2336 cryptocurrencies
Total Market Cap $7,311,462,836,294,077
Total Volume 24h $367,349,221

Ethereum Ethereum star

12.14 (9.85%)

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. In the Ethereum protocol and blockchain there is a price for each operation. The general idea is, in order to have things transferred or executed by the network, you have to consume or burn Gas. The cryptocurrency is called Ether and is used to pay for computation time and for transaction fees.

If you want to earn block rewards from the network, you can join the network as a miner. Follow the link for a guide on how to mine Ethereum on a Windows Pc. The much easier but a bit more expensive way is to buy an Ethereum mining contract. 

Ethereum is how the Internet was supposed to work. As long as you have enough funds to pay for your code to be run by the network, your contacts will always be up and running.

It was crowdfunded during August 2014 by fans all around the world. It is developed and maintained by ETHDEV with contributions from great minds across the globe. There is also an Ethereum foundation and there are multiple startups working with the Ethereum blockchain.

Ethereum is currently on the "Homestead" stage and all its related software is still considered Beta until the release of the next stage "Metropolis". 

If you are looking for a GUI interface for your wallet, try the Ethereum Wallet DApp. It's still in beta so be careful when you use it.

Our block explorer data bellow is freely provided by etherchain.org and etherscan.io


Crypto Markets See Solid Upswing, Bitcoin Pushes $7,500

Jul 21st, 2018

Crypto markets seeing mostly green, with altcoins regaining strength and Bitcoin holding solidly above $7,400. Crypto markets are seeing mostly green today, July 21, continuing the momentum of this week's upswing. The top ten altcoins are solidly regaining strength today, up as much 8 percent, according to Coin360, with Bitcoin (BTC) only slightly in the green, hovering near yesterday's levels. Market visualization from Coin360 The top cryptocurrency is currently trading at $7,426 at press time, up just under 1 percent on the day. Bitcoin saw an intraday low of $7,246. Low point in Bitcoin's 24-hours chart. Source: Cointelegraph Bitcoin Price Index Top altcoin Ethereum (ETH) has seen more significant growth over the past 24 hours, up almost 5 percent and trading at $466 at press time. The altcoin is holding weekly gains of almost 8 percent, peaking at over $500 on July 18. Ethereum weekly price chart. Source: Cointelegraph Ethereum Price Index Total market capitalization of all cryptocurrencies is hovering around $282-283 bln, currently at $282.7, up about 2 percent over the past 24 hours to press time. Total market cap is down from this week's peak of almost $300 bln. Total market capitalization chart. Source: CoinMarketCap Among the top ten cryptocurrencies on CoinMarketCap, Stellar (XLM) and IOTA (MIOTA) are up the most on the day, seeing over 7 and almost 5 percent growth respectively. Other than stablecoin Tether, Cardano (ADA) is seeing the least 24-hour growth of the top ten coins, up only 1.53 percent. Cardona is however seeing major growth on the week, boasting a whopping 23 percent price increase. Yesterday, July 20, the Chicago Mercantile Exchange (CME) reported that BTC futures daily average volume has increased by 93 percent in Q2 over Q1. The number of open contracts on Bitcoin futures also increased by 58 percent. This week's crypto market growth got further encouragement yesterday, July 20, when the CEO of crypto trading platform BitMEX suggested Bitcoin's current bull run may give way to a price point of $5,000 before heading to $50,000 in 2018.

Five Crypto Trailblazers Make Fortune's '40 Under 40' List

Jul 20th, 2018

Five major crypto innovators have clinched four spots on Fortune's "40 Under 40" annual rankings for the most powerful young disruptors in global business, released for 2018 on July 19. The first incarnation of Fortune's under 40 list ran from 1999-2003 and ranked the new titans of the dot-com boom purely based on their wealth. Post-2008 financial crash, the list has been reinvented to take the pulse of figures' wider achievements, power, and influence on the global stage. This year, Ethereum (ETH) co-founder Vitalik Buterin, 24, has sealed a spot on the list for the third year running, ranked 22nd and hailed as a "skinny visionary," whose "experiment" has become the second-most valuable crypto invention after Bitcoin (BTC). The characterization builds on something of a trend, with Buterin last year styled as a "twiggy, Russia-born software developer" as he ranked 10th, and his 2016 list debut at 31st place painting a precocious portrait of his childhood love for Microsoft Excel. This year, Fortune draws attention to the "lucky break" represented by the Security and Exchange Commission's (SEC) recent decision not to regulate ether as a security, and also notes that Buterin has recently allegedly declined to work for tech giant Google and remain native to the crypto sphere. Brian Armstrong, 34, the CEO of major U.S. crypto exchange and wallet service Coinbase, has made the list for the second time, ranked 20th. Last year, he scored 10th place after Coinbase was valued at $1.6 billion in fall 2017, becoming the first so-called "unicorn" of the blockchain industry. This year, Fortune nods towards the "tantalizing financial licenses" that could unleash Coinbase's influence yet further. Russian developer Pavel Durov, 33, has been ranked 25th, appearing on the list for the first time. Durov founded popular social networking site VKontakte, as well as the the encrypted chat app Telegram, which has drawn 200 million users. This March, Telegram concluded two $850 million Initial Coin Offerings (ICO) to launch a native token, bringing its total ICO earnings to $1.7 billion. In 24th place are Vlad Tenev, 31, and Baiji Bhatt, 33, "Stanford math whizzes" and co-CEOs of the brokerage app Robinhood, which has has been offering a zero-fee crypto trading platform in selected U.S. states since February. The project, which recently raised $363 million in funding to expand crypto trading support U.S.-wide, has a $5.6 billion valuation that catapulted it to becoming the second most valuable American fintech startup. Fortune's crypto industry representatives have thus more than doubled their presence over the last year.

