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Ethereum Price Analysis - Increasing Experimentation And Awareness

Ethereum Price Analysis - Increasing Experimentation And Awareness

Ethereum Price Analysis - Increasing experimentation and awareness Josh Olszewicz , 05 Mar 2018 - Ethereum , Opinion , Price Analysis Ethereum ( ETH ) has quietly trended sideways over the past week. The market cap now stands at $84.27 billion, with US$980 million traded on exchanges in the past 24 hours. The Ethereum Enterprise Alliance (EEA), which aims to nurture and enable further Ethereum based technologies, recently announced 83 new members. The Enterprise Ethereum Alliance is a non-profit corporation that connects Fortune 500 enterprises, startups, academics, and technology vendors with Ethereum subject matter experts. While the name Enterprise Ethereum Alliance is a trademark of the Ethereum Foundation, it does not create a partnership, agency, sponsorship, endorsement or any other similar relationship between the Enterprise Ethereum Alliance and the Ethereum Foundation. Porsche has also been testing the Ethereum blockchain, in collaboration with XAIN, a Berlin-based start-up. XAIN won the first Porsche Innovation Contest on the subject of blockchain in the summer of last year, beating over 100 other applicants in the process. Following the contest, interdisciplinary teams from across Porsche worked in collaboration with XAIN over the course of three months to develop and test applications. Blockchain was introduced into the Porsche Panamera using an energy-efficient mining process from XAIN. In addition, Porsche is currently working on further applications for the technology, including in the areas of charging and parking. However, transactions per day and transaction fees are both down sharply after peaking in late December and early January. This pattern largely follows the price of ETH itself. Transactions on the network will likely increase dramatically wh Continue reading >>

News Of Bitmain's New Asic For Mining Negatively Impacts Ethereum's Price | Newsbtc

News Of Bitmain's New Asic For Mining Negatively Impacts Ethereum's Price | Newsbtc

Following news of an ASICminingrig from Bitmain , as well as similar products in development from three other Chinese companies, Ethereum prices have dropped over $100, well below their one-week high of $585. An ASIC, or Application-specific integrated circuit, is a chip that is created with the specific and sole purpose of mining a single cryptocurrency. According to Susquehanna analyst Christopher Rolland, China-based Bitmain the largest producer of mining rigs that use ASICs is just months away from shipping the first miners compatible withEthash, the Proof-of-Work (PoW) hashing algorithm used by Ethereum, as well as a variety of other cryptocurrencies. During our travels through Asia last week, we confirmed that Bitmain has already developed an ASIC for mining Ethereum, and is readying the supply chain for shipments in 2Q18, Rolland noted. While Bitmain is likely to be the largest ASIC vendor (currently 70-80% of Bitcoin mining ASICs) and the first to market with this product, we have learned of at least three other companies working on Ethereum ASICs, all at various stages of development. In the past, Ethereum has been mined using Graphics Processing Units (GPUs), which more recently has led to shortages of the chips, angering folks in the gaming world. An ASIC would change the Ethereum mining equation entirely, resulting in a certain amount of centralization and also creating a higher barrier of entry for more casual or entry-level miners. A similar situation arose in relation to Bitcoin: Bitcoin ASICs helped drive adoption of the coin, but also lead to a more centralized Bitcoin mining pool, thwarting the decentralized philosophy held by many in the cryptosphere. It can be seen as an attack on the network. Its a centralization problem, said Mikhail Avady, founde Continue reading >>

Evan Van Ness

Evan Van Ness

This is my internet notebook. I scribble thoughts, bookmark things, and post the occasional photo or video. I work for ConsenSys , where I do my bit to help build web 3.0. Charlatans speak with 100% confidence about non-deterministic events. Afterwards, when theyre wrong, they will have a clear theory proffered to you with unyielding optimism about the impossibly foreseen nature of the black swan (because of course they use the latest terminology.) Why has the token sale market slowed down? Is the ICO craze over? If you head on over to Token Sale Calendar , its pretty clear that its different. As Ive published here, I no longer try to keep a comprehensive list, because so much of it is utter nonsense. Yet even so, theres basically nothing on it at the moment. Why? The SEC seems to be signalling that they intend to go after someone. Theyve admirably limited themselves so far to fraud. Yet theyre clearly signalling greater oversight and greater attention. Including SEC Chairman Clayton deviating from his positive prepared remarks into saying,every ICO Ive seen is a security. Many lawyers in the space currently believe that the network needs to be live in order for the sale of a token to not be considered a security. Silicon Valley has woken up to the returns that were possible in crypto and have been funding all sorts of junk. I mean that literally, because much of what the Valley has funded lately is junk. VCs in the Valley are currently throwing money at things at what was previously considered insane valuations. When the bandwagon is moving, everybody tries to jump on board. SEC risk + institutional money = private sales Put those two things together, for the time being most projects are just doing private sales. In other words, were recreated startup financing. 1. Et Continue reading >>

