ETH price indeed matters for the development of the Ethereum, says Vitalik Buterin, who also notes that if the price is zero, then the network cannot be secure. Ethereum Price Matters Says Vitalik Buterin Speaking to a full house at the Columbia Journalism School on Wednesday, March 20th, Ethereum co-founder, Vitalik Buterin, stated that the price of the Ethereum token (ETH) 00 must sustain its high level to ensure that the Ethereum ecosystem continues to develop. The 25 year old Russian-Canadian programmer explained to host Laura Shin that many of…
Read MoreTag: Blockchain
In the Daily: Mt. Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss Regulations
Mt. Gox rehabilitation trustee Nobuaki Kobayashi has reviewed the claims filed by the exchange’s creditors and we’ve included his announcement in The Daily. Also, Caspian launches crypto derivatives trading in partnership with Deribit, Facebook is looking to hire a blockchain lawyer, and Swiss lawmakers have tasked the federal government with adapting existing regulations to cryptocurrencies. Also read: Coins at Kiosks, Micropayment Solutions, Token Launchpad, GPU Inventory Mt. Gox Trustee Completes Review of Claims The rehabilitation trustee in the Mt. Gox case, Nobuaki Kobayashi, has completed the review of the claims…
Read MoreTim Draper-Backed Tezos Soars 70% In Three-Day Bull Run
Embattled DApps and smart contracts platform Tezos has become an unlikely trading hit this week after its XTZ token delivered sudden 70 percent returns. Tezos Traders Go From Rags to Riches Data from CoinMarketCap confirmed XTZ’s abrupt bull run, which began March 19. After trading at just under $0.50 for an extended period, XTZ/USD 00 shot up to a peak of more than $0.83, delivering three-day gains of 70 percent. The performance marks a dramatic change for the token, which had previously traded rangebound between $0.33 and $0.49 since early…
Read MoreChina Favors Tron and EOS in New Crypto Ranking But Downgrades Bitcoin
China’s Center for Information and Industry Development has released its latest crypto project ranking. Tron and EOS top the list out of the 35 crypto projects evaluated while Bitcoin has been downgraded slightly. The center also evaluated the projects independently based on basic technology, applicability, and creativity. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval March Ranking The Center for Information and Industry Development (CCID), under China’s Ministry of Industry and Information Technology, released the 11th update of its crypto project ranking report on Friday. The…
Read MoreMexican Central Bank Looks to Hamstring Cryptocurrency Exchanges
Mexico’s central bank, Banco de México, is reportedly leveraging the country’s new fintech law to propose further regulations that would, in all but definition, ban cryptocurrency exchanges. According to a report from Washington, D.C.-based non-profit research and advocacy center Coin Center, the proposed laws in Mexico would hamstring cryptocurrency exchanges ability to access the local banking system. In doing so, cryptocurrency exchanges would be effectively banned, even though the law would not explicitly forbid their operation. The proposed regulation reportedly comes straight from Mexico’s central bank, which surely has little…
Read MoreEthereum Price Analysis: ETH Loses the Daily Uptrend
Ethereum price (ETH) has halted its upward trend, highlighting that confirmation bias is a dangerous thing. Let’s take a look at the current situation and where ETH/USD may be headed next. Ethereum Price Stirs Bears While the general market set up was bullish up till this morning, the echo chamber of bullish news and moon sighting technical analysts coming from all angles seems to be generating a bit of confirmation bias within the crypto community. Hopefully today’s Ethereum price pullback will serve as a reminder that just because everyone says…
Read MoreBinance Research: USD Correlations Increasing, Bitcoin Correlations Decreasing
Binance, one of the world’s most popular and largest cryptocurrency exchanges, has released a report investigating price correlations between major cryptocurrencies. The report comes specifically from Binance Research, the exchange’s market analysis team. The research report, titled “Are Cryptoassets Highly Correlated?: An exploration of relationships between Bitcoin and other large cap digital assets,” was published on March 20. It reveals that there are other elements that potentially influence the correlation between digital currencies and cryptoassets, which tend to move in tandem. (Namely, where Bitcoin goes, the altcoins follow.) Some of…
Read MoreWhy Africa Continues to Lag Behind in Cryptocurrency Adoption
Africa continues to dominate Google Trends search interest for “bitcoin,” but that has not translated into widespread adoption of cryptocurrency by users and businesses. Apart from opaque regulation and a lack of awareness, one of the major reasons for this failure has been the expansive use of mobile money on the continent. Also read: Report: 87% of Crypto Exchanges May Be Falsifying Volume Crypto Adoption Disappoints, Even as Africa Dominates Bitcoin Search Interest According to Google Trends, the biggest search interest for bitcoin in the world is by potential investors…
Read MoreNew Bitcoin Lightning App Scratches Online Content Monetization Itch
A new Bitcoin Lightning app presents an interesting take on the ‘paywall for written content’ concept where users crowdfund ‘scratching off’ one letter at a time. Scratch That Itch Bangkok-based French developer, Guillaume Verbal, unleashed an interesting take on the ‘paywall for written content’ concept this week: a Bitcoin Lightning app where users crowdfund the reveal of a post by ‘scratching off’ one letter at a time. Lightning Scratchcard brings a genuinely innovative twist to the ‘content-paywall’ genre, providing a brand new way to earn some satoshis. The content creator publishes…
Read More8 Useful Browser Extensions for Cryptocurrency Users
Extensions, also known as plugins, provide a one-click way to customize your web browser. From filtering out offensive words to blocking unwanted ads, there’s a browser extension for that. Cryptocurrency users have a particular need for plugins to enhance their privacy, perform crypto payments in-browser, and check market prices. Whether you use Chrome, Brave, Firefox, Safari, or Opera, some of the following extensions may come in handy. Also read: Craig ‘Satoshi’ Wright Claims to Have Filed 666 Blockchain Patents Privacy and Precautions While plugins can add utility and convenience, remember…
Read More