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Why Isn T Ethereum Rising

Why Is Ethereum Rising: How High Will Eth Price Go? | City & Business | Finance | Express.co.uk

Why Is Ethereum Rising: How High Will Eth Price Go? | City & Business | Finance | Express.co.uk

Ripple price: XRP DOWN 50% on record high - Why is Ripple crashing? Ethereum prices have already soared more than 89 percent since the start of January, topping off the more than 8,000 percent growth it witnessed through 2017. CoinMarketCap data suggests that the platform is now the second most valuable digital asset on the market with a market capitalisation of more than 96billion ($130billion) second only to bitcoin s 181billion ($245billion) as of 6.12pm on Wednesday. Ethereum is now attracting strong corporate interest, and Mr Nerayoff said ethereums open-source implementation has made it an attractive option to businesses. He added: "People are actually using it for currency, as well. Ethereum price: The ETH token reached an all-time high price on January 10 Lower transactional costs are increasing usage of the entire network, and that's increasing the network effects of it. There are more users, more projects being built on there and more programmers. Ether's price rally is a testament to the growing popularity of ethereum as a platform for decentralised applications The growing interest and exposition could in turn serve to grow the entire crypto space bitcoin and Ripple included. Thomas Glucksmann, head of marketing and APAC business development at Gatecoin, agreed that ethereums real world use made it a viable option for investors. He said: Ether's price rally is a testament to the growing popularity of ethereum as a platform for decentralised applications. Ethereum price: The ETH crypto token rose an incredible 56,000 percent since being created Over the last year and a half, we've seen that the majority of tokens issued during ICOs and traded on exchanges, have been coded to run on the ethereum network. But some crypto experts have rung the bell about the sw Continue reading >>

Ethereum Price Soars Above $1,000 As Bitcoin Stalls And Ripple Rises | Fortune

Ethereum Price Soars Above $1,000 As Bitcoin Stalls And Ripple Rises | Fortune

Even as the arguable star of 2017 Bitcoin stalls thousands below its all-time high, the third largest cryptocurrency by market value, Ethereum, is soaring to new records Thursday. For the first time ever, Ethereum prices rose above $1,000 per unit in early trading Thursday, as investors look increasingly toward alternative currencies such as Ethereum, Ripple, and Litecoin . Its hard to say for certain what is causing the 8% pop in Ethereum prices. Though in recent weeks, investors have helped push up the price of another rival cryptocurrency, Ripple, in part because more and more major banks and institutions agreed to partner up with the folks behind the digital asset in a bid to speed up transactions, and growing investor interest . Similarly, banking giants have also increasingly looked to Ethereum for another set of solutions. In mid-December, a group of financial companies including UBS, Credit Suisse, and Barclays announced plans to test the Ethereum blockchain in the hopes of making it easier to meet new European Union reporting standards under the Markets in Financial Instruments Directive II. The banking group will be able to anonymously submit information to the private blockchain, and cross-check for any irregularities. Those partnerships get to the heart of a major argument as to why Ethereum proponents consider their cryptocurrency to be more flexible and, in a sense, more useful than Bitcoin. While Bitcoin is one way to use blockchain, the technology underlying digital currencies that records transactions, Ethereum allows developers to build on the blockchain platform. Thats also why initial coin offerings have largely been built on the Ethereum platform. Bitcoin is the first application built on the blockchain technology, said Ethereum co-founder Joseph L Continue reading >>

No, Ether Isn't

No, Ether Isn't "getting Crushed." Here's What's Really Going On.

