Ethereum Archives - The Cryptocurrency Network

Ethereum Drops to $200 Levels as Crypto and Global Markets Crash

March 10, 2020 adminCrash, Crypto, Drops, Ethereum, Global, Levels, Markets0 comment

Ethereum (ETH) price has continued to fall after a dreadful weekend, which saw the price drop to around $198, wiping out last week’s gains. The cryptocurrency is currently trading slightly above the $200 support level and faces a nervy week in which it could drop as low as $170. Ethereum Drops to $200 as Crypto Markets Crash The coin has had a stellar year to date, having started the year at $130. It reached $280 in mid-February, outperforming even Bitcoin (BTC) in its percentage climb. However, there has been a…

Blockchain

Polkadot Targets Onboarding Ethereum Ecosystem with Chainlink Oracles

February 26, 2020 adminChainLink, Ecosystem, Ethereum, Onboarding, Oracles, Polkadot, Targets0 comment

Polkadot is readying itself for its expected network launch after it announced its integration with Chainlink oracles on February 25. The progress made with the integrations is an indication of a systematic approach that will allow porting with Ethereum infrastructure. Polkadot Announces Integrations of Chainlink Oracles The integration of Chainlink oracles is vital in the creation of Polkadot’s decentralized finance and other smart contracts. Chainlink has finalized the preliminary integration on Kusama, which is a Polkadot canary network synonymous with a testnet. Following the move, Polkadot developers will now be…

Bitcoin

Ethereum (ETH) Almost Doubled This Year

February 13, 2020 adminDoubled, ETH, Ethereum, Year0 comment

When Bitcoin was in the middle of its stunning rally last year, Ethereum failed to catch any of this, but things have been quite different this year. It is the second-biggest cryptocurrency in the world by market cap, and over the last few weeks, it has left most of the wider market in the dust. While the rally must come as a welcome boost for ETH holders, it is perhaps also important to figure out the reasons behind the near 100% rise since January. Here is a closer look at…

Ethereum

Aztec Introduces Privacy Network on Ethereum Blockchain

February 4, 2020 adminAztec, Blockchain, Ethereum, Introduces, Network, Privacy0 comment

Over the years, the Ethereum network has slowly but surely grown into one of the most influential blockchain networks in the industry. Over the years, plenty of institutions have established their proprietary networks on the Ethereum blockchain, and that is one of the major reasons behind this blockchain network. In a new development that will come as a major boost for ETH fans, it has emerged that Aztec has decided to establish its private network on Ethereum. The network in question is supposedly going to provide a cost-effective solution to…

Ethereum

Ethereum Dev Virgil Griffith Pleads Not Guilty in North Korea Case

January 31, 2020 adminCase, Dev, Ethereum, Griffith, Guilty, Korea, North, Pleads, Virgil0 comment

Former Ethereum developer Virgil Griffith has pleaded not guilty to conspiracy charges filed against him by the US Attorney’s office in relation to a speech he gave at a blockchain conference in North Korea in April 2019. Griffith was arrested on Thanksgiving at Los Angeles International Airport after the FBI alleged that he breached the International Emergency Economic Powers Act (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. Earlier this month, the former…

Blockchain

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…