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Tag Archives: ethereum blockchain

Is Ethereum Outdoing BTC on a Technical Scale?

Today is not a good day for bitcoin. Not only has the currency’s price fallen back several feet, but it looks like Ethereum – the second-largest cryptocurrency in the world and the primary competitor to BTC – is beginning to overtake the asset in several ways.The Ethereum Blockchain: A New Home for BTC?To be fair, Ethereum’s price is nowhere near that of bitcoin. In addition, the market cap is also not as strong, but bitcoin is now playing second banana to Ethereum in one major way: the...

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Ethereum (ETH) Price Crumbles Severely Despite $39 Million Fatburger Deal

Despite the many investments and acquisitions taking place in the Ethereum space, the ETH token followed Bitcoin’s lead into losing more than 10% of its value between March 7 and March 8.Over the weekend, the crypto markets suffered colossal losses that left many of the top tokens losing over 10% of their value. Bitcoin led this massive meltdown with nearly $30 billion erased from the crypto markets. On its part, Bitcoin lost almost 18% over the past two days resulting in a dismal performance...

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Ethereum 2.0 Launch Will Happen in July 2020, Developers Are 95% Confident

The next Ethereum system-wide upgrade, Eth 2.0, will not launch in Q2 2020 as scheduled, but developers are still confident that the original network parameters will deploy in 2020.The next Ethereum system-wide upgrade dubbed Ethereum 2.0 will be launched later than scheduled.In a particular Reddit discussion held on February 5, the Eth 2.0 team made several clarifications. The team said that the network would not launch until three clients can run testnets continuously for at least eight...

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Neo Banking Solution Startup Juno Raises $3 Million in Financing Round

Juno is a new banking solution organization that focuses on redistributed assets decentralized in nature and based on distributed ledger systems and blockchain technology. Recently, it has managed to raise $3 million in seed funding from investors. The firm is said to attract the attention of high profile firms including Polychain Capital and Sequoia Capitals’ Surge. Juno is expected to become available to a few markets this year but it will further expand next year with a fresh new approach...

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Microsoft and Intel Introduce Ethereum-Based Token Under EEA’s New Initiative

In what seems to be cooperation between two of the biggest organizations in technology, Microsoft and Intel have indicated their willingness to back the reward token of the Enterprise Ethereum Alliance which is the сryptospace’s first open standards association which sets the standards for Ethereum’s blockchain architecture.The token was revealed at the annual Ethereum developers conference taking place in Osaka, Japan (Devcon 5) as a means of providing compensation for those who are involved...

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Coinbase Offers Interest of 1.25% on USDC Stablecoin

Photo: The Coinbase BlogPremier cryptocurrency exchange Coinbase has announced that it will offer interest on deposits in stablecoin USD Coin (USDC) for 1.25% APY. This indicates its willingness to encourage more of its large database of users to deposit their holdings in the cryptocurrency token. Transferring the value of the US Dollar which in itself is a significant advantage, the move is aimed at bringing respite to crypto users who always face the volatility which occurs on most of the...

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IKEA Completes Supply Chain Transaction Via E-Money on Ethereum Blockchain

IKEA, the world’s largest multinational furniture retailer based in the Netherlands, has successfully settled an invoice, receiving payment for goods bought by Iceland’s Nordic Store, using Monerium’s programmable digital cash. The initiation and completion of the transaction were carried out via Tradeshift – a global leader in the supply chain financial sector – on the Ethereum blockchain. The digital cash used in this transaction is a direct virtual form of the Icelandic official currency...

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Morningstar Brings Blockchain into the $117 Trillion Debt Securities Market

Chicago based securities rating firm Morningstar has moved ahead of the rest of the securities ratings agencies to begin rating blockchain-based debt securities which are backed by debt assets in the real-world. Being the first time, a rating agency would attempt such a move, the rating firm already has its hands in the cryptocurrency pie as it has been working on building models that provide accurate methods of rating blockchain-based securities.This move is also an indication that the firm...

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Ethereum Ropsten Testnet Splits After the Early Launch of the Istanbul Upgrade

Ethereum testnet Ropsten split following the release of the Istanbul upgrade. This occurred because the upgrade was expected on approximately October 2nd, 2019 and at a block height of 6, 485, 846. The upgrade was released about 48 hours earlier on September 30th at around 3:40 a.m UTC.This, of course, has expectedly caused quite a bit of difference in terms of block confirmation times. Ethereum foundation community manager indicated in a tweet that there is no cause for alarm in this...

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Santander Makes History Solely Settling a $20M Bond Trade on Ethereum Blockchain

Santander, one of the largest banks in the world based in Spain, has issued a blockchain bond and started using a public blockchain to manage all aspects of debt issuance.According to the Spanish banking giant, they used a token on Ethereum to represent the $20 million debt issuance and what is more, settled it with another set of ERC-20 tokens representing cash held in a custody account. As Coindesk has reported, the transaction conducted was a plain-vanilla bond with a one-year maturity,...

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