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Alternative coins or altcoins have been slowly bleeding over the last two years. This is especially true for altcoins in their bitcoin (BTC) pairs. Many are down by over 90% from their all-time highs. Some mid-cap coins have even breached their historical support levels and are printing fresh lows on an almost daily basis. The drop was so deep that some retail traders had to cut their losses...
Ripple fans adamantly preach that the cryptocurrency runs on a decentralized network. A quick search of the term “Ripple Decentralized” on Twitter reveals hordes of accounts claiming that “The Standard” is decentralized in nature. Many are even ganging up in an attempt to prove their point. In addition, the Chief Technology Officer of Ripple Labs, David Schwartz, wrote an article claiming that...
Ethereum (ETH/USD) has gone through a corrective period over the last two months. Since posting a 2019 high of $363.30 on June 26th, the cryptocurrency lost more than 50% of its value. The sentiment has become so bearish that some traders are calling for a move below $100. However, a leading Wyckoff analyst thinks the exact opposite. The technical trader believes that the retracement is over and...
To say that Ethereum is weakening against the king of cryptocurrencies would be a huge understatement. The ETH/BTC pair is down by nearly 50% year-to-date as it languishes in bear territory for 17 months and counting. The sentiment is so overwhelmingly bearish that some traders are happy to short the crypto pair. $ETH / $BTC 4Hethbtc short setup pic.twitter.com/2vH5M25M3W — Suprematic...
Ethereum has been at the center of controversy as of late due to its scalability issue. At its current iteration, the number two cryptocurrency can only process 15 transactions per second. With over 2,500 decentralized applications (DApps) and more than 16,000 daily users, the network is struggling to keep up with the demand. In fact, the network utilization of the cryptocurrency has topped 94%...
A glance at the Twitter followers of Justin Sun would have you believe the TRON (TRX) founder and CEO is the most famous personality in the cryptosphere. Likewise, a quick look at the list of the most utilized decentralized applications (dApps) paints TRON as one of the most active blockchains for dApps in existence. However, a deeper look at the numbers beneath the numbers suggests the TRON...
Critics have been trying to spread fear, uncertainty, and doubt on the No. 2 cryptocurrency in light of its scaling issues. It’s true that Ethereum is struggling with congestion as network utilization is above 94 percent. As a result, it becomes costly to run applications. Nevertheless, the cryptocurrency’s biggest problem appears to be its source of strength. The network is congested because...
Venture capitalist Fred Wilson is backpedaling after one of his many lame predictions blew up in his face. Again. This time, Wilson dissed Ethereum while praising bitcoin and brown-nosing Facebook's beleaguered Libra "cryptocurrency." The Union Square Ventures co-founder distanced himself from Ethereum, saying it disappoints him. “Ethereum, as many of you know, confounds me,” Wilson lamented on...
Ethereum’s recent price action is giving bears the courage to come out of hiding. After all, the No. 2 cryptocurrency is down by over 52 percent from the 2019 peak of $363.30. Some traders are even proclaiming that Ethereum will be “dead money for years.” In my opinion, Ethereum is a busted bubble with huge overhead resistance. For traders with no exit plan, this will probably be dead money for...
With just over a month left until the TON blockchain officially launches, Telegram’s debut cryptocurrency project is shaping up to be one of Ethereum’s biggest threats to date. Numerous would-be assassins have lined up to close out the contract on the world’s largest blockchain platform in recent years - all with little success. But with Ethereum compatibility already in advanced testing on TON...
Tether (USDT) transactions on the Bitcoin blockchain are losing ground to Ethereum at an ever-increasing rate. Ever since the Tether stablecoin was issued on Ethereum in January 2018, it has slowly gone on to become the most utilized version of the USDT token (of the four in existence). Data from Coinmetrics.io shows the gradual takeover of Tether transactions by the Ethereum blockchain. In less...