No, Ether Isnt Getting Crushed. Heres Whats Really Going On. In case you missed it, yesterday, Business Insiderpublished an article entitled Ethereum is Getting Crushed . If you give the article a casual glance, the piece seems to be heralding the downfall of ether (the value token of the Ethereum blockchain, and the latest darling child of cryptocurrencies). The author, Jonathan Garber, supports this claim with the following: The cryptocurrency is trading at its lowest level in more than a month; Ether is down 9.9 percent, at $215/ether; Ether has fallen more than 45% since reaching a record high of nearly $400 on June 13; and This chart (which was the featured image on the article): While the article and associated chart are factually accurate, the chart and main title of the piece are ultimately a bit misleading.* For starters, the chart that they decided to use only goes from $210 to $245. This is a remarkably small monetary value. Second, the chart only spans one day. All of this serves to make the dip look significant. If you head to the source image and check the three-month view (3M), you will immediately see that such fluctuations are, and have been, common place over the last few days, weeks, and months. Given the extreme rise that weve seen recently, this is to be expectedether has risen an unbelievable4,500 percent in 2017, after all. Later in the article, Garber does note this same fact (that these fluctuations are to be expected and that, in the long term, ether looks promising). He quotes Mike McGovern, the new head of investor services fintech offerings at Brown Brothers Harriman, who asserts that etheris actually remarkably stable: When looking at bitcoin blockchain versus Ethereum,theres no doubt Ethereum is superior. It doesnt cost as much to mine et Continue reading >>

Here's Why Ethereum (eth) Isn't Like Any Other Cryptocurrency - Global Coin Report

Here's Why Ethereum (eth) Isn't Like Any Other Cryptocurrency - Global Coin Report

Heres Why Ethereum (ETH) Isnt Like Any Other Cryptocurrency Ethereum (ETH) is one of the top two cryptocurrencies on the market right now but, just as with bitcoin, its position at the top of the pile has far from insulated from the wider markets decline seen over the last eight weeks or so. With regards to ETH specifically, the token currently trades for a little over $810 apiece, down from the $1389 reached on January 15, 2018. Thats a 41% decrease from highs and it gives Ethereum a market cap right now of just shy of $79 billion. Take a look at the mainstream news coverage of the cryptocurrency space right now and you will see the general treatment of Ethereum and its token ETH mimics that of many of the other coins in the space. What this sort of blanket coverage overlooks, however, is that ETH is materially different from pretty much every other talk on the market right now and at least every one that is currently functional against its predefined use case. Well, for anybody not familiar with Ethereum, its a platform technology designed to serve as a protocol layer on which third parties can build decentralized applications (which are now being referred to as DApps for the main part). As far as the actual token is concerned, ETH is used in a variety of ways but primarily to serve as what is called gas payment, which is another way of saying its the token thats used to buy or rent computational power to underpin the functionality of the applications that are being built on Ethereums technology. But not only that, ETHis also used as the number one exchange token for initial coin offerings (ICOs). That is, when a company conducts an ICO, it creates a token that is ERC20 compliant, meaning simply that it can be stored in an Ethereum wallet. This allows it to form the Continue reading >>

Ethereum Is Kind Of Rising

Ethereum Is Kind Of Rising

Ethereum is kind of moving today. Like, a bit. The currency rose from $820 to $890 before shying away to $875 because presumably it got a bit scared of $900. That means it now stands where it was yesterday and the few days before for pretty much most of the week, but there was movement in the meantime, its not like nothing happened. And if we zoom in for the day we can see a nice higher highs and higher lows, but if we zoom out a bit its more of an up and down in a straight line. Thats because the market is consolidating and doesnt really know what to do. One minute it likes $900, the other minute it wants $800. Making it a fairly relaxing trading period as you can just buy at $800 and sell at $900. Thats until eth being eth makes you miss the boat or holding the bag. The story is similar for other digital currencies, including bitcoin, but trading volumes are slightly rising, although really they are kind of the same. Its just that finger tapping time and watching paint dry as bulls and bears eye each other in a chicken stare down with neither very sure whether they should charge. Eventually theyll decide, but for now they are being as unsure as the weather in London where it snowed for 20 minutes, and it even settled, to then instantly present clear blue skies with sunshine. You dont get this kind of sunshine even during summer, but it had to go and do it right when everyone was about to go play in the snow. Typical. Eth isnt being much different really. As soon as bulls get happy for 20 minutes we get bears out to play straight away with their ping pong paddles ready. So off to real news because nothing is happening here, but maybe soon-ish something will happen after breakouts are called for the thousandth time. Just no poking with a stick. Continue reading >>