Six Tools Used by Hackers to Steal Cryptocurrency: How to Protect Wallets

Jul 29th, 2018

Every year, thousands of users become victims of hacking attacks by voluntarily sending fraudsters $200 millions of dollars in cryptocurrency. Why does this happen and what are the possible solutions? In the early July, it was reported that Bleeping Computer detected suspicious activity targeted at defrauding 2.3 million Bitcoin wallets, which they found to be under threat of being hacked. The attackers used malware -- known as "clipboard hijackers" -- which operates in the clipboard and can potentially replace the copied wallet address with one of the attackers. The threat of hacking attacks of this type has been predicted by Kaspersky Lab as early as November of last year, and they did not take long to become reality. For the time being, this is one of the most widespread types of attacks that is aimed at stealing users' information or money, with the overall estimated share of attacks to individual accounts and wallets being about 20 percent of the total number of malware attacks. And there's more. On July 12, Cointelegraph published Kaspersky Lab's report, which stated that criminals were able to steal more than $9 million in Ethereum (ETH) through social engineering schemes over the past year. Image source: Carbon Black Briefly about the problem The already mentioned Bleeping Computer portal, which works on improving computer literacy, writes about the importance of following at least some basic rules in order to ensure a sufficient level of protection: "Most technical support problems lie not with the computer, but with the fact that the user does not know the 'basic concepts' that underlie all issues of computing. These concepts include hardware, files and folders, operating systems, internet and applications." The same point of view is shared by many cryptocurrency experts. One of them, Ouriel Ohayon -- an investor and entrepreneur -- places the emphasis on the personal responsibility of users in a dedicated Hackernoon blog: "Yes, you are in control of your own assets, but the price to pay is that you are in charge of your own security. And since most people are not security experts, they are very much often exposed  --  without knowing. I am always amazed to see around me how many people, even tech savvy ones, don't take basic security measures." According to Lex Sokolin -- the fintech strategy director at Autonomous Research -- every year, thousands of people become victims of cloned sites and ordinary phishing, voluntarily sending fraudsters $200 million in cryptocurrency, which is never returned. What could that tell us? Hackers that are attacking crypto wallets use the main vulnerability in the system -- human inattention and arrogance. Let's see how they do it, and how one can protect their funds. 250 million potential victims A study conducted by the American company Foley & Lardner showed that 71 percent of large cryptocurrency traders and investors attribute theft of cryptocurrency to the strongest risk that negatively affects the market. 31 percent of respondents rate the hackers' activity threat to the global cryptocurrency industry as very high. Image source: Foley & Lardner Experts from Hackernoon analyzed the data about hacking attacks for 2017, which can be conditionally divided into three large segments: - Attacks on the blockchains, cryptocurrency exchanges and ICOs; - Distribution of software for hidden mining; - Attacks directed at users' wallets. Surprisingly, the article "Smart hacking tricks" that was published by Hackernoon didn't appear to get wide popularity and warnings that seem to be obvious for an ordinary cryptocurrency user must be repeated again and again, as the number of cryptocurrency holders is expected to reach 200 million by 2024, according to RT. According to research conducted by ING Bank NV and Ipsos -- which did not consider East Asia in the study -- about nine percent of Europeans and eight percent of U.S. residents own cryptocurrencies, with 25 percent of the population planning to buy digital assets in the near future. Thus, almost a quarter of a billion potential victims could soon fall into the field of hacking activity. Apps on Google Play and the App Store Tips e - Don't get carried away with installing mobile applications without much need; -Add Two Factor Authorization-identification to all applications on the smartphone; -Be sure to check the links to applications on the official site of the project. Victims of hacking are most often smartphone owners with Android operating system, which does not use Two Factor Authentication (2FA) -- this requires not only a password and username, but also something that user has on them, i.e., a piece of information only they could know or have on hand immediately, such as a physical token. The thing is that Google Android's open operating system makes it more open to viruses, and therefore less safe than the iPhone, according to Forbes. Hackers add applications on behalf of certain cryptocurrency resources to the Google Play Store. When the application is launched, the user enters sensitive data to access their accounts and thereby gives hackers access to it. One of the most famous targets of a hacking attacks of this type were traders of the American cryptocurrency exchange Poloniex, which downloaded mobile applications posted by hackers on Google Play, pretending to be a mobile gateway for the popular crypto exchange. The Poloniex team didn't develop applications for Android, and its site doesn't have links to any mobile apps. According to Lukas Stefanko, a malware analyst at ESET, 5,500 traders had been affected by the malware before the software was removed from Google Play. Users of iOS devices, in turn, more often download App Store applications with hidden miners. Apple was even forced to tighten the rules for admission of applications to its store in order to somehow suspend the distribution of such software. But this is a completely different story, the damage from which is incomparable with the hacking of wallets, since the miner only slows down the computer operation. Bots in Slack Tips: -Report Slack-bots to block them; -Ignore bots' activity; -Protect the Slack-channel, for example, with Metacert or Webroot security bots, Avira antivirus software or even built-in Google Safe Browsing. Since mid-2017, Slack bots aimed at stealing cryptocurrencies have become the scourge of the fastest-growing corporate messenger. More often, hackers create a bot that notifies users about problems with their cryptos. The goal is to force a person to click the link and enter a private key. With the same speed with which such bots appear, they are blocked by users. Even though the community usually reacts quickly and the hacker has to retire, the latter manages to make some money. Image source: Steemit @sassal The largest successful attack by hackers through Slack is considered to be the Enigma group hack. The attackers used Enigma's name -- which was hosting its presale round -- to launch a Slack bot, and ended up defrauding a total of $500,000 in Ethereum from credulous users. Add-ons for crypto trading Tips -Use a separate browser for operations with