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Crypto News

Ethereum Classic (ETC) To Get Metamask Support, But Nothing Is Official Right Know

The Ethereum Classic (ETC) community has received news after its director, Anthony Lusardi, announced through the social network Twitter that Metamask, the Ethereum’s browser and wallet, will soon offer support to the ETC blockchain. The executive also said that, although the support is not yet finished, the work continues to develop.

This new still undergoing partnership could generate new possibilities for Ethereum Classic (ETC) and its ecosystem.

Some news articles even reported that Metamask already supported the Ethereum Classic (ETC) cryptocurrency, so Lusardi felt the need to come out to state that Metamask’s support for ETC is not officially confirmed.

We work together and hope it will be included. I must say, the chances are high. But it’s not official.

Anthony Lusardi, Ethereum Classic (ETC) Director

Metamask support for Ethereum Classic (ETC) would greatly benefit the ETC

Metamask is a plugin created as an extension for Chrome, Opera, Firefox, and Brave Internet browsers, which allows you to interact with Ethereum (ETH) blockchain and will soon support Ethereum Classic (ETC), also.

The program can run Ethereum’s decentralized applications (DApps) without the need for a complete node.

Also, Metamask has a secure identity vault and a wallet for Ethereum (ETH) transactions. The software, which is known for its fox mascot, bridges the gap between the user interfaces for Ethereum (ETH) and the web.

Ethereum Classic (ETC) was born out of an Ethereum (ETH) blockchain fork when the implementation of the Decentralized Autonomous Organization (DAO) failed. Let’s remember that after an exploited vulnerability, the DAO project was hacked, resulting in the loss of more than $60 million in ETH.

To financially support Ethereum Classic (ETC) in its development, marketing, and community, the ETC Cooperative (the ECC) was created. The goal is to provide funds for community members to develop their own projects, according to the ECC’s official portal.

Above all that, the future Metamask support for Ethereum Classic (ETC) would benefit the ETC, increasing its usability and adoption rate.

Categories
Crypto

Ethereum Classic (ETC) Surged In Expectation For Upcoming Coinbase Listing And Binance Additions

In the apparent stability of the last few hours, after a double-digit drop for the crypto market since last Sunday, Ethereum Classic (ETC) experienced a strong revaluation, driven both by the removal of the difficulty for miners and by the announcements made yesterday regarding an upcoming Coinbase listing and new ETC trading pairs on Binance. These factors led to a 21.44% boost in the last 24 hours, at the moment of this writing.

While the market as a whole is showing an over 11% loss since Saturday night to reach a total value of about $293 billion, as of this writing, Ethereum Classic (ETC) presents a 21.44% increase in the last 24 hours. The crypto is currently trading at $15.25.

ETC followed a downward trend on Sunday but the announcements made yesterday by Coinbase and Binance were enough for Ethereum Classic (ETC) to boost significantly since yesterday.

Ethereum Classic (ETC) to be listed on Coinbase while Binance will add to new ETC trading pairs

Coinbase announced on Monday that it had begun the engineering work necessary to list Ethereum Classic (ETC) and that at the end of the final testing phase of the technical integration, it will announce the launch of ETC on the platform, a process that is expected to take several months.

Binance, for its part, announced that starting from today, Tuesday, at 2:00 am GMT is offering ETC/USD and ETC/BNB trading pairs. The cryptocurrency exchange platform listed Ethereum Classic (ETC) only eight months ago and provided the ETC/BTC and ETC/ETH trading pairs.

ETC is not the only one to have resurfaced noticeably when the market appears to be sidelined after a sharp downturn. LoomNetwork (LOOM) exhibits a higher level of recovery than ETC, with about 33% increase in the last 24 hours.

Today, LoomNetwork has released the public beta of the Loom SDK (the Software Development Kit), promised two months ago, which seemed to be behind LOOM crypto’s rise. LoomNetwork works as a layer over Ethereum (ETH) network.

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