Ethereum is down more than 5% and it broke the $130 support area against the US Dollar.The price is currently testing the $125 and $126 support levels, with a positive bias.Earlier, there was a break below a contracting triangle with support near $132 on the hourly chart of ETH/USD (data feed via Kraken).Bitcoin is down...Read More
Ethereum co-founder Vitalik Buterin suggested a faster way to migrate data to ETH 2.0, meaning the long-awaited upgrade may come sooner than expected. In an Ethresear.ch proposal dated Dec. 23, Buterin described a way to do away with Ethereum 1.0’s current proof-of-work blockchain. This would allow the project to merge with Ethereum 2.0’s beacon chain...Read More
Funds from the recent theft from the Upbit exchange are on the move, according to a Whale Alert tweet. A transaction of 2,000 Ethereum shows that the hacker keeps trying to obfuscate the whereabouts of the funds. Ethereum Taken from Upbit Moved to Multiple Smaller Wallets The Upbit hack at the end of November took...Read More
Upbit, a South Korean exchange woke up to a major hack on 27 November, resulting in the loss of $51.7 million worth of Ethereum. Ever since the hack, many exchanges came forward to freeze the movement of the stolen funds; however, that has not stopped hackers from trying to move these funds to various unidentified...Read More
A recent poll has indicated that a large portion of the Ethereum community, on Reddit at least, is in favor of reducing block rewards and ETH issuance with the next hard fork. Another Ethereum Upgrade Nears It has been less than a month since Istanbul ushered in some interoperability, security and cost reduction improvements for...Read More
Ethereum Foundation officially announced that the network will be undergoing a scheduled upgrade on block number 9,200,000 for Muir Glacier. This upgrade which follows Istanbul is expected to be activated on the mainnet around January 01, 2020, at Block number 9,200,000 Ethereum Foundation’s tweet read, “[IMPORTANT] Upgrade your nodes for the Muir Glacier upgrade happening...Read More
Ethereum’s price has incurred some notable upwards momentum today after being plagued with a long period of firm sideways trading that came about after ETH’s dip to lows of $120 last week.This period of consolidation appears to be resolving in a bull-favoring movement upwards, which could support the notion that ETH’s recent lows will mark...Read More
Indian economy has been surfing troubled waters for quite some time. Several proposals have been made by economists and taxpayers across the country to resolve the situation. The Indian government, although it has embraced the idea of “digital India”, isn’t really convinced about the entire concept of cryptocurrency, while being cautious about blockchain. The government...Read More
A six-year-old girl in London found that somebody had already written a message in one of a box of charity Christmas cards. It had apparently been written by a foreigner detained in a Shanghai prison and forced to work in the factory where the cards are produced. The prisoner should be thankful that he wasn’t forced...Read More
DeFi ecosystem offers users bank like options including lending and borrowing platforms, payment platforms, derivatives platforms among several others. While most of the DeFi applications are built on the Ethereum blockchain, Ethereum seems to be making headway in the same. Ethereum not only seems to be taking a lead with regard to the applications in...Read More
Ethereum (ETH) has been facing bearish price action over the past several days and weeks, which comes about concurrently with a recent and ongoing Bitcoin recovery that has allowed BTC to put significant distance between its current price and its recent lows.Ethereum’s bearishness may have been perpetuated by a violent rejection at a key multi-year...Read More
Team Just, the brain trust behind viral hit Fomo3D, are back with an eagerly anticipated new dapp, this time on Tron. Just.game has been dubbed “a showcase of how blockchain technology can be used to create an autonomous company that constantly generates revenue and distributes it to anyone crazy enough to play with it.” In...Read More
After CryptoKitties, the Ethereum blockchain again has an application that has been the most active on its network recently. Following the launch of its .crypto registry for blockchain domain names, Unstoppable Domains has stormed to the top of the most active dApps (decentralized applications) on Ethereum. Over 30,000 .crypto transactions were processed by users within...Read More
Unlike traditional fiat and bank accounts, cryptocurrencies provide privacy and censorship-resistance to a certain extent. But the fact that there have been many instances when cryptocurrencies were confiscated by regulatory authorities paints a picture that the government can get users’ money even if it’s crypto-money. In recent news, the US government revealed using the popular...Read More
As Ethereum nodes kept falling over the course of 2019, nodes in Bitcoin’s network continued to grow. As per Trustnodes, Ethereum’s network was the largest when it came to the number of nodes, and the blockchain dominated the industry in terms of size. However, the number started falling in 2019, currently being down by around...Read More
