Ethereum, a household name in the crypto industry, fired up its network on July 30, 2015, but what happened to the first ETH coin ever mined all those years ago? Blockchain analytics and Anti-Money Laundering company Coinfirm found out. “Another great example of the many...
Month: July 2020
Bitcoin Price Soars to $11,400 as Traders Say a ‘Bull Phase’ Is Igniting
The price of Bitcoin surpassed $11,400 for the third time in three days, breaching a critical resistance level. Earlier today BTC price reached $11,444 but it quickly rejected back to the $11,250 range. Surprisingly, within the last hour the price has risen above the $11,400...
Bloomberg: Americans Trade Depreciating Dollars For Bitcoin
A Bloomberg article claims that Americans are foregoing the safety of the dollar for more speculative assets like stocks, gold, and Bitcoin (BTC). High saving rates, low yields Because of the COVID-19 lockdown, the personal savings rate in the U.S. is at a historic high....
Price Analysis 7/31: BTC, ETH, XRP, BCH, BSV, LTC, ADA,CRO, BNB, EOS
Economists are divided on the consequences of record low interest rates across the globe and the incessant money printing by the central banks. However, one thing that most experts agree upon is that investors should get out of paper money and invest in hard assets....
Vitalik Buterin: Future Lotteries Could Benefit From ETH 2.0’s Randomness
Discussing Ethereum’s (ETH) hackathon in partnership with the Colorado State Lottery, Vitalik Buterin opined that in the future, such lotteries could benefit from Ethereum 2.0’s Verifiable Delay Function. No immediate use for Ethereum in the project The Ethereum creator will be one of the guests...
Law Decoded: Big Tech, Central Banks and the Hunt for Monopolies, July 24-31
Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note The concept of monopoly will reign in today’s Law Decoded. As a fundamental principle, blockchain technology is about distributing both inputs and outputs of...
Decentralized Apps May Solve SIM Swapping Woes
In the US alone, over $55m has been stolen through SIM swapping attacks since 2018. NEM, a blockchain-based ecosystem, believes that decentralized apps could provide a meaningful solution to this problem. According to NEM, they’re working with a solution called “FIX Network”, which was established...
Five Years of Ethereum: From a Teenage Dream to a $38B Blockchain
It would seem that five years is a relatively short time for an information technology company, but Ethereum has made colossal progress during this time, growing from its own initial coin offering project to the largest blockchain platform, running about 2,000 decentralized applications. Today, the...
A 17 Year Old Was Just Arrested in Connection With Twitter’s Recent Hack
Authorities have taken a 17-year-old into custody, alleging the not-yet-adult cooked up the massive Twitter breach. “Early this morning, the FBI, IRS, US Secret Service, and Florida law enforcement placed a 17-year-old in Tampa, Florida, under arrest — accusing him of being the ‘mastermind’ behind...
DeFi User Base Needs to Be More Decentralized, Says Former ConsenSys Exec
At a Kraken-hosted webinar titled “DeFi-ing expectations: the future of Ethereum,” panelists discussed the rise of decentralized finance, its defining features and how to measure its success. The webinar was held on July 31 and featured known DeFi influencers Anthony Sassano, co-founder of EthHub.io, Ryan...