What goes up must come down! After a month of spectacular gains, the cryptocurrency market has started the month of June in the red. Ethereum (ETH), Bitcoin (BTC) and Litecoin (LTC) all collapsed by around 10 percent as Asain markets opened this morning, taking almost $20 billion off the overall market value. Ethereum looked poised to break through the significant…
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Following yesterday’s spike and subsequent flash crash, the price of Ethereum is down 10 percent today along with the majority of the crypto market. However, with this drop precipitated by Bitcoin’s rejection at $9,000, analysts foresee further gains coming. ETH faced its own resistance at the £290 level before falling all the way to $240 before finding support. It has…
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A recent study by Chainanalysis Inc on the congestion of wallets concluded that the distribution of Ether was not as spread out as we would like to think, with just 376 people holding an estimated 30% of the token. That’s a lot of Ether to be held by a relatively small number of people. However, by way of comparison, around…
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The Ethereum foundation has published its 2019 Spring Update outlining plans and developments for the blockchain in the second quarter of this year. The price of Ethereum hasn’t been strongly affected by the news and other announcements regarding its testnet 2.0 but has managed to maintain its position above $250 while many other cryptocurrencies falter. Bitcoin (BTC) looked promising to…
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There are all sorts of achievements and partnerships that the cryptocurrency community has praised, and some have been more successful than others. It’s clear that if you are a cryptocurrency proponent, you understand that the more that individuals are aware of cryptocurrencies, the more potential there is for mass adoption of potential money flow into the crypto-markets. One sign that…
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It’s no secret that the cryptocurrency community can often be just as petty as it can be supportive. There are all sorts of Twitter feuds that have resulted from competing projects, and that trend doesn’t appear to be changing. In this case, however, the Spankchain CEO actually is criticizing Ethereum, which he has supported in the past. The Spankchain CEO,…
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Oftentimes, the bear market will bring out the worst in people. For various members of the Ethereum community, however, this ostensibly is not the case. Indeed, the past 48 hours have seen a generous inrush of ETH-denominated donations to the Ethereum address of a fast-growing, community-oriented project. It all started Wednesday, when EthHub – an information and research hub for…
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Some of the most innovative minds in the crypto industry are uniting at Graph Day today, where the future of the emerging Web3 movement will be explored from a range of perspectives such as that of software developers, investors, and community members. Located at the Grand Theater in the heart of San Francisco, Graph Day, which is organized by The…
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The team behind NKN (NKN) – described as “a new generation of highly scalable, self-evolving and self-incentivized blockchain network infrastructure” in its whitepaper – have proposed a one-to-one token swap from the extant NEP-5-compliant NKN token to one that is compliant with the Ethereum network’s ERC-20 standard. NKN’s decision, according to their announcement published on Friday, was “based on feedback…
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There is property on an island that is on sale currently. While this alone would not be considered groundbreaking news, the fact that the island will be sold for cryptocurrency obviously was praised by the cryptocurrency community. The property consists of over 2 acres on the island of Lemnos in Greece, and can be bought with cryptocurrency. The cryptocurrencies that…
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