cryptocurrencies; -Select an incognito mode; -Do not download any crypto add-ons; -Get a separate PC or smartphone just for crypto trading; -Download an antivirus and install network protection. Internet browsers offer extensions to customize the user interface for more comfortable work with exchanges and wallets. And the issue is not even that add-ons read everything that you are typing while using the internet, but that extensions are developed on JavaScript, which makes them extremely vulnerable to hacking attacks. The reason is that, in recent times -- with the popularity of Web 2.0, Ajax and rich internet applications -- JavaScript and its attendant vulnerabilities have become highly prevalent in organizations, especially Indian ones. In addition, many extensions could be used for hidden mining, due to the user's computing resources. Authentication by SMS Tips: -Turn off call forwarding to make an attacker's access to your data impossible; -Give up 2FA via SMS when the password is sent in the text, and use a two-factor identification software solution. Many users choose to use mobile authentication because they are used to doing it, and the smartphone is always on hand. Positive Technologies, a company that specializes in cybersecurity, has demonstrated how easy it is to intercept an SMS with a password confirmation, transmitted practically worldwide by the Signaling System 7 (SS7) protocol. Specialists were able to hijack the text messages using their own research tool, which exploits weaknesses in the cellular network to intercept text messages in transit. A demonstration was carried out using the example of Coinbase accounts, which shocked the users of the exchange. At a glance, this looks like a Coinbase vulnerability, but the real weakness is in the cellular system itself, Positive Technologies stated. This proved that any system can be accessed directly via SMS, even if 2FA is used. Public Wi-Fi Tips: -Never perform crypto transactions through public Wi-Fi, even if you are using a VPN; -Regularly update the firmware of your own router, as hardware manufacturers are constantly releasing updates aimed at protecting against key substitution. Back in October last year, in the Wi-Fi Protected Access (WPA) protocol -- which uses routers -- an unrecoverable vulnerability was found. After carrying out an elementary KRACK attack (an attack with the reinstallation of the key) the user's device reconnects to the same Wi-Fi network of hackers. All the information downloaded or sent through the network by a user is available to attackers, including the private keys from crypto wallets. This problem is especially urgent for public Wi-Fi networks at railway stations, airports, hotels and places where large groups of people visit. Sites-clones and phishing Tips: -Never interact with cryptocurrency-related sites without HTPPS protocol; -When using Chrome, customize the extension -- for example, Cryptonite -- which shows the addresses of submenus; -When receiving messages from any cryptocurrency-related resources, copy the link to the browser address field and compare it to the address of the original site; -If something seems suspicious, close the window and delete the letter from your inbox. These good old hacking methods have been known since the "dotcom revolution," but it seems that they are still working. In the first case, attackers create full copies of the original sites on domains that are off by just one letter. The goal of such a trick -- including the substitution of the address in the browser address field -- is to lure a user to the site-clone and force them to enter the account's password or a secret key. In the second case, they send an email that -- by design -- identically copies the letters of the official project, but -- in fact -- aims to force you to click the link and enter your personal data. According to Chainalysis, scammers using this method have already stolen $225 million in cryptocurrency. Cryptojacking, hidden mining and common sense The good news is that hackers are gradually losing interest in brutal attacks on wallets because of the growing opposition of cryptocurrency services and the increasing level of literacy of users themselves. The focus of hackers is now on hidden mining. According to McAfee Labs, in the first quarter of 2018, 2.9 million samples of virus software for hidden mining were registered worldwide. This is up by 625 percent more than in the last quarter of 2017. The method is called "cryptojacking" and it has fascinated hackers with its simplicity in such away that they massively took up its implementation, abandoning the traditional extortion programs. The bad news is that the activity of hacking has not decrease in the least bit. Experts of the company Carbon Black -- which works with cybersecurity -- revealed that, as of July 2018, there are approximately 12,000 trading platforms on the dark web selling about 34,000 offers for hackers. The average price for malicious attack software sold on such a platform is about $224. Picture source: Carbon Black But how does it get on our computers? Let's return to the news with which we started. On June 27, users began leaving comments on Malwarebytes forum about a program called All-Radio 4.27 Portable that was being unknowingly installed on their devices. The situation was complicated by the impossibility of its removal. Though, in its original form, this software seems to be an innocuous and popular content viewer, its version was modified by hackers to be a whole "suitcase" of unpleasant surprises. Of course, the package contains a hidden miner, but it only slows down the computer. As for the program for monitoring the clipboard, that replaces the addresses when the user copies and pastes the password, and it has been collecting 2,343,286 Bitcoin wallets of potential victims. This is the first time when hackers demonstrated such a huge database of cryptocurrency owners -- so far, such programs have contained a very limited set of addresses for substitution. After replacing the data, the user voluntarily transfers funds to the attacker's wallet address. The only way to protect the funds against this is by double-checking the entered address when visiting the website, which is not very pleasant, but reliable and could become a useful habit. After questioning of victims of All-Radio 4.27 Portable, it was discovered that malicious software got on their computers as a result of unreasonable actions. As the experts from Malwarebytes and Bleeping Computer found out, people used cracks of licensed programs and games, as well as Windows activators like KMSpico, for example. Thus, hackers have chosen as victims those who consciously violated copyright and security rules. Well-known expert on Mac malware Patrick Wardle often writes in his blog that many viruses addressed to ordinary users are infinitely stupid. It's equally silly to become a victim of such hacking attacks. Therefore, in conclusion, we'd like to remind you of the advice from Bryan Wallace, Google Small Business Advisor: "Encryption, anti-virus software, and multi-factor identification will only keep your assets safe to a point; they key is preventive measures and simple common sense."

