An Experiment In Ethereum’s Gas Fees

Ethereum has ambitions to become a hub for decentralized finance (DeFi) – one where millions of users conduct sophisticated transactions using financial applications and payment systems on its network. The platform’s selling point is its decentralized and peer-to-peer design that reduces costs and transaction times. But transactions on Ethereum are time-consuming. A technical and complicated interface also ensures that users have little control over the … Continue reading An Experiment In Ethereum’s Gas Fees

Ethereum Cofounder Joseph Lubin May Be Sued For $13 Million By Former Colleague

Joseph Lubin, the co-founder of Ethereum, may be sued by Harrison Hines, a former employee at his company ConsenSys. Hines intends to seek over $13 million for “breach of contract, alleged fraud, unpaid profits and unjust enrichment”. He began the legal process against Lubin in June. Based on the summons brought by Hines’ lawyer, the relief they intend to get is monetary damages for unpaid … Continue reading Ethereum Cofounder Joseph Lubin May Be Sued For $13 Million By Former Colleague

CFTC Seeks Public Comment On Ether And Ethereum

The Commodity Futures Trading Commission (CFTC) has asked for public comment for use cases and risks of ethereum’s blockchain and ether, its cryptocurrency. “The input from this request will advance the CFTC’s mission of ensuring the integrity of the derivative markets as well as ensuring the integrity of monitoring and systemic risk by enhancing legal certainty in the markets,” the federal agency wrote in a … Continue reading CFTC Seeks Public Comment On Ether And Ethereum

Is Ethereum Studio ConsenSys Faltering?

Within the ethereum ecosystem, ConsenSys occupies a special place. It is the most well-funded and, some would say, the most well-known company in the space. Started in 2014 by Joseph Lubin, the NYC-based outfit is a “venture production studio” – a model which incorporates an array of business and funding activities within ethereum. But it may have spread itself too thin, according to a recent … Continue reading Is Ethereum Studio ConsenSys Faltering?

After Steemit, Consensys Announces Layoffs. Are Crashing Crypto Markets To Blame?

The crypto winter is getting colder.  Crashing valuations in cryptocurrency markets and a chill in the initial coin offerings (ICO) market have affected operations at two more ventures involved in the space.  Blockchain and smart contract consulting company Consensys, which dominates ethereum research and development, has confirmed to online publication Coindesk that it is laying off 13% of its staff. Meanwhile, ETCDEV, a team involved … Continue reading After Steemit, Consensys Announces Layoffs. Are Crashing Crypto Markets To Blame?

Is Ether Useless?

Ethereum’s ether was among the biggest losers in the cryptocurrency crash that occurred earlier this week. Since Wednesday, the cryptocurrency has lost approximately 23% of its value, shedding a substantial portion of gains it eked out during a decline in bitcoin’s price. On an overall basis, ether is down by 84.3% from its peak during the second week of January this year. Ether’s ebbs and … Continue reading Is Ether Useless?

Mobile Ethereum Client Status Partners With OmiseGo

Status, the mobile ethereum client which reportedly raised $100 million within 24 hours during its ICO last year, plans to integrate decentralized exchange DEX onto its platform. DEX is being developed by OmiseGO, a subsidiary of Omise, a Singapore-based payment gateway. In its online guide, the company describes DEX as being a scalable and secure Proof-of-Stake blockchain on which any form of digital asset can … Continue reading Mobile Ethereum Client Status Partners With OmiseGo

Two Reasons Crypto Prices Shot Up This Week

After weeks of floundering about in a decline, cryptocurrency markets gained $40 billion in two days. Bitcoin led the rally in crypto prices with two bumps in its price in less than five days. In the first instance, it vaulted 8.5% to $6408 in five hours on Friday night. But that was not the end of its rally. On Monday, it pushed another 4.4%, rising … Continue reading Two Reasons Crypto Prices Shot Up This Week

Bitcoin Is Not A Security: SEC Chairman Jay Clayton

Even as his agency cracks down on token offerings, SEC Chairman Jay Clayton is letting bitcoin off the hook. Clayton, who has been vocal about regulating tokens as securities, told CNBC in an interview that cryptocurrencies do not qualify as securities under current SEC provisions. “Cryptocurrencies…are replacements for sovereign currencies, (they) replace yen, US dollar, Euro with bitcoin. That type of currency is not a … Continue reading Bitcoin Is Not A Security: SEC Chairman Jay Clayton

Evaluating The EOS ICO

Almost a year long, it was the longest initial coin offering (ICO) in the world. The ICO by EOS, a blockchain that is building an alternative to ethereum’s smart contracts, finally finished this past week. Launch of its mainnet is still in progress. One billion tokens were offered during the ICO. Those tokens garnered $4 billion in funding from investors, according to Block.one, the largest … Continue reading Evaluating The EOS ICO

The Case For Ethereum As A Security Token

During a Congressional hearing last month, SEC Chairman Jay Clayton said all ICO tokens he had seen were securities. That remark, with all its attendant implications, has spooked investors and snowballed into a series of actions that might end up radically reshaping cryptocurrency markets. Since Clayton’s remark, the SEC has tightened the screws on coin offerings and exchanges. Just last week, the agency threatened to … Continue reading The Case For Ethereum As A Security Token

Ethereum Derivatives Might Bring Institutional Investors To The Cryptocurrency

Ethereum’s ether might be next in line to attract funding from institutional investors after bitcoin. Consensys, a firm started by Joseph Lubin, ethereum cofounder, to implement smart contracts, is partnering with TrueDigital, an affiliate of New York-based TrueEx, to develop a benchmark rate for ether and “the infrastructure needed for the broad adoption of digital assets by the institutional community.” The first product of the … Continue reading Ethereum Derivatives Might Bring Institutional Investors To The Cryptocurrency