ETH Archives - 2100NEWS

UrbanJuly 27, 2018
Hightlights-1.jpg

3min1406

The bitcoin price careened back toward $8,000 on Thursday after the U.S. Securities and Exchange Commission (SEC) rejected the Winklevoss twins’ second attempt to create a bitcoin ETF and list it on a regulated stock exchange.

The bitcoin price had entered the evening trading at approximately $8,300, a mark it managed to hold until shortly after 20:30 UTC. At that point, the floor appeared to disappear from under the flagship cryptocurrency’s feet, and it quickly posted a several-hundred-dollar decline. The bitcoin price briefly sunk below $8,100, though it has since recovered to a present value of $8,117.

bitcoin price
BTC/USD | Bitfinex

The decline correlated with the news, revealed public SEC documents, that the agency had denied an application filed by Cameron and Tyler Winklevoss, prolific bitcoin investors and founders of cryptocurrency exchange Gemini, to launch an exchange-traded fund (ETF) product that tracks the price of bitcoin.

The denial marked the second time that the SEC had thwarted a Winklevoss-led attempt to create a bitcoin ETF, and also cast doubt on whether the agency will be willing to approve any of the manifold other cryptocurrency ETF applications that are currently undergoing review by SEC officials.

Many analysts had said that the recent bitcoin price rally was an indication that traders had priced in a bitcoin ETF approval, an event that now appears more unlikely. This ultimately raises the question of whether we will see bitcoin once again test the $8,000 mark and perhaps drop back below it.

 


UrbanJuly 12, 2018

5min1563

At the RISE conference held in Hong Kong, the largest technology conference in Asia attended by 15,000 attendees, Ethereum co-founder Joseph Lubin said that the Ethereum blockchain has entered phase two of its development, following the launch of the most complicated app on its protocol.

Hundreds of Thousands of Transactions Regularly

The open-source developer community of Ethereum led by prominent developers like Vitalik Buterin, has been focusing on the development of layer-two solutions Plasma and Sharding, which combined have the potential to increase the capacity of the Ethereum blockchain network to one million transactions per second.

During a panel discussion at the conference, Lubin emphasized that in the near future, the Ethereum blockchain protocol’s main chain will be utilized as a trust system and layer-two networks will mostly handle the heavy load of processing large amounts of data.

“[Ethereum is moving] into a space where it can serve as the layer one trust system, and built into Ethereum we’ll have hundreds of thousands of transactions in the layer two systems and we’re going to see that ramified this year.”

Essentially, solutions like Sharding and Plasma leverage the security of Ethereum’s layer one protocol to securely process information in a highly efficient manner. Because Plasma operates as a multichain protocol with a network of minor blockchains while processing small payments as a micropayments channel simultaneously, the integration of the two solutions are expected to create an ecosystem wherein any decentralized application (dApp) can be deployed and operate without facing scalability issues.

Some crypto and blockchain projects have already employed unique off-chain systems to batch payments and only send transactions that absolutely need to be processed on the main chain. 0x, for instance, which operates as a base layer for decentralized exchanges, has been processing most of the buy and sell orders on decentralized exchanges off-chain and broadcasting batched transactions to the main chain to reduce the burden on Ethereum.

Augur Launch

augur price

Decentralized prediction market platform Augur, which its founder Joey Krug described as the most complicated decentralized application, has launched on the Ethereum blockchain protocol after years of development.

The launch of Augur on the smart contract protocol of the Ethereum blockchain took longer than any other project currently in existence due to the difficulty of deploying its prediction market on a decentralized network that relies on smart contracts to esttle information.

In May, Krug said:

“Augur’s about 10x more complex than the second most complicated ethereum project, makerdao, which has about 10 contracts vs augur’s 100 [complexity isn’t a good thing, and the augur team has tried to make it as simple as possible, it’s just a really complicated endeavor].”

