the fomo sends RVN to a new all-time high of $0.072 or 1400 satoshis. Augur is also getting a big move of 13% at the moment.
Getting dumped is Maximine Coin following a previous pump as usual. MXM has dropped 12% on the day. IOST and Aurora are also both dumping with 8% shed at the time of writing.
Total market cap 24 hours. Coinmarketcap.com
Total crypto market capitalization has reached $180 billion, up $5 billion from this time yesterday. Daily volume is still high at $60 billion and momentum has seen most altcoins lifted to their highest prices for 2019. The trend at the moment is bullish but it remains to be seen if this action can be sustained for the longer term.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
The post Crypto Market Wrap: Ethereum Classic Pumps 25% as Hard Fork Proposal Proceeds appeared first on NewsBTC.
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Ripple-Powered XRPL Labs Set to Launch New XRP Payments App

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Ripple-Powered XRPL Labs Set to Launch New XRP Payments App
XRPL Labs, a startup backed by Ripple, wants to make the process of accepting XRP easier for merchants as a mainstream option. The company has designed a payments app that will act as the transition that they need as a point-of-sale system.
Ripple-Powered XRPL Labs Set to Launch New XRP Payments App

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Source: CoinSpeaker

Coinbase Custody Launches Staking Support for Tezos

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Coinbase Custody Launches Staking Support for Tezos
San Francisco-based cryptocurrency exchange Coinbase announced Friday an expansion of its custody business to help its clients squeeze more yield out of the assets stored on its platform. Tezos chosen as their first staking asset.
Coinbase Custody Launches Staking Support for Tezos

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Source: CoinSpeaker