Over the past 3 days, Bitcoin has witnessed a surge of 12.3 percent, a development that took its price valuation above the $8000 mark. However, the first week of January was found to be more bullish for altcoins, than the king coin. According to Coinmetrics, major altcoins like Ethereum, XRP, and Litecoin registered negligible growth...Read More
That’s a tidy $1.5 million added in just a month to a $5 million ethereum pot. | Source: Shutterstock.com Bulk of the remaining Ethereum used to buy HEX has been emptied from original address. Creator Richard Heart refuses to acknowledge any involvement with the ETH in question. Surprisingly, the ETH now sits in 36 different...Read More
Etheruem’s Muir Glacier hard fork activated at block 9,200,000 and introduced a code change, EIP 2384, in order to delay the ‘difficulty bomb’ for another 4,000,000 blocks. This was the third instance in two years where Ethereum developers called to push back the ‘difficulty bomb’ which was a part of the original Ethereum code to...Read More
Cryptocurrency data platform, Satiment, recently reported that Ethereum retail holders (with 0.001 to 10 ETH in their addresses) increased their cumulative balance by 195,490 ETH (6.63%), since 1 January 2019. In a post on Twitter, Santiment explained that this rise in cumulative holdings went hand-in-hand with the rise of DeFi DApps on the platform. The...Read More
Bitwala, the Berlin-based Bitcoin wallet, has announced its latest step forward in the world of cryptos by adding support for the world’s second-largest cryptocurrency, Ethereum [ETH]. Being the only banking service for cryptocurrencies in Europe, Bitwala will allow users to trade Ethereum in 31 European countries with individual private keys, the wallet revealed in an...Read More
Ethereum’s latest hard fork, Muir glacier, has successfully decreased the block time by nearly 25%. The hard fork was mainly scheduled to decrease the mining difficulty or the “difficulty bomb,” enabling the production of more blocks in lesser time, while also helping resolve the scaling problem of Ethereum. As per data provided by Etherscan, the...Read More
Ethereum has a bullish short-term trading bias and a bearish medium-term outlook The four-hour time frame shows that a bullish inverted head and shoulders pattern has formed The daily time frame shows that a breakout above the $140 level could be very bullish for ETH/USD Ethereum is moving higher on Monday, as the second-largest cryptocurrency...Read More
On 6 January, Ethereum Co-founder Vitalik Buterin led a discussion on the Ethereum Research forum, a discussion where he outlined a model for scalable data chains without committees through fraud-proof-free data availability proofs. According to Buterin, fraud-proof-free data availability checking schemes preserve more of the properties of a traditional non-sharded blockchain. “If a block is...Read More
More funny business surrounding the HEX token. Should we really be surprised? | Source: Jaiz Anuar/Shutterstock.com The HEX purchase address used 50 ETH to buy more tokens. The tokens were then sent to an exchange to provide liquidity for HEX traders. HEX continues to benefit its founder, to the severe detriment of its investors. Ethereum...Read More
Ethereum Foundation, the non-profit organization that promotes and supports the development of Ethereum, has constantly been criticized for its transparency policy by both members of the ecosystem and outsiders. One of the most prominent figures who has been quite vocal about the policy, or lack thereof, is Bob Summerwill, the Executive Director of ETC Cooperative....Read More
“Ether absolutely can be money if the community wants it to be,” remarked Vitalik Buterin, Creator of Ethereum, at the Ethereal Summit that took place in October 2019. The statement was made after Buterin was asked whether he believed if Ether could be a “global permissionless store of value asset that would be most functional.”...Read More
Ethereum’s latest hard fork has proven beneficial for the network. As Muir Glacier upgrade completes, network statistics are generated. As per this statistics report, ETH Block mining time has reduced by 25% to only 12 seconds from 17sec. Muir Glacier hard fork had another important update for delaying the impending IceAge. As a result, the...Read More
Looking at the overall transaction value of different cryptocurrencies, interesting trends become apparent. It would appear that XRP has successfully overtaken ethereum in this department, at least temporarily. The overall adjusted value of transactions on both networks is relatively high. XRP Beats Ethereum, for a Change Virtually every day, ethereum beats XRP hands down in...Read More
2019 has been crucial to the emergence of the crypto-derivatives market. Many industry experts believe that this sector would soon replicate “positive figures exhibited by the traditional market” as crypto-derivatives become more and more popular with institutional traders and investors continue to jump into the bandwagon. For a long time, the derivatives space was dominated...Read More
Etheruem, one of the largest smart contract platforms, will be seeing a transition to Ethereum 2.0 phase 0 in Q1 of 2020. The shift from a Proof-of-Work network to Proof-of-Stake has undoubtedly been one of the most awaited upgrades in the community as it aims to solve one of the main pain points – scalability....Read More