Ethereum Classic (etc): Rising Against The Odds

Ethereum Classic (etc): Rising Against The Odds

Ethereum Classic (ETC): Rising Against the Odds Home All Posts ...Ethereum Classic (ETC): Rising Against the Odds February 20, 2018 By Maja Rogic 3175Views 1Comment Ethereum Classic is one of those crypto offsprings that we werent sure would make it far, at least not over the long run and with all the fuss about having ETC potentially existing on illegal terms in the future. However, the last couple of days are telling a different story about ETC as this token was hitting the roof with its rising price. Many have expected that, but in favor of those who have not, we are compiling a reminder on what Ethereum Classic is all about and how come this token could potentially become illegal in the future where decentralized platforms could be possibly regulated. And, of course, we are all interested in predicting ETCs future progress. Ethereum Classic wouldnt be possible to exist if it werent for that infamous stealth that wiped away over 3.6 million ETH. In case you dont remember, the stealth happened thanks to the flaw existing within the core system of DAO. DAO, abbreviated from Decentralized Autonomous Organization, was created to allow users to easily fund projects through Ethereum platform, but since there was a flaw within the system, there was a loop that allowed the anonymous hacker to almost effortlessly take the money stored within DAO. How did this happen? DAO was used to fund different projects easily through the model of smart contracts Ethereum is famous for. All members of the community could thus fund DAO account to help out the projects they liked. However, the thing about DAO funding is that the developers allowed all participants to retrieve their donations in case they would change their mind about supporting a certain project. That wouldnt be trouble if Continue reading >>

Ethereum And The Rise Of The Price Of An Ether

Ethereum And The Rise Of The Price Of An Ether

Ethereum And The Rise Of The Price Of An Ether {{article.article.images.featured.caption}} Opinions expressed by Forbes Contributors are their own. The author is a Forbes contributor. The opinions expressed are those of the writer. This story appears in the {{article.article.magazine.pretty_date}} issue of {{article.article.magazine.pubName}}. Subscribe The Ethereum virtual currency logo is displayed on an automated teller machine (ATM) at the Coin Trader bitcoin retail store in Tokyo, Japan, on Wednesday, Aug. 30, 2017. The value of Ethereums currrency is increasing alongside Bitcoin and Litecoin, and the price of one Ether is currently at a high of $625.25 USD, according to CoinMarketCap, despite the CryptoKitties drama. 2018 will welcome a range of regulatory requirements and financial institutions are launching new products on the blockchain in order to simplify compliance, and this is where the Ethereum blockchain is becoming increasingly popular. A project named the Massive Autonomous Distributed Reconciliation program (Madrec) was announced this week and will be led by UBS with involvement from Barclays, Credit Suisse, KBC, SIX and Thomson Reuters. For a while now, financial news has been dispersed with updates of how banks are experimenting with cryptocurrencies and this announcement is one of the most recent, after Bitcoin futures began trading. Unlike Bitcoin, however, Ethereum has always been spoken about in a more positive way and has become the second largest digital currency in two years. After being launched in 2015, the value of Ethereums currency, otherwise known as Ether, has increased by more than 6,800% since the start of the year, according to The Telegraph. With Ether being the third most valuable digital currency and the virtual currency with the Continue reading >>

