Blockchain 

Bitcoin (BTC) and Ethereum (ETH) Plummet Due to Coinrail Hack ‘FUD’

Bitcoin (BTC) and Ethereum (ETH) Plummet – Over the weekend, $42 billion was wiped off the cryptocurrency market as FUD spread over a small North Korean exchange hack. Coinrail announced the hack via their website calling it “system maintenance.” The small Korean exchange stated that these hackers stole up to 30% of the digital tokens in its storage. Coinrail confirmed that the remaining 70% had been safely moved to a cold wallet and remain unharmed. A newly launched Pundi X (NPXS) makes up nearly two-thirds of the exchanges trading volume,…

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Blockchain 

Ethereum SKALE Network’s Funding Round Raises $17.1 Million

Ethereum’s scaling platform, SKALE Network, has reportedly raised $17.1 million in a recent funding round for the launch of its mainnet. The company has indicated that this is Ethereum’s best chance of beating other smart contract platforms. SKALE Adds More Investors Backed by US-based SKALE Labs and NODE Foundation of Licheinstein, the platform now has around 40 investors. The investors are from different parts of the globe, which include the US, EU, Korea, Hong Kong, Singapore, and Japan. The financing round consists of $10 million from SKALE Labs as well…

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Blockchain 

As Ethereum Price Drops, DAI Holds Well Against USD

After the Bitcoin rally subsided back in 2018, there was a lot of talk that the world’s second-biggest cryptocurrency, Ethereum, had the potential to eventually upstage BTC. It did not seem like the most unrealistic claim at the time, but over the past months, it has become abundantly clear that this is unlikely to happen anytime soon. Over the course of the past few days, ETH has had a disappointing time, and the price of the token has continued dropping. However, it was the weakness shown by the stablecoin DAI…

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Blockchain 

Ethereum (ETH) Drops 2% in Broader Crypto Market Sell-Off

The cryptocurrency market is currently in a free fall with Ethereum (ETH) being the biggest casualty. In the last 24 hours, the coin has lost almost 20%. Ethereum Drops on the Launch of Bakkt Futures Contracts Ethereum dropped to lows of $153.79 from $190 before it rebounded slightly to the present price of $168. This is the lowest the price ETH has been for three months, and it seems the fall is not yet over. There is uncertainty in the market, and most investors are currently heading to Tether, which…

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Blockchain 

Ethereum (ETH) Posts Significant Gains on Value Buying

Ethereum has been leading the crypto rally over the past week after the slump in the first half of 2019. Over the past few years, Bitcoin has firmly established itself as the biggest cryptocurrency in the world by market cap, and it is the only coin that can actually move markets one way or another. Over the past few years, the second-biggest cryptocurrency in the world, Ethereum, was regarded as the only viable challenger to Bitcoin. Ethereum Leads Although Ethereum never overtook Bitcoin, as some believed it might, it is…

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Blockchain 

Ethereum Gains as Momentum Returns, Jumps 20% This Week

While Bitcoin went on its incredible rally during the first half of the year, its biggest competitor, Ethereum (ETH), struggled massively and failed to generate any meaningful gains for its holders. There was a time when many had predicted that ETH was going to eventually overtake Bitcoin, but that never came to pass, and this year, the performance was particularly disappointing. Is it a Bullish Sign? However, it seems that ETH is making a comeback this week; the token recorded massive gains to stoke excitement in the crypto sphere yet…

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Blockchain 

Santander Launches First Ever End-to-End Bond on Ethereum Blockchain

Spanish banking giant Santander (NYSE:SAN) has announced today that it has become the first bank to use blockchain to manage a bond issue. The bank reportedly issued $20 million USD worth of bonds on the Ethereum blockchain, where it will remain until the end of its one-year maturity. As part of the transaction, Santander used an ERC-20 token to represent the value of the bond, which it issued on Ethereum’s blockchain network. This ERC-20 token was then bought by one of Santander’s companies, Santander Corporate and Investment Banking (CIB), for the…

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Blockchain 

Ethereum (ETH) Slumps 50% From Highs in 2019: What to Do Now?

Over the past few years, Ethereum (ETH) has firmly established itself as the second biggest cryptocurrency in the world, and although many have predicted that it might one day topple Bitcoin, it has never come close to doing so. 2019 has not been a particularly great time for the token, and despite the fact that the wider crypto space has managed to generate impressive gains, ETH has lagged behind somewhat. Moreover, it has taken a bit of a pounding over the past two days, and its price has now gone…

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Blockchain 

Ethereum (ETH) Slumps to 3-Month Low on Renewed Pessimism

Ethereum may be the second-biggest cryptocurrency in the world by market capitalization, but it has been on a losing streak for quite some time, and there is a genuine fear that the token might eventually lose its preeminence in the crypto sphere. Sell-Off in the Broader Market The current slump in the crypto market seems to have hit Ethereum particularly hard, and as of Wednesday, the token plunged down to record lows. The price of the token dived to its lowest levels since the month of May, and it goes…

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Blockchain 

Is Tether Taking Over the Ethereum Network? Buterin Warns of Issues

Processing transactions in the digital token Ether on the underlying blockchain could soon be expensive for some users. This is warning issued last week by Vitalik Buterin, the co-founder of Ethereum. According to tracker Etherscan.io, utilization of the Ether network has significantly increased to around 90%. Buterin indicated that as utilization grows, so do transaction costs, and that might deter corporate users from using Ethereum. Tether Replacing ICOs on Ethereum Network During the height of cryptocurrency, the digital game CryptoKitties was taking off and slowing down the Ethereum network immensely.…

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