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Tether Reaches Its 18-Month Low

Despite a general rise in the wider crypto markets, the price of stable coin Tether (USDT) has dropped to an 18-month low.

The USDT/USD pair declined to $0.925284 at 07:00 UTC which is the lowest level since April 27, 2017. It was last seen trading at $0.967296, representing a 2% drop on a 24-hour basis, according to CoinMarketCap. The premium carried by bitcoin (BTC) prices on the Bitfinex exchange has climbed above $600 because of the drop of USDT price.

Bitcoin is trading at an average of $6,617 across global exchanges at the time of writing. Bitcoin Price Index (BPI), have reached a 5.5-week high of $6,960 earlier today. However,

Traders losing faith in the token and the lack of transparency over tether's true USD holdings have caused the price to drop lower. Interestingly, other recently introduced stablecoins like Gemini Dollar (GUSD) and TrueUSD (TUSD) climbed higher 1.85% and 4.96%, respectively.

Traders seem likely to rotated money out of USDT and into bitcoin and other stablecoins.
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iholding - Finance News and Crypto News 15/10/2018
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Ethereum Classic Incubator Program to Support 20 to 24 Startups per Year

In a recent interview with Medium, Elizabeth Kukka, Program Director at ETC Labs explained how her Ethereum Classic (ETC) incubator (ETC Labs) is doing. It is currently in its pilot program, trialing the incubator to see how it works. Six companies have been joining the test. Once they pass through the pilot program, ETC Labs will be adding more projects to their team.

Even though ETC Labs just launched, there’s been massive interest in the incubator. According to Elizabeth it has received around 120 applications so far, which is a big number, considering that “we plan to support around 20 to 24 startups per year.”

Besides ETC Labs, Huobi, one of the leading crypto exchanges in the world, announced that it would be launching a blockchain incubator. In August, Binance followed suit and announced Binance Labs as well.

In 2016, ethereum was victim to “The DAO” hack - a smart contract exploitation that stole millions of ETH tokens. After that, ethereum community held a vote and decided to roll back the chain and return the hacked coins. The Ethereum Classic community decided to hard fork and keep the chain as-is: stolen coins and all. It has all of the features of ethereum, but with a completely different developer community.
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Research: Bitcoin Is More Reliable Than Before

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Vitalik Buterin Admits: “I Quite Regret Adopting The Term ‘Smart Contracts.’”

In a recent tweet, Ethereum cofounder Vitalik Buterin expressed his regret for adopting the popular term ‘smart contracts’, saying he’d prefer if smart contracts were called “persistent scripts.”

Vitalik’s tweet is a response to the account CleanApp, which was discussing the concept of “CryptoLaw”. In this thread, CleanApp details what they think of governance structures, and how digital smart contracts are coping with real life implications. After smart contracts are mentioned, Vitalik expressed his regret because the term ‘smart contracts’ isn’t “boring” enough to accurately describe its technical aspects and realities., he said.

Apparently, this in an effort to shift “smart contracts” away from legal documents, and more into a program that will execute “persistently.” Smart contracts have gain popularity over the past year. 2017 was Ethereum’s greatest glories with its price exploding from $8 all the way up to $1,400 per ETH.

This growth forced teams to try to emulate Ethereum’s model. Following in its footsteps, smart contract tokens began gaining popularity over the place.

Cryptocurrency governance has been a hot topic of discussion, ever since Ethereum’s DAO hack led to a hard fork. During this dilemma, the Ethereum community decided to roll back the chain and give back any hacked coins to the victims of the hack. This was a highly controversial move, and those that disagreed with the chain rollback hard-forked to create Ethereum Classic.
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Cryptocurrency Exchange Hacking Results in The Theft of $927 Million, Says Report

Hacking of exchanges and trading platforms has increased 250% in the first nine months of 2018 on a year-over-year basis, reaching $927 million, according to a report on cryptocurrency theft published by cyber security firm CipherTrace.


With the growth of hacks, thefts in the digital currency space also increase, ranging from $20 million to $60 million, have totaled $173 million in Q3 2018. Dave Jevans, chief executive officer of CipherTrace and chairman of the Anti-Phishing Working Group, claimed there are likely 50% more criminal transactions than those that were traced for this report.

According to Javens, after gathering enough information, the cyber security specialist has concluded that over $60 million in digital currency has been stolen, but not reported.

Governments across the world must boost their regulatory framework, namel anti-money laundering (AML) rules, to tackle the phenomenon of digital currency theft.

While CypherTrace estimates that the hacking of exchanges and trading platforms led to the theft of $927 million in the first three quarters, other cyber security firms have reached different numbers in their reports.
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3 Big Things to Look Forward to the Future of Etheruem’s Ecosystem

Ethereum is currently ranking the second position on the crypto market. Various issues about this altcoin have become apparent over the years. This article is going to show one some of the big things to look forward to where ethereum is concerned.

eWASM

In the future of ethereum, the eWASm aspect will play as a crypto and blockchain project. eWASM will introduce notable performance advantages over using the traditional Ethereum Virtual Machine. It can be seen as the “second gen” of the EVM, although it will use a subset of Webassembly.

With improvements in speed and size, it can be of great value to ethereum and dApp developers alike. At the same time, it will require a major “port” of the existing infrastructure, which makes for some interesting challenges.

Casper FFG

There was a plan to introduce Casper FFG, which would effectively act as a validator for Casper and sharding. Holders will need a stake of 1,500 ETH to validate such network activity if they want to participate in the FFG aspect.

In recent months, there has been some concern regarding the use of Casper FFG. It is possible the Casper and sharding validators will be unified in the Beacon Chain, one of the options being explored by ethereum developers, though further clarification on that front is expected in the coming weeks.

Beacon Chain

Beacon Chain is one of the options being explored by ethereum developers, which could transition ethereum into its proof-of-stake era as well as introduce the sharding concept. It could play a pivotal role in the world of cryptocurrency, depending on how the developers decide to implement it exactly.

This Beacon Chain would “link” between the main blockchain and the Shard chains, letting the main chain know which blocks from the Shards need to be added over time. As the main blockchain is validated through proof-of-stake, it will also reside on the Beacon Chain and maintain a close tie to it at all times. It will be a valuable addition to Ethereum as a whole.
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Finance and Crypto Daily News 08/10/2018
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Finance and Crypto Daily News 06/10/2018
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Why a bitcoin ETF is Bitcoin futures?
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