Bitcoin Is Down, But Ethereum And Other Cryptocurrencies Are Rising

Bitcoin Is Down, But Ethereum And Other Cryptocurrencies Are Rising

Bitcoin Is Down, but Ethereum and Other Cryptocurrencies Are Rising Bitcoin (BTC), by far the most widely held and closely followed digital currency, or cryptocurrency, is down by more than 7% over the past day. However, most other cryptocurrencies are continuing their move upward. Here's a rundown of the latest price action in the major cryptocurrencies, as well as other top news from the industry. Here's how the five largest cryptocurrencies by market capitalization stack up, and how much each has changed over the past day: Data source: www.investing.com . Prices and daily changes as of Dec. 19 at 3:15 p.m. EST; prices are rounded to the nearest cent, where applicable. Bitcoin is falling while other cryptocurrencies continue to surge As you can see, bitcoin has been falling today by quite a bit, which is the opposite of what most other major cryptocurrencies are doing. Many alternative cryptocurrencies , or "alt-coins," have surged in popularity recently. There are a few potential reasons for this, such as these other coins' relatively low price. If you're new to cryptocurrencies and have, say, $1,000 to invest, it can seem more attractive to buy more than 1,200 Ripple than less than 6% of one bitcoin. Hand holding a golden coin with bitcoin logo. Furthermore, some of these alt-coins solve major problems that people are having with bitcoin. For example, bitcoin transaction costs have gotten much higher, and transactions are taking hours to complete due to high network traffic. Conversely, both Ripple and Litecoin cost just pennies per transaction and can complete transactions in a small fraction of the time. In fact, most people are surprised to learn that bitcoin makes up less than half of the cryptocurrency market. The value of all bitcoins currently in circulation Continue reading >>

Why The Price Of Ethereum Has Risen Over 5,000 Percent During 2017

Why The Price Of Ethereum Has Risen Over 5,000 Percent During 2017

Why the Price of Ethereum has Risen Over 5,000 percent During 2017 Whats common between Golem, EOS, Qtum, OmiseGo, Augur, BAT, Iconomi and Gnosis? That they are all cryptocurrencies with market cap of at least $100 million while first three of the list have crossed the $1 billion threshold. That can be said for plenty of other coins, so what makes them different? They are all ERC20 tokens, built on the Ethereum blockchain. Bitcoin has risen over 1333 percent in 2017, with each month breaking numerous new records. Bitcoin isnt the best-performing cryptocurrency of 2017 Ethereum has it outdone. The price of one Ethereum token, ether, has risen by over 6000 percent since January 2017. Ethereums total market value has flown from $700 million to $46.4 billion, which has made it by far, one of the most successful cryptocurrencies of 2017. Mike Novogratz believes that ether is in a prime position for exponential growth going forwards. The billionaire venture capitalist is optimistic about the recent price trend of the cryptocurrency. Novogratz predicted a year-end finish of close to $500 in a recent statement that he made. It has been predicted by several analysts that a key reason for the rise in market cap has been the substantial growth of the ICO market. In January through November, $2.8 billion was secured through ICO projects. If the same trend is to continue, the total amount that will have been raised by ICOs in 2017 will exceed $3 billion. ICO projects, however, are not the only reason for the exponential growth of Ethereum during 2017. The developers of the cryptocurrency have dedicated a large amount of time and resources to the creation and implementation of new technologies, with the aim of improving the system. The exchange volume to transaction volume for Ether Continue reading >>

Why Is Ethereum Struggling?

Why Is Ethereum Struggling?

Ethereum's Scaling Problem (Forgive me for forgetting to cover it in the video) Let's address the 1st issue here with the hackings. In the past few weeks there have been several hackings; first Coindash lost around $6 million of Ether and just days later the Smart Contract Coding company Parity lost approximately $32 of Ether to hackers. The real answer is that it isn't as big a problem as many people may think... because it wasn't the fault of Ethereum; Coindash was subject to a hacking of the backend of THEIR WEBSITE (not the Ethereum network). The hackers then altered the smart contract address listed on the website. As such, people were transferring to their Ether to the wrong address. This was the fault of poor security on Coindash's behalf, NOT Ethereum. With the Parity hacking, where a massive $32 million of Ether was lost, the issue arose due to a critical vulnerability in Parity's Ethereum Wallet Software. Once again, the hacking occurred because of poor security but, crucially, the security issue was NOT WITH THE ETHEREUM NETWORK and thus Ethereum's reputation has not been tarnished. Ethereum's network was never hacked and therefore their reputation SHOULD be unaffected but this is not 100% true. Sadly, many people in the general public have simply heard that their have been hacking in relation to Ethereum and have assumed that the problem must have been with their network. Also, whenever people hear of hackings, they are concerned to invest their money into something which could have a similar fate. As a result, due to misconception and fear, we are currently in a phase of concern surrounding ICOs and due to this Ethereum has been suffering. The point about hackings has been highly relevant in the past couple of weeks but it isn't the most important reason t Continue reading >>

What Is Ethereum And How Does It Differ From Bitcoin?

