Joseph Lubin, co-founder of Ethereum and founder of ConsenSys, said that when blockchain fully ramifies in 10 to 20 years, he expects the global economy to be 10 times larger, […]
Nasdaq plans to add two cryptocurrency indexes, Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX), to its 40,000 indexes. Made in collaboration with crypto-data company Brave New Coin, they […]
Ethereum is the top public blockchain in the cryptocurrency space, while bitcoin, the original virtual currency, is ranked 13th, according to the Chinese government’s first monthly Global Public Chain Assessment […]
Just in time for the implementation of stringent new regulatory requirements, some of the largest banks in the world have revealed a pilot designed to simplify compliance using ethereum.
Banking giant UBS announced Monday it has united with Barclays, KBC, SIX and Thomson Reuters to advance the MiFID II data collection project. MiFID II is a revamped version of the Markets in Financial Instruments Directive, which is intended to offer greater protection for investors. MiFID II officially comes into force Jan. 3, 2018.
On November 23, Ethereum price reached a new all-time high above $400 barrier, currently trading at $400.84 nearly 10% from yesterday, according to the CoinMarketCap.
With its recent surge in price, the market valuation of Ethereum has moved closer to the $40 billion mark, a market cap that is larger than seven of the 10 largest cryptocurrencies in the market combined, with the exception of bitcoin and Bitcoin Cash.
A mysterious cyberthief made off with $7 million in the cryptocurrency Ethereum on Monday after hacking CoinDash, a virtual currency trading platform, during its Initial Coin Offering and inserting a malicious address where digital investors were tricked into sending their funds.
In an official statement on its webiste, the CoinDash team wrote the platform apologized, admitting that a "hacking attack" took place during the event by an unknown perpetrator, resulting in the loss of millions in ethereum. And explaining the cyber attack, the statement said that more than 2,000 investors unknowingly sent their virtual money to the hacker, for a total of roughly 37,000 Ethereum, which equates to around $7 million.
Over the past week, the Bitcoin price and Ethereum price went into a nosedive. The bitcoin prices crash below $2000 and the ethereum prices crash below $140 over the weekend in a broad based correction. Though the ethereum prices have since recovered to come back towards the $160, the bitcoin prices continue to trade below $2000.
These two cryptocurrencies have been making waves the world over in 2017, with punters/traders making big bets on more price increases.
One event this week shows why digital currency markets still have a long way to go before they’re safe enough for large-scale trading. The digital currency Ethereum experienced a "flash crash" on Wednesday, with the price falling from about $296 to a low of 10 cents in a matter of minutes.
The most widely-used exchange, Coinbase-owned GDAX, operates like a traditional stock exchange, and lets traders buy stock on margin and place so-called "stop loss" orders-an automated instruction to sell if the price falls below a certain point. Adam White, the vice president of GDAX, wrote in a blog post on the company’s site that an unusually large sell order caused the crash.