HTC Exodus Phone to Support Crypto Wallet, CryptoKitties, Instead of Native Blockchain

Jul 11th, 2018

HTC will be releasing a smartphone with a crypto wallet and CryptoKitties instead of the previously announced fully "native blockchain phone." Electronics giant HTC will not be releasing a smartphone with a native blockchain network for crypto trading between users as previously announced, The Verge reported July 10. Instead, the company will introduce a smartphone containing a cryptocurrency wallet and CryptoKitties, the Ethereum-based decentralized application (DApp) game. On May 15, the Taiwan-based electronics firm had first unveiled its blockchain smartphone project, the HTC Exodus, that would reportedly include support for both the Bitcoin (BTC) and Ethereum (ETH) networks. The Verge wrote in May that the company planned on creating a product with "a native blockchain network that uses Exodus phones as nodes that support cryptocurrency trading between users." Phil Chen, the creator of HTC Vive and HTC's head of business and corporate development, said at the time that he envisioned a product that would allow customers to "truly own their data [...] without the need for central authorities," Cointelegraph reported. However, speaking to The Verge this week, Chen said that a phone that allowed users to own their identity is still in the future, and the Exodus -- set to be released in 2018 -- will include just a native crypto wallet and CryptoKitties. Chen also mentioned that HTC is planning to incorporate crypto mining on mobile, noting that they are already exploring opportunities by checking out different consensus protocols and may issue a white paper on the project later on this year. The Verge notes HTC's shipping numbers are down in 2018: having shipped more than 2 million products in the first quarter of 2017, the company shipped just 630,000 devices in the first quarter of this year. Last week, the company revealed that sales in June have dropped by 68 percent, while their latest product U12 Plus has received mainly negative reviews. In early July, the company also fired 1,500 employees in Taiwan to cut its costs. Also this week, Swiss-based Sirin Labs told Cointelegraph that the company plans to release its own blockchain-powered smartphone, the Finney, in November this year. In December 2017, Sirin Labs raised $157.8 million for the project during their Initial Coin Offering (ICO), with $110 million collected in just first 24 hours. The Verge notes that while the cost of the HTC Exodus is expected to be announced by the end of Q3, Chen noted that its price would be "comparable" with the Finney, which has an expected price of $1,000. In March, Chinese tech giant Huawei was reported to be seeking a license for the SIRIN OS technology, developed by Sirin Labs, in order to release their own phone featuring blockchain-based DApps.

Bitcoin Breaks $8,000 as Selected Alts See Slight Recovery

Jul 24th, 2018

July 24: Bitcoin (BTC) broke through the $8,000 price point this morning, as the top cryptocurrency continues to outperform most other crypto assets, according to data from Coin360. In the days following the strong upswing that kicked off across the crypto market on July 16 and accelerated further on July 17, Bitcoin has sustained positive momentum while other alts slid into negative territory. Market visualization from Coin360 Bitcoin (BTC) is trading around $8,009 to press time, up 3.9 percent on the day. The leading asset gained over $200 dollars within the space of an hour and a half this morning to hit $7991, and then broke the $8,000 resistance level, peaking at a 24-hour high of $8,031. Bitcoin's weekly and monthly gains are now at around 3.8 and 34 percent respectively, according to data from CoinMarketCap. Bitcoin 24-hour price chart. Source: Cointelegraph Bitcoin Price Index Yesterday, BTC dominance by market capitalization in the crypto market reached its highest level yet in 2018, passing 46 percent, a threshold last seen December 20, 2017, when the coin was trading close to its industry highs of $20,000. Today, dominance has inched up yet further to 46.8 percent by press time. Percentage of total market cap (dominance) from CoinMarketCap Ethereum (ETH) is trading around $468 at press time, up 1.2 percent on the day. Having peaked at $510 on July 18, the asset's subsequent decline saw it dip to $444 by July 20. Today, the altcoin has seen modest growth, reaching a 24-hour high of $472. Ethereum has lost just under 1 percent on the week, but is now up 4.77 percent on the month. Ethereum's 24-hour price chart. Source: Cointelegraph Ethereum Price Index On CoinMarketCap's listings, the top 10 coins by market cap are seeing mixed red and green, with some alts seeing solid growth of above 4 percent. Litecoin (LTC) is up over 3.5 percent on the day, trading at around $87, according to CoinMarketCap. Bitcoin Cash (BCH) is also up over 4.5 percent and is trading at $851 to press time. Meanwhile, EOS, IOTA (MIOTA), and Cardano (ADA) are all down, seeing losses of within a 1-2 percent range on the day by press time. Of the top 20 ranked coins on CoinMarketCap, anonymity-oriented altcoin Monero (XMR) is the strongest performer. Monero is up almost 4 percent and is trading around $140 at press time. Breaking $148 July 18, the coin saw a subsequent decline to $127 on July 21, and traded sideways until yesterday's uptick, which continues today. Monero 7-day chart. Source: CoinMarketCap Total market capitalization of all cryptocurrencies is around $294 billion at press time, inching closer to its intra-weekly high of around $300 billion. Weekly high in the total market capitalization of all cryptocurrencies from CoinMarketCap While the market is seeing a more mixed picture today, Bitcoin's recent divergence from other crypto assets has prompted CNBC trading advisor Ran NeuNer to venture that we may be on the cusp of a bull market. The analyst attributes the top coin's strong performance to news earlier this month that the $6.3 trillion asset manager and ETF-giant BlackRock is beginning to assess potential involvement in Bitcoin. As per NeuNer's scenario: "-BTC goes up in anticipation of ETF at the expense of Alts. - Investors start to pay more attention to BTC as it is getting returns. - New money flows in again including institutional funds. - BTC runs , investors exit and invest in Alts. - Bull market again..." While many hold the view that crypto-based ETFs would be a "holy grail" for the crypto industry, news that BlackRock may also be eyeing an entry into Bitcoin futures trading could prove more divisive, given suggestions from figures including Fundstrat's Tom Lee that Bitcoin's "gut wrenching" price weakness this spring was tied to futures contract expirations. In May, the Federal Reserve Bank of San Francisco had similarly alleged that Bitcoin's price decline was the result of the introduction of futures trading on CBOE, and then CME, in Dec. 2017. This week, CME revealed that the average daily volume of Bitcoin futures on its platform increased by 93 percent in Q2 over Q1 in 2018, also indicating that the number of open contracts had exceeded 2,400 -- a 58 percent increase over Q1.