What Is Ethereum And How Does It Differ From Bitcoin?

What is ethereum and how does it differ from Bitcoin? The ethereum cryptocurrencyCredit:Bloomberg Ethereum is a rising star in the cryptocurrency world. It has quickly become the second largest digital currency in just over two years, booming in value and spurring the rise of hundreds of new rivals to Bitcoin. Launched in 2015, the value of ether (ethereum's currency)has increased rapidly. It suffered a set back before Christmas 2017, suddenly dropping from $850 to around $690 -a drop of about 20 per cent. Since then it has continued to show intense volatility, hitting highs of $1400 in January before slumping to less than $560. Last year sawmonths of increase in the price of Ethereum and rival cryptocurrencies like Bitcoin and Litecoin.At the start of 2017, one coin was worth around... Register or log in to view this and other Technology Intelligence articles. It's free and easy to do. Access brilliant stories, features and analysis Sign up to our exclusive Technology Intelligence daily newsletter Become part of our ambitious new Tech networking community Continue reading >>

Bitcoin News: New Theory Explains Why Cryptocurrencies Like Ethereum Are Soaring In Price | City & Business | Finance | Express.co.uk

Bitcoin News: New Theory Explains Why Cryptocurrencies Like Ethereum Are Soaring In Price | City & Business | Finance | Express.co.uk

JPMorgan Chase head Jamie Dimon is one of Bitcoin's harshest critics However, since reaching its all-time high the currency has had a turbulent time and saw its value drop to $8,369 (5,870) last week. Mr Colas argues his theory of Bitcoin being a gateway drug helps to explain the sudden fall because of a lack of interest in researching Bitcoin on Google. He said: Bitcoin is considered the gateway drug to all cryptos and it has acted exactly that way. Right now the Google search data is telling me there's not really that next leg up in Bitcoin because there's not that interest that leads to wallet growth that leads to price appreciation. Mr Colas claims that there has been a fall in Bitcoins price because those who started investing towards the end of last year are now looking to put this money in alternative cryptocurrencies. He explains: Some of the movement in Ethereum, which has traded much better in January, is just money which is being pulled out of Bitcoin. However, other financial experts have offered alternative theories as to why there has been a sudden decrease in interest in Bitcoin investment. Both India and South Korea have announced plans to regulate cryptocurrencies. While Bitcoin has seen its value drop, other cryptocurrencies have seen their price soar Bitcoin and blockchain expert Simon Taylor said: "I think its evidence of a government trying to get its hand around a subject which was seen as ungovernable. "Historically we thought this thing was decentralised, there was no way to control it but what you have here is centralised exchanges. This is the same as a bank. This is something that holds the bitcoin or the digital currency on your behalf." Miles Eakers, Chief Market Analyst at Centtrip, has warned that the price is likely to continue to fall i Continue reading >>

5 Bitcoin Rivals That Are Rapidly On The Rise

5 Bitcoin Rivals That Are Rapidly On The Rise

5 Bitcoin Rivals That Are Rapidly on the Rise Bitcoin prices peaked at an all-time high of over $11,800 Sunday in one of the most dramatic value surges of any asset in living memory . Todays prevailing digital currency was worth just $12 in 2013 , and has at times been dismissed as an internet fad favored by nefarious wheelers and dealers trying to circumvent taxes or the law. Like it, love it, or confused by it, bitcoin and other cryptocurrencies have become impossible to ignore. Chicagos two main exchanges , the Chicago Mercantile Exchange and the Chicago Board Options Exchange have announced plans to launch bitcoin futures contracts, and the U.S. Commodity Futures Trading Commission has already given them the green light. Nasdaq may be jumping into the bitcoin futures race as early as second quarter next year, Bloomberg reports. Bitcoin advocates are hoping the exchanges can help stabilize the highly volatile currency. Cryptocurrencies provide a digital alternative to government-issued fiat currencies and can be used in online marketplaces to buy everything from a cupcakes to plane tickets to cyber pets . While bitcoin remains both inconveniently slow (transactions can take upwards of 10 minutes) and risky (buyers cannot set a price until the day of the transaction, leading to wide fluctuations), some say its already safer than certain foreign currencies, such as Venezuelas bolvar . Thats because Bitcoin is protected from fraud and counterfeit by technology called blockchain an encrypted ledger system that records transactions accepted by consensus of asset managers. The Atlantics Derek Thompson summarized bitcoin as a frankly terrible currency built on top of a potential transformative technology, one that could have the power to change our conventional understandi Continue reading >>

