Ethereum, Ripple Surge by 10% Within Minutes, Abnormal Market Activity

The prices of Ethereum (ETH) and Ripple (XRP) have surged by more than 10 percent in the past five minutes, despite the lack of momentum of major cryptocurrencies like Bitcoin. A spike in the volume of both XRP and ETH was triggered at around the same time on Bitfinex, affecting other major cryptocurrency exchanges. No …

How Ethereum Hackathons are Drastically Improving Blockchain Systems

Since mid-2017, Ethereum hackathons have been held in many major cities across the globe, to encourage the development of decentralized applications (dApps) and blockchain-based systems. ETHGlobal, the biggest Ethereum hackathon organization to date, has played a key role in facilitating the growth of the Ethereum open-source developer community, providing technical workshops, educational talks, and resources …

Ethereum Developers Strike Deal to Reduce Block Reward by 33%

A proposal that is expected to change how much ether enters the cryptocurrency economy was finalized on Friday, Aug. 31, as developers agreed to include the code for such a change into Ethereum’s next hard fork, Constantinople. Constantinople is designed to increase efficiency and lower transaction fees on the blockchain. It’s a protocol upgrade that …

Bitcoin and Ether Lack Momentum as Crypto Market Falls Below $200 Billion

In the past 24 hours, the crypto market has lost $23 billion, dropping from $217 billion to $194 billion, as major cryptocurrencies including Bitcoin showed a lack of momentum. Crypto market valuation chart, provided by CoinMarketCap.com What Has Happened to the Market? Without any exception, every major cryptocurrency in the market has plunged in value …

Australian ‘Big 4’ Bank Taps Ethereum Blockchain for 17-Ton Almond Shipment to Germany

The Commonwealth Bank of Australia (CBA) has announced the successful completion of a global trade experiment involving a shipment of 17 metric tonnes of almonds from Australia to Germany using blockchain tech. The CBA, one of Australia’s so-called “Big Four” banks, announced the successful blockchain-powered shipment of the international trade endeavor involving the bank and …

Ethereum Goes to Phase 2, Following Launch of Most Complex Dapp

At the RISE conference held in Hong Kong, the largest technology conference in Asia attended by 15,000 attendees, Ethereum co-founder Joseph Lubin said that the Ethereum blockchain has entered phase two of its development, following the launch of the most complicated app on its protocol. Hundreds of Thousands of Transactions Regularly As CCN previously reported, …

Despite Low Volume, Crypto Market Rebounds by $11 Billion, Ethereum Sees 5% Rise

The valuation of the crypto market increased by around $11 billion over the past 24 hours, triggered by the short-term momentum of bitcoin, Ethereum, and Bitcoin Cash. Ethereum / Bitcoin Volume Still Low On yesterday’s report, CCN noted that a downtrend in the short-term is expected due the relatively low volume of digital assets including …

$17 Billion Deleted From Crypto Market in 24 Hours as Ethereum Falls 7%

The cryptocurrency market has recorded a loss of over $17 billion in the past 24 hours, triggered by the loss of major cryptocurrencies including Bitcoin, Ethereum, Ripple, Bitcoin Cash, and EOS. EOS recorded the largest loss amongst major digital assets, demonstrating a loss of more than 10 percent overnight. Ethereum, Bitcoin Cash, Litecoin, Stellar, and …

Amsterdam’s Airport Helps Travelers Swap Leftover Euros for Bitcoin, Ethereum

Amsterdam’s international airport, Schipol, has installed a cryptocurrency ATM that lets passengers convert their euros into bitcoin or ethereum. In an announcement on Wednesday, the airport revealed it is assessing demand for the two most prominent cryptocurrencies among passengers over a six-month trial in an initiative that is the first of its kind in any …

Ethereum Would Eventually Achieve 1 Million Transactions Per Second

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Vitalik Buterin, the creator of Ethereum, has explained in a recent OmiseGO AMA session that with second-layer solutions such as Sharding and Plasma, the Ethereum network will eventually be able to process 1 million transactions per second and potentially more than 100 …