Connect with us

Blogs

Ethereum Heads to Recovery with Casper Launch Despite SEC Scrutiny

Published

on

Ethereum
READ LATER - DOWNLOAD THIS POST AS PDF

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.

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of DonkeyHotey via Flickr

Blogs

Reasons Why 2019 May Be A Great Year For Crypto

Published

on

crypto
READ LATER - DOWNLOAD THIS POST AS PDF

The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

Continue Reading

Blogs

3 Coins with the Largest Potential in 2019

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

Continue Reading

Blogs

Do or Die: 3 Crypto Projects that Really Need to Deliver Soon

Published

on

crypto projects
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.

The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.

However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.

1) Ethereum (ETH)

Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…

Continue Reading

Elite