A vulnerability of a smart contract in one private DAO fund firstly to the leak of cryptocurrency worth tens of millions of dollars (billions as of today) and then to the hard fork of the second-largest blockchain network Ethereum. You can find tons of articles investigating those events, including a wiki page. Even though the purpose here is conclusions, let us refresh in memory what happened five years ago. The DAO was a startup that ran an investment fund in Ether (ETH) and operated as a smart contract on Ethereum. The DAO is a proper name that founders decided to …

In early 2021 Bitcoin and Ether price was the center of attention as each asset seemed to hit a new all-time high every 24-hours and traders called for $100,000 BTC and $5,000 ETH. Fast forward to the present and both assets are still more than 40% down from their all-time highs and the bulls calling for unbelievable price targets are nowhere to be found. A recent report from CoinMetrics reviewed the performance of Bitcoin and altcoins during Q2 2021 and the analysts found that even with the sharp May 19 market correction many assets finished the quarter in the green …

Ethereum Classic (ETC) reached its highest level in almost three weeks Wednesday, buoyed by Barry Silbert-backed Digital Currency Group’s $50-million investment and by an overall cryptocurrency market recovery led by Bitcoin (BTC). The 17th-largest cryptocurrency by market value traded as high as $63.19 — a nearly 98% rise from its June 22 low of $31.91. Meanwhile, the market value of all the Ethereum Classic tokens in circulation crossed $7.53 billion. $ETC was part of the 1%. +65% since Barry told us he was buying. https://t.co/gIa8FAeUQM — Hsaka (@HsakaTrades) June 30, 2021 Digital Currency Group (DCG) revealed on June 21 that …

On Monday, developers of the Ethereum Classic blockchain announced a hard fork to implement the project’s latest version, now scheduled for launch in late July. The upgrade, which the community has dubbed “Magneto,” will include the four Ethereum Improvement Proposals (EIP) first seen in Ethereum’s Berlin upgrade earlier this year. These proposals are meant to improve the network’s security while saving on gas costs by storing addresses and keys in one place for users to access with a single transaction. Beta testing on Ethereum Classic’s Morder and Kotti testnets began on June 2 and June 9, respectively. The Magneto fork …

In the realm of digital assets, Crypto Twitter is a major seat of power. Memecoins and serious large-cap assets alike can see their value rise or fall depending on whether the whimsical Twitter crowd decides to pay attention. Huge rallies and dramatic declines often trigger waves of fear, uncertainty and doubt (FUD) or fear of missing out (FOMO) on the platform, capable of massively amplifying the unfolding price dynamics. Granted, it would be convenient if increases in Twitter volume always spelled price hikes — yet, as the facts demonstrate, this relationship is way, way more complicated than that. Tweet volume …

Trading volume — the amount of an asset that changed hands over a given period — is one of the key metrics that investors use to track price trends and assess the market outlook for a specific coin in terms of liquidity and trader activity. The ranking below zooms in on the fortunes of five coins that have had the greatest increase in average daily trade volume this month compared with the month before. Most of them — although not all — emerged as massive winners in terms of their monthly returns, but the relationship between the price and trading …

The “original” yet ironically "wrong" Ethereum and Telcoin (TEL) are leading a fresh altcoin surge this week. Bitcoin (BTC) fans are already calling time on the fun. Ethereum Classic (ETC), the pet favorite of Digital Currency Group founder Barry Silbert, is up 300% in a week. ETC hits $180: Bull market or "casino market"? In the latest incarnation of the 2021 “alt season,” altcoins are passing the torch between each other as investors chase optimal gains. This year has also seen a curious shift in market focus from a token’s use case to the culture around it. This was epitomized …

The cryptocurrency market provides investors with another day of 'altseason' as the majority of altcoins in the top 100 on CoinMarketCap rallied today. Several large-cap tokens reached multi-year highs and this all took place as Bitcoin (BTC) price struggles to hold any of the news-event-driven gains that it has accrued throughout the week. One of the most notable performances has been put on by Ethereum Classic (ETC), the “unaltered” Ethereum (ETH) fork that has been gaining traction over the past week as its dedication to a proof-of-work consensus mechanism attracts the attention of miners and retail 'Robinhood' investors. Data from …

There exists a meme in the crypto world that goes something like this: “Whenever I buy, the market dumps, and whenever I sell, the market pumps.” Like a cliche, the widespread status of a meme is a sign that it contains an element of truth, as anyone who has spent five minutes on a trading site will have learned with great pain. Those who hold onto a dying coin for too long are considered delusional, while those who sell too soon are derided as having “paper hands.” In between are the estimated 1%–3% of day traders who actually make a …

Every cryptocurrency bull market has at least one surprise catalyst that comes out of nowhere to excite traders and spark massive trading volumes that lift the total market capitalization to new highs. The 2021 bull market is no exception to this rule, and one of the biggest catalysts for growth this year has been the explosive popularity of Dogecoin (DOGE), which has made headlines in traditional and alternative financial circles as its price surge to new all-time highs over the past few months. With such tremendous growth happening in just a few short months, it's only natural for traders to …

Ethereum Classic (ETC) continues to maintain its parabolic price action advance that began in late March. Data from crypto market aggregator CoinGecko shows ETC is up almost 50% in the last 24-hour trading period as of the time of writing. Indeed, the 20th-ranked crypto by market capitalization is currently at an all-time high above $76. The first likely reason for this current price action advance is that it is a continuation of ETC’s positive performance since the end of Q1 2021. As previously reported by Cointelegraph, major forks such as Ethereum Classic and Bitcoin Cash (BCH) had been seeing significant …

The cryptocurrency market awoke to the sight of Dogecoin (DOGE) price surging to as high as $0.69 in the past two days, leading many to wonder if the recent performance of the world's most popular meme token is now the leading indicator for the arrival of alt season. Long-time crypto fans mark the fourth of May as a special day for the Bitcoin community as a whole for being the birthday of one of the earliest known supporters of the Bitcoin network Hal Finney, who would have celebrated turning 65. Data from Cointelegraph Markets and Tradingview shows that while the …