Bitcoin Breaks $7,500 Point After a Week of Solid Growth, BTC Dominance Goes Up

Jul 22nd, 2018

Crypto markets have seen some fluctuation with a mix of red and green, no coins up or down by more than around one percent. Crypto markets are experiencing a mix of green and red today, July 22, with some of top 20 altcoins by market cap seeing a slight dip of around 1 percent over the past 24 hours, while Bitcoin (BTC) has reclaimed the $7,500 price point, according to Coinmarketcap. Following a week of solid upswing, none of the top 20 coins by market cap are up or down by more than about 1 percent, showing relatively static growth. Market visualization from Coin360 Bitcoin broke the $7,500 barrier today, up about 1 percent over a 24 hour period and trading at $7,516 at press time. The major cryptocurrency is up almost 18 percent this week, having traded roughly $1,000 less on Monday morning, July 16. The coin is also holding its monthly gains of around 21 percent. Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index In contrast, Ethereum (ETH) is seeing a slight decline today, down about half a percent over the past 24 hours to press time. The top altcoin is seeing just 3 percent gains this week, trading at around $463. Ethereum price chart. Source: Cointelegraph Ethereum Price Index Total market capitalization is slowly building momentum, up around 1 percent from yesterday's figures and currently valued at around $285 billion. Total market capitalization chart. Source: Coinmarketcap While total market cap is down from the intraweek high of almost $300 billion, Bitcoin's dominance over altcoins is growing firmly this week, up 3 percent and currently amounting to 45 percent. Percentage of Total Market Cap (Dominance). Source: Coinmarketcap This week has seen potential institutional movement into the crypto space, as investment giant BlackRock's announced they were considering the launch of Bitcoin futures. On Friday, July 20, the Chicago Mercantile Exchange (CME) reported that Bitcoin futures' daily average volume has grown by 93 percent in the second quarter over Q1, with the number of open contracts on Bitcoin futures also having increased by 58 percent. Also on July 20, BitMEX exchange CEO Arthur Hayes suggested that the current bull trend has the potential to give way to a BTC price point of $5,000 before skyrocketing to $50,000 in 2018.

Bitcoin Reclaims $6,600, Altcoins Gain up to 9% Today as ETF Giant BlackRock Eyes Crypto

Jul 16th, 2018

Bitcoin has reclaimed the $6,600 price point, amid a major market rally bolstered by news that the $6.3 trln asset management behemoth BlackRock is eyeing crypto. Crypto markets are on an upswing today, July 16, as data from Coin360 shows, with Bitcoin (BTC) reclaiming the $6,600 price point. Today's notable market growth is likely bolstered by news that the $6.3 trillion asset management heavyweight BlackRock -- the world's largest provider of exchange traded-funds (ETF) -- is beginning to assess potential involvement in Bitcoin, according to reports from Financial News. Market visualization from Coin360 Today's solid market gains are poised to turn around negative momentum that has thwarted price performance since market descent that began July 10. Yesterday saw the first signs of a budding positive trend, and as of today, virtually all of the top 100 coins by market cap are seeing significant growth on the day to press time. Bitcoin is trading around $6,607, up a little over 4 percent over the 24-hour period to press time. The top cryptocurrency gained over $200 in the space of a few hours this morning, hitting a peak of $6,635 before falling slightly to its current position. Bitcoin is still down around one and a half percent on the week, yet to top its outstanding rally July 8 when the coin hit almost $6,800. Bitcoin price chart July 16. Source: Cointelegraph Bitcoin Price Index Leading altcoin Ethereum (ETH) is trading around $474 to press time, up over 6 percent over the past 24 hours to press time. The coin's strong ascent has not yet brought its mid-term price performance back into net positive territory, with its weekly and monthly losses still at 1.25 and 4.8 percent respectively. Following Bitcoin's spike, Ethereum also saw a sharp upward turn earlier today, growing about 4.6 percent in two and a half hours to peak at $475, before proceeding to trade sideways to press time, holding today's gains so far. Ethereum price chart July 16. Source: Cointelegraph Ethereum Price Index On CoinMarketCap's listings, all of the top 10 coins by market cap -- excluding stablecoin Tether (USDT) -- have seen impressive gains of between 4 and 9 percent over the past 24 hours to press time. Of the top 100 ranked crypto assets, just five are in the red, including Tether. EOS is the strongest performer of the top ten cryptocurrencies over the 24-hour period, up a hefty 8.55 percent and trading at $7.75 to press time. EOS 24-hour performance. Source: CoinMarketCap Other sweeping gains have been claimed by Stellar (XLM), Cardano (ADA) and IOTA (MIOTA) -- all of which have seen positive growth of 7-8 percent over the 24-hour period, according to CoinMarketCap. Total market capitalization of all cryptocurrencies is now at around $266.9 billion to press time, gaining over $12 billion on the day. The markets are nonetheless just shy of their intra-weekly high of $274.7 billion in the early hours of July 10. Weekly high in the total market capitalization of all cryptocurrencies from CoinMarketCap Today's significant news from BlackRock is likely to invigorate the narrative that institutional investors have been biding their time to enter the cryptocurrency markets at an opportune moment. Over the weekend, CNBC trading advisor Ran Neuner went so far as to venture that once the institutional behemoths are in, 2017's bull run for crypto would come to "look like a warm-up." Ran Neuer has today added today that the indications that BlackRock could now enter the crypto space potentially heralds an "exciting" and transformational moment for the markets -- a position that echoes the long-held view that crypto-based ETFs would be a 'holy grail' for the crypto industry. In its own bid to provide infrastructure to facilitate institutional entry, major U.S. crypto wallet provider and exchange service Coinbase has said that it expects that such moves -- rapidly being mirrored across the crypto space -- will "unlock" the "$10 billion" of institutional capital that has until now been "sitting on the sideline."