By CCN Markets While the bitcoin price languishes this week, ethereum classic is enjoying a spectacular spike ahead of its scheduled September 17 hard fork. And the ethereum price (ETH) is rising too. As of this writing, the price of ethereum classic (ETC) rocketed 20% to top $7.38 per coin. ETC has been on a sizzling rally for the past week. Ethereum classic rockets 20% In fact, ETC is the best...
By CCN Markets: Ethereum co-founder Vitalik Buterin says improving scalability could slash crypto transaction costs by a factor of "over 100." That's crucial, considering that blockchain has become so much "bigger than bitcoin." Moreover, Buterin says upgrading scalability could dramatically boost mass crypto adoption. So that's a pressing issue the industry must address if it wants to make...
Ethereum, like most altcoins, has been clobbered by bitcoin in 2019, losing more than 39% against the flagship cryptocurrency. ETH recently broke below its historical support of 0.025 BTC and printed a fresh all-time low of 0.020138 BTC on Binance on July 16. With no support to keep its head above water, bears warn that the ethereum price could plunge indefinitely. Nevertheless, two contrarian...
People may wonder why Facebook has chosen to build their Libra blockchain network from scratch, rather than building on an existing giant like Ethereum, EOS, or even - as was rumored - Stellar. The answer is simple and sophisticated at the same time, depending on how deep into it you want to look. Facebook Wanted Better Scaling and More Control Than Ethereum Offers On the surface, it’s simple...
The sentiment around Ethereum has shifted from ultra bullish to bearish in less than a month. On June 26, investors were extremely bullish as the No. 2 cryptocurrency as its price rose from a 2018-bottom of $83 to the 2019-high of $363.30. That’s a massive gain of over 337 percent in six months. Since then, Ethereum has been plunging and media outlets have been overwhelmingly bearish on this...
Blockstream chief strategy officer Samson Mow pulled no punches with Facebook's much-hyped crypto, Libra. He is not the first industry insider to criticize the planned crypto launch, both industry experts and lawmakers are voicing concerns over the security of the open-source currency, and the potential censorship issues that come from the way it is being led. Regulatory concerns with Libra...
Ethereum developers are having trouble scaling the most prominent smart contract platform in the world. Ethereum and The Bitcoin Cash Gambit It’s that simple. Scaling something worth billions of dollars without breaking it is a monumental task. Development roadmaps have regularly been delayed. Founder and Ethereum developer Vitalik Buterin thinks that the next era of Ethereum is at least a year...
Overnight, within merely hours, the valuation of the crypto market dropped by $28 billion as major assets in the likes of Ethereum and Litecoin fell in the range of 11 to 15 percent. Analysts have largely attributed the correction to a technical move given the 200 percent year-to-date gain of bitcoin since January. Market largely oversold, can it recover? Global markets analyst Alex Krüger said...
In the past 24 hours, the price of ether, the native crypto asset of the Ethereum blockchain protocol, has increased by five percent against the U.S. dollar. e bitcoin price recovered by two percent. The valuation of the crypto market has remained relatively stable in the past seven days, hovering at around $320 billion. More institutional development, will bitcoin benefit from it? According to...
Many crypto enthusiasts love to hype the ever elusive altcoin season ("altseason"), which has long been hailed as one of the most profitable bitcoin market cycles for active cryptocurrency traders. When the season is in full swing, larger altcoins like Ethereum, Ripple, and even small-cap assets like Pundi X exponentially rise in value against bitcoin. Traders who catch the trend early can grow...
The link between gaming and crypto is so strong, that were it not for Vitalik Buterin’s encounter with World of Warcraft, the Ethereum creator would never have founded the most well-known alternative to Bitcoin. That’s a link in a chain that has already looped back on itself; more millennials now say they’d invest in cryptocurrencies like Bitcoin and Ethereum before they would traditional stocks...
According to Charlie Bilello, an investor and a finance researcher, Ethereum is being traded with substantial premiums above spot value through Grayscale's Ethereum Investment Trust (ETHE). Grayscale's Ethereum Trust started trading last week. These are the premiums investors have paid above the net asset value of the Ethereum holdings...June 20: 1,059%June 21: 2,022%June 24: 347%June 25:...
