This Tuesday’s round of Ethereum news is not quite positive – mostly because of Ethereum’s downward trend over the past 24 hours – which led the second largest cryptocurrency by market cap below the $200 mark as the market is preparing for action this Tuesday.
Ethereum (ETH) has been on an ascendant trajectory. After dropping to $175 last week, it climbed to $225 at one point over the weekend and stabilized at the $200 mark into Monday afternoon. However, ETH is now down to $197 from yesterday, when a surge in its sell volume forced it to drop below $200 on the leveraged trading platform BitMEX, before recovering to the present value of $197.
Still, Ethereum is now down 10% for the day and trades with a market cap of just over $20 billion. However, it is not the only altcoin that was in the red again – EOS, IOTA, TRON, NEO and Ethereum Classic all followed the trend and pulled back by about 8%.
Bitcoin is also sluggish and recently declined under 4% to $6,293 which is its price at the moment of writing. The flagship cryptocurrency is now even closer to the 60% market share, being at 56.4% and dominating the market more and more each month.
What do you think will happen with the top 10 cryptocurrencies? Is there a surge coming – or we should be prepared for another drop? Let us know in the comments!
January 16th: The New Goal For Ethereum’s Constantinople Blockchain Upgrade Launch
"We can just say mid-January, it doesn't make difference if we decide on a date or not. We can always postpone."Other developers pointed to Ethereum's so-called "difficulty bomb" which is an algorithm that is embedded within Ethereum's code that makes blocks steadily harder to mine - and one that was put in place to act as an incentive for encouraging regular updates in the network. Constantinople has delayed this difficulty bomb for a further 18 months while decreasing the Ethereum mining reward from 3 ETH to 2 ETH per block. However, Szilagyi noted that the software upgrades which will implement the hard fork should be released before the end of the year
"All clients should release a stable version with the baked in block number before Christmas," he concluded.
ConsenSys Creator: Blockchain Is Much More Complicated Than The Internet And Will Take A Little Longer To Develop
''Blockchain projects will enable people to build more things that will come in handy again. That's how the web was developed. It will probably take a little longer because it is much more complicated. Also, because we work on topics such as digital money, Blockchain will permeate society more than the Internet. Everything will be networked in a Web3.”ConsenSys was created right before Ethereum was released with one goal only-to build tools and the right infrastructure so a decentralized system can be created in which Ethereum will function and also not focus on controlling the ecosystem bur promoting it. While explaining how the current internet functions and how the blockchain does as well, he said that the internet today and the nature of the blockchain technology is completely contradictory which enables a ‘’self-determined, sovereign identity.’’
School Principals In China Caught Red-Handed For Stealing Power To Mine Ethereum
EtherDelta Exchange Founder Charged With Operating An Unregistered Exchange
“We are witnessing a time of significant innovation in the securities markets with the use and application of distributed ledger technology. “But to protect investors, this innovation necessitates the SEC’s thoughtful oversight of digital markets and enforcement of existing laws,’’ an SEC official explained.EtherDelta’s founder, Zachary Coburn, calmly consented to the charges and agreed to pay a fine of $300,000 in disgorgement plus the additional $13,000 in prejudgment interest and last, $75,000 for a penalty fine. However, the exchange founder hasn’t really denied nor admitted the allegations, just agreed to pay the fines.
Join us on Facebook
- The City Of Graz Opens A Cancer Research Laboratory That Will Use Smart Contracts On The Blockchain
- DLT Use Cases: IBM Files A New Patent Application For Open Scientific Research On The Blockchain
- CFTC With A Fine Of $1.1 Million To Crypto Fraudster
- Australian Exchange Co-Founder: ‘Stablecoins Are A Game Changer’
- CEO Of Binance Thinks That Market Is Still In A Good Position, Crypto Volume x2 Larger Than Stats
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
07nov(nov 7)10:00 am08(nov 8)8:00 pmBlockchain Life 2018The largest international forum on blockchain, cryptocurrency, ICO and mining in Russia and Eastern Europe.10:00 am - 8:00 pm (8) EXPOFORUM, EXPOFORUM, Saint Petersburg, Russia
fri09nov9:00 am7:00 pmNEXT BLOCK Conference: Evolution of Property9:00 am - 7:00 pm Marriott Lisbon Hotel - Portugal’s trendiest conference center., Avenida dos Combatentes 45, Lisbon 1600-042 Portugal