Ethereum Archives - The Cryptocurrency Network

Ethereum Devs Propose Hard Fork to Address Impending Ice Age

December 4, 2019 adminAddress, Age, Devs, Ethereum, Fork, Hard, ICE, Impending, Propose0 comment

Ethereum developers have proposed a hard fork, titled the Muir Glacier, which is aimed at addressing the impending Ice Age that could potentially slow down the Ethereum mainnet. A hard fork refers to a radical change to a network’s protocol that makes previously invalid blocks and transactions valid or vice-versa and requires all nodes or users to upgrade to the latest version of the protocol software. Ethereum’s Ice Age, also called a Difficulty Bomb, is the increasing hashing difficulty in the mining algorithm used to reward miners with Ether (ETH)…

Ethereum

Ethereum Dev Arrested After Speaking at North Korea Crypto Conference

December 2, 2019 adminArrested, Conference, Crypto, Dev, Ethereum, Korea, North, Speaking0 comment

Virgil Griffith, a developer who currently works with the Ethereum Foundation, has been arrested upon arrival in the US after speaking at the Pyongyang Blockchain and Cryptocurrency Conference in North Korea in April. The United States Attorney’s Office for the Southern District of New York announced on Friday that Griffith had been arrested at Los Angeles International Airport on Thanksgiving Day. The complaint against the Ethereum developer, which was made by FBI Special Agent Brandon M. Cavanaugh, alleges that he was in violation of the International Emergency Economic Powers Act for…

Blockchain

Microsoft Partners with Ethereum to Create New Digital Assets

November 8, 2019 adminAssets, Create, Digital, Ethereum, Microsoft, Partners0 comment

The world of cryptocurrencies has developed at a breakneck pace over the past few years, and now it has emerged that tech behemoth Microsoft (NASDAQ:MSFT) is going to work with Ethereum to create new digital assets. Until a few years ago, it was almost unthinkable that one of the biggest companies in the world was going to enter the crypto space—but now, things have certainly changed. Major Details Microsoft is apparently working with ETH in order to find a way to audit newly created crypto tokens accurately. In addition to…

Blockchain

Ethereum (ETH) Picks Up Momentum Amidst Sudden Interest in Crypto

November 1, 2019 adminCrypto, ETH, Ethereum, Interest, Momentum, Picks, Sudden0 comment

While it is true that Bitcoin is clearly the biggest cryptocurrency in the world by way of market cap, over the years, Ethereum (ETH) has often been touted as the cryptocurrency that could eventually topple it. Although nothing of the sort has actually happened yet, there is now new hope among traders and market watchers that ETH could be heading for a bullish move soon. Bitcoin has recently enjoyed some bullish movement, and as everyone knows, the price of ETH is also closely linked with that price. As a matter…

Blockchain

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

October 9, 2019 adminBitcoin, BTC, Coinrail, Due, ETH, Ethereum, FUD, Hack, Plummet0 comment

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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Ethereum SKALE Network’s Funding Round Raises $17.1 Million

October 2, 2019 adminEthereum, Funding, Million, Networks, Raises, SKALE0 comment

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…

Blockchain

As Ethereum Price Drops, DAI Holds Well Against USD

September 26, 2019 adminDAI, Drops, Ethereum, Holds, Price, USD0 comment

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…

Blockchain

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

September 25, 2019 adminBroader, Crypto, Drops, ETH, Ethereum, Market, SellOff0 comment

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…

Blockchain

Ethereum (ETH) Posts Significant Gains on Value Buying

September 19, 2019 adminBuying, ETH, Ethereum, Gains, Posts, Significant0 comment

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…

Blockchain

Ethereum Gains as Momentum Returns, Jumps 20% This Week

September 17, 2019 adminEthereum, Gains, Jumps, Momentum, Returns, Week0 comment

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…