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The Enterprise Ethereum Alliance is revealing its newest members. As with previous announcements, entrants are divided between legacy institutions and startups building on the ethereum blockchain. Included on the list is Mastercard, Cisco Systems, Scotiabank, Loyyal Corporation and QIWI Blockchain Technologies, among 29 other firms.
But the member that perhaps stands out most in this latest batch of companies is the government of the rapidly growing Andhra Pradesh state in India, the first state government outside the US to join the alliance.
The special chief secretary and IT advisor to the state’s chief minister, J.A. Chowdary, described in a statement the government’s ambition to leverage the membership as a way to turn the region into a financial technology tech hub.
After hitting a low of $182 only a day earlier, Ethereum’s price rebounded over 50% and is currently trading at $267. Not only did Ethereum have the biggest raw percent gain in the past 24 hours, but it also has double the trade volume that Bitcoin has. There is currently a $10 billion difference in Bitcoin and Ethereum’s market caps, if these price gains continue Ether may challenge Bitcoin once again.
After Ethereum hit an all time high of $408 exactly a month ago on June 18th, the price has been toppling ever since. At its peak, Ethereum’s market cap was roughly at $35 billion, and was only $3 billion away from surpassing that of Bitcoin. Chances are that this battle will be revisited in the future.
Today the tables have turned as the crypto market’s jets started working again
Genuine Blockchain-based startups with potential will do well in the long term despite the reducing value of top cryptocurrencies especially ETH-based ERC20 tokens which are mostly used during Initial Coin Offerings.
The projected cap for startups running crowdsales currently – or those that are about to start – have been affected by the fear and panic permeating the entire crypto space since the news of a pending scalability issue that is threatening to split the top currency Bitcoin into two.
“Most ICOs need funding because they need to spend fiat money”
Normally, all new startups that have raised funds through ICOs need cash at some point thus having the need to sell into the market. Some other reasons such as the time it takes for these projects to spend capital on developing what
Coindash is a blockchain company that helps investors manage investments and hedge those investments against other traders. This morning the startup’s token sale was hacked and 7 million dollars’ worth of ether were promptly stolen. The company left a warning on its token funding page advising investors to cease sending funds.
Coindash’s funding page read, “This is an emergency message delivered to you in order to stop you from sending your money to an unauthorized ETH address. It seems like our Token Sale page was tampered and the sending address was changed. Please stop from sending your funds to any of the addresses until we say otherwise. We are currently examining the situation and will shortly send further instructions.”
The token sale was slated to last for 28 days, an
Cryptocurrency markets are very strange, especially compared to traditional markets. Even during bear-ish markets, there are some interesting things happening. Not everyone will see these changes as a positive trend and there will be a lot of disappointment among cryptocurrency enthusiasts. However, things may turn around for the better at any given moment.
CRYPTOCURRENCY MARKETS CONTINUE DROPPING
Few people are happy with the cryptocurrency price fluctuations these daysunderstandable. Almost all cryptocurrencies are losing value daily, and no one can figure out why exactly. Especially Ethereum and Ripple users will be more disappointed with the current price trend. Both currencies lost yet another 4% and more over the past 24 hours, indicating a continuation of the previously establ...
After Ethereum’s meteoric rise throughout the past few months, things are definitely heading in the opposite direction right now. Just when it seemed there would be a small window or reprieve, the price starts plummeting once again. Ether is definitely not a store of value right now, as it has more volatile tendencies compared to other major cryptocurrencies.
NO BREATHING ROOM FOR ETHEREUM JUST YET
The cryptocurrency market has not been kind to Ethereum lately. Ethereum’s price has taken a serious beating over the past few days. Even though its value is still well above the January 2017, most people only look at the recent price momentum back when ETH hit $400. Compared to that price, things are looking absolutely disastrous. However, it is always important to look at the bigger pict
The Enterprise Ethereum Alliance has revealed a new technical steering committee, five months after the group first launched.
As reported at the group’s launch in February, the alliance is backed by a broad array of blockchain startups and enterprise businesses, including Merck, Toyota, and even the state government of Illinois. The group tripled in size in May, adding more than 80 companies to its roster.
Now, the group is laying down some of its governance foundations, instituting a new technical steering committee that will be focused on advancing the EntEth 1.0 reference software.
Pulling from the alliance members, the committee will also oversee seven new working groups, each consisting of industry players. Specific areas that those working groups will focus on include to
The Ethereum community is not too happy with Ether’s price performance. At one point today, Ether was down 25% compared to a day ago. Some of those losses have been recovered already, but the popular currency is still down by just over 15%. Although Bitcoin also lost some of its value, its losses were far less severe. What is going on with the Ethereum price right now?
ETHEREUM PRICE GETS A MASSIVE CORRECTION
Before people start to panic, it is important to remember the Ether price was well below $45 three months ago. Ever since that time, there has been a massive Ethereum price increase, which made the value spike to $403 at one point. That is a 900% increase over the course of two months, with no obvious reason to even warrant such a price trend whatsoever.
Granted, the Ethe
Ethereum startup ConsenSys is actively exploring a partnership with the African nation of Mauritius that could create a so-called “Ethereum Island,” a hub for blockchain technology innovators that would seek to branch out into Africa, Asia and beyond.
Joseph Lubin, founder, and a team of other top executives from ConsenSys – the New York-based decentralized application builder – toured the island July 5–7 to meet with the nation’s Board of Investment, the Bank of Mauritius and other private and public sector authorities.
Mauritius, located 700 miles east of Madagascar, has established itself as an offshore financial center and is actively looking to do same with regard to blockchain and related technologies. Late last year, it began the process of establishing a regulatory sandbo