ETH
Ethereum Classic (ETC) Overview
- November 30, 2023
- Posted by: Bitforum
- Category: Blockchain, Research, Technology
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The genesis of Ethereum Classic traces back to the Ethereum DAO hack in 2016, which resulted in a fork of the Ethereum blockchain. The current Ethereum network represents the forked chain, while Ethereum Classic remains the original chain where the DAO hack occurred.
The Ethereum Foundation sold 1,700 ETH for 2.74 million USDC.
- October 11, 2023
- Posted by: Bitforum
- Category: Business, Uncategorized
According to transaction data from analytics firms, the Ethereum Foundation liquidated approximately 1,700 ETH valued at 2.7 million USD, subsequently converting it all into the USDC stablecoin.