Category: Ethereum and Ether news

January 8th, 2018 by VK-edit

Earlier this week, there were over digital currencies with a market cap above $1 billion.

Dogecoin crossed the $2 billion barrier a few days ago, a 70 percent increase compared to last Friday and two weeks after it reached the $1 billion level.

Even Jackson Palmer, the founder of dogecoin who left the team in 2015, is worried about this meteoric increase, especially as they have not released a software update in over 2 years.

A key reason why smaller crypto-currencies are rising so fast is because they are perceived as cheaper coins, compared with bitcoin and ethereum, which are too expensive for many new investors.

Dogecoin was created in 2013. The creators of dogecoin positioned the virtual token as “the internet currency” that can allow users to easily send money online.

You can get dogecoins from several digital currency exchanges or mine them.



Posted in Bitcoin news, Cryptocurrency market news, Ethereum and Ether news

January 3rd, 2018 by VK-edit

Over the past few days, Ripple has overtaken Ethereum and became the second most valuable digital currency. The market capitalisation of Ripple now exceeds $100bn and each Ripple coin – or XRP – is now worth over $2. It was only worth one tenth of this just a month ago, and less than 0.5 cent a year ago.

However, Bitcoin still remains the most valuable crypto-currency with a total market capitalisation over $230bn, and each bitcoin is currently worth over $13,000.

Unlike other digital currencies, Ripple tokens are controlled by a single company, Ripple, based in San Francisco, which slowly releases new tokens as the network is used.

Ripple presents itself as a safer alternative to other crypto-currencies. It was set up in 2012 to help banks pay each other faster and facilitate global financial transactions.

To date, over 100 banks such as Bank of America, Santander and UBS use the Ripple system. In the past few days, three of Japan’s largest credit card companies announced they had joined Ripple to handle payments and settlement.



Posted in Bitcoin news, Ethereum and Ether news, Ripple and XRP news

October 30th, 2017 by VK-edit

Trading 212’s app is currently the most popular trading app in the UK, from trading shares, commodities and now crypto-currencies. According to Trading 212, the contribution of crypto-currencies to its total business is significant.

Trading 212 is surfing the wave of the digital currencies market, which has increased from $10 billion to $170 billion in 2017.

Customers can already trade bitcoin, ether, bitcoin cash, dash, ripple, monero and neo. And before the year end, additional crypto currencies will be added, including ethereum classic, iota, eos, lisk, augur, zcash, qtum, omisego, cardano, ark, steem, stratis and waves. And for those who do not want to buy a full bitcoin, its Bitcoin Mini market quotes a price for 10% of the value of a bitcoin.

A key difference compared with most exchanges is that it uses contract for differences (CFDs). This may reduce the complexity and the risk of owning digital currencies but is banned in the USA.

The Trading 212 app also includes a real-time chat facility, educational tools and regular cryptocurrencies analysis.

A number of forex brokers also offer crypto-currency trading, such as InterTrader, and


Posted in Bitcoin news, Cryptocurrency exchange news, Ethereum and Ether news, IOTA news, Monero news, Ripple and XRP news

October 26th, 2017 by VK-edit

There are many new crypto-currencies being launched every month, with over a thousand already in existence. This can lead to risks for investors and wild swings in price. Also, crypto-currency users who want to jump from one digital currency to another have to go to an online exchange where they can sell their digital currency and buy another one. The process can be complicated and requires exchange fees.

Bloq’s Metronome (MTN) aims to address these issues by make switching between digital currencies fast and easy.

As Metronome can jump between different blockchains, Metronome users can also move their holdings, and will no longer be at risk of infighting among crypto-currency developers. It will also protect them from threats from forks and splits.

Metronome will first be issued on Ethereum, and will gradually expand to the other main crypto-currencies.

Over several days in December 2017, eight of the ten million initial Metronome tokens will be auctioned off, while the remaining two million Metronome tokens will be retained by Bloq to support the new currency. Bloq will not receive any Ethereum proceeds from the auctions.


According to Bloq, the new currency cannot be subverted by hackers.



Posted in Cryptocurrency market news, Ethereum and Ether news

October 12th, 2017 by VK-edit

XBT Provider has announced Ether is now available via two exchange-traded notes (ETN), which track its price and can be traded on Nasdaq Stockholm exchange. The notes are denominated in Swedish krona and  Euro.

Practically, this mean investors can buy Ether via a broker rather than via exchanges. The exchange-traded notes will track the price of ether, as determined by an index rate comprising the average of the three most liquid of chosen exchanges where the currency trades

XBT Provider was acquired by Jersey-based CoinShares last month, which have had a similar investment vehicle for bitcoin since 2015.

This could eventually lead to the creating of an approved exchange-traded fund, or ETF. An ETN is an unsecured debt security, unlike an ETF, which holds the asset it tracks.

Helena Wedin, head of ETP Services for Europe at Nasdaq, stated that “while it is important to acknowledge that exposure to an asset in its early stage of development, such as a digital currency, comes with a risk, trading Ether on Nasdaq Stockholm provides investors with the protection provided by a regulated infrastructure, well-known marketplace and accessibility through their ordinary brokers.”


Posted in Cryptocurrency market news, Ethereum and Ether news

October 10th, 2017 by VK-edit

eSports platform Unikrn has been awarded a gambling license in Malta, allowing their users to  conduct real-money bets via eSports’ UnikoinGold crypto-token. 

Malta, already a pioneer in internet gambling, wants to be at the forefront of the blockchain technology, both for the public sector and in order to attract blockchain companies to its shores. They now plan to allow for crypto-currencies such as Bitcoin at online casinos.

