ETH
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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.
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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.