“Engineering dapps is more risky than engineering underlying blockchains imo. It’s also harder, having been involved with both,” he added. “An underlying chain has no UI, little UX concerns, can fork if it runs into trouble, and doesn’t have to be *easily accessible* in a decentralized way.”

As the layer one blockchain protocol of Ethereum improves in security and layer two solutions provide scalability, complex projects and sophisticated dApps that require significant amount of data processing capacity to perform — which include decentralized exchanges, prediction markets, and stock markets — will be able to perform and operate seamlessly.


UrbanJune 8, 2018

3min1705

From bond issuances to educational certificates, blockchain technology is increasingly finding new use-cases every day. Stepping aside from its use in financial and industrial sectors, the ethereum blockchain will be utilized in June 2018 to facilitate the auction of Andy Warhol’s 1980 work 14 Small Electric Chairs for cryptocurrencies.

The auction will be carried out by Dadiani Fine Art in London’s Mayfair district, in partnership with blockchain platform Maecenas Fine Art. Overall, 49 percent of Warhol’s works will be up available for sale on June 20, and the auction house will accept bitcoin and ethereum as payment.

Regarding price, the piece is valued at 732 BTC or $5.6 million at the time of writing, and would undoubtedly change as per market conditions on the day of the auction. Reportedly, the reserve price is 25 BTC or $4 million. The auction house strictly requires potential buyers to comply with local regulations.

While will not be the first time an art piece is bought using cryptocurrency, it is thought to be the most expensive and high most high profile. In January 2018,  the Art Stage Singapore witnessed the sale of four paintings in exchange of cryptocurrencies.

The founder of Dadiani Syndicate, Eleesa Dadiani, explained the development:

“We aim to render the future of fine art investments to global reach. The cryptocurrency will broaden the market, bringing a new type of buyer to art and luxury.”

Dadiani fancies herself as the “Queen of Crypto,” and earlier told The Times that the “world’s wealthy are looking for new ways to invest and the millionaire is changing.” Echoing her thoughts is Maecenas Chief Executive, Marcelo García Casil, who believes the sale “would help transform the art market.”

“We’re making history. This Warhol is the first artwork of many more to come,” Casil added.

The auction will be conducted on the Ethereum blockchain, and a smart contract will determine the final price for Warhol’s painting.

While whispers have previously been heard in the art world about blockchain making an impact in their sector, not much of a fruition has been witnessed yet. Undoubtedly, blockchain’s immutable properties can be of great help in the art domain – an industry mired with fakes and unregulated pricing.

At a recent convention in London, the co-founder of blockchain identify company Codex Protocol, Jess Houlgrave, stated that over 40 percent of all art pieces on the market are fraudulent. In this regard, blockchain’s benefits immediately come to mind – specifically the maintenance of traceable records on a public database that art collectors can view to verify their pieces.



4min1562

Co-Founder of Reddit Alexis Ohanian predicts the price of Ethereum (ETH) will reach $15,000 and surpassing Bitcoin’s market cap in 2018:

At the end of the year, Bitcoin will be at $20,000. And Ethereum will be at $15,000.

If the prediction proves true, the ETH market cap would soar from $73 bln to nearly $2.5 trln, while Bitcoin would recover to last year’s record high price and market cap of $340 bln.

Reddit co-founder Alexis Ohanian stepped down from his daily role at the company. Ohanian is now full-time at Initialized Capital, the early-stage VC firm he co-founded with Garry Tan in 2012. The firm has more than $250 million in assets under management, and its investments include Coinbase, Instacart, Zenefits, Opendoor, Soylent, Cruise Automation, and Standard Cognition.

Ohanian made bullish Ethereum price prediction during an interview with Fortune, explaining that he believes this project has more long-term potential than any other currently-existent cryptocurrency.

I still hold a little bit of Bitcoin, and I think it has such mindshare that it will continue to be a store of value. I’m most bullish about Ethereum simply because people are actually building on it. It’s still early days, but you know, we’ve got a few CryptoKitties.” he said, predicting later that “ At the end of the year, Bitcoin will be at $20,000. And Ethereum will be at $15,000.

