Ethereum inventor wants to replace pregnant women with synthetic wombs – The Next Web

Crypto bros never tire of sharing their utopian visions, but their big brain ideas arent always embraced by the proles.

Vitalik Buterin, the co-founder and inventor of Ethereum, has become the latest victim of this insolence.

The 27-year-old had pitched a bold solution to the gender pay gap: synthetic wombs.

Synthetic wombs would remove the high burden of pregnancy, significantly reducing the inequality, he tweeted on Tuesday.

The proposal gained support from several tech bros but incurred the wrath of feminists.

They argued that biological gestation isnt the main barrier to gender equality. Instead, they pointed to the high costs of childrearing, limited governmental support, and widespread sexism.

Some pointed to the positive aspects of pregnancy or suggested that Buterin was disconnected from reality.

Buterins technoutopian solution emerged in a discussion started by the ultimate tech visionary: the self-described utopian anarchist, Elon Musk.

The Tesla tycoon had been expressing his long-held concerns about population collapse:

We should be much more worried about population collapse If there arent enough people for Earth, then there definitely wont be enough for Mars.

Synthetic wombs would presumably provide Musk with the workers that his Martian colony requires.

Musk and Buterin have several things in common. Both have founded lionized companies, joined the billionaires club, and cultivated the image of brilliant polymaths.

The duo is also capable of laughing at themselves in a weirdly self-aggrandizing sort of way.

Buterin last week asked for the most unhinged criticisms of him on Twitter. After 20 hours, hed received over 2,400 responses.

HT Molly White

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Ethereum inventor wants to replace pregnant women with synthetic wombs - The Next Web

What Is Ethereum And How Does It Work? Forbes Advisor

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations.

Ethereum is often referred to as the second most popular cryptocurrency, after Bitcoin. But unlike Bitcoinand most other virtual currenciesEthereum is intended to be much more than simply a medium of exchange or a store of value. Instead, Ethereum calls itself a decentralized computing network built on blockchain technology. Lets unpack what that means.

Like all cryptocurrencies, Ethereum works on the basis of a blockchain network. A blockchain is a decentralized, distributed public ledger where all transactions are verified and recorded.

Its distributed in the sense that everyone participating in the Ethereum network holds an identical copy of this ledger, letting them see all past transactions. Its decentralized in that the network isnt operated or managed by any centralized entityinstead, its managed by all of the distributed ledger holders.

Blockchain transactions use cryptography to keep the network secure and verify transactions. People use computers to mine, or solve complex mathematical equations that confirm each transaction on the network and add new blocks to the blockchain that is at the heart of the system. Participants are rewarded with cryptocurrency tokens. For the Ethereum system, these tokens are called Ether (ETH).

Ether can be used to buy and sell goods and services, like Bitcoin. Its also seen rapid gains in price over recent years, making it a de-facto speculative investment. But whats unique about Ethereum is that users can build applications that run on the blockchain like software runs on a computer. These applications can store and transfer personal data or handle complex financial transactions.

Ethereum is different from Bitcoin in that the network can perform computations as part of the mining process, says Ken Fromm, director of education and development at the Enterprise Ethereum Alliance. This basic computational capability turns a store of value and medium of exchange into a decentralized global computing engine and openly verifiable data store.

You can use Ether as a digital currency in financial transactions, as an investment or as a store of value. Ethereum is the blockchain network on which Ether is held and exchanged. As mentioned above, however, this network offers a variety of other functions outside of ETH.

These can be simple movements of funds, but they may also be complex transactions that do anything from exchanging assets to taking out loans to acquiring a piece of digital art, says Boaz Avital, head of product at Anchorage. The transactions are processed and stored on the Ethereum network.

The Ethereum network can also be used to store data and run decentralized applications. Rather than hosting software on a server owned and operated by Google or Amazon, where the one company controls the data, people can host applications on the Ethereum blockchain. This gives users control over their data and they have open use of the app as theres no central authority managing everything.

Perhaps one of the most intriguing use cases involving Ether and Ethereum are self-executing contracts, or so-called smart contracts. Like any other contract, two parties make an agreement about the delivery of goods or services in the future. Unlike conventional contracts, lawyers arent necessary: The parties code the contract on the Ethereum blockchain, and once the conditions of the contract are met, it self-executes and delivers Ether to the appropriate party.

Bitcoins primary use is as a virtual currency and store of value. Ether also works as a virtual currency and store of value, but the decentralized Ethereum network makes it possible to create and run applications, smart contracts and other transactions on the network. Bitcoin doesnt offer these functions. Its only used as a currency and store of value.

Ethereum also processes transactions more quickly. New blocks are validated on the Bitcoin network once every 10 minutes while new blocks are validated on the Ethereum network once every 12 seconds, says Gary DeWaal, chair of Kattens Financial Markets and Regulation group. And future developments could speed up Ethereum transactions even more, he notes.

Last, there is no limit on the number of potential Ether tokens while Bitcoin will release no more than 21 million coins.

Its a common misconception to people who are new to the Ethereum network. You dont buy Ethereum itselfthats the network. Instead, you buy Ether and then use it on the Ethereum network. Given Ethereums popularity, its very easy to buy Ether:

You might consider investing in the Ethereum network for a few reasons, according to DeWaal. First, it has value and use as a virtual currency; second, the Ethereum blockchain could become more attractive when it migrates to the new protocol; and third as more people utilize Ethereum distributed apps, demand for ETH may increase, he says.

Besides buying Ether directly, you could also try investing in companies that are building applications using the Ethereum network. If youd like help managing your investment, you could also buy into a professional investment fund like the Bitwise Ethereum Fund or Grayscale Ethereum Trust, though these are currently only open to accredited investors.

Before making any significant investment in Ether or other cryptocurrencies, consider speaking with a financial advisor first about the potential risks. Given the high risk and volatility in this market, make sure its money you can afford to lose, even if you believe in Ethereums potential.

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What Is Ethereum And How Does It Work? Forbes Advisor

How Ethereum’s Next Big Upgrade Could Boost Its Value – The Motley Fool

Ethereum (CRYPTO:ETH)- the world's second-largest cryptocurrency, and the most popular smart contract and decentralized application network -- just changed the way it pays the people who maintain its network, in ways that could make it an even more appealing investment. When the next major evolution in its upgrade roadmap occurs, this change could reduce its supply and increase its value. That might be great news for investors seeking to hedge against inflation.

Since Aug. 5, a portion of the fees paid by users of Ethereum's network, which used to go toward making new coins with which to pay miners, has instead been burnt or destroyed. A total of 177,424 ETH, worth around $672 million at the time of writing, has been taken out of circulation since the upgrade, leaving 117.3 million tokens in circulation according to CoinMarketCap. By taking coins out of circulation, this change could make each existing coin more valuable.

Ethereum is currently produced by miners under a proof-of-work consensus mechanism that consumes a lot of energy, just like Bitcoin (CRYPTO:BTC) production. It has a variable annual inflation rate of around 2.8% at the moment -- but it'll issue fewer new coins when it upgrades its network to a staking-based consensus.

Image source: Getty Images.

