Category: Etherium

Cyber criminals have reportedly stolen $225 million worth of digital currencies through phishing scams in 2017. In these scams, would-be investors were tricked into sending money to Internet addresses claiming to be funding sites for virtual token offerings on Ethereum’s blockchain. Based on data from New York-based researcher Chainalysis, over 30,000 investors were victims of the Ethereum-related cyber crimes, losing an average of $7,500 each in the process, with initial coin offerings (ICO) amassing around $1.6 bln in proceeds in Read more …

Ethereum (ETHUSD) is forming its first red weekly candle in six weeks as profit-taking kicks in after ETHUSD briefly tested the psychologically key 400 whole figure resistance level. With the current red weekly candle quickly lengthening reversing most gains over the last two weeks, a bearish Island Reversal could be forming.   Significantly, ETHUSD is testing upchannel support (on the weekly chart). The daily chart provides a clearer set of warnings for bulls with the RSI, Stochastics and MACD decisively Read more …

Russia should create its own alternative to Bitcoin and Ethereum because they are “developed on foreign cryptography,” a senior politician has said. Speaking to journalists Monday, communications minister Nikolay Nikiforov said that the country, which last week signed a partnership with the Ethereum Foundation, is “absolutely capable” of developing its own alternative. “Bitcoin and Ethereum are cryptocurrencies developed on the basis of foreign cryptography. Russia has its own cryptography school,” he commented quoted by Sputnik News. “I think that we Read more …

A frequently heard critique of blockchain technology is that mining is a power-intensive process that consumes energy, generates heat and damages the environment for the sole purpose of maintaining the blockchain. On one hand, maintaining an open and secure blockchain is important and, therefore, worth the energy it costs to maintain it. On the other hand, perhaps the energy spent can be partly redirected toward other important applications. SONM (Supercomputer Organized by Network Mining) is an ambitious project that wants Read more …

A frequently heard critique of blockchain technology is that mining is a power-intensive process that consumes energy, generates heat and damages the environment for the sole purpose of maintaining the blockchain. On one hand, maintaining an open and secure blockchain is important and, therefore, worth the energy it costs to maintain it. On the other hand, perhaps the energy spent can be partly redirected toward other important applications. SONM (Supercomputer Organized by Network Mining) is an ambitious project that wants Read more …

The Ethereum price has suffered a more than 15 percent decline on Sep. 4, following the announcement by the governments of China and South Korea of their crackdown on initial coin offering (ICO) activities in Asia. Source: Cointelegraph Index Startup companies use ICOs, which are usually Ethereum-based, to raise capital money through the issuance of new cryptocurrencies or digital tokens that can be traded online are now officially illegal in China. China and South Korea’s ICO campaign As part of Read more …

Key Highlights ETH price fell hard and traded below the $300 handle against the US Dollar. There are two bearish trend lines forming with resistance near $320 on the hourly chart of ETH/USD (data feed via SimpleFX). The price might correct higher, but likely to face sellers near $300, $320 and $330. Ethereum price made a sharp downside move against the US Dollar and Bitcoin. ETH/USD is now bearish and looking to extend declines below $280. Ethereum Price Decline It Read more …