Key Highlights Ethereum classic price after a decline against Bitcoin started to consolidate above a major support of 0.0020BTC. Yesterday’s highlighted bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) is still in play and acting as a resistance. There is a minor chance of a recovery in ETC/BTC if the price continues to consolidate above 0.0020BTC. Ethereum classic price started to trade in a range above a support area versus Bitcoin. Can buyers gain strength for a recovery? Ethereum Classic Price Support Ethereum classic price yesterday moved down and traded towards 0.0020BTC versus Bitcoin where buyers appeared. There was a false spike below the stated level, which should not be considered as the price recovered well. The price is now…
Key Highlights Ethereum classic price continued to move down against Bitcoin and tested the 0.0020BTC level as forecasted. Yesterday’s highlighted bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) acted as a resistance and pushed the price down. The final sell target in ETC/BTC was achieved, and I think it’s time to stay away for the next move. Ethereum classic price dived down versus Bitcoin and tested the final sell target of 0.0020BTC as forecasted in yesterday’s post. Ethereum Classic Price Losses Ethereum classic price weakened further during the past 24 hours against the US Dollar and faced a lot of selling pressure. I mentioned in yesterday’s post that there is a high possibility of a test of 0.0020BTC in ETC/BTC. The price did…
Key Highlights Ethereum classic price continued to weaken against Bitcoin and looks set for more losses moving ahead. There is a bearish trend line formed on the hourly chart of ETC/BTC (data feed via Simplefx), which may act as a hurdle if the price recovers. It looks like the ETC may decline further and test the all-important 0.0020BTC level. Ethereum classic price faced a lot of offers recently versus Bitcoin, and it may continue to face sellers in the near term. Ethereum Classic Price Decline Ethereum classic price failed to move higher against Bitcoin and traded lower. In my last analysis, I forecasted a new low in ETC/BTC, and the price did move down. The recent low created by ETC was 0.0021BTC. It looks like the price is under a lot of pressure and may…
Josh Stark is head of operations and legal at Ledger Labs, a blockchain consulting firm and development group. In this opinion piece, Stark discusses the nature of blockchain communities, indicating that he believes current “problems” in blockchain governance may need to be better observed before they can be understood. Recent events have forced ethereum’s community to the forefront. On 17th June, a critical security vulnerability in an ethereum application called The DAO was used to drain millions of dollars worth of ether into accounts controlled by an anonymous attacker. After a period of deliberation, a majority of core developers, miners and other members of ethereum’s community decided that the best path forward was to hard fork the…
Lukas Abegg is a lawyer with master’s degrees in Swiss and US law. He is currently a visiting researcher at the Humboldt University in Berlin, where he is writing a PhD thesis on a topic at the intersection of law and technology. In this opinion piece, Abegg discusses smart contract development within the context of mathematics, arguing that establishing benchmarks like “code is law” may place significant stresses on the smart contract concept. After The DAO experiment failed, a heated policy debate ensued about how to go forward with the development of ethereum’s blockchain. The positions ranged from holding on to the immutability paradigm with “code is law” as the most important rule to follow, to a more human approach…