Instead of solving tough math problems to keep the network running smoothly -- and getting rewarded for it -- Ethereum holders will be able to do the same things by storing away, or staking, some or all of their tokens. Around 6.2% of the circulating supply, or 7.4 million ETH tokens worth an estimated $28 billion, have already been staked. That staked ETH is currently earning an annual percentage yield of 5.8%, way more than any bank.

Once Ethereum's major upgrade occurs sometime in late 2021 or early 2022, one simulation estimates that the circulating supply of Ethereum could shrink by around 1.4% each year at current rates of fee burning. In theory, that might reduce the value of each token by an equal proportion. This means that the circulating supply of the asset will shrink.

Bitcoin is currently viewed as a store of value, or a safe haven asset to hedge against inflationary fiat currencies. But Ethereum is more of an economy -- a fledgling financial landscape for the internet.

Aside from staking, Ethereum is also the foundation for decentralized finance protocols, many of which are based on Ethereum and its smart contracts. These smart contracts, which run on the blockchain and execute when predetermined conditions are met, are also used to build decentralized applications (dApps).

Investors currently have 7.7 million ETH, or $29 billion, locked up in DeFi protocols for token swapping, yield farming, or liquidity mining. This is where token holders can provide collateral in crypto assets to earn more crypto assets.

Ethereum is also the standard for the majority of nonfungible tokens, or NFTs, which have been booming in sales this year. NFTs are unique tokens on the blockchain that prove ownership; they can represent art, music, gaming items, avatars, and even real estate.

Additionally, Ethereum is the base layer for stablecoins -- digital assets pegged to a fiat currency. Around half of the world's most popular stablecoin, Tether (CRYPTO:USDT), is based on the Ethereum standard, with $34 billion worth residing on the network.

There's just one drawback to Ethereum's current popularity: Rising demand has inflated network fees, with the average transaction now costing $40. The currency's upcoming upgrade includes other improvements designed to lower those fees and speed up transactions, but for now, the higher fees make it harder for people and other apps to actually use Ethereum.

Ethereum's strengths compared to Bitcoin have driven Ethereum prices 400% higher since the beginning of 2021, compared to just 70% for Bitcoin.

Major institutions such as Grayscale have taken notice, and they're loading up on ETH. Institutional funds offer wealthy clients exposure to the asset without requiring them to hold it, and Grayscale currently holds $10 billion worth of ETH in its Ethereum Trust (OTC:ETHE).

Even some of the big Wall Street banks have leaned bullish on Ethereum. In July, analysts at investment bank Goldman Sachs said that Ethereum's real use cases give it the potential to become the dominant digital store of value in the coming years.

The network may also be viewed as a more environmentally friendly investment when it moves away from mining, which looks good to eco-conscious corporations.

Coupled with the prospect of supply deflation, these factors could drive an uptick in demand and prices. That trend might only grow stronger if the COVID-19 pandemic spurs inflation and currency devaluations on a global scale.

Increased regulation in the U.S., such as the controversial crypto tax reporting bill, could stifle innovation and mainstream Ethereum adoption in the short term. There is also the threat of faster rival blockchains such as Cardano or Polkadot becoming the de facto standard for smart contracts, DeFi, and dApps.

These networks have gained traction recently as the crypto ecosystem expands, but Ethereum has already cemented itself as the industry standard, just as IBM did with computing in the early 1980s. With so many platforms already running on Ethereum, and it having the largest support and developer community, it will be no mean feat to knock the network off its perch.

With this in mind, now might not be a bad time to buy and hold Ethereum for at least couple of years.

This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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How Ethereum's Next Big Upgrade Could Boost Its Value - The Motley Fool

Bitcoin vs. Ethereum: Which One Is the Right Investment …

Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) have had a rollercoaster of a year so far. Over the past 12 months, Bitcoin's price has surged by nearly 300%, and Ethereum is up by more than 900% -- and that's despite the massive downturn they've both experienced over the past few weeks.

Now that cryptocurrency prices are falling, it can be a smart opportunity to "buy the dip" and invest in Bitcoin or Ethereum while they're more affordable. But if you have limited funds available to invest, which cryptocurrency will give you more for your money? Here's what you need to know.

Image source: Getty Images.

Bitcoin is one of the original cryptocurrencies, and it has, by far, the most name recognition among the public.

If any cryptocurrency is going to succeed, it's going to need to earn widespread adoption among sellers. Because Bitcoin is the most recognized cryptocurrency, it already has an advantage in that department. More than 15,000 companies worldwide accept Bitcoin as a form of payment, according to Fundera, and the more merchants adopt Bitcoin, the better chance it has at becoming a mainstream form of payment.

In addition, Bitcoin is known as a deflationary currency, meaning it should only increase in value over time. This could give it a leg up over fiat currencies -- such as the U.S. dollar -- that are subject to inflation.

The biggest risk involved in any cryptocurrency is that it's highly speculative at this point. While thousands of businesses do accept Bitcoin, the vast majority of sellers are not on board with cryptocurrency yet. Right now, it's anyone's guess whether Bitcoin will eventually become widely accepted. And if it doesn't become mainstream, it could eventually become worthless.

Another downside to Bitcoin is its energy consumption. The Bitcoin mining process uses an incredible amount of computing power, which is an energy-intensive process. In fact, Bitcoin transactions currently consume more energy than the entire country of Venezuela, according to a study from the University of Cambridge.

That energy usage is already causing concern among regulators and investors, and Tesla recently announced it was suspending Bitcoin as a form of payment because of its energy consumption.

Image source: Getty Images.

Ethereum is a blockchain technology that hosts a native coin called Ether. Ethereum is one of the biggest names in the blockchain space, and there is a wide variety of projects hosted on the Ethereum blockchain.

Decentralized finance, for example, uses the Ethereum blockchain, and so do non-fungible tokens (NFTs). Ethereum is an open-source technology that allows developers from all over the world to create new applications on the blockchain, and if any of those new projects succeed, Ethereum (and Ether) will benefit from it as well.

Developers can also create "smart contracts" on the network, which allow users to perform safe and credible transactions without help from a third party, such as a lawyer. Smart contracts could revolutionize a variety of industries, giving Ethereum an advantage over its competitors.

Finally, developers are working on an update to the Ethereum blockchain to make it far more energy-efficient. The new technology, Ethereum 2.0, will be released later this year and is expected to use 99.95% less energy than the current technology.

Again, cryptocurrencies are highly speculative, so there's no guarantee that Ethereum or Ether will become widely adopted. Ethereum also doesn't have as much name recognition as Bitcoin, so if merchants only accept one form of cryptocurrency, they may be more likely to accept Bitcoin than Ether.

Similarly, there are no promises that blockchain will be as revolutionary as some people may believe. Because Ethereum's biggest advantages lie in its blockchain technology, if blockchain itself doesn't pan out, Ethereum could suffer for it.

Cryptocurrency in general is a high-risk investment, so before you invest at all, make sure you're willing to tolerate the high levels of risk and volatility.

While neither of these cryptocurrencies is necessarily a "safe" investment, Bitcoin may carry less risk than Ethereum because it has a longer track record and greater name recognition. However, Ethereum may have more opportunities for growth over time.