S. Korea's Top Telephone Company Reveals Its Own Blockchain Network

Jul 24th, 2018

South Korean KT Corporation has built a blockchain layer on top of its existing network to make it more secure and transparent, local media report. State-owned KT Corporation, South Korea's largest telephone company, has announced the launch of its blockchain-powered commercial network. The firm has built a blockchain layer on top of its existing nationwide network in order to make it "more secure and transparent," according to an article by The Korea Herald published Tuesday, July 24. The news outlet reports the head of KT Blockchain Center Seo Young-il as saying that blockchain tech can be used in telecommunications for secure and efficient data management. Seo added: "The whole point of applying blockchain to networks is to address security and transaction issues by making the current networks more secure and trusted." With its new network, KT plans to allow its individual and corporate clients to store and transfer their digital data with "less hacking risks," The Korea Herald further reports. The network has a claimed capacity of 2,500 transactions per second (TPS), compared to Bitcoin's (BTC) 3 TPS and Ethereum's (ETH) 15 TPS. KT Corp. also has plans to offer blockchain-based roaming services with international mobile carriers, such as NTT Docomo, the top provider in Japan. According to The Korea Herald, the use of blockchain will allow the company to calculate roaming bills in real time and improve the speed of internet connection for customers. Cointelegraph reported on July 6 that KT Corporation has joined the Carrier Blockchain Study Group (CBSG), a global blockchain consortium of telecom companies whose goal is to create a cross-carrier blockchain ecosystem with such capabilities as "[cell phone] top-up, roaming wallet, secured clearing and settlement, personal authentication [and] IoT applications." The blockchain market in Korea is expected to grow 20 times over in four years - from $44 million in 2018 to about $887 million in 2022 - The Korea Herald reports, citing the country's Ministry of Science and information and communications technology (ICT).

Bitcoin Holds Recent Gains Amid a Checkered Market Outlook

Jul 25th, 2018

July 25: Bitcoin (BTC) is holding its newly won gains, having led the week's impressive uptick to stay above $8,000. Other leading cryptocurrencies are seeing mixed fortunes, according to data from Coin360. Market visualization from Coin360 Bitcoin (BTC) is trading around $8,200 to press time, down about half a percent on the day. The leading asset surged as high as $8,483 during early trading hours -- a price point it has not seen since mid-May -- subsequently retracing to its current level. Bitcoin's weekly and monthly gains are at a bullish 10 and 34 percent respectively, according to data from Cointelegraph's price index. Bitcoin 24-hour price chart. Source: Cointelegraph Bitcoin Price Index BTC dominance by market capitalization continues to inch upwards, now at 47.2 percent according to CoinMarketCap, after posting its 2018 record-high earlier this week. Reddit co-founder Alexis Ohanian -- whose VC firm Initialized Capital was one of U.S. crypto exchange Coinbase's first investors -- said in a fresh interview that the "battle-tested" coin is "certainly the most robust" noting that "as volatile as it's been...[Bitcoin] continu[es] to go up over the long term." Ethereum (ETH) is trading around $471 at press time, seeing around a 1 percent loss on the day. The top altcoin has seen considerable price movement between its morning peak at $484 and subsequent dip to as low as $464. Ethereum has now lost 4.84 percent on the week, but remains almost 1 percent up on the month. Ethereum's 24-hour price chart. Source: Cointelegraph Ethereum Price Index On CoinMarketCap's listings, the top 10 coins by market cap are a mixed bag, with negative fluctuations capped at under 3 percent, and the heftiest gain pushing 1 percent growth over the 24-hour period. Bitcoin Cash (BCH) is down about 2.5 percent and is trading at $838 to press time, after an intra-day tumble to around $833, according to CoinMarketCap. Bitcoin Cash 24-hour chart. Source: CoinMarketCap Meanwhile, EOS has been the strongest top 10 performer, seeing a solid 1 percent growth and trading around $8.48 to press time. Litecoin (LTC) is trading around $86.89, down roughly 1 percent on the day, with Cardano (ADA) seeing an almost 3 percent loss and trading around $0.17 to press time. Of the top 20 coins on CoinMarketCap, crypto exchange Binance's native token Binance Coin (BNB) -- ranked 18th -- has skyrocketed almost 10 percent on the day, trading around $13.13 to press time. The token is nonetheless just short of its weekly high at $13.72. Tezos (XTZ) has been hit with steep losses of almost 5 percent, trading at around $2.13 to press time, following news that "Big Four" auditor PricewaterhouseCoopers (PwC) will conduct an external audit of its finances and operations. While the Foundation has heralded the news as a watershed moment -- it is "the first" large-scale blockchain organization to be monitored by PwC -- the news has perhaps nonetheless drawn fresh attention to controversies that have beset the project since last year. Total market capitalization of all cryptocurrencies is around $297 billion at press time, after surging to around $304 billion during early trading hours. Total market capitalization of all cryptocurrencies from CoinMarketCap EToro senior analyst Mati Greenspan today ventured that Bitcoin's bull run this week has been led by a spike in trading volumes on the Japanese and Korean crypto markets, also noting that average BTC transaction rates have inched past 2.5 per second for the first time since February this year. 1-year chart of Bitcoin's average transaction rate. Source: Blockchain.com As a mark of the nascent industry's rising status, Fortune this week released a crypto-focused version of its prestigious "40 under 40" honor roll for the first time, dedicated exclusively to innovators at the helm of the "financial revolution" ushered in by cryptocurrencies and blockchain.

