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Coronavirus vaccine powerhouse BionNTech (NASDAQ: BNTX) made its U.S. public debut less than a year ago in October 2019, when it raised $150 million selling 10 million American depositary shares (ADSes) at $15 per ADS. Investing $5,000 in the initial U.S. public offering would b
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The Ethereum Classic blockchain suffered a 51% attack Saturday evening, its third such attack this month, noticed by mining company Bitfly, which also spotted the first attack on Aug. 1.
The attack reorganized over 7,000 blocks, or two daysâ worth of mining, according to a tweet shared by Bitfly. The first two attacks reorganized 3,693 and 4,000 blocks respectively.
Notably, a leading organization behind the Ethereum Classic network, ETC Labs, announced its strategy to protect the network from additional attacks last week, including defensive mining that is intended to stabilize the networkâs plummeting hashrate and resist future 51% attacks.
Stevan Lohja, technology coordinator at ETC Labs, in a private message with CoinDesk, said he finds the timing of the attack âvery suspiciousâ as it came just a day after a meeting of Ethereum Core developers regarding âaggressive innovationâ in the blockchainâs proof of work.
ETC Cooperative, another prominent foundation supporting the networkâs development, took to Twitter following Saturdayâs attack saying, âWe are aware of todayâs attack and are working with others to test and evaluate proposed solutions as quickly as possible.â
After the first two attacks, exchange OKEx responded by saying it will consider delisting the asset due to the networkâs severe lack of security. Coinbase also took drastic measures by extending deposit and withdrawal confirmation times for ETC to roughly two weeks.
Following the latest attack, leading cryptocurrency derivatives exchange FTX will reconsider its ETC perpetual futures contracts, according to CEO Sam Bankman-Fried in a private message to CoinDesk. He said this is so even though FTX doesnât support spot trading and the cryptocurrency networkâs insecurity has less of a direct effect on the risk of offering futures trading.
The cryptocurrency seems largely unaffected by the series of attacks, trading at $6.86 at last check, less than 4% below its price during the second attack. The coin has traded hands between $6 and $8 for nearly the entire month of August.
The Ethereum Classic blockchain suffered a 51% attack Saturday evening, its third 51% attack this month, noticed by mining company Bitfly, which also spotted the first attack on Aug. 1.
The attack reorganized over 7,000 blocks, or two daysâ worth of mining, according to a tweet shared by Bitfly. The first two attacks reorganized 3,693 and 4,000 blocks respectively.
Notably, a leading organization behind the Ethereum Classic network, ETC Labs, announced its strategy to protect the network from additional attacks last week, including defensive mining that is intended to stabilize the networkâs plummeting hashrate and resist future 51% attacks.
ETC Cooperative, another prominent foundation supporting the networkâs development, took to Twitter following Saturdayâs attack saying, âWe are aware of todayâs attack and are working with others to test and evaluate proposed solutions as quickly as possible.â
After the first two attacks, exchange OKEx responded by saying it will consider delisting the asset due to the networkâs severe lack of security. Coinbase also took drastic measures by extending deposit and withdrawal confirmation times for ETC to roughly two weeks.
Following the latest attack, leading cryptocurrency derivatives exchange FTX will reconsider its ETC perpetual futures contracts, according to CEO Sam Bankman-Fried in a private message to CoinDesk. He said this is so even though FTX doesnât support spot trading and the cryptocurrency networkâs insecurity has less of a direct effect on the risk of offering futures trading.
The cryptocurrency seems largely unaffected by the series of attacks, trading at $6.86 at last check, less than 4% below its price during the second attack. The coin has traded hands between $6 and $8 for nearly the entire month of August.
An email to ETC Labs seeking comment wasnât immediately returned.
(UPDATE 23:03 UTC):Adding comment from ETC Cooperative in third bullet point.
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