Whichever option you choose, make sure you've done your research and are comfortable with risk. Cryptocurrency isn't right for everyone, but choosing the right investment can help you make the most of your money.

This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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Bitcoin vs. Ethereum: Which One Is the Right Investment ...

Bitcoin price dips to around $47,800 while Ethereum on the rise – Fox Business

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Bitcoin was trading 0.78% lower Tuesday morning.

The price was around $47,789 per coin, while rivals Ethereum and Dogecoin were trading around $3,350 (+4.74%) and 27.5 cents (-2.30%) per coin, respectively, according to Coindesk.

PAULSON SAYS CRYPTOCURRENCIES WILL EVENTUALLY BE WORTHLESS

Hackers reportedly are using the non-custodial, privacy-focused Wasabi wallet to protect around $97 million in cryptocurrency which was stolen from the Liquid exchange, sleuthing firm Crystal Blockchain reported.

Bitcoin was trading 0.78% lower Tuesday morning, while Ethereum was up 4.74% and Dogecoin was down 2.30%. (iStock)

Bitcoin from Liquid belonging to the hackers has been shuffled around over the past two weeks, public blockchain data shows. For example, on Aug. 29, 100 BTC (worth more than $4.8 million) from one hacker-linked address was split up and sent to two separate addresses, then spilt up again into smaller pieces before moving to other addresses.

In other cryptocurrency news, lending startup Parallel Finance raised $22 million in a Series A funding round valuing the polkadot- and kusama-focused decentralized finance (DeFi) protocol at $150 million, Coindesk reported.

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The round, one of the single-largest hauls for a project building on Polkadots multi-chain network, comes only months after Parallels $2 million pre-seed round of funding. Polychain Capital led the round with participation from Lightspeed Venture Partners, Slow Ventures, Blockchain Capital and Alameda Research.

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Bitcoin price dips to around $47,800 while Ethereum on the rise - Fox Business

Everything you wanted to know about ethereum but were too afraid to ask – MoneyWeek

Ive lost count of the number of times people have asked me to explain what bitcoin is over the years, but I dont think anyone has ever asked me to explain ethereum.

Probably because, by the time Ive finished with bitcoin, their eyes have glazed over and they want to save themselves another earful.

But today we ask what is ethereum?

If you thought explaining bitcoin was hard...

Ethereum has been, by market cap, the second-largest cryptocurrency since 2018. Its the brainchild of Russian-Canadian programming prodigy, Vitalik Buterin, who first proposed the idea in a white paper in 2013.

Buterin had already been into bitcoin for several years by this point. He first found out about bitcoin from his dad, a computer scientist, in 2011, at the age of just 17, while he was at university (he would soon drop out). He went on to found Bitcoin Magazine that same year.

Just to make you feel inadequate, Buterin is still only 27 and is a billionaire many times over so many times over that hes already given away over $2bn in philanthropy.

Philosophically, Buterin is pretty hardcore techno-libertarian. In 2018 he authored a paper with economist Glen Weyl called Liberation Through Radical Decentralisation, in which he proposed ways to harness markets and technology to radically decentralise power of all sorts and shift our reliance from authority and to formal rules.

In 2019 his paper, A Flexible Design for Funding Public Goods, written with Harvard PhD student Zoe Hitzig, sets out a new method for the optimal provision of public goods and services, using quadratic voting a more nuanced system of voting that allows for a much more direct system of democracy than current representative systems.

Buterin published his ethereum white paper in 2013. He chose the name after browsing a list of elements on Wikipedia. It sounded nice, he said, and had the word ether, referring to the hypothetical invisible medium that permeates the universe and allows light to travel.

He announced the project in 2014 at the North American Bitcoin Conference and development began with an all-star founding team that included Anthony Di Iorio, Charles Hoskinson (founder of Cardano), Mihai Alisie and Amir Chetrit, and soon after Joseph Lubin, Gavin Wood, and Jeffrey Wilcke.

They raised money to found the project via crowdfunding in the summer of that year. By that point, Buterin was already regarded in crypto coding circles as a prodigy.

I remember being invited to participate in that funding, but got annoyed by how badly the project was explained that I didnt go ahead. Duh!

The project eventually went live in 2015 and, despite numerous setbacks, including a $50m hack after a $150m crowdsale and numerous forks, the project must be deemed to have been a huge success.

The ethereum market cap is some $400bn. Ether, the currency that changes hands over the ethereum network, has gone from below a dollar in late 2015 to $3,500 today.

The founding principle of the project was to use blockchain technology for purposes beyond an alternative system of digital money. Bitcoin has its blockchain, so does ethereum a separate network altogether, using similar distributed ledger technology (aka blockchain) to verify and record transactions.

Like most crypto currencies, ethereum is an open source platform. Ether is used and accepted as a means of payment, but that is not really the purpose of ethereum.

Charlie Morris of Byte Tree likens it to a decentralised App Store. Developers can use the platform to build and publish smart contracts and distributed applications (dApps), and it is a kind of marketplace for financial services (Defi), NFTs (non-fungible tokens), games, and apps, all of which can be paid for in ether.

Hence why it is known as the worlds programmable blockchain. It can be used, it claims, to codify, decentralise, secure, and trade just about anything.

So coders can deploy decentralised applications onto the ethereum blockchain. These become immutable and permanent, and users can interact with them.

Decentralised finance (DeFi) applications allow for all sorts of financial services decentralised exchanges, for example, or borrowing and lending systems without the need for typical financial intermediaries such as banks or brokerages.

Ethereum allows for the creation and trade of NFTs tokens which are connected to digital works of art and other forms of digital property.

Many use the platform for initial coin offerings, and many cryptocurrencies actually operate on the ethereum blockchain (as what are known as ERC-20 tokens). DAOs digital autonomous organisations are taking shape on the platform.

So, all in all, ethereum has found plenty of use, and it has been a fantastic means to play the incredible innovation taking place in this sector.

One of my close bitcoin original gangster mates, who in this instance Im sure would rather not be named, is forever saying to me, ethereum should fail and its a mystery to me why it doesnt.

Many feel the same way. The blockchain is not nearly as robust as bitcoins; ethereum is not properly decentralised, and the numerous forks that have taken place in reaction to hacks prove this, say critics they would not be possible with a properly decentralised platform. Too many coins were pre-mined and handed out to founders. Ethereum 2.0 has met with delay after delay. Transaction costs, known as gas fees, are exorbitant (I can vouch for this). At times they cost several hundred dollars, when they should cost pennies. Its a ticking time bomb, say critics.

Maybe. Ethereum has numerous competitors Binance Smart Chain, Polkadot, Cardano, Terra, and Solana, for example. Cardano and Solana have both had extraordinary runs, the latter just in recent weeks. Many of these are technologically superior, say critics faster, more robust. Certainly they dont have exorbitant gas fees.

But the one thing they dont have is the network of users. Ethereum has that. It is the first coin the general public thinks of after bitcoin, even if they cant pronounce it properly. That is what first-mover advantage often gives you.

