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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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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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