Outlier Ventures, a venture capital firm, said that 2020 will be the start to a new phase in crypto, bitcoin, Ethereum, and blockchain following ten years of development and speculation.The firm’s head of research Lawrence Lundy—which has invested in major cryptocurrencies like bitcoin, Ethereum, Cosmos, Brave, and Chainlink—said that the next ten years will be...Read More
During the last two weeks as cryptocurrency prices slid below long term foundational support, speculators assumed Plustoken scammers may be behind the dump. Blockchain intelligence firm Chainalysis published a report which claimed Plustoken coin sales might be dragging BTC prices down. Moreover, on December 19, Plustoken scammers moved 789,525 ETH ($101 million) from one address...Read More
The scalability trilemma, coined by Ethereum’s creator Vitalik Buterin, stated that a blockchain can “only at most have two” of the three aspects: decentralization, security, and scalability. With Proof-of-Work blockchains sacrificing scalability, Proof-of-Stake was touted as the approach forward. However, more and more exchanges are getting involved in the process of Staking, some have expressed...Read More
On December 16, 2019, Parity Technologies announced that its Ethereum client, Parity Ethereum, would be maintained by a decentralized autonomous organization (DAO). Without the proper funding, however, critics pointed out that the project will likely collapse. Stepping back even further, the move highlights the ever-growing divide between Parity and Ethereum ecosystem at large. Transitioning to...Read More
December is almost over, and it’s safe to say that it has been action-packed. Over the past week, Bitcoin’s price went on a rollercoaster, dropping to a low of around $6,500 only to correct to approximately $7,200 where it currently trades, leaving many to question whether the bottom was already in. Looking at the bigger...Read More
Crypto research group Coin Metrics recently released issue 30 of its “State of the Network” series, which ranks crypto assets by auditability. Taking into account node operation, synchronization, normal operation, code audit and extraction of ledger data, the top 10 cryptocurrencies by market cap were ranked. These were also ranked on ease of ledger reconstruction,...Read More
The Ethereum platform is streets ahead of its competition in terms of dApps and developers according to recent research. Ethereum User Base Growing A recent industry review from DappRadar paints a rosier picture for the Ethereum ecosystem than its current bearish price reflects. The decentralized application metrics firm released its first end of year industry...Read More
Coinfloor, the oldest crypto exchange of the United Kingdom, decided to go back to being the “Only Bitcoin” Exchange. The UK’s crypto exchange will delist other cryptos on the exchange from January 2020. At present, Coinfloor supports Ethereum, Ethereum Classic, Bitcoin Cash. However, only Bitcoin will be supported by its 11th Anniversary on this exchange. ...Read More
Ripple price is still trading in the red zone below the $0.2000 resistance against the US dollar.The price is declining and it could soon break the $0.1840 support area to continue lower.This week’s key bearish trend line is still active with resistance near $0.2055 on the hourly chart of the XRP/USD pair (data source from...Read More
Yesterday was an overwhelmingly bullish day for the cryptocurrency markets, with Bitcoin posting a large surge from its lows of $6,400 that led Ethereum (ETH) and most other major altcoins to climb as much as 10%.This upwards momentum was somewhat fleeting however, and Ethereum’s retrace from its recent rally may stem from the ongoing sale...Read More
Things are not looking Merry for Ethereum over this Christmas period. After initially being one of the standout performers of 2019, ETH’s valuation suffered owing to major slumps over the past two months. However, despite losing all its positive yield in 2019, Ethereum’s current price may be highlighting a long-term trend reversal for the world’s...Read More
DeFi, or decentralized finance, is an essential part of an open financial system. DeFi tools are censorship-resistant, unbiased, and available to anyone with a smartphone. That’s why for this winter’s hackathon, we focused on bringing DeFi to the world. Hackathons are a critical part of Coinbase’s culture. They’re a great opportunity for anyone to pursue...Read More
A new study of 140,000 crypto addresses finds that few accounts are needed to form majority ownership of many coins. More than half of all LTC is held in just 189 non-exchange addresses, and on average, the top 100 ERC20 tokens are majority-owned by just 34 addresses. Almost 1 in 4 tokens had a majority...Read More
The saga with one of the largest alleged scam projects in the cryptocurrency world continues. PlusToken’s officials were arrested several months ago, but a recent report shows that over $100 million worth of Ethereum was transferred from a company wallet to an unknown one. $100 In ETH Transferred From PlusToken The popular cryptocurrency monitoring resource,...Read More
A recent “whale” transaction of 789,525 Ethereum (ETH) was claimed to belong to the wallets of the PlusToken scam. The exact holdings of ETH for the scheme are unknown, but this tranche alone is worth $105 million. PlusToken Still Holds onto Part of BTC, ETH Haul PlusToken, despite the law enforcement crackdown against the team,...Read More