The Malta license will providing Unikrn customers a safe, legal and regulated platform based on the UnikoinGold token. The Malta licence and rollout of the UnikoinGold token are essential to migrate bets to real money, as well as broadening the number of non-betting related uses that a token owner can derive from holding them. This way, Unikrn will transition away from the strictly free-play token. 

Unikrn already offered real-money betting in Australia and the United Kingdom, where the company already holds gambling licenses. Unikrn also offered free betting on several video games.

This was done until now through its free Unikoin tokens, which will be replaced by UnikoinGold (based on Ethereum standard). UnikoinSilver, another token, will be launched to keep players in non-licensed areas engaged, though these tokens can’t be traded on secondary markets.

Tokens can be earned by playing in a tournament or by watching a match, which means gamers or spectators don’t have to wager in order to earn tokens.

The chief executive of Unikrn, Rahul Sood, stated: “The European expansion means there’s going to be a large and soon-growing marketplace of users, including the real-money transition of already established users, who want to buy, exchange and use our token to bet on our platform.”

eSports has generated a lot of interest in the global gambling industry. eSports are the fastest growing sport in the world, with 2017 annual revenues close to $700 million, which could grow to over $1.5 billion by 2020.





Posted in Bitcoin news, Cryptocurrency market news, Ethereum and Ether news

October 2nd, 2017 by VK-edit

Following China’s ban on Initial Coin Offerings (ICOs) last month, South Korea’s financial regulator have now followed suit and have banned local businesses from participating in ICOs. 

South Korea’s Financial Services Commission now prohibits all forms of the blockchain funding method  as well as margin trading of virtual currencies. They stated that they will crack down on offenders with severe penalties.

The FSC also intends to review the operations of digital currency companies, which may lead to on-site inspections and the analysis of digital currency accounts.

Arrest were recently made and companies shut down after a scan marketing fake crypto-currencies defrauded local investors. 

South Korea has recently benefited for China’s ban on exchanges, with a sharp increase in crypto-currency trading, with South Korean digital currency exchanges such as Bithumb seeing a strong influx of transactions. A number of Chinese exchanges are likely to shift their operations to Japan, South Korea and Hong Kong.

Ether prices have been impacted as a result of this new ICO ban, but slightly rebounded shortly afterwards.

Posted in Cryptocurrency exchange news, Cryptocurrency market news, Ethereum and Ether news, Initial Coin Offering ICO news

September 13th, 2017 by VK-edit

The Bank of China has indicated it would ban Chinese exchanges from providing virtual-currency trading services, according to The Wall Street Journal.

Both Bitcoin and Ethereum fell this weekend after Chinese regulators said they planned to shut down exchanges that buy and sell Bitcoin in the country. There has been a small rebound in the value of digital currencies since then, but Bitcoin is still 20% over the peak it reached a few weeks ago.

Chinese authorities previously announced plans to limit the use of digital currencies, such as last week’s ban of initial coin offerings

Chinese regulators are concerned with the dramatic increase in value of digital currencies, as more Chinese people began to use crypto-currencies as a way to bypass banks and move money outside of China’s borders. Digital currency is also seen as a way to launder money.


Posted in Bitcoin news, Cryptocurrency market news, Ethereum and Ether news, Initial Coin Offering ICO news

September 8th, 2017 by VK-edit

According to a new report from Chainalysis, a leading provider of Anti-Money Laundering software for Bitcoin, there have been 30,000 victims of cybercrime on Ethereum losing on average $7,500 each.

This year alone, to date, of the $1.6 billion invested in ICOs on Ethereum, cyber criminals have generated more than $150 million in revenues. On average, the financial loss incurred per victim has increased by 20% from $6,700 to $8,000 in one year.

A bug in “The DAO” smart contract in June 2016 was the first major Ethereum-related cybercrime incident. Hackers exploited the vulnerability and got away with $74 million out of $150 million invested by 11,000 victims. And then $30 million were stolen from Parity in June 2017.

Cybercrime on Ethereum falls into four main categories:

  • phishing (gaining access to personal information by pretending to be someone else),
  • exploits (taking advantage of a vulnerability in a system to gain information),
  • hacking (getting unauthorized access on a computer),
  • ponzi schemes (fraudulent investment operation where the operator generates returns for older investors through revenue paid by new investors)

Phishing impacted nearly 17,000 victims and generated $115M of revenues for cybercriminals, while exploits impacted 11,000 victims for $103M.

Ethereum, and in general crypto-currency investors, are advised to take all necessary precautions to reduce the risk of joining the log list of cyber crime victims.


Posted in Cryptocurrency market news, Ethereum and Ether news, Initial Coin Offering ICO news

September 6th, 2017 by VK-edit

The crypto-currency market has lost 20% in two days as it fell to $142 billion yesterday. A few days ago, its total market cap was $180 billion. The bigger crypto-currencies have also been affected, with Bitcoin down more than 16% and Ethereum over 23%.

Clearly the ban on ICOs from the Chinese government, which ordered all ICOs to return funds to investors, has played a strong role. This is likely to impact smaller crypto-currencies like NEO, a Chinese-based crypto currency, down 50% in a few days.

However, this crash is relative, as Bitcoin for instance is still worth double the price it was four months ago. A correction may have been overdue: Bitcoin recently hit an all-time high of nearly $5,000.

Is this the start of a longer market correction or just a natural cool down from an over-heated market, coupled with a reaction to the announcement from China? Crypto-currency prices are already showing signs of a rebound.

Posted in Bitcoin news, Cryptocurrency market news, Ethereum and Ether news, Initial Coin Offering ICO news