Ethereum Classic Owners Got Richer by 25% in Less Than an Hour

A further date for formally launching the trading of Ethereum Classic on Coinbase will be announced on September 5th, the company said. The news was incredibly well-received by the market, which found ETC at USD 12.88 before the announcement, to as high as USD 16.15 after the announcement, reflecting a 25% gain in less than an hour.

Also, the 24 hours ETC trading volume more than doubled from USD 126m, to USD 289m, according to coinmarketcap.com data. Moreover, Bitinfocharts data shows how the number of active addresses has changed: people who had a stash of ETC hidden away somewhere jumped at the news, and the number leaped from 11,580 on June 10th to 25,930 today, June 12th.

The move also comes just months after Coinbase reiterated in March that it had not made any decisions for adding new assets, following a similar note made in January. At the time, the company said, “The internal asset selection committee has been assessing assets using our Digital Asset Framework, but no assets have been recommended to the Coinbase executive team.”

Inside the Sprawling (Ongoing) Vote That Will Decide When EOS Launches

Almost one week after initiating, one of the largest, strangest experiments in global crypto governance hesitated as it neared its culmination.

While EOS, a new blockchain created by Block.One, which raised approximately $4 billion to build it over the past year, had effectively turned the code over to its users as of last Saturday, into Friday, the fruits of that effort suggest a lack of clear process is holding back progress.

At least two votes that could have ended with a version of the software launching actually took place (based on CoinDesk's view of an unofficial stream of the decision-making). Assembled were candidates vying to become EOS "block producers," or the entities able to process transactions and claim the network's rewards.

40% Of Investors Hold Cryptocurrency Longer

A survey that was shown on Thursday shows that 40% of cryptocurrency investors in South Korea, take more of a long-term view on investments. While the prices of a new form of digital asset seems to be remaining stagnant.

Bithumb, one of the leading cryptocurrency exchanges, carried out the survey of over 2,500 people. The survey showed that around 43% of people said that they would invest in cryptocurrency but with long term management plans as their main interest. Whereas, 27% said that they were looking to see results of profit in the short term.

Around 13% of the people that were involved in the survey said that they would bet their money on digital currencies as it gives them a brief look into the financial market.

Also presented in the survey was that 44.1% of investors said that they would cut down on their investment after the Government establishes taxes on virtual trading, although just over 13% of people said that they would take their money out of the market all together.

However, approximately 40% of people conveyed their intention to continue with their investment despite the tax with only 4.4% percent saying they would prefer to put more of their money into digital assets.

Was Satoshi Nakamoto Pleasant To Work With? No, Says Developer

Satoshi Nakamoto, the creator of Bitcoin, remains the best-known pseudonym in the cryptoverse, and this mystery is one many people are content to leave unsolved. Still, every time something new about the mysterious creator surfaces, the community wants to know - at least to add some level of humanity to their hero.

Although she/he/they vanished - not quite in a puff of smoke - there are some proverbial breadcrumbs left behind, especially in Bitcoin’s whitepaper. He also posted in some forums and exchanged emails with some early Bitcoin developers. One of them was Laszlo Hanyecz, best known for buying two pizzas using 10,000 Bitcoins, now worth USD 77 million, which brought the Bitcoin Pizza Day to life as some sort of holiday.

These Coins Could Be At Risk Under New Microsoft Acquisition Of Github

Yesterday, news surfaced regarding a brand new acquisition of software portal, Github by tech giants, Microsoft.

Github is a platform for software distribution that is used to house various back end software code for developers to access in the pursuit of open source transparency. Developers can use this code to make adaptations to software, use software and create brand new software. Many cryptocurrencies exist through the pure essence of Github, simply because they rely on the nature of open source development to ensure the currencies are mined and can exist. Therefore, under the control of Microsoft, we should consider how some currencies might be affected by changes made within Github.

As it stands, we can’t say if any changes will be made by Microsoft, although it would be strange for them to acquire Github, and then do nothing with it, wouldn’t it?

Privacy coins such as Monero rely on Github to ensure transparency and the longevity of the network. Using Monero as an example, as provided by FInance Magnates, Monero offers total anonymity and thus, is often associated with crime and deviance, something that we know Microsoft and Bill Gates are somewhat against.

Verge's Blockchain Attacks Are Worth a Sober Second Look

The notorious 51-percent attack: it's the major fault in cryptocurrency protocols but it's rarely seen, especially among the most popular cryptocurrencies.

Yet, in the past couple months, the exploit – whereby a single miner (or group of miners) takes control of over half of the network's total computing power and can then bend the protocol's rules in their favor – has been seen twice. And on the same blockchain.

Indeed, verge, a privacy-oriented cryptocurrency recently propelled into the limelight by a partnership with popular adult entertainment site Pornhub, suffered two hacks perpetrated through 51-percent attacks that saw the attackers absconding with millions of dollars-worth of its native cryptocurrency, XVG.

During the first attack in April (only a couple of weeks before the Pornhub partnership), the hacker was able to get away with 250,000 XVG. And during the latest in mid-May, an attacker was able to exploit $1.7 million-worth of the cryptocurrency from the protocol.