Ethereum News (ETH) - Page 30

OmiseGo Becomes the First Ethereum Unicorn With a Market Cap of $1 Billion
OmiseGo, which made the news for finishing their ICO literally before it even started, now gets another honorary title for being the first ethereum based token to reach a market cap of $1 billion, making it a unicorn. The token has been in a bull run, rising from $1 to $10 this month, while doubling in only two weeks, with its volume standing at $170 million, much of it in dollars and Chinese Yuan. The token found fuel after its lead developer, Joseph Poon, published Plasma in collaboration with Vitalik Buterin, Ethereum?s inventor. So presenting a protocol that operates sort of like the Lightning Network, considerably increasing transaction capacity for projects, like OmiseGo, which is working on a decentralized exchange.
January 08, 2019 8:57 PM

Ethereum Days Destroyed Spike, Digix Moves Half a Million Eth, 54,000 Sent to Gemini
465,134, worth about $134 million, have moved today for a fee of just 29 cent as a DGD token holders vote passes, giving Digix the green-light to liquidate $20 million worth of eth. That translates to about ?70,000, with the new Digix multisig now having ?395,000. We tracked the rest and ended up at Gemini. Digix has stated the eth will be liquidated in trenches to avoid any potential front-running. A representative from Digix Global publicly said: ?All of the ETH will be sold via OTC market makers, and will not be done in one full tranche so as to prevent us from being front runned.? They further add:
January 08, 2019 8:56 PM

Ethereum Short-Selling Spikes to All Time High
Ethereum shorts have almost doubled in the past two days from about 160,000 eth to now ?307,000, some ?27,000 above its previous all time high on September 18th. Back then, ethereum shorts fell from ?280,000 to just ?100,000 on September 22nd. To then go on and triple in just three weeks. That?s close to a reverse mirror of ethereum?s price action. It fell between September 17th-18th to a local bottom, with shorts so reaching the then all-time high (ATH). Price then rose up to September 22nd, with shorts so closing. Then there was some sideways movement until this Thursday when eth suddenly fell, so sending shorts spiking to all time high.
January 08, 2019 8:55 PM

Kyber ICO Raises $50 Million for an Ethereum Decentralized Exchange
KyberNetwork, a Singaporean based start-up, has reached its cap of 200,000 eth, currently worth around $50 million, in an ICO that began yesterday and finished a few hours ago today (16 September 2017). 21,309 unique addresses participated with each requiring white-listing through a KYC process. While contributions were limited to just 3.60 eth (~$1,000) for the first day. As the cap was not reached, it proceeded to the second day, which contained no contribution limits. Leading to a race of sorts and network congestion as investors raced to get in, with the highest amount invested being 800 eth, currently worth $200,000.
January 08, 2019 8:54 PM

Vitalik Buterin Lays Roadmap for Ethereum Visa Levels Quadratic Sharding
?The ethereum killer is ethereum, the ethereum of China is ethereum, the ethereum of Taiwan is ethereum? 2.0.? That was the opening statement of Vitalik Buterin, Ethereum?s inventor, at BeyondBlock in Taipei where he laid out a plan to reach Visa levels scalability within the next 3-5 years. The main problems facing ethereum are privacy, safety and scalability, he said. With privacy being 3/4th solved, according to Buterin who was wearing a Byzantium t-shirt, referring to the latest ethereum hardfork. That upgrade introduced some fairly fancy new cryptographic algorithms, Buterin says, including zero-knowledge proofs and ring signatures which don?t solve the privacy problem on their own but can give coders tools to build solutions.
January 08, 2019 8:54 PM

Ethereum's Subreddit Has More Users Online Than Bitcoin s
For the first time ever, ethereum?s public forum, ethtrader ? dedicated to price and trading discussion about eth as well as relevant news ? has surpassed bitcoin?s main public forum, r/bitcoin. At the time of writing, r/ethtrader has 801 active users online, while r/bitcoin has 762, a significant statistic that may potentially indicate a shift in attitude is currently happening in the digital currency space. The main reason is probably because bitcoin is mired in a never ending ?debate? regarding its scalability which has led to considerable in-fighting with its two main public forums, r/bitcoin and r/btc, often descending into name-calling and demeaning statements.
January 08, 2019 8:53 PM

Google's Founder Says We Are in a "Technology Renaissance," Ethereum a Factor in the "Boom of Computing"
Sergey Brin, co-founder of one of the most successful company on earth, stated a boom in computing has led to an era he calls ?technology renaissance.? In a letter to investors, Brin said: ?Every month, there are stunning new applications and transformative new techniques. In this sense, we are truly in a technology renaissance, an exciting time where we can see applications across nearly every segment of modern society.? Ethereum has partly contributed, he said, by driving demand for better GPU processors, which in turn have allowed for more powerful machine learning. ?There are several factors at play in this boom of computing,? Brin said before citing Moore?s Law to further add:
January 08, 2019 8:51 PM