But that is the market. Everyone submits their offering, makes their argument and price is the outcome. The best man doesnt always win.

Ethereum is second only to bitcoin. Its had a great year, on the back of several great years. Its like silver to bitcoins gold as well as having many more uses, it is more volatile. It often moves later in the cycle but by more, but when the correction comes it gets hit by more too.

In late 2015 it traded as low as $0.42. It went all the way to $1,400 by early 2017. It then lost 95% of its value and plummeted to $80. In the correction of this year, it lost over 60%. But the bottom line is that it began 2021 below $800 and now its over four times higher at $3,500.

The direction is up. But for how much longer?

Daylight Robbery How Tax Shaped The Past And Will Change The Future is now out in paperback at Amazon and all good bookstores with the audiobook, read by Dominic, on Audible and elsewhere.

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Everything you wanted to know about ethereum but were too afraid to ask - MoneyWeek

TA: Ethereum Bulls Keeps Pushing, Why Rally Isnt Over Yet – NewsBTC

Ethereum started a steady increase and it cleared $3,400 against the US Dollar. ETH price is showing positive signs and it might accelerate further above $3,500.

Ethereum formed a base above the $3,250 level and started a steady increase. ETH price was able to clear the $3,350 and $3,380 resistance levels.

It even surged above the $3,400 zone and settled well above the 100 hourly simple moving average. A high was formed near $3,477 before there was a downside correction. The price corrected lower below $3,400, but the bulls were active near $3,350.

It formed a low near $3,340 and started a fresh increase. Ether traded above the 50% Fib retracement level of the recent decline from the $3,477 swing high to $3,340 low.

It is now trading above $3,400 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $3,425 on the hourly chart of ETH/USD. The pair is attempting a break above the 76.4% Fib retracement level of the recent decline from the $3,477 swing high to $3,340 low.

If the bulls succeed, there could be more gains above the $3,480 resistance. The next main resistance is near the $3,500 level. A clear break above the $3,500 resistance might open the doors for another increase. In the stated case, ether may possibly rise towards the $3,600 level.

If ethereum fails to continue higher above the $3,480 and $3,500 resistance levels, it could start a downside correction. An immediate support on the downside is near the $3,435 level.

The next major support is now forming near the $3,425 zone and the trend line. A downside break below the trend line could spark a sharp decline. In the stated scenario, ether price could revisit the $3,350 support region.

Technical Indicators

Hourly MACD The MACD for ETH/USD is now gaining pace in the bullish zone.

Hourly RSI The RSI for ETH/USD is now above the 50 level.

Major Support Level $3,350

Major Resistance Level $3,500

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TA: Ethereum Bulls Keeps Pushing, Why Rally Isnt Over Yet - NewsBTC

After Ethereum, it was Ethereum Classics turn to survive the Geth exploit – AMBCrypto News

Ethereum Classic has become the latest victim of the Geth exploit which had also afflicted Ethereum about a week ago. The exploit certainly managed to create trouble for the network. How badly was ETC affected by this exploit?

On September 3, the ETC mainnet split due to the exploit which had previously affected the Ethereum mainnet on August 27. This was the result of an attacker discovering an exploit on the Go Ethereum client which impacted the older versions of the client. This led the blockchain to undergo an unplanned hard fork.

As per data, soon after the split occurred, over 20% of the mainnets hash rate witnessed a drop.

This declinelikely came from miners or pools which had been using the unpatched version of Coregeth. In the while that it took for the patch to arrive, the network had already taken a hit. NVT ratio showed that the network value went down, following the exploit.

But more than that, the effect on miners also disturbed the issuance rate of ETC. Issuance saw a fall to its single-day lowest in 2 months to 20.3k ETC.

Investors were not affected much by this bug since nodes were updated soon after. For the most part, they did not witness any major negative impact. Active addresses rose to 37.7k. Daily volumes were intact too, jumping to $228 million.

Overall, the Geth exploit does not seem like a major concern. Taking a cue from Ethereums experience with the Geth exploit, the Ethereum Classic network will likely remain unimpacted. Ethereum Classics future looks safe from an investment point of view

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After Ethereum, it was Ethereum Classics turn to survive the Geth exploit - AMBCrypto News

Ethereum Is Dragging Other Crypto Assets Higher, According to Chainalysis CEO Heres Why – The Daily Hodl

Chainalysis CEO Michael Gronager says that fundamental changes in Ethereum are contributing to the growth of other crypto assets, particularly in one subsector.

In an interview on Bloomberg Technology, the head of the blockchain data platform explains that Ethereum (ETH) has seen large price appreciation over the past few weeks largely due to protocol changes and growth in the network, as well as decentralized finance (DeFi).

Basically we see Bitcoinweve seen Ethereum grow a lot over the last couple of weeks, and then about a month ago we saw bigger platform changes to Ethereum. The network got stabilized [and] got better in various ways. So I think that facilitated more trust in Ethereum as a whole.

On top of that, weve seen the trend of DeFi thats been growing and growingthats been pumping the interest in Ethereum, and Ethereum is then dragging along a lot of the other cryptocurrencies with it.

According to DeFi Pulse, 120 of the largest DeFi platforms reside on Ethereum, highlighting the correlation between the emerging crypto subsector and the leading smart contract protocol. DeFi Pulse also shows that the total value locked in the decentralized finance space is currently at an all-time high, closing in on $100 billion.

Along with Chainalysis, Gronager is also co-founder of the crypto exchange platform Kraken. The interviewer notes how Kraken CEO Jesse Powell sees a bullish future ahead for Bitcoin, predicting a breach past $100,000 before the end of the year.

When asked if Gronager shares Powells same bullish sentiment about Bitcoin and the overall crypto market, he agrees and adds that $100,000 could just be a pit stop before pushing to even higher prices.

I would say that for most of the cryptocurrencies, like Bitcoin, Ethereum, the more stable ones, were definitely seeing a trend where they grow year over year, and sometimes they grow faster than others. Sometimes its a bull market. Sometimes its a bear market. In the bear market, a lot of interesting things are being built and that basically facilitates a new bull market.

So yes, I think we are still in the bull market. I think that we can see above $100,000 by the end of the year. So I would be bullish on that as well. Long term, yeah, I would probably usually say Moon is the limit. We can go beyond [$100,000] as well so that we can see way higher prices for all of those assets.

Currently, Bitcoin is trying to push beyond the $50,000 level, trading at $49,780.

I

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Ethereum Is Dragging Other Crypto Assets Higher, According to Chainalysis CEO Heres Why - The Daily Hodl

Ethereum Bull Cycle Long Way From Over, According to Crypto Analyst Benjamin Cowen Heres His Price T… – The Daily Hodl

Cryptocurrency analyst Benjamin Cowen believes Ethereums bull cycle is just getting started.

Cowen tells his 522,000 YouTube subscribers that the current trajectory of the second-largest cryptocurrency looks similar to early 2016 and 2017, which ended up being periods of consolidation preceding large moves to the upside.

Ethereums market cap is approximately $417 billion at the time of writing, according to CoinGecko, and Cohen says hes looking for it to rise above the $1 trillion mark.