Ethereums Ico Whales Can Crash The Market At Any Time

Ethereums Ico Whales Can Crash The Market At Any Time

Ethereums ICO Whales Can Crash the Market at Any Time Crypto whales are generally thought of as wealthy traders with the ability to move markets via a single sell order. Yet the greatest whales of all arent traders but ICOs which own millions of ether worth billions of dollars. Over 3% of the total ethereum supply is estimated to be in the hands of ICOs, and when those projects cash out, as periodically happens, the effects can be dramatic. Also read: The Mt Gox Whale Explains His Crypto-Selling Strategy Ethereum Is at the Mercy of ICOs Cashing Out On Sunday, while the crypto markets were enduring yet more turmoil, ethereum took a sudden nosedive, going from $516 to $464 in under two hours. Up until then, it had been one of the more stable coins compared to alts still in the experimental stage, which have absorbed the worst of the losses. Ethereums flash drop made it one of the worst performers in the cryptocurrency top 100 yesterday, shaving around 16% off its valuation. The cause of the sell-off has been attributed to one of last years ICOs offloading a significant portion of its ethereum reserves. If so, its not the first time something like this has happened, and it certainly wont be the last. Deducing the total amount of ethereum that has been invested in ICOs is relatively straightforward. Around two thirds of the $5.7 billion raised by crowdsales in 2017 was in the form of ether. These projects are obliged to sporadically cash out their holdings for fiat currency, to cover expenses that cant be paid in crypto. And when they do, it makes sense for those projects to withdraw a lump sum. Whats good for them isnt necessarily good for the market though, especially traders whose longs are rekt by a sudden dump of ETH. Cryptocurrency markets are much less liquid than t Continue reading >>

Bitcoin And Ethereum Prices Fall As Cryptocurrency Markets Hits $300 Billion

Bitcoin And Ethereum Prices Fall As Cryptocurrency Markets Hits $300 Billion

The rollercoaster ride known as cryptocurrency continues its slump this week. Bitcoin , Ethererum, and other digital currency continue to decline in value, wiping out most of the gains seen at the end of 2017 and beginning of 2018. On Wednesday, the cryptocurrency market cap fell to $300 billion, as reported by CryptoCoinsNews . Plummeting Bitcoin and Ethereum prices are the main force in bringing down the overall value of the market, but other alternative cryptocurrencies such as Ontology and 0x are easing the freefall by performing better than average. Cryptocurrency market cap for the last three months. For a little history, CoinMarketCap.com shows the cryptocurrency broke $300 billion on Nov. 27, 2017. It peaked to $829 billion on January 7, when it began its downfall. Some analysts are calling it a correction for the inflated value. The market started March with a $455 billion market cap and continued to slide. Its biggest drop happening on March 18, when it bottomed at $279 billion before recovering the next day. There is a multitude of factors contributing to the decline of the cryptocurrency market. Investors who flocked to the market late last year began their retreat when talk of regulation began. This run up was fuelled by speculation rather than technological advances and so many people entered the space drawn by the price headlines only, Edward Cooper, head of mobile at digital banking firm Revolut, told Inverse this week. We are now seeing a return to more normal trading where the price consolidates and any increases are driven by technological advances and increased adoption rather than the news cycle. The coming months are an important time for cryptocurrency. As prices decline, interests from investors could return and stabilize the market. Continue reading >>

