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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.

Image courtesy of DonkeyHotey via Flickr

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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