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Principle Sacked Over Ethereum Mining

It has been reported by a local news outlet in China that teachers at a local middle school in the Hunan Province of Chenzhous, have been caught mining the second biggest cryptocurrency, Ethereum on school property. The operation allegedly was carried out for months on end but they didn’t go completely unnoticed The operation for mining Ethereum actually slowed down the network at the school making it hard for the other teachers to actually do their job. In the end, the teachers wanted answers and eventually uncovered the mining operation. By way of explanation, the Principal and Vice Principal, who...

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Amazon Teams Up With Ethereum Marketplace

Kaleido is a startup which aims to assist enterprises to implement blockchain technology and has launched a new platform in collaboration with Amazon Web Services (AWS). The startup’s marketplace will provide protocols and tools for all the components of new blockchain projects according to the founder and CEO, Steve Cerveny who said: “from the app all way to the chain.” The network of financial institutions on the commodities platform of Komgo, includes ING, Koch Supply & Trading, Citi, MUFG Bank, Societe Generale, BNP Paribas and Shell being the current client. Kaleido is just one of over 50 blockchain projects looked...

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Ethereum (ETH) Still On Track For A Steady Recovery

Ethereum (ETH) has been trading in a bullish gartley pattern since early 2017. The price has now retraced back to the trend line and already found a strong support. The above chart for ETH/USD shows that the 10 Week EMA is now primed to cross above the 21 Week EMA. When that happens, we will see a big boost in the price of Ethereum (ETH) and the strong beginning of a new cycle. The volume has been declining steadily since the beginning of the correction and has now reached a point where a reversal is expected. The number of shorts...

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Captain Kirk Stands Up For Ethereum

Captain Kirk AKA Willaim Shatner has been a long time fan of cryptocurrency and now it the 87-year-old actor and producer from Canada has made some strange tweets in regards to supporting the co-founder of Ethereum, Vitalik Buterin. Shatner is known for his role in Star Trek as the main character Captain Kirk. In the early hours of today, Shatner put a thumbs up to Buterin which quickly turned into a discussion in the replies of the tweet. Shatner got several responses from different enthusiasts and one coder even said that Buterin is a literal scammer whilst adding that it...

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Ethereum Dev Confirms User Data Is Hard To Protect

According to a core developer at Ethereum, Peter Szilagyi who is also overseeing the development of the Ethereum software client Geth, people aren’t aware of how much of their information is out in the open. What Szilagyi is referring to here is the fact that little attention is focused on Ethereum’s underlying network layer, where information is exposed in complex and unpredictable ways. Of course, it is known that there is an awareness of such exposure that’s given rise to a continuous acceleration in research on how to better obscure user data at an application level, which sits on top...

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