Articles about Ethereum

Last year’s framework which organized how Washington uses and protects data from EU citizens gets the nod of approval of the European Union this week.

The EU-US Privacy Shield, a data pact which replaced the old Safe Harbor agreement, went through its first annual review. The general conclusion is that the United States has lived up to its promise to better protect data from EU citizens when they are transferred over the Atlantic.

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Buying cryptocurrency is not as easy as you might think. It also takes longer than you might expect, which is a problem when you want to take advantage of an opportunity in this market as quickly as possible.

Coinbase seems to have solved this issue, announcing that customers will be able to instantly buy Bitcoin, Ethereum and Litecoin using their bank account. Prior to this change, they had to wait several days for the purchased coins to be available.

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Ethereum (or more specifically the unit of currency associated with it -- Ether), has seen immense growth so far in 2017. Of course, with any meteoric gains in crypto, it’s never long before the term "bubble" starts getting thrown around. Many within the industry have raised concerns about the rapidly escalating value of the digital currency hot on the heels of Bitcoin in terms of dominance within the space, thinking its decline is inevitable. The ETH/USD rate has shot up, and it is now traded at $294.

To correctly assess whether the Ethereum bubble is about to burst, we must first look at what a bubble is, and decide if the rapid increase in price experienced by Ether thus far in 2017 falls into the category of bubble at all.

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The cryptocurrency market is recovering well after shedding over $75 billion last week in what was a major post-rally correction. News that China banned ICOs and a rumored ban on Bitcoin exchanges in the country have not brought the market to its knees, as its capitalization is now up by around $40 billion since the low reached only a few days ago.

Many "experts" have linked the correction to the bad news from China, claiming that it will be very hard for the major coins to recover. Ethereum was expected to be hit the most, as the ICO ban means its appeal in China would be severely limited, but it posts the second-largest growth post-correction of the top 10 coins.

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The correction in the cryptocurrency market continues. All of the major coins are in the red once again today, pushing the market cap under the $100 billion mark. Since the beginning of September, more than $75 billion has been wiped out, partly due to China, which was-recently rumored to be seeking a Bitcoin ban.

The most valuable cryptocurrency, Bitcoin, just dipped under $3,000 on September 15 for the first time since early-August. Yesterday, it was trading for around $3,500. That is a drop of 40 percent since its $5,000 peak. Its market cap has taken a beating as well, falling under $50 billion.

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The cryptocurrency market is now in a massive correction which has wiped out over $50 billion from its market cap high reached at the beginning of the month. The downward pressure seems to center on rumors that China wants to ban Bitcoin, the most valuable cryptocurrency.

I say rumors because there seems to be no official information from China that a ban is, indeed, in the cards. That has not stopped various websites from giving them too much credence, which adds to the instability that we have seen recently.

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The cryptocurrency market is now valued at $164 billion, with $20 billion added to its capitalization in less than two weeks. That is in no small part thanks to the rise of Bitcoin and Ethereum, which have posted strong gains since our last coverage.

The most interesting development comes from Ethereum, which has stagnated recently around the $300 mark. It is slowly but surely regaining its strength, as, today, it traded for over $360 for the first time since June 21, rising its market cap to over $34 billion.

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Estonia is set to emphasize its digital technology prowess with the proposed launch of a new national digital currency.

The Baltic state is considering an initial coin offering (ICO) for the launch of ESTCoin, its very own cryptocurrency,

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The new offshoot of Bitcoin has dropped in value after reaching a record high which saw the cryptocurrency peak at over $1,000.

Last month, a group of Bitcoin miners implemented a hard fork of the blockchain and as a result Bitcoin Cash was created. On Friday of last week, the offshoot was able to surge by 40 percent in a single day and it reached $600.

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The price of Bitcoin has increased dramatically this year. The most popular cryptocurrency went from a low of $958 on January 1 to $2,000 on May 19, $3,000 on June 11, and, finally, $4,500 today. The effect? Its market cap rose from $15.5 billion to $73 billion, making it more valuable than well-known major tech companies like Twitter, HP, Nokia, NXP, Baidu, Salesforce and PayPal.

But Bitcoin's rise didn't have an effect just on its market cap, as it also boosted the cryptocurrency market as a whole. Today, its value is estimated to be around $144 billion, up from only $11.3 billion a year ago. It is pretty incredible, if you think about it.

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The price of Bitcoin continues to rise, with the cryptocurrency now trading at over $4,000. It's only a matter of days since the price set at record when it passed $3,500, but this has now been broken already.

The surge has been driven by Japanese interest in the currency, and trading currently stands at just under $4,200. After something of a wobbly period, the rise in Bitcoin has been fuelled by investors seeing it as a quick way to make a healthy return.

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The value of the cryptocurrency market plummeted in July, and Ethereum was among the most affected players. From a peak of $400 in mid-June, it went all the way down to the $130s a couple of weeks ago. The second most-valuable cryptocurrency has been slowly regaining lost ground since, however.

Ethereum is nowhere near its peak price yet, unlike Bitcoin, which has managed to go over $3,500 for the first time yesterday, but its recovery is encouraging -- Ethereum traded again above the $300 mark today.

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After a brief period of instability, Bitcoin is back on the path of setting new price records. The most valuable cryptocurrency broke the $3,500 mark today, rising by over 16 percent since mid-June when its price went past $3,000.

Since the beginning of the month, Bitcoin has slowly increased in price, despite the creation of Bitcoin Cash on August 1 as a result of a hard fork on the network, gaining around $600 in value.

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Things took a turn for the worse in the cryptocurrency market after the price of Bitcoin broke the $3,000 barrier in mid-June. All the major coins posted significant losses, leading the market to shed tens of billions of dollars in value in a really short period of time. The flippening? Well, that didn't happen. Ethereum crashed even harder than Bitcoin, dropping from a $400 peak to $150 last month.

But, as investors know, volatility is the name of the game. The cryptocurrency market has repeatedly crashed and recovered to reach new highs, and it's on the same path now as the rise of the major coins, spearheaded by leader Bitcoin, goes to show.

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A lightning-fast raid on a cryptocurrency platform's website earned a hacker $7 million in three minutes yesterday. Moments after CoinDash launched its ICO (Initial Coin Offering, the cryptocurrency version of an IPO), the attacker modified the address of the wallet it used and watched as millions poured into their own account.

The website was shut down as soon as the hack was discovered, but by this time $7 million had already disappeared. CoinDash managed to gather $6 million from investors, but funds stopped arriving with the shutdown.

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