Top 10 Crypto Deals in 2017 Returned Over 136,000% on Average, Report Shows

Jul 27th, 2018

Research into the top ten crypto deals in 2017 based on their investment returns (ROI) has revealed that on average each returned over 136,000 percent, according to data shared with Cointelegraph by Crypto Finance Conference (CFC) analysts July 27. Out of all the crypto projects that raised a minimum of $1 million in 2017, IOTA (MIOTA) clinched a staggering 614,934 percent return for investors, sealing the top spot in the researchers' rankings. IOTA is an Internet of Things (IoT)-focused crypto platform that uses a so-called Tangle system. The protocol is different from blockchain, in that it does not use "blocks" or mining, but rather is built upon a directed acyclic graph (DAG) -- a topologically ordered system in which different types of transactions run on different chains in the network simultaneously. CFC notes that the project is "expected to reach 75 billion connected devices by 2025." In second place is Nxt, a blockchain-powered, decentralized ecosystem that focuses on crowdfunding, governance, cloud services and digital asset exchange. Investors in the project's native NXT token saw returns of over 500,000 percent. Open-source blockchain platform Ethereum (ETH) -- co-founded by Vitalik Buterin, who has characterized the project's ambition as nothing short of becoming a "world computer" -- ranks third, after bringing over 141,000 percent returns to its investors. Andrea-Franco Stöhr, co-founder and CEO of CFC, said of the research findings: "No project in the top ten had an ROI that was less than 6,000% -- gains that are unfathomable for investors in many other markets. These numbers demonstrate the strong upside and myriad real-world applications for cryptocurrency. Also, the extreme success of infrastructure projects suggests investors should be seeking foundational companies that will redefine the internet in the next 10 to 15 years." ROI-Driven Crypto Research Findings. Source: Crypto Finance Conference Earlier this week, Reddit co-founder Alexis Ohanian -- whose VC firm Initialized Capital was one of Coinbase's first investors -- gave his own perspective on crypto investments. Ohanian said his bets are on "the picks and shovels" of the nascent space -- in other words, those projects that are building the "robust" but admittedly "unsexy" infrastructure that will cement the industry's foundations.

Crypto Markets Rally, With Bitcoin Pushing $7K, Ethereum Close to $500

Jul 8th, 2018

The crypto markets are on a strong upswing today, July 8, as data from Coin360 shows, with with Bitcoin (BTC) pushing the $7,000 price point. Virtually all of the top 100 coins by market cap are green on the day to press time. The markets have seen just over a week of solid consolidation of gains first claimed in their late June rebound, and today appear to be pushing even higher resistance levels. Market visualization from Coin360 Bitcoin is trading around $6,752 to press time, up 3 percent over the 24-hour period, bringing its weekly gains to a solid 6-7 percent. The top cryptocurrency gained over $230 in value in the space of a little over one hour this afternoon, seeing a sharp 3.5 percent gain, before trading sideways for the rest of the day. Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index Top altcoin Ethereum (ETH) is trading around $489 to press time, up almost 5 percent over the past 24 hours, and almost 9 percent on the week. The coin's intraday high peaked at $492.56, bringing it tantalizingly close to reclaiming the round $500 price point. Ethereum price chart. Source: Cointelegraph Ethereum Price Index On CoinMarketCap's listings, the top ten coins by market cap are all solidly in the green, with gains of within a 2 to 7 percent range. Among the top ten cryptocurrencies, IOTA (MIOTA) is currently seeing the most growth over the past 24 hours, up almost 7 percent and trading around $1.12 to press time. Bitcoin Cash (BCH) is up a solid 5 percent over the 24-hour period, trading around $766 to press time. Total market capitalization of all cryptocurrencies is now at around $276.6 billion at press time, having gained a vertiginous $13 billion in the space of about two hours earlier today to reach $279.5 billion. Total market capitalization of all cryptocurrencies from CoinMarketCap There has been a recent steady stream of high-profile positive news in the crypto and blockchain space that could account for today's wave of confidence. Two key appointments have been announced, with Facebook's Director of Engineering of three years moving to the same position at the company's recently established blockchain team. Meanwhile, the Winklevoss twins' Gemini crypto exchange has hired former New York Stock Exchange (NYSE) Chief Information Officer Robert Cornis as its first-ever Chief Technology Officer. Bullish news for the global crypto landscape include yet further signs that the government of South Korea -- historically a major crypto market -- is considering easing its hardline stance on cryptocurrencies to establish unified rules with other governments, as well as embracing the wider blockchain space. Positive news has also been forthcoming from some of the world's leading crypto exchanges, with new overseas ventures and expectations of skyrocketing revenue. Huobi, currently ranked third largest crypto exchange by daily trade volumes, opened registration on its newly created U.S.-based "strategic partner" trading platform this Friday, July 6. On July 5, the exchange confirmed trading had opened on its new Australia-based platform, just a week after opening a London-based office targeting the European market. Also this week, Changpeng Zhao, the CEO of the world's top ranked crypto exchange Binance said he "expects" the company's 2018 net profits to reach up to $1 billion.

