30 Aug '16, 2pm

Millions of Dollars Worth of ETC May Soon Be Dumped on the Market

Millions of Dollars Worth of ETC May Soon Be Dumped on the Market

Ethereum Classic ’s ability to gain a somewhat sizeable market share in terms of price and network hashrate has been surprising to many in the digital currency ecosystem, but the darling of blockchain immutability may soon face an issue with new coins coming onto the market from those who may not have that particular blockchain’s best interests at heart. Over the course of the next week, two things will happen. First, roughly 4.1 million ETC will be made available for withdrawal this morning , August 30, from the so-called “White Hat DAO ,” which is a child DAO created by a group of individuals working to protect DAO token holders from bad code that allowed an attacker to partially drain The DAO of its ETH (and now ETC) holdings. The DAO token holders who receive these funds will be able to sell the ETC for ETH or any other asset on the open market for the first time since...

Full article: https://bitcoinmagazine.com/articles/millions-of-dollars-...

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