Data Shows Millions Leaving Crypto Wallets Tied to Long-Troubled Exchange

The world’s largest cryptocurrency exchange Binance has frozen accounts that received more than 93,000 ether from two wallets indirectly linked to the troubled Russian exchange WEX. The accounts were frozen on October 25, Leah Li, a spokeswoman for Binance, told CoinDesk. The action was taken in response to pleas from WEX users who have been […]

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Ethereum’s Constantinople Upgrade Stalls on Test Network

UPDATE 18:27 UTC, 10/13/18: Block creation on Ropsten testnet continues to feature zero transactions, indicating Constantinople may have failed to activate. UPDATE 17:36 UTC, 10/13/18: Block 4,230,000 has been mined, but features zero transactions. Ethereum’s main test network, Ropsten, is currently at a standstill. Code for ethereum’s upcoming hard fork, dubbed Constantinople, was set to be activated on […]

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When Blockchains Go Down: Why Crypto Outages Are on the Rise

Berniesanders (not to be confused with former presidential candidate and Vermont Senator Bernie Sanders) is an institution on blockchain-based blogging platform Steemit. Steemit allows content creators to earn crypto – at least, crypto that’s native to the Steem blockchain, of which there are three – for popular posts. While recent successes include waffle recipes, romantic […]

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Momentum Is Building to Block Ethereum ASICs

Several ethereum miners and developers have come forward with the goal of stopping specialized mining hardware from effectively operating on the network. Underway since April, the controversy surrounding application-specific integrated circuits (or ASICs) on ethereum rose after news broke last Thursday of a new line of specialized mining hardware that claims to generate more than six times […]

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Ether Records Highest Daily Trading Volume in 12 Months

Daily trading volume for ethereum’s ether (ETH) token hit a 12-month high on Thursday. The second-largest cryptocurrency witnessed a 24-hour trading volume of $850,000 yesterday – the highest level since September 15, according to Bitfinex data.  Further, the current weekly volume of $2.9 million is the highest since mid-December. Meanwhile, 24-hour trading volume across all […]

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FOAM Is Live: Decentralized World Map Launches on Ethereum

One of the year’s most hotly anticipated blockchain applications is now live. FOAM, which aims to build a reliable, resilient world map using smart contract technology, announced that the decentralized application (dapp) has launched on the ethereum blockchain and is already “seeing the first users populate the map.” Speaking to CoinDesk in June, FOAM co-founder […]

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Ether Shorts Hit Another Record High as Price Sinks

There seems to be no end in sight for the sell-off in ether markets, as the number of short orders placed on the second-largest cryptocurrency by market capitalization hit a fresh record high on Wednesday. The ETH/USD shorts on Bitfinex exchange clocked a new high of 248,247, beating the previous record high of 247,611 set last Friday. […]

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The Big Legal Issue Blockchain Developers Rarely Discuss

Mark Radcliffe and Victoria Lee are partners at the law firm of DLA Piper.  Software licensed under open source licenses (OSS) is fundamental to the success of blockchain projects. Such licenses permit collaborative, decentralized development, encourage swift adoption by users and enable the community to “fork” the project to resolve strategic disputes. In fact, OSS […]

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Crypto Bulls Fighting Back? Market Sees Green After Sell-Off

The cryptocurrency market is flashing green Wednesday following a major downturn, with the total capitalization rising more than $11 billion on a 24-hour basis. The signs of a turnaround emerge in the wake of a rough patch for the market, during which it hit its lowest point for 2018, as CoinDesk previously reported. At press time, […]

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Below $300: Ether Price Hits New Low for 2018

Ether, the world’s second-largest cryptocurrency by market capitalization, fell to its lowest price of 2018 on Monday. At 16:50 UTC during Monday’s trading session, the cryptocurrency fell below $300 dollars for the first time since November 12, 2017, according to CoinDesk’s Ethereum Price Index (EPI).  ETH was last seen trading at an average price of […]

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