Opera, the major web browser, has brought cryptocurrency to the iPhone. The company announced Wednesday that its Opera Touch browser now comes with an Ethereum crypto wallet. The move follows a previous rollout of a crypto wallet for Android smartphones and PCs running Mac, Linux and Windows. Charles Hamel, head of crypto at Opera browsers, welcomed the move in a statement: We believe that all...
Ok, maybe we should have seen yesterday's bitcoin price crash coming. Let me rephrase that: I should have seen yesterday's bitcoin price crash coming. Here's why: I watched some idiot buy ethereum at $5,000 in real-time. So I don't know why I was so surprised when, just a few hours later, the bitcoin price began a vicious 20% plunge. Let me back up and explain exactly what happened. The $5,000...
Bitcoin’s jaw-dropping run over the last few weeks has made many people euphoric. Some are starting to predict that the leading cryptocurrency will hit $60,000 in this bull cycle. Claims like this often signal that a local top is in. If that’s the case, those who took profits at current levels might move their capital to other crypto tokens. A stellar candidate to be the recipient of this capital...
The euphoria that followed the bitcoin price's climb to a new 2019 high above $11,000 couldn't last forever, and it wasn't long before some low-volume drama broke out over the weekend on Crypto Twitter. Seemingly apropos of nothing, Dan Held (@danhedl), a pal of Anthony Pampliano and legend of Bitcoin Twitter, reminded everyone that Ethereum mastermind Vitalik Buterin had once tried to raise...
By CCN Markets: French video game giant Ubisoft has announced an effort to develop blockchain gaming through Ethereum. In a report published June 11 by French news outlet Les Échos, Ubisoft is already months into the development of blockchain products using Ethereum. The company is looking to monetize and improve upon their existing implementation of in-game items and other unlockables. However...
This article was edited by Samburaj Das.
By CCN Markets: YouNow, a live video streaming startup, has filed a public offering circular with the U.S. SEC for a native cryptocurrency called the Props token. The company is not looking to sell this digital asset to investors; instead, they want to distribute it and are seeking compliant 'mining' of Props in the U.S. The filing has been done through the SEC's A+ exemption, which entitles a...
By CCN Markets: Stamp collecting just entered the 21st century, as the Austrian Post Office unveiled its limited edition 'crypto stamp' collectibles, powered by the Ethereum blockchain. Send Your Stamp, Keep A Collectible Crypto Stamp A limited 150,000 unit run of five different stamps – black, red, blue, yellow, black – allows the owner to use a physical stamp, but then save its image in their...
This article was edited by Samburaj Das.
This article was edited by Samburaj Das.
By CCN Markets: A little-known cryptocurrency spiked more than 60% after Google gave the project a surprise shout-out in an equally-unexpected blog post on how to use Ethereum and Google Cloud to build hybrid blockchain applications. Google Sends Chainlike Cryptocurrency Into the Stratosphere That cryptocurrency, Chainlink (LINK), enjoyed a parabolic swing that launched its price as high as $2.00...
By CCN Markets: It's never a dull day in crypto when John McAfee is involved. The outlandish computer programmer and businessman just launched his latest venture – a crypto trading portal. Knighted as McAfee Magic, the platform is live but has already experienced a few hiccups. The site has experienced repeated denial-of-service (DoS) attacks preventing users from logging in to experience...
By CCN Markets: A blockchain project called Helium has raised $15 million in a round led by enthusiastic technology investors like Multicoin Capital and Google (via venture fund GV). Multicoin wrote a passionate blog post, praising the project as one of the most ambitious crypto ventures since Ethereum itself. Helium reportedly will bring reduced costs to deploying wireless networks, as Multicoin...