During this market cycle I expect Ethereum to be able to get to the $10,000 mark, plus or minus a few [thousand]. Ideally, itd be nice if we could overshoot the 10k mark, but we always have to be prepared for anything.

According to Cowen, Ethereum may be entering a new normal that sees the crypto asset rising steadily.

And whats going on over here [around the $3,500 price], where we currently are, in my even perhaps naive interpretation is I feel like were getting accustomed to the new normal. My thoughts are that Ethereum is having to get accustomed to the new normal and it can take a while to get accustomed to the new normal.

You might look at this and say well, Ben I mean its up from $1,700 to $3,400 is that not a 2X move? It is and thats great and we want to see it and we need to spend time at these levels and prove to the market that this is the new normal before we can decisively move to a $5,000 ETH, the $6,000 ETH and higher.

Featured Image: Shutterstock/Ongky Ady Widyanto

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Ethereum Bull Cycle Long Way From Over, According to Crypto Analyst Benjamin Cowen Heres His Price T... - The Daily Hodl

Ethereum Classic Is On The Verge Of A Breakout: Could This One Be Bigger Than The Last? – Benzinga – Benzinga

Ethereum Classic (CRYPTO: ETC) is trading higher Friday, moving higher alongside the rest of a bullish crypto market.

Ethereum Classic looks to be on the verge of a breakout. The last time the crypto broke out it ran to a high of $175. Theres a chanceif the crypto sees another breakout the sameresult could happen.

Ethereum Classic was up 5.01% at $70.97 at last check.

Bullish traders want to see Ethereum Classic break above resistance and push higher. Ethereum Classic has run to over $175 in the past so it isnt impossible for it to do it again. Bulls would like to see some consolidation after a breakout for possible further moves.

Bearish traders would like to see Ethereum Classic fall below the cup pattern and start to fall further. Bears would like to see the crypto start heading down toward the possible $40 support level. Eventually, bulls would like to see the crypto fall below the $40 level.

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Ethereum Classic Is On The Verge Of A Breakout: Could This One Be Bigger Than The Last? - Benzinga - Benzinga

Offchain Labs raises $120 million to fix Ethereums shortcomings with its Arbitrum product – TechCrunch

As the broader crypto world enjoys a late summer surge in enthusiasm, more and more blockchain developers who have taken the plunge are bumping into the blaring scaling issues faced by decentralized apps on the Ethereum blockchain. The network has seen its popularity explode in the past year, but its transaction volume has stayed frustratingly stable as the network continues to operate near its limits, leading to slower transaction speeds and hefty fees on the crowded chain.

Ethereums core developers have been planning significant upgrades to the blockchain to rectify these issues, but even in the crypto worlds early stages, transitioning the network is a daunting, lengthy task. Thats why developers are looking to so-called Layer 2 rollup scaling solutions, which sit on top of the Ethereum network and handle transactions separately in a cheaper, faster way, while still recording the transactions to the Ethereum blockchain, albeit in batches.

The Layer 2 landscape is early, but crucial to the continued scalability of Ethereum. As a result, theres been quite a bit of passionate chatter among blockchain developers regarding the early players in the space. Offchain Labs has been developing one particularly hyped rollup network called Arbitrum One, which has built up notable support and momentum since it beta-launched to developers in May, with about 350 teams signing up for access, the company says.

Theyve attracted some high-profile partnerships, including Uniswap and Chainlink, which have promised early support for the solution. The company has also quickly piqued investor interest. The startup tells TechCrunch it raised a $20 million Series A in April of this year, quickly followed up by a $100 million Series B led by Lightspeed Venture Partners, which closed this month and valued the company at $1.2 billion. Other new investors include Polychain Capital, Ribbit Capital, Redpoint Ventures, Pantera Capital, Alameda Research and Mark Cuban.

Offchain Labs co-founders Felten, Goldfeder and Kalodner. Image Credits: Offchain Labs

Its been a fairly lengthy ride for the Arbitrum technology to public access. The tech was first developed at Princeton you can find a YouTube video where the tech is first discussed in earnest back in early 2015. Longtime professor Ed Felten and his co-founders CEO Steven Goldfeder and CTO Harry Kalodner detailed a deeper underlying vision in a 2018 research paper before licensing the tech from Princeton and building out the company. Felten previously served as the deputy U.S. chief technology officer in the Obama White House, and alongside Goldfeder authored a top textbook on cryptocurrencies.

After a lengthy period under wraps and a few months of limited access, the startup is ready to publicly launch the Arbitrum One mainnet, they tell TechCrunch.

This teams scaling solution has few direct competitors a16z-backed Optimism is its most notable rival but Arbitrums biggest advantage is likely the smooth compatibility it boasts with decentralized applications designed to run on Ethereum, compared with competitors that may require more heavy-lifting on the developers part to be fully compatible with their rollup solution. That selling point could be a big one as Arbitrum looks to court support across the Ethereum network and crypto exchanges for its product, though most Ethereum developers are well aware of whats at stake broadly.

Theres just so much more demand than there is supply on Ethereum, Goldfeder tells TechCrunch. Rollups give you the security derived from Ethereum but a much better experience in terms of costs.

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Offchain Labs raises $120 million to fix Ethereums shortcomings with its Arbitrum product - TechCrunch

Powerbridge Technologies Announces Availability of Ethereum Mining Operating System Named FXOS to Enhance Mining Efficiency – Yahoo Finance

ZHUHAI, China, Sept. 1, 2021 /PRNewswire/ -- Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) ("Powerbridge" or the "Company"), a SaaS solutions and Blockchain applications provider, announced the availability of FXOS, a proprietary AI integrated operating system designed for the mining of Ethereum (ETH) and other GPU based cryptocurrencies. FXOS is an automated and intelligent OS that can increase Ethereum mining efficiency by an estimated 15%.

As a Linus based OS, FXOS can be deployed for large-sized mining operations of 100,000 level of mining machines with highly automated and intelligent functionalities for system operations and maintenance. It is also available with a convenient App capable of running on iOS, Android, Applet and Web.

FXOS integrates AI algorithms with sensors and controllers with smart, user-friendly tools, capable of monitoring operating status, managing GPU overclocking, adjusting mining parameters, adapting to maximized power consumption, and remote controlling on/off function, among other features and benefits.

"I am pleased that FXOS is available. As we are deploying our crypto mining machines, having our own mining OS is equally important in our efforts to develop a network of mining operations with higher-than-market ETH mining efficiency," said Stewart Lor, the President of Powerbridge Technologies.

About Powerbridge Technologies

Powerbridge Technologies Co., Ltd., a growth-driven technology company is primarily engaged in SaaS solutions and Blockchain applications. Powerbridge SaaS integrates AI, big data, and IoT offering SaaS platforms for cross-border eCommerce, supply chain, data intelligence, and IoT applications and devices. Powerbridge Blockchain consists of BTC and ETH mining and digital assets, IPFS distributed network services, and industry-specific Blockchain applications. For more information, visit http://www.powerbridge.com/ir.

