Ethereum’s long-term fundamentals are intact, but short-term price action is expected to bring pain, analyst claims. | Image: shutterstock.com Ethereum may be due for one last leg down. Despite ether’s bearish price action in 2019, it has made significant progress. The cryptocurrency’s growing fundamentals will likely eventually catalyze a new bull market. Just like bitcoin,...Read More
Bitcoin saw a 7.51% price increase over the past week that allowed it to rise above the previous range it was trading within. The cryptocurrency broke above the upper boundary at $7,800 and continued to surge much higher as it reached expected resistance at the 200-days EMA at around $8,160. The cryptocurrency did climb even...Read More
The world of cryptocurrencies is often talked about in the context of future developments, which is why Bitcoin mining has been largely spoken of in the background of the upcoming halving. However, altcoin mining has been fairly unnoticed. Unlike Bitcoin mining, altcoin mining is considered more complex. Thus, it is still at a relatively nascent...Read More
‘Ethereum 2 is coming’ has been the tagline of the Ethereum community for the past several years. However, the new phase, Serenity, is set to come to fruition soon, with the team outlining 2020 as the year it would start rolling out. Serenity would be launching in three phases – phase zero, phase 1, and...Read More
Ethereum, the leading smart contract platform, will be taking the first step towards its most awaited upgrades this year. The platform will initiate its shift from proof-of-work to proof-of-stake with the launch of phase zero of Serenity. The main aspect of this stage is the rollout of Beacon Chain, while the other phases will see...Read More
When it comes to the massive adoption of cryptocurrencies and blockchain-based technology, decentralized applications (DApps) are considered as one of the pathways to it. According to a recent report, 2019 has seen a serious number of new DApps coming out. More interestingly, though, TRON has managed to establish itself as the second most-used platform for...Read More
Ethereum Foundation Researcher, Virgil Griffith, who was last in the news after he was arrested by the FBI for traveling to North Korea and attending a conference in Pyongyang, has now been formally indicted for “conspiracy to violate the International Emergency Economic Powers Act.” The latest development was first revealed by Inner City Press on...Read More
The prices of most major cryptocurrencies have responded positively to the new year. With the price of Bitcoin [BTC] rising, other altcoins are following its lead and noting a spike in price too. Ethereum [ETH], the second-largest crypto in the world, completed its crucial Muir Glacier update recently, having noted an almost 12% growth since....Read More
The research team at Malta-based crypto-exchange Binance recently published its third report on decentralized finance applications. The report analyzed network data provided by DAppReview, as well as recent developments in the DeFi space, focusing mostly on Ethereum. The report claimed that Ethereum’s spectrum of applications is more extensive than other blockchains, adding that its primary...Read More
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