Alexis plans to double down on Blockchain investments.

This year, it’s all about blockchain. Most of it is just hype and BS, just like how it was with AI and ML. Most of the really vital, protocol-level, basic infrastructure around software and blockchain will need to get built in the next year or two for us to really see the Web 3.0 we’re really hoping for. So those are the types of companies we’re investing in now. These are the types of things I think will build the foundation for a very different, much better Internet.

I was a kid in the 90s without much leverage when the first Internet was being built, so I see this as a hell of an opportunity. We’re still figuring it out. We still don’t have a Netscape, but it’s coming.

What’s interesting is we’re seeing more teams with business and product backgrounds moving to start or join blockchain projects. So you have your earliest adopters who are very hard core on the engineering side, and now we’re starting to see people who have experience at later-stage startups who understand the UX and business portion of it. This stuff doesn’t actually change the world unless everyone is using it. And the way everyone is using it is if there are interfaces that make sense and that there’s product that’s beautiful and effective. That’s just starting to happen now. As an investor, I get to have a front row seat to this new Internet.


Gabrijel ŠerjakApril 13, 2018

3min1486

Ethereum price spiked more than 22% in last 24 hours, yesterday was trading as low as $417 and today it reached as high as $518.
Is this the break true we all have been waiting for that will take ETH price back to the formal glory?

Big resistance near 550$, if it breaks it can continue upside move. Otherwise, downside correction is forming a strong support above the $480.There is also a major bullish trend line forming with support at $440 on the hourly chart of ETH/USD.

24h ETH chart

 

Trading volumes for ETH in the past month have been low, but consistent. There have been temporary spikes, and there is no certainty the recovery would continue. But ETH is yet another coin booming suddenly from what was seen as a bear market destined to continue for months.

As Ethereum breaks price barriers from the recent dip, the price may see more dramatic jumps, based on emotion, or automatized bot orders. In the past, ETH has not stayed low for long. The spike ETH price made in the last 24h is a clear indicator that ETH is a sleeping lion which will wake up sooner or later.

What is interesting is that ETH grows on its own accord, in speculative trading against USDT positions. On Binance, the pairing with USDT is more active compared to BTC trading. ETH trading on Binance takes up around 10% of volume, about half the volume of BTC trading.

Despite altcoins and tokens booming, the Ethereum project remains the most promising, due to the largest ecosystem and the fact they are the first project of its kind that is constantly evolving. The Solidity language and the writing of smart contracts are becoming a more widespread capability, potentially boosting the influence of ETH in the coming years.

The only short-term risk for ETH is the relatively uncertain recovery, as prices are still quite far from challenging and overtaking their peak, and the return of the bull market is still not certain.

 

 


Gabrijel ŠerjakApril 9, 2018

5min1978

Ethereum may be threatened by aggressive centralization of its network by Bitmain miners since their recent decision to keep the Ethereum mining protocol without a change, which would make mining with ASICS inefficient like with Monero protocol.

Many Ethereum developers are coming out in favor of a fork that would effectively disable the ASICS hardware.
While ASIC mining, in theory, increases security, it also leads to centralization based on the ability to secure the powerful, expensive machines which are in domain few.

Vitalik suggested the issue may not be worth the coordination required to make the change, stating:

“Getting everybody to upgrade is likely to be fairly chaotic and detract from more important things. So, at this point I personally lean quite significantly towards no action.”

You can listen to Ethereum Core Developer Meeting #36 [04/06/18] and find out more about the topic.

Ethereum community is asking for an update, to stop any ASICS miners from turning into mining Ethereum and make the monopoly out of it. Like they manage to do with Bitcoin based on their processing power.

In theory, Ethereum should move to a proof of stake, with partial mining being scaled out. But there is a question if they will be able to migrate to a hybrid POS/POW faster than ASICS miners can make the monopoly.
The Ethereum plan is to migrate to a new protocol in future called Casper.

