Adam Back recently took to Twitter with controversial comments on many of the industry’s largest crypto projects — including Ethereum (ETH), Cardano (ADA), Ripple (XRP), and Stellar (XML). His tweets placed these projects in the same category as a number of bonafide scams, which he considers to have been orchestrated as “premines”. We interviewed Back
Ethereum
In the past couple of weeks, the Bitcoin (BTC) price has resurged after months of apparent monetary stagnation. Since July 23, the value of a single Bitcoin has risen by around 20%. Not only that, after trading sideways since its supply squeeze in early May, the premier currency broke through its all-important $10,000 psychological threshold,
Chainlink (LINK), in partnership with a video game called War Riders, has introduced human readable Ethereum (ETH) names. These names will use a different approach than the Ethereum Name Service, or ENS. Removing friction for newcomers War Riders employs blockchain elements like non-fungible tokens which represent in-game items. It also has its own native cryptocurrency
Following the successful but imperfect launch of the Medalla testnet, the first community testnet for Ethereum 2.0, developers spoke on the issues and needed improvements highlighted by the event. In an Eth 2.0 Dev call held on Aug. 6, the network’s client developers discussed what initially went wrong. As Cointelegraph previously reported, it took some
On August 6, Grayscale Ethereum Trust filed to become an SEC reporting company. Amidst the Ethereum (ETH) bull run, Grayscale Investments voluntarily decided to make its Ethereum Trust an SEC reporting company. The company’s best known investment product is a Bitcoin Trust that holds around 400,000 Bitcoin (BTC). Additionally, its Ethereum Trust currently has 1.9
Computer scientist and Blockstream CEO, Adam Back, has compared Ethereum and other high cap altcoins Ponzi-schemes in a Twitter tirade today: “Bitconnect, Charles Ponzi, Ethereum, Onecoin, Cardano, Ripple, Bernie Madoff, Stellar, Dan Larmer. All looking very similar grade to me.” Charles Ponzi and Bernie Madoff are two of the most famous creators of Ponzi-schemes, while
In its August crypto outlook, Bloomberg remained unimpressed with Ethereum, calling its rally “speculative”. The publication contends, however, that Bitcoin’s (BTC) rise is based on solid ground: “Ethereum has extended last year’s highs and leaped to one of the top-performing major crypto assets in 2020, but we view its rally as more speculative vs. the
Ethereum developer Virgil Griffith has been indicted by a grand jury for conspiracy to violate the International Emergency Economic Powers Act (IEEPA) after speaking at a cryptocurrency conference hosted by the North Korean government last April. Griffith was initially arrested on Thanksgiving at Los Angeles Internation Airport after FBI Special Agent Brandon M. Cavanaugh alleged
Key Highlights: Ethereum price has bounced back above $550, holding down a key support at that price level. Earlier in the day, ETH/USD formed two bullish trend lines, the latter of which tested a resistance level at $575. ETH/USD had a reversal from its latest bearish run at the $550 support. Ethereum Holds Support At
As important as Ethereum has become, even eclipsing Bitcoin (BTC) in some circles, it is no wonder that its fifth birthday has prompted comments — some prophetic, others nostalgic. Few, however, will mark the occasion by thinking about taxes, but that could be shortsighted. The last five years have seen near-tectonic shifts in how investors,