ETH-USD Dives on Continuing Division in Ethereum Community


ETH-USD is down 1.8% on today’s open, trading at $12.61 at the time of writing as cryptocurrency exchanges start to voice their support for Ethereum Classic (ETC). Exchanges now control customer’s ETC holdings, which are proportional to the customer’s ETH holdings due to the hard-fork. Users are demanding that their ETC should be made available to them and in the last 24 hours, support for Ethereum Classic has been announced by Stampery, following major exchanges such as Poloniex, Kraken and Yunbi whereas major exchange BTC-e has come out against ETC, calling it a ‘scam’.

Uphold, a cloud-based financial service, stated yesterday that they have no plans on implementing ETC but will be working to deliver ETC amounts to their members. During the first few days of the fork, one of their hot wallets was subject to a replay attack aimed at misappropriating ETC funds, resulting in a temporary loss of ETC worth $25,000. This has since been resolved and their funds are now in cold storage. Something similar happened to BTC-e, perhaps due to being unprepared for the full ramifications of the hard-fork. Coinbase is also dealing with a leak in their ETC

Read more ... source: TheBitcoinNews