Luis Suarez Excited About Ethereum Based Prediction Market Stox
The world famous footballer Luis Suarez, who plays for Barcelona as a striker and for Uruguay?s national football team, tweeted about eth and Stox to his ten million followers today, stating: A brief overview of his twitter suggests this is the first time he has declared himself as a fan of ethereum generally and Stox in particular. However, it is unclear whether he own any eth or whether he took part in the Stox ICO which raised 148,000 eth, currently worth around $48 million, on August the 3rd. Those investors have seen some considerable gains, with Stox?s market cap nearly doubling to $77 million, seeing a price rise of around 8% today.
January 08, 2019 8:51 PM

Global Banks and Industry Giants to Launch an Ethereum Based Commodities Trading Platform
Fifteen international companies have launched a joint venture to digitize commodities trading through an ethereum based blockchain platform called komgo SA. ?The potential that distributed ledger technologies (DLT) have in transforming the commodities sector is clear as evidenced with the success of the Easy Trading Connect experiments? said Toon Leijtens, Chief Technology Officer of komgo SA. Easy Trading Connect was a prototype by commodity trader Louis Dreyfus, Societe Generale and a number of others which found blockchain tech can reduce processing times from hours to minutes. In a video describing the project at a high level view, they say commodities trading, like oil or grain, has not changed in centuries.
January 08, 2019 8:51 PM

Are Bitcoin and Ethereum at a Tipping Point
Bitcoin was trending yesterday on Google Searches with the currency being in the top five words Americans were looking for, attracting more than 200,000 enquiries. Ethereum was not far behind, ranked around the 16th. This is the first time a digital currency has made it to Google trends, a place usually reserved for the latest blockbuster movie, hottest song, or a nationwide political event. As such, is Bitcoin and Ethereum now at a tipping point? The level of interest both currencies have been attracting in the past two months has been the highest ever. Ethereum has increased in market cap from $1 billion to $17 billion, overtaking Twitter. Bitcoin has doubled in price, rising to an astonishing current trading price of $2,240.
January 08, 2019 8:50 PM

Ticketmaster Acquires an Ethereum Based Tokenized Interactive Tickets Platform, But is Any of it Real
A primary ticket outlet that sells millions of tickets a year bought out a little known start-up for an undisclosed amount. Justin Burleigh, Chief Product Officer at Ticketmaster, said: ?Ticketmaster is constantly exploring emerging technologies, and there aren?t many that have the unique possibilities of blockchain.? While Sandy Khaund, Founder and CEO of the acquired start-up, Upgraded, said in a statement: ?Upgraded leverages Blockchain to maximize trust for ticket holders, give control and flexibility to content owners, and data to teams and performers. We?re proud of what we?ve built and are looking forward to working with the incredible team at Ticketmaster to help us scale.?
January 08, 2019 8:50 PM

Ethereum Added to
The biggest online crypto wallet has, for the first time since it was launched back in 2011, added another currency besides bitcoin, ethereum. ?We?re excited to announce that as of today, our users can seamlessly store, send, and receive ether on both iOS and Android,? the company said. They are somewhat fully integrating eth, but you can not send them to a smart contract and you can not send eth based tokens. They say: ?If you receive any of these tokens to your Blockchain wallet you will not be able to send them or see the balance of the tokens while logged into your wallet. Since you have complete control over your funds you are able to export the private key for your ethereum address and import it into any other ethereum wallet that supports ERC20 tokens.?
January 08, 2019 8:50 PM

Ethereum Nodes Are "Much More Decentralized" Than Bitcoin Says New Study
A new comparative peer-revieed study on the levels of decentralization in bitcoin and ethereum finds that ?the full node distribution for Ethereum is much more decentralized.? The Cornell team, including Adem Efe Gencer, Soumya Basu, Ittay Eyal, Robbert van Renesse, and Emin Gün Sirer, further finds ethereum has fairer variance, facilitating smaller miners. Thus potentially incentivizing a higher level of miner decentralization. Studying node distribution through ping latency, measuring how long a node would take to respond to a ?command,? the study finds: ?Only 13% of Ethereum latencies are under 100ms, while Bitcoin has a surprisingly high 46%. Additionally, the estimated peer-to-peer latency between Ethereum nodes is 26.7% higher than Bitcoin on average.
January 08, 2019 8:49 PM