How Nbt And Weeve Are Solving The Scaling Issue Of Ethereum

How Nbt And Weeve Are Solving The Scaling Issue Of Ethereum

How NBT and Weeve Are Solving the Scaling Issue of Ethereum Bitcoinist.net March 14, 2018 3:00 am Though Bitcoin has garnered significant mainstream media attention over the past few months, Ethereum might become the cryptocurrency at the top of the heap in 2018. CryptoDaily predicts that Ethereums value could exceed Bitcoins as early as 2018. The moment when a non-Bitcoin cryptocurrency surpasses Bitcoins value is popularly known in cryptocurrency circles as The Flippening, an event so anticipated that Flippening Watch is devoted purely to tracking its progress. Ethereum has already experienced a higher number of transactions over 24 hours, higher 24-hour mining rewards, and a greater number of nodes. While its market cap, overall trading volume, and Google Trends measurements still lag behind Bitcoin, it seems clear that Ethereum is still on the rise. Why is Ethereum approaching Bitcoin, which is often thought of in the popular imagination as the end-all and be-all of cryptocurrency? Ironically, Bitcoins popularity might be contributing to its demise: as more and more people start using it outside of the cryptocurrency community, transaction fees get higher (hitting an average of $28 in late 2017) and transaction times get longer. Higher usage is throwing Bitcoins scalability issues into sharp relief. Launched in 2015, Ethereum is a blockchain-based platform that enables the construction of complex Smart Contracts and Distributed Applications (DApps). The platform runs on Ether tokens, which are both exchanged publicly like other cryptocurrencies and used inside the platform to build applications. Though Ethereum is technically a platform, not a cryptocurrency, inside its own ecosystem, the term has become a common signifier of the cryptocurrency in public exchanges. Continue reading >>

Ethereum News, Prices, Information, And More - Ethnews.com

Ethereum News, Prices, Information, And More - Ethnews.com

The Plasma protocol compatible ETH Exchange Platform Read More Generalized state channels prototype development Read More Postmortem of Devcon3 Ethereum developers' conference Read More UN Pilots Blockchain To Combat Child Trafficking The World Identity Network, United Nations Office for Project Services, and the United Nations Office of Information and Communications Technology are partnering to launch a pilot initiative that will use blockchain technology to help combat child trafficking in Moldova. A first in the world, this project is part of a broader effort titled Blockchain For Humanity, announced during the Blockchain Humanitarian Summit in New York, on November 10, 2017... Read More Continue reading >>

Promoting A Free, Decentralized And Open Future

Promoting A Free, Decentralized And Open Future

The Ethereum network will be undergoing a planned hard fork atblock number 4.37mil (4,370,000), which will likely occur between 12:00 UTC and 13:00 UTC onMonday, October 16, 2017. The Ropsten test network underwent a hard fork on September 19th (UTC) at block number 1.7mil (1,700,000). A countdown timer can be seen atAs a user, [] Continue reading >>

Coinbase Glitch Allowed Unlimited Ethereum Balances

Coinbase Glitch Allowed Unlimited Ethereum Balances

Coinbase Glitch Allowed Unlimited Ethereum Balances On March 21, the San Francisco based exchange Coinbase publicly revealed an ethereum balance glitch that allowed users to manipulate their account balances. Researchers noticed that, by utilizing a smart contract, a person could add as much ethereum as they wanted to their account. Also Read: Survey Says 8% of the American Population Now Own Cryptocurrency Smart Contract Manipulation Allowed Unlimited Ethereum Balances on Coinbase Just recently researchers had found a vulnerability within the Coinbase platform that allows a user to add as much ether as they want to their accounts by using a smart contract. The bug was revealed to the public on March 21 but the issue had existed since December of 2017. Coinbase rewarded the Dutch research analysts firm, Vicompany with a $10,000 reward after it discovered the glitch. The researchers noticed an issue with our ETH receiving code when receiving from a contract. This allowed sending of ETH to Coinbase to be credited even if the underlying contract execution failed, explains the San Francisco trading platform. The issue was fixed by changing the contract handling logic Analysis of the issue indicated only accidental loss for Coinbase, and no exploitation attempts. Not the Only Exchange With an Unlimited Coin Glitch According to Vicompany , a malicious actor could manipulate their ether balance by using a smart contract to distribute ether throughout a set of wallets. Vicompany explains that if one of the internal transactions fail all transactions prior would be reversed. However, on the Coinbase interface, the transactions did not revert. The third party researcher states on the disclosure: On Coinbase these transactions will not be reversed, meaning someone could add as mu Continue reading >>