By CCN: Casually, OpenBazaar announced this week that it would be adding support for Ethereum. A random promotional tweet from the OpenBazaar account led one follower to ask about support for Ether and Dai, the algorithmic stablecoin which has over 1% of Ethereum locked in its contracts. The official account for the marketplace responded that Ethereum support is almost complete: First Ethereum...
This article was edited by Samburaj Das.
By CCN: Bloomberg's Matthew Leising profiled Darma Capital. It's a $100 million crypto fund with a bullish view on Ethereum and a visionary approach to the future of the internet. You might say they're long Ethereum above all. The hedge fund is helping high-net-worth accredited investors to position themselves for a decade long ether bull run. A key figure in Darma's rise is Andrew Keys. He...
By CCN: The beautiful game just got much prettier after European football giant Benfica announced they’d be accepting bitcoin and Ethereum payments. Now, fans of the Portuguese Primera Liga champions can pay for match tickets and club merchandise using cryptocurrency. pic.twitter.com/x3TpTsCcXk — SL Benfica (@slbenfica_en) June 5, 2019 Euro Elite Benfica Accept Bitcoin and Ethereum This...
By CCN: Ethereum’s status as a legitimate transactional currency was confirmed once again this week - by none other than the Securities and Exchange Commission. The SEC’s recent lawsuit against Kik (KIN) details the particulars of the KIN token sale - the public phase of which was carried out against ETH, as opposed to the U.S dollar. Throughout the official court document, the SEC appears to...
By CCN: Bits of Gold, Israel's largest broker of bitcoin and Ethereum, can keep its bank account with the country's biggest bank. That's the decision from Israel's Supreme Court on Monday. It overturned a district court's earlier decision to allow Bank Leumi to close the Israeli crypto exchange's account. Bits of Gold's Second Court Victory This isn't the first time Bits of Gold has run into...
By CCN: Ethereum wunderkind Vitalik Buterin maintained his hardline stance on Bitcoin SV in a recent interview, calling Craig Wright’s cryptocurrency a “complete scam." Speaking with YouTuber Hardcore Crypto, Buterin left little room for interpretation regarding his thoughts on BSV. The Ethereum co-founder also gave his thoughts on decentralized exchanges and the worryingly centralized...
By CCN: Ethereum has had a fantastic – if expected – turn-around the past few weeks, launching the second-largest cryptocurrency above $250. In the glory days of the ICO run, when transaction fees were high - and demand for Ether was also high - the ETH price sailed over $1,000. What are the odds of that happening now, or soon? Ethereum: Can ETH Join Bitcoin in Four-Figure Territory? Ethereum has...
By CCN: As part of the new F1 Delta Time game, which is an officially recognized blockchain collectible game from Formula 1 racing, some recently bought a car for $100,000. The virtual vehicle is powered to the max and will, therefore, provide a significant advantage in the game. Single Car Token: Over $100,000 Bidding takes place in Wrapped Ether. The most recent sale ended for 415.9 Ether –...
By CCN: Billionaire venture capitalist Tim Draper is one of the biggest advocates of the cryptocurrency space. He is famous for his bullish $250,000 bitcoin price prediction, which would reflect a 5% market share around the world in the coming years. Draper supports competition in the space and in addition to bitcoin is also a fan of smart contract technology, other blockchains including...
By CCN: Ethereum price(ETH) has depreciated more than 10-percent against the US dollar as the global cryptocurrency market undergoes a massive correction. The ETH-to-dollar dropped to $235.44 on Coinbase as on May 30, 2100, UTC after rallying for five weeks consecutively. The pair attempted a small pullback from its newfound intraday low, but could not extend it to cover the intraday losses. The...
By CCN: Year-to-date, ether (ETH), the native crypto asset of the Ethereum blockchain network, has increased by 112 percent against the U.S. dollar, recovering to $285 from $133 at the start of the year. Jehan Chu, a co-founder and a managing partner at Kenetic Capital, believes the Ethereum blockchain network is here to stay and that in terms of utility, ETH is leading the pathway for the rest...