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements; specifically, the Company's statements regarding listing on the NASDAQ Capital Market and the IPO are forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at http://www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

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Powerbridge Technologies Announces Availability of Ethereum Mining Operating System Named FXOS to Enhance Mining Efficiency - Yahoo Finance

Hot crypto investments: Ethereum is on the rise – Cyprus Mail

With the recent rebound across cryptocurrencies of various types, its time to take a hard look at the ones most likely to return on investment.

The rebound started back in mid-August, when the total value of cryptocurrencies market capitalisation surpassed $2 trillion again, the first time they have done so since crashing almost three months prior, according toForbes.

Markets hitting the threshold marks a bullish recovery, according to most analysts. Bitcoin hit a three-month high on August 22, jumping past $50,000. It has fallen back slightly since on profit-taking. Ether and Binance coin, the next two largest cryptocurrencies, both were up greater than 20 per cent, hitting their own three-month respective highs around that time.

One factor driving this rebound is that the bitcoin whales are moving money into crypto markets again. The whales are those who hold a very large amount of bitcoin, but they often invest in other cryptocurrencies as well.

Accounts holding roughly $50 million or more worth of bitcoin have steadily increased their buying since the end of June, according to new data from blockchain firm Chainalysis. Bitcoin whale activity has been tightly correlated to price action this year, with larger investors often acting as a driving force in the market, says Philip Gradwell, chief economist at Chainalysis.

Ethereums cryptocurrency ether has gotten great advantage from this trend. The smart contracts crypto is up to $3,810 at this writing, a three-month high. Trading intensity is low, meaning that holders of ether are keeping it close and acquiring more.

And analysts are bullish. Ether is on track to potentially breach the $4,000 resistance level, provided the obvious stack up continues, Nick Agar, founder and CEO of cryptocurrency firm AXIA Coin, wrote in an email to MarketWatch.

A number of metrics indicate positive sentiment, including the volume of large transactions of ether, which reached $16.2 billion, the highest since June 22, crypto analytics firm IntoTheBlock wrote in a series of tweets.

IntoTheBlocks Hodlers indicator shows that addresses with holdings in $ETH for over 1 year is reaching all time high levels. The chart shows how the number of Hodlers has been increasing non-stop over the past 12-months. And the social media narrative about Ethereum has been extremely positive in recent months, the group adds.

An important part of the Ethereum narrative is the consequences of its London Hard Fork, in particular the doubling of block size and the EIP-1559 operations which manage gas fees better.

These took place in early August, and have had the effect of decreasing supply for ether as demand to use Ethereum increases.

The increasing demand is coming from the world of decentralised finance. A decentralised finance (DeFi) system allows people to create financial products or smart contracts that execute actions automatically on the blockchain without any bank, brokerage, exchange, or corporation acting as an intermediary. This freedom has unleashed great experimentation in creating novel uses for the Ethereum blockchain, such as auctioning off non-fungible tokens (NFTs) in what is today a billion dollar market.

At the end of July 2021, the market capital for DeFi products was hovering near $80 billion, but it is expected to triple in size in the coming year. All of this creates demand for ether, and while Ethereum is not the only platform on which DeFi systems operate, it is the main one.

The recent spike inNFT(non-fungible token) activity has prompted a rise in transaction volume and active addresses on the Ethereum network, as well as a deflationary supply, writes Alexandra Clark, a trader at UK-based digital asset brokerGlobalBlock, in an email to Coindesk.

For the longer term, the sentiment around Ethereum is extremely strong. A panel at Forbes forecast that in the longer-term, ether could hit$17,810 by the end of 2025and $71,763 by the end of 2030 while 68 per cent of the panel say ether will surpass bitcoin eventually.

The advantage for Ethereum is that is has business applications and so can grow and expand. The supply will be controlled, but probably increased gradually as demand continues to increase this is made possible by the London Hard Fork which has restructured the Ethereum blockchain from its initial model which was closely based on that of Bitcoin.

Bitcoin, as a system, on the other hand, has remained quite conservative, although there have been some structural changes. The problem of block size, which is limited to 1mb in bitcoin, has drastically limited scalability on that platform, but the decision-makers have refused to make changes up until now. Ethereum, on the contrary, has forged ahead.

Still another positive for cryptocurrencies in general is Googlesrecently revised US policies regarding crypto advertisements.

Back in March, Google imposed an overarching ban on almost every crypto product initial coin offerings, exchanges and wallets.

But as of this week, starting August 3, companies offering cryptocurrency exchanges and wallets targeting the United States market are now permitted to advertise crypto products and services on Google providing they apply for Google certification.

Googles new policy still comes with much stricter requirements on firms hoping to participate, such as being registered with FinCEN as a money services business or a federal or state banking entity.

But allowing crypto providers to reach customers via Google allowing crypto companies to advertise on their site can only be seen as a win for the cryptocurrency sector, analysts say.

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New Ethereum-based NFT Project From Artist Behind The Bored Ape Yacht Club – Benzinga – Benzinga

A highly anticipated NFT project will become available to the public in the coming weeks on the Ethereum (CRYPTO: ETH) platformfrom one of the artists behind the Bored Ape Yacht Club.

What Happened: The digital artist known as Migwashere is launching a new NFT club called the Sneaky Vampire Syndicate. The project will mint 8,888 NFTs over the coming weeks, according to Decrypt.

The Vampire NFTs feature cartoon portraits, distributed as tokens using the Non-Fungible Token Standard (ERC-721) on the Ethereum blockchain. They will be available at a cost of 0.08 ETH each, or approximately $313 apiece.

The projects Discord server has already drawn over 12,000 followers since Tuesday.

Related Link:Sotheby's Set To Auction 101 Bored Ape Yacht Club NFTs: What You Should Know

Whats Next: Migwashere says the Sneaky Vampire Syndicate is under his full control, unlike The Bored Ape Yacht Club, which involved a team of artists. This one feels more like something Ive created, he tells Decrypt.

There are plans to also release a 2D fighting video game featuringthe vampire NFTs. Developers say only NFT owners would be allowed to play the game.

Prior to launching the project, 400 people will be selected for a pre-sale, which will give them a chance to mintup to two vampire NFTs. To qualify you must engage with the project on Discord or Twitter.

Related Link:Logan Paul, Chris Camillo Buy Bored Ape Yacht Club NFTs, Floor Rises: What Investors Should Know

Photo: Courtesy of@migwashere2twitter account

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New Ethereum-based NFT Project From Artist Behind The Bored Ape Yacht Club - Benzinga - Benzinga

If You Had $5,000 Right Now, Would You Put It On Ethereum Or Baby Dogecoin? – Benzinga

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.

This week we posed the following question to over 1,000 Benzinga visitors on cryptocurrency investing:

If you had $5,000 to invest, would you put it on Ethereum (CRYPTO: ETH) or Baby Dogecoin (CRYPTO: BABYDOGE) right now?

See Also: How To Buy Baby Dogecoin

Ethereum was trading around $3,900 at press time. Ethereum is trading sharply higher over the past month by 45.7% from the $2,700 price level on July 29th.

Meanwhile, Baby Dogecoin is trading around $0.000000000706.