Ethereum Price Technical Analysis Eth/usd Turned Bearish

Ethereum Price Technical Analysis Eth/usd Turned Bearish

Ethereum Price Technical Analysis ETH/USD Turned Bearish ETH price declined sharply and broke the $460 and $450 support levels against the US Dollar. There is a major bearish trend line forming with resistance at $455 on the hourly chart of ETH/USD (data feed via Kraken). The pair may correct higher in the short term, but upsides are likely to be capped by $455 and $475. Ethereum price has moved into a bearish zone against the US Dollar and Bitcoin. ETH/USD may continue to decline as long as it is below $490. It is turning out to be a major disappointing week since ETH price is now trading well below $500 against the US Dollar. The price was not able to correct higher and remained in a bearish trend below $500. It broke many supports such as $475, $460 and $450. It is now trading well below the $500 level and the 100 hourly simple moving average. The recent low was at $438.76 from where there could be a minor upside correction. An initial resistance is around the 23.6% Fib retracement level of the last decline from the $535 high to $438 low. Moreover, there is also a major bearish trend line forming with resistance at $455 on the hourly chart of ETH/USD. If there is a break above the $460 resistance zone, the price may head towards the $485-490 area. The 50% Fib retracement level of the last decline from the $535 high to $438 low is also positioned near $485 to act as a barrier for buyers . On the downside, the price may soon break the recent low of $438. The next support could be around the $425 level. However, if ETH sellers remain in action for a long time, the price may even test the $400 level in the near term. Hourly MACD The MACD is placed nicely in the bearish zone. Hourly RSI The RSI is currently rising from the 35 level. Continue reading >>

What Is Iama Coin?: Ethereum Artwork Stamped In Blood | Coincentral

What Is Iama Coin?: Ethereum Artwork Stamped In Blood | Coincentral

IAMA Coin (or I am a coin) is a collection of both physical and digital artwork by Kevin Abosch. Abosch created 100 physical pieces of art and tied them to the Ethereum blockchain with virtual art. He uses the virtual art here to describe the projects ERC20 token, IAMA. There are, and only ever will be, 10 million pieces of IAMA virtual art in existence. As an IAMA token holder, you can do with your tokens as you wish. You can sell them, keep them, or even break them up theyre divisible up to 18 decimal places. Abosch makes it clear that any fraction of an IAMA coin has the same intrinsic artistic value as one [whole] IAMA Coin. Abosch has stamped every piece of physical art with the contract address for the creation of the IAMA that exist on the Ethereum network. He didnt just stamp the pieces with ink, though. He literally put his blood (which may have included some sweat and a tear or two) into the stamps. Over time, the physical works will become available to IAMA coin holders. In the IAMA Coin project, Abosch compares humans to a newly minted coin . Were priceless, yet we are constantly being ascribed a value. Abosch feels as if life is oftentimes reduced to a series of transactions for personal gain. He connects the physical with the digital in a way where one cannot exist without the other. Without the IAMA tokens, the physical artwork has no value. And, without the physical artwork, the tokens are meaningless virtual and tangible together in one symbiotic relationship. By tying his blood to the blockchain, he wants to show the world that deep down, he is like a coin. Unfortunately, you cant purchase IAMA tokens just yet. Abosch is first making the virtual artwork available to existing collectors and afterward, to the general public. He hasnt stated a date on wh Continue reading >>

Ethereum: What Is It And Whats It Worth?

Ethereum: What Is It And Whats It Worth?

Ethereum: what is it and whats it worth? John Phillips/Getty Images for TechCrunch Ethereums 24-year-old Russian founderVitalik Buterin Cryptocurrency investors have over a thousand digital coins to choose from in todays market but only a select few consistently find themselves at the top of the pile. One of those virtual currencies is Ethereum, which has been playing second fiddle to bitcoin since joining the market in 2015. The cryptocurrency was one of the standout digital tokens at the start of the year, says The Daily Telegraph , after it jumped from a value of around 340 per coin in December to over 1000 in mid-January. Prices have since tumbled due to a number of policy changes, such as South Koreas ban on anonymous cryptocurrency exchanges in February, but Ethereum is still the second most valuable virtual coin in existence. Here are some key facts about bitcoins closest competitor: Much like bitcoin and other digital currencies, Ethereum is a virtual coin that allows for anonymous transactions online. The cryptocurrency was created by the Russian-born programmer Vitalik Buterin in 2013, when he was just 19 years old, says Wired , and was listed on public exchanges two years later. Buterinestablished Ethereum as an open-source alternative to bitcoin, meaning that third parties could use the technology for stocks, bonds or even deeds to houses. The cryptocurrency is decentralised, says Digital Trends , meaning the digital tokes commonly referred to as Ether arent held or regulated by a single company or bank. Instead, Ethereum tokens can be purchased, stored and used for anonymous transactions by the individual. Ethereum is based on blockchain technology, an anonymous online list that logs all the cryptocurrencys digital coins in existence and who owns them. The Continue reading >>