So how is Casper different from other Proof of Stake protocols?

Casper has implemented a process by which they can punish all malicious elements. This is how POS under Casper would work:

  • The validators stake a portion of their Ethers at stake.
  • After that, they will start validating the blocks. Meaning, when they discover a block which they think can be added to the chain, they will validate it by placing a bet on it.
  • If the block gets appended, then the validators will get a reward proportionate to their bets.
  • However, if a validator acts in a malicious manner and tries to do a “nothing at stake”, they will immediately be reprimanded, and all of their stakes are going to get slashed.

Casper is designed to work in a trustless system and be more Byzantine Fault Tolerant.

Anyone who acts in a malicious/Byzantine manner will get immediately punished by having their stake slashed off. This is where it differs from most other POS protocols. Malicious elements have something to lose so it is impossible for there to be nothing at stake.

This is not the only place where Casper punishes the validators.

As Hudson James and Joris Bontje note in their answers in “StackExchange,” Casper designs harsher incentives to guarantee network security, including punishing miners who go offline, unintentionally or not.

This means that validators will have to be careful about their node uptime. Carelessness or laziness will lead to them losing their stake. This property reduces censorship of transactions and overall availability.Along with all that, the “slashing” property also lends Casper a distinct edge over standard proof of work protocols.

The community is divided as well one in favor of fork others against it.

Here is a comment from Reddit user bijansha who is against the fork :

It’s too much work to do a hard fork all around the planet. And the world is not a standing still and other competing services such as Cardano and EOS are coming. We should bite the bullet on this and stay focused on POS.

 

 

 


Anej KorsicMarch 29, 2018

4min1568

 

Google ban on Cryptocurrency

After several major social media sites including Facebook, Instagram, Twitter and Google are beginning to ban all crypto advertisements. As a result, some of the crypto groups are beginning to answer this rather action. Although the intent may be to increase the security of the average person, it’s application heavily affects all ICO projects. Google ban rather heavily negatively at that.

 

 


 

Global cryptocurrency groups plan to Sue Facebook, Google ban, and other social media companies following them

The Russian Association of CryptoCurrency, Block-Finish (RACIB) and industry associations in Korea and China. All are coming together in an attempt to launch a successful counterpunch in this unfortunate situation. Combined will file suit in May against Google, Twitter, Facebook and Yandex for refusing to place cryptocurrency advertising. All of this was announced by Pripachkin at the Blockchain RF-2018 congress. Refusal to place the advertising constitutes collision.

Call for a new organization?

A new organization will soon emerge to include industry associations from Korea and China in the lawsuit – the Eurasian Association of Blockbearers. RACIB, Korea Venture Business Associations, and the Chinese association will create a fund and will file the suit in a U.S. state. The Suit will be filed not only against the organizations about their shareholders. If they and managers of these companies own cryptocurrencies which they use for personal gain, the shareholders are subject to prosecution.

Facebook and Google ban follows Twitter

Twitter joined the two giants in banning cryptocurrency and ICO-related advertisements from its website.

They confirmed its new policy, which includes all ads related to cryptocurrency exchanges and wallet services with an exception afforded to publicly listed companies listed on certain major stock markets. Twitter joining the ban will not apply to cryptocurrency exchanges registered and licensed to operate by the Financial Services Agency (FSA). 

Facebook added advertising related to ”binary options, initial coin offerings, or cryptocurrency.” under its policy ”prohibited financial products and services” earlier this year.

The worlds largest online advertising provider, Google, announced its ban on cryptocurrency advertising, which will come into effect this June.