Cardano Wants To Beat Bitcoin And Ethereum By Starting From Scratch

Cardano Wants To Beat Bitcoin And Ethereum By Starting From Scratch

On Oct. 1, 2017, an unusual event caused a collective gasp in the world of cryptocurrencies. A little known cryptocurrency called Cardano or ADA, as its corresponding coin is called showed up on crypto-tracking sites with a market cap of about $600 million. At the time, it was unusual to see a new coin appear out of thin air with such a high market cap. But Cardano is different. It's an incredibly ambitious product with a strong team and tons of buzz. By year's end, the market cap of Cardano was more than $10 billion, despite the fact that the project was in a fairly early stage. In January, it briefly soared to more than $33 billion before receding back to roughly $10 billion as the overall cryptocurrency market shrunk. It is currently the sixth largest cryptocurrency by market cap, behind Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin. SEE ALSO: After a monster run, Ethereum is the number two cryptocurrency again So what makes the cryptocurrency scene so bullish about Cardano? Cardano claims it will solve most of the issues that plague well-established cryptocurrencies such as Bitcoin and Ethereum. Bitcoin isn't flexible enough, and transactions on its network are currently slow and expensive due to protocol limitations and overwhelming demand. Ethereum is far more flexible, but as prominent Ethereum developer Vlad Zamfir recently put it it's not safe or scalable yet. But Cardano, at least so it claims, has very secure code, peer-reviewed by experts and scientists. It claims to be fast and scalable, thanks to its Ouroboros proof-of-stake technology. It's written in Haskell , a programming language that's typically used in critical systems in the banking and defense industries. It provides interoperability between existing cryptocurrencies. And finally, it offe Continue reading >>

Why Is The Price Of Bitcoin Rising, But Not For Ethereum?

Why Is The Price Of Bitcoin Rising, But Not For Ethereum?

In analyzing the factors for the increase in the value of Bitcoin Cash, it is important to acknowledge some of its major exchange markets. Currently, more than 50 percent of global BCH trades are concentrated in one exchange, South Koreas largest cryptocurrency exchange Bithumb. largest exchange markets in the BCH market are Bithumb, Coinone, and Korbit, which are all based in South Korea. To put it simply, at the time of reporting, the South Korean cryptocurrency market has accounted for over 65 percent of global BCH trades. Bithumb has been an important factor in the rapid growth rate of Bitcoin Cash. As the second largest cryptocurrency exchange in the world behind Bitfinex, the integration of Bithumb provides significant liquidity to a cryptocurrency. The importance of the integration of Bithumb has recently been demonstrated by Qtum. Within five days of integrating Qtum, Bithumb became the largest Qtum exchange market with around 51 percent in market share. In less than five days since the integration of Qtum, Bithumb evolved into the largest Qtum exchange in the global market. In the upcoming years, Bithumb will continue to focus on providing support for leading cryptocurrencies with innovative vision and competition, said Bithumb. Hence, the increase in demand for Bitcoin Cash from the South Korean market and specifically by Bithumb users, traders, and investors has been a driving factor in the upward momentum of BItcoin Cash. After struggling to rebound from a previous major correction on October 4, the price of Ether has finally recovered beyond the $300 mark. In the past 24 hours, the price of Ether increased from $297 to $307, by around $20. Usually, the price trend of Ether tends to correlate with that of bitcoin. However, today, Ether recorded a major dail Continue reading >>

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