Enterprise Ethereum Alliance

Enterprise Ethereum Alliance

Ethereum's intrinsically trusted system is the most promising solution for enterprise Blockchain adoption, given its maturity and multi-purpose design. Privacy and Performance improvements will be mandatory to achieve enterprise-ready status and will be the focus of Enterprise Ethereums roadmap. In partnership with the dedicated and robust Ethereum community, Enterprises are coming together to produce the industry standard, open source, free to use blockchain solutions that will be the foundation for businesses going forward. This form needs Javascript to display, which your browser doesn't support. Sign up here instead Continue reading >>

Ethereum - Consensys

Ethereum - Consensys

Ethereum is how the Internet was supposed to work. There are four core technological building blocks that are coordinated to enable the Ethereum decentralized application platform to operate: 1) Cryptographic Tokens and Addresses: a mathematically secure unique voucher system that can act as numeraire and be used pay for goods, services or assets, and can also be used to represent a mathematically secure, pseudonymous identity; 2) Peer-to-peer Networking: individual users connect their computers together forming a network to exchange data without a central server (both Bitcoin and Ethereum run on P2P networks); 3) Consensus Formation Algorithm: this algorithm permits users of the blockchain to reach consensus about the current state of the blockchain (the Bitcoin blockchain reaches consesus on a global state change every 10 minutes on average whereas the Ethereum blockchain reaches consensus approximately every 15 seconds). 4) Turing Complete Virtual Machine: a virtual machine is a computer that exists as software, and can be run at a layer of abstraction above the underlying hardware; Turing complete means that this software computer can run any computer program one defines and is powerful enough to implement any program defined in any similarly computationally complete system (as opposed to Bitcoin, which has a virtual machine but can only run a much simpler class of programs); These 4 pillars of decentralized application technology are designed to enable smart contracts. Smart contracts are computer protocols that facilitate, verify, or enforce the negotiation or performance of some sort of agreement (e.g. a legal contract emulating the logic of contractual clauses or a financial contract specifying responsibilities of the counterparts and automated flows of value). Continue reading >>

Technical Issues With Binance? | Ethereum, Eos, Iota Affected

Technical Issues With Binance? | Ethereum, Eos, Iota Affected

Ethereum (ETH), EOS, IOTA (MIOTA) Tank on Binance News Somethings going on with Binance! Ethereum (ETH), EOS, and IOTA (MIOTA) struggle as the news (un)settles. Crypto users have taken to Reddit claiming that the exchange has sold their altcoins at market rate and they have nothing left now but their Bitcoin. Binance has responded that We are investigating reports of some users having issues with their funds. Our team is aware and investigating the issue as we speak. Please remain patient and we will provide an update as quickly as possible. Although it still isnt completely clear what is happening over there, Binance later issued a statement on Telegram that There is no evidence of our exchange being compromised.Users have now noted that the exchange has suspended withdrawals, presumably while it works out this issue. It has also indicated that there is no need for users to change their passwords, further suggesting that this isnt a hack of the exchange but rather a technical issue. Not all users are being affected, but some have indicated that their altcoins have all been traded for Viacoin (VIA). With the investigations still ongoing, crypto holders appear to be getting nervous. Much of the market is down today, which could in part be due to the technical issues. Ethereum, EOS, and IOTA all trade on Binance. >> Coinbase announces launch of crypto index fund Of the grouping, IOTA looks to have the greatest likelihood of the Binance affect, as nearly 20% of MIOTAs trading volume is down on Binance. Currently, IOTA is selling for $1.46, putting the coin down 14.82% in the past 24 hours. IOTA experienced a sudden drop in price mere hours ago, which could indicate the issue with IOTA is currently stemming from the issues with Binance. IOTA has also lost ranking over the Continue reading >>

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