Bitcoin and Ethereum recorded a lucrative first half in 2019, with many in the crypto-community attributing the performance of the market to the performance of these cryptos. The second half of 2019 was far less exciting for the market, however, as both cryptos registered massive losses. In fact, Ethereum ended the year with a 2.09...Read More
One of the world’s premier cryptocurrency exchanges, Malta-based Binance, has announced initiating trading for BTC, ETH, XRP, BNB, BUSD, and USDT against the Euro, on 3 January 2020, in line with its plans to facilitate more fiat gateways for the growing crypto-community. The official announcement read, “Binance will open trading for BTC/EUR, ETH/EUR, BNB/EUR, XRP/EUR,...Read More
The last few months of 2019 were dominated by bearish sentiments as a host of major crypto-assets dropped below their year-to-date lows. However, it will be uncalled for if 2019 is labeled a poor year for the cryptocurrency market. An influx of institutional investors and significantly improving adoption within the industry have highlighted an improvement....Read More
The Bitcoin ledger is completing a decade on the 3rd and while it is only 2 days into 2020, the ledger is already setting new records. Bitcoin’s hashrate breached its previous high and was recorded to be 119 million TH/s, according to the data monitoring site, Blockchain. Bitcoin’s hashrate has been spiking over the past...Read More
Not your keys, not your coins Let the meaning sink in… It’s the most popular adage in the crypto-community. This mantra is echoed time and again or each time an exchange gets compromised! Just like Satoshi Nakamoto, Trace Mayer ignited the Proof-of-Keys [PoK] revolution on January 03, 2018. To the people outside looking in, the...Read More
The most important aspect of any cryptocurrency is adoption. Many cryptocurrencies in the space have been trying hard to develop use cases around their native cryptos in order to push the adoption of the coin. Active addresses have played an active role in understanding the maximum number of potential blockchain users and according to a...Read More
The year 2019 took most crypto-projects on a wild ride, one filled with a mix of volatility, adoption, thefts, and expansion to and recognition in the mainstream. However, while some coins were occupied by the rough waves of price volatility, others sailed through. According to recent research by CoinMetrics, 50% of the top 18 coins...Read More
Bitcoin witnessed a turbulent 2019 and in spite of high volatility in the market, the king coin registered an impressive growth north of 90 percent. In Coinmetrics’ recent State of the Network report, Bitcoin’s performance with regard to various factors and other assets was evaluated, including fundamental properties and other adoption parameters. A section covered...Read More
The Ethereum mainnet has finally undergone the Muir Glacier hard fork. The update was activated at Block number 9,200,000 on 2 January 2020. At the time of writing, major cryptocurrency exchanges like Binance, Kraken, Bittrex, and Bitso were ready to support the upgrade, while exchanges like Coinbase, Bithumb, Huobi, Poloniex, Gemini and Bitfinex had not...Read More
Ethereum network has successfully completed its latest hard fork, although no official announcement is made. Muir Glacier activated on 2nd Jan 2020 at Block number 9,200,000. This hard fork brings in EIP 2384 improvement proposal. The upgrade will delay the difficulty bomb (known as “ice age”) that was increasing the average mining block time. Further,...Read More
The Ethereum Muir Glacier hard fork was successfully completed, once again delaying the mining “difficulty bomb” that threatens to freeze the network. Defusing the Bomb? Muir Glacier (EIP-2387) was initially proposed because of an underestimation in the onset of the difficulty bomb. As said by Tim Beiko, a product manager working at Ethereum: We thought...Read More
Since Tether’s (USDT) migration to other networks beside the BTC-based Omni protocol, significant shifts have taken place seeing the heavily-printed stablecoin rise to prominence also via Ethereum’s ERC20 standard and Tron’s TRC20 implementation. Ethereum-based USDT supply currently sits at over 2.2 billion tokens, while the Omni equivalent stands at around 1.5 billion. The Tron network...Read More
The world’s second-largest digital asset faced a major crisis on New Year’s Eve. As previously reported, some of the Parity Ethereum nodes failed to attain synchronization, with representatives of Parity fearing that a hack or attack might be underway. The Parity issue raised a lot of concerns within the community, with Liam Aharon, Software Developer...Read More
Another Ethereum hard fork is imminent but not all clients are ready for it. New Year lethargy has left many still unprepared for Muir Glacier which may affect Ethereum’s performance. Ethereum Forks Again At the time of writing the Muir Glacier upgrade is less than two hours away according to the countdown to block 9200000....Read More
New Year’s Eve attack nearly wreaks havoc. Ethereum experienced an attack this week that threatened to cause significant downtime. Beginning on Dec. 30, an attacker sent invalid blocks to the network, causing node operators using the Parity client to lose sync with the network. Sergio Demian Lerner, a cryptocurrency security consultant, explained on Twitter: The...Read More
