Ethereum Completes Istanbul Hard Fork: Aiming for 3K Transactions Per Second

Ethereum Completes Istanbul Hard Fork: Aiming for 3K Transactions Per Second

A big congratulations to the Ethereum (ETH)trade community and the global crypto industry at large. The long expected Ethereum’s hard fork tagged ‘Istanbul’ is finally here and over. Okay, not entirely over as two other networks are expected to go live in the first quarter of 2020. Notwithstanding, the just-concluded upgrade of the second-largest cryptocurrency (by market capitalization) was a total success and it poses great hope for the future of crypto. The hard fork,…

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Microsoft Creates a Token Reward System on Ethereum Blockchain

Microsoft Creates a Token Reward System on Ethereum Blockchain

Good news for crypto-tech geeks! Azure, the blockchain-supported cloud platform under the canopy of Microsoft, just announced a token reward system to help encourage growth and creativity in the Azure community. In the page titled Introducing Azure Heroes, Microsoft disclosed that the newly-launched non-fungible tokens (NFT) are created for the sole purpose of boosting creativity on the platform. This will be primarily targeted at developers who make notable impacts in the community. Built on the…

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Sources: Virgil Griffith Wanted to Ship Ethereum Mining Equipment to North Korea

Sources: Virgil Griffith Wanted to Ship Ethereum Mining Equipment to North Korea

Virgil Griffith, a US citizen, a programmer and a cryptocurrency expert, was arrested last week on the grounds of aiding North Korea in violating international sanctions placed on the country. Now, new report indicates that he had previously told his peers about his plans to arrange a shipment of crypto mining equipment into North Korea to create new Ethereum (ETH)trade coins. According to close sources to Griffith, the 36-year-old Ethereum Foundation employee was working on…

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Ethereum Founder Vitalik Buterin: Free Programmer Virgil Griffith!

Ethereum Founder Vitalik Buterin: Free Programmer Virgil Griffith!

On December 1st, Vitalik Buterin, co-founder of the second-largest cryptocurrency Ethereum (ETH)trade and Bitcoin magazine, tweeted a link to a blog post that promotes a petition to free the programmer Virgil Griffith, who is accused of assisting North Korea bypass U.S.-imposed sanctions. In the tweet, Buterin states that he believes throwing Griffith under the bus would be wrong, and he further elaborates his reasoning for doing so. Buterin begins defending Griffith by stating that he…

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Did the Purported Fraud PlusToken Manipulate the Bitcoin Price?

Did the Purported Fraud PlusToken Manipulate the Bitcoin Price?

This year has been a great year for the crypto world. Okay, not as great as the 2017 craze, but it is a long way up compared to what we saw last year. As good as that sounds, several indicators show that the price curve was, in fact, influenced by some in-house players. Could PlusToken, which is accused of a $3.2 billion fraud, be the reason for the bull and bear price actions in the…

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South Korean Crypto Exchange UPbit Admits 342K ETH (~$50M) Theft

South Korean Crypto Exchange UPbit Admits 342K ETH (~$50M) Theft

UPbit, South Korean cryptocurrency exchange, has recently posted a statement on its official website, confirming a cyberattack that resulted in the robbery of approximately $50 million in virtual assets. The statement was posted on 27th November, when UPbit informed users about the suspension of its services related to deposit and withdrawal of cryptocurrency. The crypto exchange also revealed in the post that over 342,000 of Ethereum (ETH)trade was seized and stolen from Upbeat’s Ethereum hot…

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Formula 1’s Blockchain Game Offers 30 ETH in Pole Position Contest

Formula 1’s Blockchain Game Offers 30 ETH in Pole Position Contest

Formula 1 fans and crypto enthusiasts, here is a chance for you to win some Ethereum (ETH)trade and other digital tokens by taking part in Pole Position Auction for F1 Delta Time. F1 Delta Time is an official blockchain game by Animoca Brands that uses the second largest cryptocurrency Ethereum. A Pole Position auction will be held on 28th November 2019 for 10 official Formula 1 team cars. This contest makes the game more interactive…

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The Dai Stablecoin: The First Cryptocurrency Backed by Another Cryptocurrency (Ethereum)

The Dai Stablecoin: The First Cryptocurrency Backed by Another Cryptocurrency (Ethereum)

Stablecoins, like Tether (USDT) or Facebook’s Libra, are a new sort of cryptocurrencies that differ from the rest by avoiding fluctuating prices which make even the popular cryptocurrencies, such as Bitcoin(BTC)trade, difficult for trade. Their value is based on stable underlying resources. Some are backed by dollars, and some by gold. But a new stablecoin, Dai, in the market is making headlines for not being tied to any traditional financial asset, but instead it is…

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Ethereum Price Technical Analysis (Nov. 18): Further Correction Is Probable

Ethereum Price Technical Analysis (Nov. 18): Further Correction Is Probable

When looking at the chart below we can see that Ethereum (ETH)trade is currently trading at $184. It can also be observed that the second-largest cryptocurrency’s price is trading within the channel with the upper limit at around $185 acting as resistance and the lower limit of the channel at around $181 is acting as support. This is also confirmed by a formation of an evening star pattern, which is a bearish reversal pattern. Dow…

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Canadian Once Anti-Crypto Bank RBC Now Poised to Jump on the Crypto Wagon

Canadian Once Anti-Crypto Bank RBC Now Poised to Jump on the Crypto Wagon

Canada’s largest bank, the Royal Bank of Canada (RBC), is reportedly looking to venture into the highly volatile and controversial (at least in the banking community) crypto market, according to a report by the Logic. Besides being the biggest bank in Canada, accruing more than $965 billion in total assets, the RBC was notorious at a time for its anti-crypto stance. Thanks to the controversial nature of the crypto ecosystem, it is not unusual to…

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