Category: Ethereum News
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Massive Hacks, VC Wars, and Governments Embrace Blockcain: This Week in Crypto
Make sure you check out last weeks post here, now let’s go over what happened in crypto this week. Price Watch: Bitcoin is up 5% this week after a strong gain of 15% last week. Much of the price gain came in a giant green candle when the price hit $9,000 before soaring up to $9,230 and stabilizing…
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Analyst Predicts Ethereum Price to Hit a Record $2,500 in 2018
Ethereum could rise fourfold to $2,500 and have a record-setting year this year, a financial consulting firm has predicted. “The price of Ethereum is predicted to increase significantly this year, and could hit $2,500 by the end of 2018 with a further increase by 2019 and 2020,” Nigel Green, founder and CEO of deVere Group,…
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Ethereum Creator Says Sharding is Coming, Significant Improvement in Scaling
Ethereum creator Vitalik Buterin has announced that Sharding, a much awaited scaling solution for the Ethereum blockchain protocol, is coming. What is Sharding? In essence, Sharding is a solution that optimizes the process of verifying transactions and smart contracts by splitting the blockchain network into partitions called shards. Instead of having every single node go…
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Ethereum Foundation Developer Proposes Smart Contract Insurance Fund
Ethereum Foundation developer Alex Van de Sande has unveiled a proposal for an insurance pool that he believes will mitigate the risk of network splits stemming from a desire to recover funds frozen due to code faults in smart contracts. Van de Sande, who is team lead for the Mist browser, wrote in a blog…
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PBoC Director Bullish On Blockchain, But Sees Potential In More Centralization
Director of China’s central bank’s digital currency institute is optimistic about Blockchain’s benefits, but suggests less decentralization will make the technology safer #NEWS
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China’s #metoo Movement Dodges Censorship on the Ethereum Blockchain
The sectors of the economy that blockchain technology has disrupted continues to rise, and now the #metoo movement in China can be added to that list. Despite the fact that the government has largely banned activities associated with digital currencies, the technology that underpins bitcoin has given #metoo student activists a voice. Yue Xin, a student…
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BBVA Registers $91 Million Loan on Public Ethereum Blockchain
Spanish banking giant BBVA is laying claim to be the first global bank to issue a loan using blockchain technology by completing a pilot of the entire issuance process on not one, but two blockchains. As Spain’s second-biggest lender, BBVA has been exploring and launching blockchain applications in core banking processes and has now successfully…
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Banking App Revolut Becomes Tech ‘Unicorn’ Valued At $1.7 Bln After Latest Funding Round
Banking app Revolut raises $250 mln in funding round – now valued at $1.7 bln, making it a “unicorn” startup #NEWS
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Parity Has ‘No Intention’ to Split Ethereum over $320 Million in Frozen ETH
Parity Technologies has “no intention to split the Ethereum chain” over a dispute involving more than $320 million worth of ETH that has been frozen for months due to a bug in a multi-signature wallet smart contract library, the company said in a statement. In the statement, which was attributed to Parity co-founders Jutta Steiner…
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OKEx Suspends ERC20 Deposits on Discovery of Critical Ethereum Smart Contract Bug
Cryptocurrency exchange OKEx has suspended deposits of all ERC20 tokens after the alleged discovery of a serious bug in at least 12 smart contracts built to this token standard. In a statement published Tuesday, the Hong Kong-based exchange — third-largest in the world as measured by daily trading volume — announced the suspension of deposits,…