ICOs Continue To Liquidate Ethereum (ETH) War Chests Amid “Crypto Winter”

Since 2018’s cryptocurrency “winter” came into existence, tokens generated via initial coin offerings (ICOs) have severely underperformed their macro cap counterparts, namely Bitcoin (BTC) and Ethereum (ETH). This has led a multitude of projects, who formerly relied upon their ICO-funded war chests, to take drastic measures in a bid to stay afloat. ICO-funded Projects Sell 416,000 Ethereum (ETH) In Past 30 Days  According to data gathered by Santiment, relayed through TrustNodes, ICO-funded projects have spent (sold) a jaw-dropping 416,000 ETH in the past 30 days. At the current price of $87, such an…

ICOs Continue To Liquidate Ethereum (ETH) War Chests Amid “Crypto Winter”

Since 2018’s cryptocurrency “winter” came into existence, tokens generated via initial coin offerings (ICOs) have severely underperformed their macro cap counterparts, namely Bitcoin (BTC) and Ethereum (ETH). This has led a multitude of projects, who formerly relied upon their ICO-funded war chests, to take drastic measures in a bid to stay afloat. ICO-funded Projects Sell 416,000 Ethereum (ETH) In Past 30 Days  According to data gathered by Santiment, relayed through TrustNodes, ICO-funded projects have spent (sold) a jaw-dropping 416,000 ETH in the past 30 days. At the current price of $87, such an…

Ethereum (ETH) Network Hits Key Milestone Amid Crypto Bear Market

Ethereum Eclipses 50M Addresses According to data compiled by The Block from Etherscan.io, the number of unique Ethereum addresses (not wallets) has recently surpassed a key, round number milestone at 50 million — a monumental accomplishment for any network. Interestingly, even amid 2018’s dismal unpredictable bear market, the growth of this figure hasn’t slowed (much), as depicted in the graph below. Yet, this statistic’s current growth prospects are a far cry from those seen in early-January 2018, which was when ETH surpassed $1,000, and while demand for DApps and Ethereum (token)…

All Top Cryptos See Gains, Bitcoin Nears $3,300

Sunday, Dec. 16: the top 20 cryptocurrencies are all in the green, seeing a mix of slight to solid gains, with Bitcoin (BTC) hovering over $3,200. Market visualization from Coin360 At press time, Bitcoin is up a little less than two percent over the last 24 hours. On the weekly chart, the current prices are slightly higher than the lowest point, registered on Dec. 15. Bitcoin 7-day price chart. Source: CoinMarketCap Ripple (XRP), the second largest cryptocurrency by market capitalization, gained over two percent in the last 24 hours. It…

Hydro to Fork Coinbase-Listed 0x (ZRX), Get Rid of Crypto Token

The Hydro Foundation has announced its decision to fork the 0x (ZRX) protocol. In a statement signed by CEO Tian Li, who is also the CEO of Ethereum DEX platform DDEX, the company revealed that even though 0x has contributed greatly to the growth of DDEX into one of the largest decentralized exchange (DEX) platforms on Ethereum, the strategic focus of the project has become bogged down by a series of wide-ranging endeavours, while the basic processes underlying the DEX are still plagued by rudimentary problems like low liquidity and order collision.…

Top Stories, Price Movements, Quotes and FUD of the week

Top Stories This Week CEO of Defunct Mt. Gox Exchanges Faces Ten Year Jail Sentence Over Embezzlement Mark Karpeles, the former CEO of now-defunct Japanese Bitcoin exchange Mt. Gox, could be facing a ten-year jail sentence over charges of embezzlement. Karpeles, who headed the exchange during the major hack in 2014 that resulted in the loss of 850,000 BTC ($2.87 billion at press time), has denied any wrongdoing. Prosecutors in a Tokyo court this week have claimed that Karpeles had stolen around $3 million worth of funds from the exchange,…

GP Bullhound sees 2019 bitcoin recovery, credit market crash may help too

Predictions from respected corners of the mainstream financial world – GP Bullhound and Saxo Bank – could be good news for the crypto industry and its status as a valid and profitable asset class. US advisory and investment firm, GP Bullhound (GPB), under the subhead “Cryptocurrency will Grow Up”, concurs with the balance of opinion among analysts covering crypto, that institutional money will lead the recovery. GPB’s prediction report is bullish: “We are yet to see the best of cryptocurrencies. Blockchain activity is picking up with even traditional financial institutions…

EOS, Binance Coin, TRON, Litecoin, Bitcoin

In December 2017, the market participants were eagerly waiting for the total crypto market capitalization to touch $1 trillion. Fast forward to December 2018, and the total market capitalization is struggling to hold on to the $100 billion mark. This shows the complete change in sentiment in the past one year: last year, it was fear of missing out and this year it is fear of losing all the money invested in cryptocurrencies. During extremes of the bull or the bear phase, the markets overshoot and undershoot the technical targets…

New White House Bitcoin Supporter Unlikely to Cause a Crypto Stir

New White House Bitcoin Supporter Unlikely to Cause a Crypto Stir December 16, 2018 by William Peaster This week President Donald Trump tapped Mick Mulvaney, his administration’s budget director, to serve as acting White House chief of staff. Notably, Mulvaney has made past comments that suggested strong support for bitcoin. But anyone expecting Mulvaney to be an impactful White House bitcoin crusader should have their doubts, practically speaking.  Also see: Meet Hydro: Large Relayer Forking 0x, Axing ZRX Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Mulvaney…

Report: There have been 13 million cryptojacking ​attempts this year says Kaspersky

Crypto asset security is of vital importance According to reports coming from the cybersecurity firm known as Kaspersky, it has been found that most crypto attacks are carried out in Turkey, Africa and in the Middle East regions. The problem that these countries are having is crypto jacking, which is having malicious activities which involve the mining of cryptocurrencies through the gathering computer resources from unsuspecting users.  The hijacking of resources from a computer itself in order to mine cryptocurrencies is not completely outrageous. However, users are expected to get paid for their resources…