Crypto Markets Seeing Red, Total Market Cap Down Almost $15 Bln

Jul 10th, 2018

Monday, July 9: crypto markets are mainly seeing red today, with total market capitalization down almost $15 billion from yesterday's high, according to data from Coinmarketcap. Market visualization from Coin360 Bitcoin (BTC) is down 1.49 percent over the 24 hour period, trading at $6,672 at press time, according to the Cointelegraph price index. Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index Ethereum (ETH) has seen bigger losses over the past 24 hours, down 3.46 percent, and trading at around $467 at press time. Ethereum price chart. Source: Cointelegraph Ethereum Price Index Total market capitalization is above $265 billion, down from yesterday's high of $280 billion. Total market capitalization chart. Source: Coinmarketcap EOS has seen the biggest losses over the past 24 hours among the top ten cryptocurrencies. The fifth largest altcoin by market cap is down 11.94 percent, trading at $7.59 at press time. The coin is down over 13 percent in the past week. On July 8, EOS' top block producer, EOS New York, tweeted to notify users that a number of block producers crashed due to RAM overload. In a subsequent comment, EOS New York clarified that "the network is live and did not experience any disruption." Tezos (XTZ) is the one of the few cryptocurrencies that has seen gains over the 24 hour period, up over 9 percent and trading at $2.33 at press time. The Tezos Foundation launched its beta network on June 30, despite existing controversy around the project. Earlier today, three major U.S. economists criticized Bitcoin, arguing that the digital coin will fail as a currency. The financial experts expressed concerns over Bitcoin's volatility and lack of intrinsic value, as well as its anonymous nature, which contradicts the idea of creating "a transparent banking system." The world-known economists claimed that global financial regulators will "use the hammer" once the market "becomes significant" in terms of capitalization.

Ethereum is a platform that is intended to allow people to easily write decentralized applications (Đapps) using blockchain technology. A decentralized application is an application which serves some specific purpose to its users, but which has the important property that the application itself does not depend on any specific party existing. Rather than serving as a front-end for selling or providing a specific party's services, a Đapp is a tool for people and organizations on different sides of an interaction use to come together without any centralized intermediary.

Contracts generally serve four purposes:

- Maintain a data store representing something which is useful to either other contracts or to the outside world; one example of this is a contract that simulates a currency, and another is a contract that records membership in a particular organization.

- Serve as a sort of externally owned account with a more complicated access policy; this is called a "forwarding contract" and typically involves simply resending incoming messages to some desired destination only if certain conditions are met; for example, one can have a forwarding contract that waits until two out of a given three private keys have confirmed a particular message before resending it (ie. multisig). More complex forwarding contracts have different conditions based on the nature of the message sent; the simplest use case for this functionality is a withdrawal limit that is overrideable via some more complicated access procedure.

- Manage an ongoing contract or relationship between multiple users. Examples of this include a financial contract, an escrow with some particular set of mediators, or some kind of insurance. One can also have an open contract that one party leaves open for any other party to engage with at any time; one example of this is a contract that automatically pays a bounty to whoever submits a valid solution to some mathematical problem, or proves that it is providing some computational resource.

- Provide functions to other contracts; essentially serving as a software library.

Contracts interact with each other through an activity that is alternately called either "calling" or "sending messages". A "message" is an object containing some quantity of ether (a special internal currency used in Ethereum with the primary purpose of paying transaction fees), a byte-array of data of any size, the addresses of a sender and a recipient. When a contract receives a message it has the option of returning some data, which the original sender of the message can then immediately use. In this way, sending a message is exactly like calling a function.

Sandwich complexity model: the bottom level architecture of Ethereum should be as simple as possible, and the interfaces to Ethereum (including high level programming languages for developers and the user interface for users) should be as easy to understand as possible. Where complexity is inevitable, it should be pushed into the "middle layers" of the protocol, that are not part of the core consensus but are also not seen by end users - high-level-language compilers, argument serialization and deserialization scripts, storage data structure models, the leveldb storage interface and the wire protocol, etc. However, this preference is not absolute.

Freedom: users should not be restricted in what they use the Ethereum protocol for, and we should not attempt to preferentially favor or disfavor certain kinds of Ethereum contracts or transactions based on the nature of their purpose. This is similar to the guiding principle behind the concept of "net neutrality". One example of this principle not being followed is the situation in the Bitcoin transaction protocol where use of the blockchain for "off-label" purposes (eg. data storage, meta-protocols) is discouraged, and in some cases explicit quasi-protocol changes (eg. OP_RETURN restriction to 40 bytes) are made to attempt to attack applications using the blockchain in "unauthorized" ways. In Ethereum, we instead strongly favor the approach of setting up transaction fees in such a way as to be roughly incentive-compatible, such that users that use the blockchain in bloat-producing ways internalize the cost of their activities (ie. Pigovian taxation).

Generalization: protocol features and opcodes in Ethereum should embody maximally low-level concepts, so that they can be combined in arbitrary ways including ways that may not seem useful today but which may become useful later, and so that a bundle of low-level concepts can be made more efficient by stripping out some of its functionality when it is not necessary. An example of this principle being followed is our choice of a LOG opcode as a way of feeding information to (particularly light client) dapps, as opposed to simply logging all transactions and messages as was internally suggested earlier - the concept of "message" is really the agglomeration of multiple concepts, including "function call" and "event interesting to outside watchers", and it is worth separating the two.

Have No Features: as a corollary to generalization, the dev team often refuses to build in even very common high-level use cases as intrinsic parts of the protocol, with the understanding that if people really want to do it they can always create a sub-protocol (eg. ether-backed subcurrency, bitcoin/litecoin/dogecoin sidechain, etc) inside of a contract. An example of this is the lack of a Bitcoin-like "locktime" feature in Ethereum, as such a feature can be simulated via a protocol where users send "signed data packets" and those data packets can be fed into a specialized contract that processes them and performs some corresponding function if the data packet is in some contract-specific sense valid.

Non-risk-aversion: the dev team is okay with higher degrees of risk if a risk-increasing change provides very substantial benefits (eg. generalized state transitions, 50x faster block times, consensus efficiency, etc)

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Market share 0.00%
Proof type PoW
24h Open $123.30
24h Low $123.19
24h High $137.05
Price in BTC 0.03650870666882 BTC
Current Supply 104,901,504 ETH
Market cap $14,207,859,712
24h Volume (coin) 1,098,011 ETH
24h Volume (currency) $142,680,656
Last updated 2019-02-18 00:58:57 +00:00 GMT
ID Market Type Price Quantity Total
Date Price Volume