Ethereum’s price action has been firmly tracking that of Bitcoin’s in recent times, although it has not been able to put as much distance between its recent lows as BTC has. ETH’s bearishness against BTC has come about as investors grow increasingly concerned about the hundreds of thousands of tokens currently held by a ring...Read More
Maker Foundation has evidently established its presence in the DeFi ecosystem after it rolled out the Multi-Collateral DAI [MCD] along with Dai Savings Rate [DSR]. The release of MCD was via a voting system and the Foundation is continuing to do the same for every other release or update. In its latest blog post, the...Read More
Ranked 19 on the crypto assets leaderboard, NEO is also known as the Chinese version of Ethereum. Although being 96 percent down from it’s an all-time high of ~$200, the token still has been a hit amongst traders off late. The question is can NEO really prove to be a winning investment next year? Let’s...Read More
2019 was an interesting year for cryptocurrencies. Some would say it wasn’t as bad as the crypto winter in 2018 and others would note it wasn’t as great as bull run 2017. One thing’s for sure, ever since the all-time price highs, interest in cryptocurrencies has been waning. According to data from Google Trends and...Read More
Other than the bullish movement earlier this year, where ETH reached its 2019 high at around $360, the coin spent most of the year under the $220 mark. The recent Ethereum Istanbul upgrade also didn’t do ETH any favors, dropping to a value of $128 at the time of writing. Ethereum 1-day chart Source: ETHUSD on TradingView...Read More
The Ethereum network is undergoing upgrade spree; just days before Istanbul, developers of the network revealed Muir Glacier. Named after a receding glacier in the United States, Muir Glacier was put forth to delay Ice Age which is also known as the difficulty bomb. This hard fork would delay the difficulty bomb for another 4...Read More
Ethereum co-founder Vitalik Buterin recently posted an alternative proposal for an early transition to Ethereum 2.0 that “achieves the goal of getting rid of the PoW chain and moving everything onto the beacon chain on an accelerated schedule.” According to Buterin, this proposal will require stateless clients, but not stateless miners and web assembly, meaning...Read More
Although all eyes have been on Bitcoin as of late, it may be time to pay some heed to altcoins like Ethereum and XRP. According to a recent analysis of the ETH/BTC chart, Ether may soon rally by over 100% against the leading cryptocurrency Bitcoin, with technical and fundamental factors supporting a rally in this...Read More
Fundamentally Ethereum has had a solid year. Granted, development has been a little delayed with certain aspects but it is the largest dApp and smart contract platform in the world so this is to be expected. Another hard fork is due in less than two weeks, but will ETH prices finally react?Ethereum Dumps AgainCrypto markets...Read More
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
