Friday, December 14, 2018

Ethereum Recovers 15% Within Minutes, is it Demonstrating Oversold Conditions?

On December 8, within 15 minutes, the Ethereum price increased by more than 15 percent against the US dollar. Several traders expected Ethereum (ETH) to experience a short-term corrective rally after it dropped to a yearly low at around $82. A Local Bottom Prior to its price drop, a prominent technical analyst with an online alias

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Ethereum Flash Crashes to $13 on Coinbase, Low Orders Reportedly Filled

Earlier today, the Ethereum price temporarily fell to $13 on GDAX, a high performance trading platform operated by Coinbase. According to former forex trader and cryptocurrency analyst Cole Garner, low orders in the range of $13 to $60 were actually filled on the platform. Garner published screenshots of GDAX that showed successfully filed orders at

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Crypto Downturn Claims Another Victim: Ethereum Classic Dev. Team ETCDEV Shuts Down

The crypto industry has the urge to purge amid the prolonged bear market. The latest victim is ETCDEV, a major Ethereum Classic development team that launched in 2016. Igor Artamonov, the founder and chief technology officer of ETCDEV, announced that the group is shutting down due to lack of funds. “As is publicly known, we have

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Joseph Lubin: Forget Price — Ethereum Adoption is Growing Rapidly

In virtually every area, Ethereum, the largest smart contract blockchain protocol in the world, seems to be growing at an exponential rate. According to Joseph Lubin, the co-creator of Ethereum and the founder of ConsenSys, a blockchain software studio based in New York that houses 1,000 developers: “Blockchain is more than a market. It’s a

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Ethereum Giant ConsenSys Tightens Belt, Will Axe Underperforming Projects

Ethereum development studio ConsenSys, the New York-based blockchain startup, is restructuring as part of a move to streamline its business amid the crypto bear market. ConsenSys CEO Joseph Lubin, the co-founder of Ethereum, made the announcement in a company letter. “We must retain, and in some cases regain, the lean and gritty startup mindset that made

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Crypto Market Adds $7 Billion as Bitcoin and Ethereum Rebound by 5%

In the past 24 hours, the cryptocurrency market added $7 billion to its valuation as Bitcoin and Ethereum rebounded by around five percent. Bitcoin (BTC) successfully defended a relatively weak support level at $4,000 with strength and Ethereum (ETH) prevented a further drop below the $110 level. However, based on the level of the momentum

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500-Year Old Swiss University Makes Vitalik Buterin an Honorary Doctor

The co-founder of Ethereum, Vitalik Buterin, has been awarded an honorary doctorate by Switzerland’s oldest institution of higher learning, the University of Basel. According to the university’s Faculty of Business and Economics, which awarded Buterin the honorary doctorate, the award is ‘in recognition of his contribution to promoting decentralization and equal rights of participation in

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