Baby Dogecoin is a cryptocurrency on the Binance Smart Chain. The project has gained popularity for its cuteness instead of underlying technology Read More

This survey was conducted by Benzinga in August 2021 and included the responses of a diverse population of adults 18 or older.

Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from over 1,000 adults.

2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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"Ethereum will be Bigger than AWS, Azure and Google combined" – Pekka Kelkka – hackernoon.com

Bitcoin and Ether hit their best values in more than nearly two months, despite concerns surrounding crypto restrictions in the US. YeFi.one founder Pekka Kelkka: We are on the second wave of this bull run and we will hit ATHs quite soon. We must increase regulators and lawmakers understanding of blockchain and cryptos. Im positive that we will find a common ground. The biggest problem is the US politicians who are funded by the US banks and financial institutions. They will fight back but they will give up. Common sense will win.T

Crypto Veteran. Tokenization, DeFi and Security Tokens - Blockchain.

Ishan Pandey: Hi Pekka, welcome to our series Behind the Startup. Please tell us about yourself and the story behind YeFi?

Pekka Kelkka: Officially, the project came to life in mid-March 2021. However, several years before the actual launch of the YeFi.one platform, a team of blockchain entrepreneurs, the future founders, had been living the DeFi revolution, learning its valuable lessons and nurturing an idea of creating a project that would one day combine all the essential decentralized finance functions while eliminating its shortfalls and mistakes of the past.

The founders had also recognized the value of decentralized data storage and computing projects like Filecoin, Swarm, Chia, and Dfinity. That is how the idea to collaborate and promote these projects have emerged.

Ishan Pandey: The Securities and Exchange Commission of the United States has filed its first complaint related to the expanding decentralized finance sector, charging that a corporation traded digital tokens that ought to have been registered with the Wall Street regulator. From a regulatory standpoint, what measures should be introduced so as to induce a better system wherein full and honest disclosure is mandated and practiced?

Pekka Kelkka: We have the best crypto lawyers following closely whats happening not just in the USA cryptos regulatory scene but globally. Unfortunately, at this stage, we do not welcome US investors on our platform.

The bottom line is that the global blockchain and crypto community needs to collaborate with the regulators. We must increase regulators and lawmakers understanding of blockchain and cryptos. Im positive that we will find a common ground.

Blockchain and cryptos will be the biggest change in the global financial and monetary system in centuries and Defi will lead the way. Also, governments and central banks will benefit from the fastest, most cost-efficient, and secure decentralized financial services.

As we know commercial banks are already in the game. A big Switzerland bank Sygnum is already offering DeFi services to its investor customers. All the other banks must follow if they want to continue their business.

Ishan Pandey: Elrond recently stated that it has become carbon negative, as the cryptocurrency sector shifts to more environmentally friendly ideas to reduce its carbon footprint. What are your thoughts on the detrimental environmental impact of cryptos and can we gradually shift towards a more eco-friendly system?

Pekka Kelkka: This is a development led by Elrond. I see that the blockchain and crypto industry can lead the way also on th e carbon negative production front. Blockchain and cryptos can become the greenest business sector which others will follow!

Ishan Pandey: After a big Ethereum upgrade, Bitcoin and Ether hit their best values in more than nearly two months, despite concerns surrounding crypto restrictions in the US infrastructure plan. Do you believe this uptrend is here to stay or will we soon hit a low in the crypto market?

Pekka Kelkka: We are on the second wave of this bull run. It will still last months. We will hit ATHs quite soon. The bear market will come. Not 70-90% cut this time but less. Still, these are my personal opinions. No financial advice.

Ishan Pandey: Biden's huge bipartisan infrastructure project struck a rare chord of bipartisan collaboration between Republicans and Democrats, but the bill is being held up due to proposed changes to cryptocurrency regulation in the US. What does the future look like for cryptocurrencies in the United States?

Pekka Kelkka: Should we be worried? In the end, I believe that US lawmakers will understand that blockchain and cryptos will lead the technology development in the world, just as the internet has done since early 2000. The biggest problem is the US politicians who are funded by the US banks and financial institutions. They will fight back but they will give up. Common sense will win also in the USA.

Ishan Pandey: The biggest significant enhancement to the Ethereum blockchain since 2015, according to Ethereum developer Vitalik Buterin, came into force just recently, and the network is well-positioned to make an even bigger improvement to reduce its energy usage by 99 percent. Can you elaborate on this new improvement and what its implications are for the Ethereum ecosystem?

Pekka Kelkka: How many hours do we have? 🙂

Let me start first by saying this:

Ethereum will be the biggest game-changer in the global business. It will be the global computer. It will be bigger than AWS, Azure, and Google combined.

Ethereum's biggest change on the recent EIP (Ethereum Improvement Proposal) 1559 was the change on the economical model which will make ETH deflationary in the longer run.

Since EIP1559 the base fee amount of ETH is "burned" on every transaction i.e. on every transaction some ETH tokens will be removed from the market circulation.

When transactions on Ethereum will explode - as expected - more ETH will be "burned" than produced (mined). Demand for ETH will become much higher than supply.

What do you think will happen to the ETH price?

But "the money-making machine" of ETH is just a side product. Most importantly Ethereum will become the world computer as I mentioned earlier.

Even more remarkable changes will occur when ETH2.0 will be launched possibly before the end of the year. The major feature of ETH 2.0. Will be Sharding. The Ethereum network will be used much more economically which will reduce the price of the transactions as well as speed up them dramatically.

This will also reduce the energy usage a lot on the Ethereum network.

Ishan Pandey: What new trends are we going to witness within the crypto ecosystem especially in the post-covid-19 era?

Pekka Kelkka: The whole blockchain and crypto scene will explode - watch out mainstream, here we come!

Disclaimer: The purpose of this article is to remove informational asymmetry existing today in our digital markets by performing due diligence by asking the right questions and equipping readers with better opinions to make informed decisions. The material does not constitute any investment, financial, or legal advice. Please do your research before investing in any digital assets or tokens, etc. The writer does not have any vested interest in the company. Ishan Pandey.

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Twitter May Soon Let Users Add Bitcoin, Ethereum Addresses to Their Profiles for Tips – Gadgets 360

Twitter is found to be working on allowing users to add Bitcoin and Ethereum addresses to their profiles to receive tips in cryptocurrencies. The new addition could be aimed to upgrade the Tip Jar feature that the microblogging network introduced earlier this year. Twitter is working on the ability to let users receive tips in Bitcoin through the Tip Jar feature. CEO Jack Dorsey in July suggested the implementation by calling Bitcoin a big part of the company's future in conversation with analysts and investors.

Mobile app developer Alessandro Paluzzi has found references about Twitter bringing the ability to let users add Bitcoin and Ethereum addresses to their profiles. The developer posted a tweet that carried three screenshots to indicate the new options.

The first screenshot suggests that users would be able to copy Bitcoin and Ethereum addresses to send tips in any of the two cryptocurrencies using the Tip Jar feature. In the second and third ones, Twitter appears to allow users to add Bitcoin and Ethereum addresses to their profiles.

