Ethereum [ETH] Crashes Below $400 – Will it Recover?

Ethereum just hit a record low under the $400 mark, for the first time since late November 2017. At press time, the Ether-U.S. dollar (ETH/USD) exchange rate has now dropped to a low of $399.29 and is down -11.07%, in 24 hours. ETH’s price is down -52% for the month and is also down -45%, in 90 days. Ethereuem has been plagued with the issue of scalability for quite some time now, with many new and emerging projects nipping at its heels. Devcon3, held in Cancun Mexico, took place the…

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Ethereum Price Stable Despite Controversies and Regulatory Concerns

If one thing can be certain this week, it is that Ethereum rebounds well. Ethereum (ETH) price continues gaining momentum despite the broader selloff in cryptocurrency prices. After declining sharply in the beginning of this year and making sideways movement during the second half of January, Ether price now continues to trade above the $1,000 mark. Currently trading at around $1103 (almost equal to the Wednesday trade), the price is up significantly in comparison to last months low of $811. Ethereum is growing again while other cryptocurrencies are declining at…

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Bitmain Releasing Ethereum ASIC Miners – UPDATED

It’s official: Bitmain has released its Ethereum ASIC miner – the Antminer E3. The Antminer E3 will use the hashing algorithm Ethash, making it the first Ethereum ASIC miner to hit the market. It will have a power consumption of 800W and a hashrate of 180 MH/s. However, the Bitmain website states that “these are the conservative estimates. [They] expect the miners to deliver higher performance and efficiency when they are ready to ship.” Bitmain has stated that they “have set a limit of one miner per user” so that…

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Ethereum (ETH) Remains Strong Despite Panicked Market

It’s been a tough day on the cryptocurrency market, as rumors flew of yet another “ban” on cryptocurrency. Various news outlets claimed early this morning that India’s Finance Minister, Arun Jaitley, said that the country would be banning all cryptocurrency assets. However, that was not the case but it seems like a group of investors have believed the sources without doing any sort of research of their own. In a budget meaning this morning the minister said: “The Government does not consider cryptocurrencies legal tender or coin and will take…

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Ethereum Is More Popular Than Bitcoin In India

Bitcoin is the king of cryptocurrencies? Think again. A study conducted by India’s free internet provider, Jana.com, has found that ethereum is more popular than bitcoin in India. Bitcoin has been dethroned. To ensure the transparency of its studies, the popular company also published the methodology: “Research was conducted on mobile search traffic and % of Jana’s mCent browser users from October 1, 2017, through February 28, 2018. Approximately 1MM mobile searches were studied overall as generated by mobile subscribers in India, and approximately 80,000 active mCent users who visited…

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Will Ethereum (ETH) Pass Bitcoin (BTC) This Year?

2017 was the breakout year for cryptocurrency. Starting at the beginning of the year, the total market cap for all cryptocurrencies was just over $17 billion and at the end of December, it reached just under $600 billion. Bitcoin (BTC), the original cryptocurrency, from the year 2013 to the beginning of 2017, held almost 90% dominance of the total market. Currently, BTC only holds 34.4% dominance. As cryptocurrency gained mainstream attention, Bitcoin slowly started losing the market cap dominance as individuals started buying up the less expensive coins to get…

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Vitalik Buterin, Ethereum [ETH] Founder, Calls Craig Wright a Fraud

The infamous Satoshi Nakamoto is still a mystery. Nobody truly knows the identity of the creator of Bitcoin, but many have claimed to be him. It was once speculated that Elon Musk, Tesla’s (NASDAQ:TSLA) CEO, was Mr. Nakamoto but later, Musk put those rumors to rest. Sad, – how cool would that be? Back in 2016, Craig Wright made claims that he was Satoshi Nakamoto and that did not go over smoothly among the crypto community. During today’s Deconomy conference, Vitalik decided he would live tweet the comments on the…

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Mining for Charity: UNICEF’s Ethereum Donation Drive

It’s doom and gloom on the cryptocurrency market today as Bitcoin (BTC) and its peers have suffered sharper price plunges than ever. But it isn’t dissuading the United Nation’s Children’s Fund (UNICEF) from launching a new drive – cleverly-named Game Chaingers – which will see PC gamers mine for charity and donate their earnings to Syrian children. The campaign is targeted at gamers who own high-performance graphics cards which could be used to mine cryptocurrency; namely Ethereum (ETH). It works like this: kind-hearted users can head to the Game Chaingers…

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Ireland’s Department of Finance to Create a Blockchain Working Group

It’s a known fact that the cryptocurrency sector and the blockchain sector have their fair share of issues. In fact, just last week, a team of researchers in Germany discovered that child pornography was being stored in Bitcoin’s blockchain. It can’t get much more controversial than that, can it? That worst of it aside, the more common problem mentioned is that there is not enough regulation. This is a problem that has been addressed by many, however, the latest to take action is Ireland’s Department of Finance. Ireland’s Department of…

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RBC Registers A Patent For Blockchain-Based Platform

On March 15, 2018, the Royal Bank of Canada (RBC), “one of Canada’s biggest banks, and one of the largest in the world based on market capitalization” according to their website, took a step forward in terms of technological advances, after filing a patent before the US Patent & Trademark Office in which they explain their project for a credit score platform using blockchain technology. Previously, other major players in the financial services sector had already expressed their intention to use Blockchains to speed up their commercial transactions. Many of…

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