 

Read the previous article: CO-FOUNDER OF THE SECOND LARGEST CRYPTOCURRENCY COMES TO SLOVENIA AT THE EUROPEAN BLOCKCHAIN SUMMIT 2018


Tim PircMarch 29, 2018

4min1365

 

Slovenia is known as the country of exceptional blockchain companies in the world. In the past year alone, domestic companies with their first offering of cryptocurrency (ICO) have raised more than 150 million US dollars of start-up assets. With the aim of putting Slovenia on the European blockchain map, the Slovenian Economic-Interest Association, named Blockchain Alliance Europe, will organize the first European Blockchain Summit on Wednesday, April 11, in Congress Centre at Brdo pri Kranju.

 

The European Blockchain Summit will exclusively host the co-founder of Ethereum, Joseph Lubin. One of the most influential experts in blockchain technology, who is also the founder of ConsenSys, is an outstanding expert in cryptography, blockchain technology and software.

 

Guests will be greeted by Prime Minister of Republic of Slovenia dr. Miro Cerar, European Commissioner for the Digital Economy and Society, Mariya Gabriel, and the chairman of the Blockchain Alliance Europe Tanja Bivic.

 

Other renowned speakers will talk about the importance of proper regulation within the blockchain environment backed up with examples of good practices. They will demonstrate the usefulness of blockchain technology in the financial, music and health sectors and present the possibilities of financing blockchain companies offered by the European Union.

 

The regulation discussion will start with co-founder of the influential Swiss blockchain community – Crypto Valley Labs, Ralf Glabischnig and Jeffrey Pullicino, executive president of the Maltese Science and Technology Committee. Imogen Heap, two-time winner of the Grammy Music Award as well as Viberate ambassador and founder of Mycelia blockchain will present the benefits of this technology for music. While Bobby Prasad, WEF expert and recognized professor with more than 20 years of clinical practice, presented the positive effects of the introduction of blockchain into the field of medicine. The event will ebe concluded with a debate on the possibilities of additional funding for blockchain projects within the European Union, which will be moderated by Holm Keller, director of the KENUP Foundation.

 

The Blockchain Alliance Europe association, which organizes the European blockchain summit together with the Government of the Republic of Slovenia and the company ConsenSys, was created with the desire to connect blockchain companies in Slovenia and Europe. In addition, an interest-based association wants to provide an appropriate transfer of knowledge to those who are still in the field. With the knowledge and experience of Viberate, Spartan Solutions, Netis, Cofound.it, Hive Project, Sun Contract, SportyCo, already included in the Blockchain Alliance Europe, startups will have easier job to bridge the economic challenges and thus penetrate the market more quickly. At the same time, the association will be available to the Slovenian government with advice on how to regulate the legal and financial framework for the regulation of the blockchain business in Slovenia.

 

Event is invitation only. You can sign up here.


Gabrijel ŠerjakMarch 27, 2018

4min1674

Coinbase is the world’s largest Bitcoin broker where customers can buy bitcoin with a connected bank account, SEPA transfer, Interac Online, and many more payment methods.

They announced in Medium blog that they will start to support Ethereum based ERC20 tokens in the coming months.

Coinbase announcements have caused huge price swings and even allegations of market manipulation in the past.
This news might impact the price of some ERC 20 tokens both in the short and long term.

Some users have sent tokens to a Coinbase address, thus locking them away. Once Coinbase becomes a custodian of ERC-20 tokens, it would be able to provide a recovery in those cases. However, the tokens would not be available for commercial purposes at this stage.
Most ICO assets do not have a convenient fiat ramp, and even the potential for being added on Coinbase may boost their price.

It is unknown how regulators would react, given that some tokens are considered unregistered securities and ICOs have often been closed to US buyers just for that reason.

There are rumors:

Coinbase is waiting for regulatory “clarity” before proceeding.
They are going after the Wall Street big shots…and want to deal more and more with commodities and securities (hence their Coinbase Asset Management Fund). So, there will be an entire institutional platform on GDAX…and they will list certain ERC20 tokens that cut SEC mustard.