Alongside the screenshots suggesting the addition of Bitcoin and Ethereum address options, Paluzzi on Wednesday tweeted a screenshot to suggest the arrival of Bitcoin support to the Tip Jar feature. That tweet received a comment from Twitter's product lead Kayvon Beykpour that includes a lightning bolt emoji along with another saying soon to confirm its development and its imminent release.

Beykpour did not provide any further details about when exactly the ability to receive tips in Bitcoin through Tip Jar will be available to users. However, the screenshot posted by Paluzzi does suggest that Twitter would consider payment transfer technology The Lightning Network to allow tipping in Bitcoin on its platform.

The screenshot also suggested that Twitter would use Strike to generate Bitcoin Lightning invoices for the cryptocurrency tips users will get through the platform. Paluzzi on his newer tweet, though, says that users will not be required to link a Strike account for adding their Bitcoin and Ethereum addresses.

A report by MacRumor says that the work for Bitcoin tips has been suggested through Twitter for iOS beta code. It isn't available to beta testers at this moment, though.

In May, Twitter introduced its Tip Jar feature to let creators, journalists, and nonprofits monetise their tweets in the form of tips. The company initially enabled users to share links to their Bandcamp, Cash App, Patreon, Paypal, and Venmo accounts for receiving tips from their followers. That was, however, just the beginning as the platform appears to be adding cryptocurrencies as the new payment options.

Twitter CEO Jack Dorsey has advocated cryptocurrencies for some time. In August, he said that Bitcoin would unite a deeply divided country. Dorsey during Twitter's earnings call in July also called the big part of Twitter's future.

I think there's a lot of innovation above just currency to be had, especially as we think about decentralising social media more and providing more economic incentive, he said while answering a question on how he sees Bitcoin becoming an integral part of Twitter.

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Ethereum’s Breach of $4000 Marks Presence Of Whales | investing.com – Investing.com

appeared to be leading the top cryptocurrencies by market cap when it broke past $4,000.

Ethereum was making headlines again, after surging by more than 18% within the past four days to test the psychological $4,000 level.

The second-largest cryptocurrency by market cap its uptrend after consolidating for more than three weeks.

Ether made a series of higher lows throughout the stagnation period, while the $3,350 level prevented it from advancing further. Such market behavior led to the formation of an ascending triangle on ETHs daily chart.

A sudden spike in buying pressure allowed Ethereum to break out of its consolidation pattern on Aug. 31, and rise by more than 18% over the past few days to reach a target of $4,000.

The Fibonacci retracement indicator, measured from the May 12 high of $4,372 to the June 22 low of $1,700, suggests that further buying pressure has more room to push the asset up. Further buying at around the current price levels could see ETH retest its all-time high.

The presence of whales and institutional players on the network suggests Ethereum could even target $5,000 if buying orders continue piling up.

The number of large Ether transactions with a value of $100,000 or greater continues to rise. Roughly 13,770 large transactions were recorded on Sept. 1, and this on-chain metric appears to be trending higher.

Since whales disproportionately impact prices because of their enormous holdings, they can coordinate buying and selling activity to pump or dump tokens. Such is the case that over the past few years, each time the number of large Ether transactions starts to increase, prices tend to follow.

As long as Ethereum can keep its momentum and prices hold above $3,800, further gains can be expected.

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Nvidia’s CMP170HX in the Wild With 164 MHps of Ethereum Mining Performance – Tom’s Hardware

Reports on Nvidia aiming to repurpose its A100 compute accelerator as a Crypto Mining Processor accelerator surfaced as early as March of this year. The intermediate radio silence has now been broken, with purported photographs and screenshots of a repurposed A100 surfacing as a rebranded CMP 170HX. There's plenty to chew over, but as this isn't an officially announced product, take the details with a bit of salt.

While initial reports pointed towards a CMP 220HX branding with performance in the range of 215 MH/s for Ethereum mining, the final result delivered by the CMP 170HX is slightly less impressive, with the tested card delivering around 165 MH/s in a 250W envelope. It is still extremely impressive compared to the CMP 50HX accelerator that falls in the same 250 W envelope, though; that card can only output 45 MH/s less than a third of the CMP 170HX's performance. Thus, Nvidia seems to still have some headroom for an eventual 220HX release - at least judging from these specifications on offer in the 170HX.

The CMP 170HX is likely made via defective, harvested chips that didn't make it into the company's A100 - a beast of a card with 40 or 80 GB of HBM2e memory and packing a grand total of 6,980 enabled CUDA cores (84% of the in-silicon CUDA cores in the GA100 chip design).

Being a cryptocurrency mining-oriented card, Nvidia cut everything that wasn't strictly necessary for typical mining workloads. Besides the aforementioned headless design, the CMP170HX features only 4,480 CUDA cores (54% of GA100's design cores). Its HBM2e memory has been reduced to the bare minimum for Ethereum mining, with 8 GB HMB2e across two 4 GB stacks, delivering a maximum of 1,493 GB/s of bandwidth across its 4096-bit bus. Nvidia even slaughtered the PCIe bus on this card - the link is limited to PCIe 1.1 x4 (!), thus offering only 250 MB/s bandwidth across the PCIe bus (for reference, modern graphics cards with PCIe 4.0 x16 achieve 32 GB/s across the bus). However, mining workloads aren't dependant on the bus speed for performance - while most other applications users might want to use these cards for (like, say, actual ML and typical HPC workloads) will thus be rendered virtually impossible to process at a high enough throughput to make it worthwhile.

These alterations allow Nvidia to sell this card solely for cryptocurrency mining, at a premium, while keeping institutions, data centers and even tech-savy prosumers focused on the company's A-series offerings, also at a premium.

GPU-Z screenshots of the card, which has "170hx" added to cover whatever name has been assigned to the card in the identifier string, identify it with the 20C2 Device ID. The card was running on Nvidia's 471.41 driver version and core clocks are set at an 1140 MHz base and 1410 MHz boost. This is likely in the sweet spot for performance and power consumption for this particular accelerator since memory speeds, not core speeds, are the defining factor in cryptocurrency mining performance. This also enables a fully passive design since in-memory processing is less heat-intensive than in-core processing.

CMP is Nvidia's crypto-specific accelerator lineup, built to take some of the strain off the company's gaming-oriented GeForce lineup by streamlining the cards' design and extracting the bits and pieces that aren't required for crypto mining operations, such as the display outputs. All of Nvidia's CMP lineup, including the CMP 30HX, 40HX, 50HX and 90HX (with relative performance scaling with the product numerals), are headless.

Now there's one more tool to attract miners towards these graphics cards instead of our general GeForce graphics cards. Even with Nvidia's Lite Hash Rate performance limitation, these cards still present interesting venues for mining income. However, don't expect these CMP 170HX to be scooped up in droves by mainstream miners: While its pricing isn't currently known, the GA100 die inside is expensive for Nvidia to produce. However, it will definitely be an appealing solution to larger-scale mining operations it does qualify as one of the most efficient and higher-performing mining solutions in a single card currently available in the market.

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Nvidia's CMP170HX in the Wild With 164 MHps of Ethereum Mining Performance - Tom's Hardware