Coinbase's GDAX to Refund Ethereum Flash Crash Traders
In an unprecedented move, GDAX will pay out of its own company pockets to ?affected customers who had margin calls or stop loss orders executed?? on June the 21st when ethereum flash crashed to ten cent. GDAX stated that ?all trades this week were executed properly,? but, some of their customers did not receive the quality of service GDAX strives to provide, they said. Therefore: ?We will establish a process to credit customer accounts which experienced a margin call or stop loss order executed on the GDAX ETH-USD order book as a direct result of the rapid price movement at 12.30pm PT on June 21, 2017.?
January 08, 2019 8:48 PM

EOS Crashing Ethereum, 300,000 Eth Sold Just as Binance Lists EOS/USDT
Ethereum tanked this morning London time within one brutal hour at around six o?clock primarily on one exchange, the unregulated, bank-blockaded Bitfinex. An incredible trading volume of some 180,000 eth exchanged hands within that one hour on Bitfinex, up from around 20,000 an hour before hand. That?s compared to somewhat usual trading volumes of around 20,000 eth on OKex and Gdax, suggesting clearly someone sold a lot of eth on Bitfinex. On that same exchange, just before hand there were walls too, endless walls as far as traders are concerned, with a 20,000 bearwhale taken down then another one popping up until they may have lost patience and perhaps market sold.
January 08, 2019 8:47 PM

Ripple Briefly Overtakes Ethereum on SWIFT Rumors
Ripple briefly took second position in market cap earlier today before ethereum re-gained it, with just $400 million currently standing between the two. This unexpected competition for second place comes just a day or so after Bitcoin Cash rose some 30% in expectation of a chain-split hardfork. Thus no one was paying attention to Ripple, except Japan. An exchange there tops XRP?s trading volumes, with the exchange itself handling far more Ripple volumes than for any other crypto. We could not find any recent Ripple news from Japan, with the only thing of relevance appearing to be a comment made in September by Yoshitaka Kitao CEO of a financial company with a $5 billion market cap, SBI Group. Kitao said:
January 08, 2019 8:46 PM

"Something Revolutionary is Happening" with Bitcoin and Ethereum Says David Sacks of "PayPal Mafia"
Bitcoin has achieved what PayPal couldn?t says David Sacks, a former COO of PayPal who invested in many web 2.0 companies, including Facebook, Uber, SpaceX and others. Making him an influential investor in Silicon Valley, alongside Peter Thiel, who now serves in the Trump administration, and Reid Hoffman of Linkedin. Giving them the nickname of PayPal mafia due to striking rich early on with PayPal, then investing in many companies that became very successful. ?Bitcoin is fulfilling PayPal?s original vision to create ?the new world currency.? We actually had T-shirts printed in 1999 with that mission statement,? Sacks says before explaining they tried to create a database of money at PayPal, but failed. However, bitcoin and other digital currencies like ethereum have succeeded in doing so through a decentralized blockchain based network.
January 08, 2019 8:46 PM

Ethereum's Network Congestion Clears, Fees Fall to Seven Cent
It?s as if by click of fingers, ethereum?s network congestion has suddenly disappeared, with transaction fees back to pennies at the time of writing. The ?airdrops? of random tokens that appear to have no project have gone, at least for now, with the top gas users back to a more normal distribution. It appears a Chinese exchange has finally changed their listing rules. In an announcement today, they say: ?The listing rule of FCoin GPM adopts the mechanism of ?The cumulative deposit number ranking?. After July 5th, 2018, we will count the top 10 of the ?The cumulative deposit number ranking? at 0:00 each day, and obtaining listing qualification on the second day. The duration of this listing rule is subject to future announcements.
January 08, 2019 8:45 PM

Ethereum's Inventor, Vitalik Buterin, Meets Putin
Vitalik Buterin has met Russia?s President Vladimir Putin at the St Petersburg International Economic Forum which started on the 1st of June and is to run until today. The two held a brief discussion yesterday, according to Buterin, who publicly said ?it was a brief conversation at the end of a private CEO meeting,? without providing any further details regarding what was discussed. According to a very rough translation, Russia?s Press Secretary stated that Putin briefly communicated with Vitalik Buterin, Ethereum?s founder, who spoke about potentially using blockchain technology in the Russian Federation.
January 08, 2019 8:44 PM

Why Has South Korea Fallen in Love with Ethereum
South Korea, a country of around 50 million residents with a GDP of $2 trillion, seems to have taken a disproportionate interest in ethereum with their main exchange, Bithub, handling more volume than Coinbase?s GDAX. Korean exchanges are handling around $30 million in eth/fiat volumes, twice as much as both GDAX and Kraken combined, leading many to wonder why they have shown so much interest. The answer is probably due to a combination of factors. The main reason may be because South Korea is big in gaming with a number of reports suggesting that Sony representatives have mentioned ethereum at some of the biggest gaming conferences.
January 08, 2019 8:44 PM

Aggregated knowledge base entries about Ethereum (ETH) Titles not entered by Crypto.BI and are Copyright(C) their original authors.