 

What ERC20 support means for Coinbase products

Coinbase Custody — the Custody team is evaluating a set of assets to support for deposits and withdrawals. Note: Custody will likely support more assets than those available to trade on GDAX or Coinbase for the foreseeable future.

GDAX — the GDAX team will wait for additional regulatory clarity before they decide which ERC20 assets to support on GDAX. Support for ERC20 will also give them a path to enabling the safe recovery of customer ERC20 assets inadvertently sent to GDAX Ethereum addresses.

Coinbase Asset Management — per the index methodology, any asset listed on GDAX will be added to the Coinbase Index on a market capitalization weighted basis.

Coinbase — Coinbase will only list assets after they are listed on GDAX. After evaluating factors such as liquidity, price stability, and other market health metrics, they may choose to add any ERC20 asset added to GDAX to the Coinbase platform. It’s also worth repeating that GDAX will likely have more assets listed on the platform than the Coinbase platform, i.e. listing on GDAX does not guarantee listing on Coinbase.

Additionally, like GDAX, support for ERC20 will also give them a path to enabling the safe recovery customer ERC20 assets inadvertently sent to Coinbase Ethereum addresses.

Coinbase Commerce — no planned ERC20 support at this time.


Gabrijel ŠerjakMarch 5, 2018

3min2366

Genesis blocks represent the birth of a new cryptocurrency, it’s the first block that is mined on a new blockchain. Ethereum’s first address is worth over $590 Million in Ethereum and ERC20 tokens at the moment and still counting, that has been sent by mistake or airdropped to the address.

As people have been sending BTC to bitcoin’s genesis address for years as a way of acknowledging Satoshi. They’ve also been doing the same with Ethereum’s genesis address, not to acknowledge the genius of Vitalik Buterin and co, but simply due to user error.
0x0000000000000000000000000000000000000000 is an easy address to remember. It’s also an easy one to enter by mistake and doom your tokens for all eternity. It doesn’t help that some wallets used to default to this address until they’d been configured.

Ethereum Wallet Sends To 0x0000000000000000000000000000000000000000 from ethereum

Please help me – I’ve just lost my entire balance to 0x0000000000000000000000000000000000000000
Is there any guidance for me – I was doing the contract to safely split my ETC from my ETH balance and i didn’t get the result I anticipated so I ran it all through again. My ether balance went away. It looks like it went to the address 0x0000000000000000000000000000000000000000. Its my entire savings 1493 ether. Is there anybody who can get this back to me? Can I hire someone to help. I am devastated. I followed the directions in the post on the safe split. There was no problem until I tried to run it through again. Help me please!

 

In total, the genesis address has received over 750 transactions in three years, and today holds over 7,000 ETH, worth over $6 Million, and more than 200 ERC20 tokens worth over $580 Million. While some of these tokens were airdrops deliberately sent to public ETH addresses, many more were transferred there by mistake.

While the BTC sent to bitcoin’s genesis block are believed to be irretrievable due to a combination of its architecture and Satoshi’s disappearance, that’s not the case with Ethereum. Provided the project’s founders still have access to the private key for this address, it should be possible to set up a smart contract that automatically returns anything sent to it. Until such a time, the genesis address will continue to absorb tokens on a regular basis.

 



About us

We are the new economy news hub. 2100NEWS is the professional index, data, and tools provider in the digital asset space, offering Crypto Market Intelligence, providing the perspective you can trust and equipping you with information edge you need to stay ahead. (Real-time data of token issuers and news, analysis and commentary from community.) We are very excited to contribute to the evolution of the industry and build an ecosystem around our offering (the institutional-grade data infrastructure required to enable institutional investments in digital assets). We want our contributions (Contents and Tools on 2100NEWS.com) to be useful for helping investors.


CONTACT US

CALL US ANYTIME



Latest posts



Newsletter


  • ethereumEthereum (ETH) $ 540.83 5.12%
  • rippleXRP (XRP) $ 0.615994 10.83%
  • litecoinLitecoin (LTC) $ 74.22 7.14%