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Ethereum Heads to Recovery with Casper Launch Despite SEC Scrutiny

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Ethereum
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Crypto markets have been experiencing series of losses and gains on a daily basis. With Bitcoin stuck below $9500 USD, altcoins are having a hard time driving the market to the green zone. Although, the market sentiments and daily gains have gained most people’s interest and some altcoins have reached quite a high profit in the current situation. When it comes to Ethereum, also known as Bitcoin killer, we know for a fact that it is equivalent to the safest bet made in crypto. Ethereum foundation has been actively and diligently making progress to keep their blockchain unsurpassable and has been making headlines regarding their influential role on ICO after SEC’s scrutiny. In this article, we shall decide how Ethereum can lead its investors towards success.

The Reason behind Ethereum Hype:

The reason why Ethereum is a well-known success story and a millionaire’s dream is that it has always been a promising blockchain technological breakthrough instead of settling with the tag of being a mere digital currency. Ethereum prices have been moving sideways till Friday, but since the co-founder of Ethereum, Vitalik Buterin announced a new fund endorsed by Ethereum (Ethereum Community Fund) it has led the cryptocurrency on the path towards some massive gains. The project is said to be a combined brainchild of many renowned and strong blockchain projects such as Global Blockchain Labs, OmiseGO, Golem, Cosmos, Maker, and Tendermint. All of these companies are in the process of developing dApps on Ethereum platform which is why they are practically rival projects in a sense. But the joint efforts made by these companies prove their motive to strengthen Ethereum ecosystem.

Ethereum Launches Casper Version 1.0:

As ethereum is eventually transiting from Proof-of-Work to Proof-of-Stake, there’s been Ethereum buzz scattered all around the community. The rumors were put to rest on Tuesday when Ethereum developers announced the launch of their awaited Casper Network upgraded version. This launch will positively play an important role in Ethereum’s upcoming transformation. Danny Ryan, a New Orleans based developer is responsible for providing developers, auditors and other external parties mean to integrate the source code into their software for testing purposes. He has commented that the upgraded Casper version 0.1.0 would help them clearly tagging releases to help their clients and auditors to track contacts and all changes. Casper serves as the core component of Ethereum’s plan to transform the norms of blockchain gets updated by the network and make it even more secure.

SEC Makes Scrutiny over Ethereum

The pending court cases which are going to decide, whether Ethereum is a security or not, has made everyone interested in blockchain and Ethereum doubt themselves. Although there are some experts who have a logical explanation to prove that Ethereum has always been a security but it’s up to the investors to wait and watch how the recent scrutiny on Ethereum influences the market sentiments. The jury involved in the aforementioned court case will decide the security nature of Ethereum through ICOs which have been marked as scams. These ICOs will also act as defendants in the case. It’ll be a decisive take on the fate of all pre-existent as well as future ICOs on the ICO friendly platform of Ethereum. This sudden attack on Ethereum is being bashed by many supporters of the platform saying that cryptocurrencies cannot be categorized as financial assets unless the current laws and regulations undergo an amendment.

Market Position:

As per the data available on CoinMarketCap, Ethereum is ranked as the world’s second largest cryptocurrency. It has a market capital that is equal to a whopping $75.3 billion USD. At the time of writing, the individual price of Ether is approximately $758.68 USD and its rising at the rate of 3.47%. A total of $2.88 billion USD worth of Ether has exchanged hands within the past 24 hours. Its evident how gigantic Ethereum’s existence is as compared to other altcoins. The price point touched the mark of $850 USD in the previously. There are chances that the bulls are still in control and if all goes well there will be record-breaking figures ahead of us.

Conclusion

Ethereum is one of the most hyped cryptocurrencies of all time and like most of the altcoins, it has been recovering overnight for its lost value overnight. Being a huge influencer of crypto markets, it is the first one to effectively go in the green among the top 10 cryptocurrencies. No matter how small the gain is, the intensifying momentum could transform the entire situation and we shall observe Ethereum setting new records in no time. The current buzz regarding solving scalability problems with the help of ‘Sharding’, Ethereum (ETH) shows that the Ethereum team is consistently developing ways to boost the platform and keep it on the track to greatness.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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