Ethereum Archives - The Cryptocurrency Network

Ethereum (ETH) Soars 35% in a Month

January 16, 2020 adminETH, Ethereum, Month, Soars0 comment

Ethereum (ETH) continues to gather pace after an impressive start to the year. The second-largest cryptocurrency by market cap has already risen to a two-month high of $165 after a 13% rally this week. Over the past month, the cryptocurrency has rallied by more than 35% and is showing no signs of slowing down. Ethereum Price Gain Price gains have coincided with an uptick in trading volume, affirming renewed investor interest in crypto after a roller coaster 2019. Trading volumes have more than doubled to highs of $17.9 million over…

Blockchain

Ethereum Dev Indicted By Grand Jury Over North Korea Appearance

January 9, 2020 adminAppearance, Dev, Ethereum, Grand, Indicted, Jury, Korea, North0 comment

Ethereum developer Virgil Griffith has been indicted by a grand jury for conspiracy to violate the International Emergency Economic Powers Act (IEEPA) after speaking at a cryptocurrency conference hosted by the North Korean government last April. Griffith was initially arrested on Thanksgiving at Los Angeles Internation Airport after FBI Special Agent Brandon M. Cavanaugh alleged that the Ethereum dev had breached the IEEPA in traveling to North Korea without authorization and providing knowledge on how the country can utilize blockchain technology to launder money and evade sanctions. The case was…

Ethereum

Ethereum Network Overcomes Malicious New Year’s Eve Attack

January 2, 2020 adminAttack, Ethereum, Eve, Malicious, Network, Overcomes, Years0 comment

The Ethereum Network was the target of a coordinated attack in recent days, affecting client platform Parity, which threatened to cause significant downtime. Malicious Attack to Undermine Ethereum Network The attack began on December 30 when invalid blocks were sent to the network, which caused node operators using the Parity client, which handles over $50 billion USD in assets and underpins some of the most ambitious projects on the Ethereum blockchain. The invalid blocks caused the node operators using the Parity client to lose sync with the network. Sergio Demian…

Ethereum

Binance to Support Upgraded Ethereum Network Muir Glacier

December 30, 2019 adminBinance, Ethereum, Glacier, Muir, Network, Support, Upgraded0 comment

When it comes to the crypto space, it should be noted that much of the progress that has been seen is primarily due to the existence of crypto exchanges, and perhaps the most influential among those is Binance. In a new development, the exchange has announced that Ethereum withdrawals and deposits are going to be suspended in order to complete an upgrade on the ETH network. Key Details The Ethereum network recently announced that there is going to be a Muir Glacier upgrade, and owing to that, Binance will update…

Blockchain

Ethereum Plunges 10% in 48 hours

December 18, 2019 adminEthereum, Hours, Plunges0 comment

The price of Ethereum (ETH) dropped to $123 from $142 in the last 48 hours, which is more than a 10% drop against the dollar. At the start of the year, the coin was trading at $130 across all cryptocurrency exchanges. The latest drop leaves the coin in the net negative this year, in contrast to Bitcoin’s 70% performance in 2019. The worst part is that the coin is still 91% down from its record high of $1,450. The coin reached this peak during the initial coin offering (ICO) craze…

Bitcoin

Ethereum Gets Solid Support from Ernst & Young

December 6, 2019 adminErnst, Ethereum, Solid, Support, Young0 comment

The past few days have been quite difficult for the crypto space due to the continuing poor performance by some of the leading tokens; however, major cryptocurrency Ethereum received some boost today. In a new development, consultancy giant Ernst & Young announced a new source code that could make the ETH blockchain far more efficient and secure. How Important is This? The development comes at an interesting time since ETH is all set to upgrade its network in order to control costs significantly and promote efficiency. This is a development…

Blockchain

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…