RATE Group | Ethereum Classic (ETC) Price Spike as the Controversial Coinbase Listing is Revisited
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Ethereum Classic (ETC) Price Spike as the Controversial Coinbase Listing is Revisited

07 Sep Ethereum Classic (ETC) Price Spike as the Controversial Coinbase Listing is Revisited

Posted at 20:47h in Ethereum News by

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Ethereum Classic

Ethereum Classic: Just as the crypto market was headed towards recovery, it was slapped with a market crack that saw all the coins and tokens hit the red trading zone. This came shortly after Binance listed Bitcoin Diamond on its exchange. This saw the Ethereum Classic (ETC) price drop from the $13.95 to a low of $11.53.

Ethereum classic has had its own challenges with reported among the coin mining circles.  Miners are in the verge of migrating from the platform to prospect elsewhere. The bone of contention is the developer team and the founder, Vitalik Buterins’, refusal to eradicate the mining difficulty.

The mining difficulty has weighed down miner profitability and diffusing the bomb is the only way out. However, this appears to take more time than anticipated which prompted Anthony Lusardi to clarify the reason for delays in a recent interview:

“There’s a lot of new algorithms being proposed like proof-of-stake, delegated proof-of-stake and…

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