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Ethereum had a tough time in 2018. The price of ETH fell dramatically against the USD due to many factors like scam ICOs, increased number of smart contract platforms, failure of many ICOs that were hosted on the Ethereum blockchain, etc. As the price and market capitalization of Ethereum fell, it lost its position as the second largest cryptocurrency per market capitalization to XRP. For more than one month, XRP held this position. Ethereum Is Soaring Against The USD Yesterday, Ethereum started rising against the USD. Soaring higher and higher, ETH was able to take the second place from XRP once again. The rise in the price of Ether influenced the entire market. BTC, XRP, and almost all top cryptocurrencies recorded gains. Over a 24 hour period, ETH went up by 12%. Within a 30-day period, it is up by 80%. The rise in the price of ETH is most likely due to the upcoming Ethereum constantinople hard fork as it has increased the demand of the ETH token. As the price of ETH went up, BTC..
Blockchain tech is one of the most widely adopted technologies in the current market, says Tata Communications. Indian telecoms giant Tata Communications named the key barriers to blockchain adoption for businesses globally, in a survey published Dec. 12. Part of a survey on emerging sectors — dubbed ‘The Cycle of Progress’ — Tata’s report noted concerns around costs, security and privacy as the “key adoption barriers for business decision makers” considering the implementation of new technologies. The survey also highlighted a growing skills gap as one of the major challenges in the adoption of new technology, including blockchain, artificial intelligence (AI) and the Internet of Things (IoT). The report also noted, however, that “[r]egardless of where their business is on its digital transformation journey, decision makers are firmly focused on the positive impact of technology.” “The Cycle of Progress sounds a warning call for businesses, with a clear ‘perception versus reality’ ga..
In a period of bearish sentiment and uneven price movements over the past year many didn’t see good news coming. Particularly news that digital asset TRON (TRX) has now added 1 million users in only six months after it was launched as an altcoin. Following this development, the majority of the cryptocurrency community see this as a sign that TRON is moving ahead of Ethereum because Ether took about eighteen months to get to 1 million users. While others have refused to accept the idea that the six month race that took TRON to get to 1 million users meant it had ‘beaten’ the number three digital asset by market cap Ethereum (ETH). TRON (TRX) has reached 1 million registered user addresses in just six months since it was launched. The news that the Blockchain protocol had reached one million registered user addresses was revealed on December 23, as crypto executives continue in their criticism of rival, Ethereum (ETH). Data derived from the TRON (TRX) blockchain and uploaded to the soci..
Not everyone accepted the idea that TRON’s six-month race to 1 million meant it had ‘beaten’ Ethereum, which took 18 months. Blockchain protocol TRON (TRX) has passed one million user accounts, data revealed Dec. 23, as executives continue their criticism of rival Ethereum (ETH). Statistics from the TRON blockchain uploaded to social media by Misha Lederman, cofounder of the cryptocurrency’s spin-off project IAmDecentralized.org, confirmed that the network now features over one million addresses. TRON, which launched its mainnet earlier this year, seeks to become the go-to ecosystem for developers seeking to create decentralized applications (DApps). Known for publicly chiding Ethereum, which constitutes TRON’s main rival, CEO Justin Sun this week predicted a “slow implosion” for the altcoin. Commenting on the address landmark, Lederman suggested that the speed at which activity increased is also significantly higher than that of ETH. “In comparison, (Ethereum) reached 1 million accou..
This year hasn’t been the best for cryptocurrencies. Things seem to have gone from bad to worst over the months since the beginning of the year after the prices started falling from the all-time highs. Last month, there was a lot of positive sentiment in the market that left investors optimistic once again. Unfortunately, things are becoming bleak. The trading volume of this weekend was relatively low for the entire market. Stellar, however, recorded significant gains this weekend. Even if it was unable to cross the $0.3 level, it was able to move above the $0.27 level which it hasn’t come near in a while. Stellar Faces Ecosystem Challenges Cryptocurrency social media hasn’t been saying good things about Stellar. There are a lot of people in crypto-twitter who aren’t intrigued by the rise in the price of XLM but are concerned about some developmental issues within the ecosystem. For starters, some cryptocurrency enthusiasts are worried about the fork Stellar team created. One user kno..
The cryptocurrency market has been bearish for a while now. Cryptocurrencies have hit lower lows due to the bearish pressure in the market. For this reason, price surges caused by bulls are highly needed and appreciated by the cryptocurrency community. The past 24 hours have been marked by such a surge. Starting, from Bitcoin (BTC), there has been bullish pressure in the market. Of all the coins that have recorded gains, Bitcoin Cash (BCH) has recorded the highest gains against the USD. Bitcoin Cash (BCH) Price Today – BCH / USD Name Price24H (%)$6,476.99 -0.29%$440.98 -0.32% Bitcoin Cash (BCH) Price Analysis Between Sunday and today, Bitcoin Cash has gone up by up to 32%. Yesterday evening, the cryptocurrency traded as high as $623 hitting a two-month high. The fourth largest coin per market capitalization is still on a bull run this morning even if the price has corrected lower by a few points. The price surge is noteworthy because Bitcoin Cash was hovering around $425. It hit thi..
Crypto investment firm Grayscale Investments Inc. has raised almost $330 million in annual revenue as of the third quarter 2018, despite a prevailing bear market. Cryptocurrency asset management firm Grayscale Investments Inc. has reported revenue of nearly $330 million in 2018, according to its third quarter (Q3) investment report released Nov. 1. The company managed to reach this figure despite a prevailing bear market. In the report, Grayscale highlights that it raised $81.1 million over the last three months, which brought the firm’s year-to-date inflows to almost $330 million, representing an increase of almost 1,200 percent from the same period in 2017, when the company raised $25.4 million. The current year is the strongest Grayscale has experienced during any calendar year since the beginning of its activity. Grayscale cumulative inflows by investment product chart. Source: Grayscale In Q3, institutional investment contribution reportedly increased to 70 percent, however, in ..
Red Belly Blockchain reaches 30,000 transactions per second while tested on Amazon Cloud, according to an Australian science agency report. A blockchain system developed by Australia’s national science agency (CSIRO) and Sydney University claims to have set a benchmark of 30,000 transactions per second during a test on Amazon Cloud, according to CSIRO’s Tuesday, September 25 press release. The technology arm of CSIRO, Data61, and the Concurrent Systems Research Group at the University of Sydney created Red Belly Blockchain as a “graduate” from CSIRO’s Pre-accelerator program ON prime. CSIRO and the Concurrent Systems Research Group announced the first outcome of its experiment held on Amazon Web Services (AWS) cloud infrastructure. Red Belly Blockchain was tested on 1,000 machines in 18 regions, including North and South Americas, Australia, and Europe. As per the CSIRO report, Red Belly Blockchain was reportedly able to operate 30,000 transactions per second from different locations,..
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