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Ether prices hit all-time high

Ether, the native token of Ethereum, hit an all-time price high of $414.90 yesterday. Before press time, the second largest cryptocurrency in the world by market capitalization had settled at a value of $413 - achingly close to Ether's previous record high of $414, which was set in mid-June this year According to CoinMarketCap, the Ether-U.S. dollar exchange rate has appreciated in value by 12.61% in the past 48 hours alone. Week-on-week, Ether is actually up by 24%, while on a month-by-month basis, it is up an impressive 43.33%. This is the kind of consistent growth that can't be ignored,...

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Bitcoin Cash up 17% against the dollar but Bitcoin and Ethereum are down!

The crypto currency ‘Bitcoin cash’ which split from bitcoin earlier in the year is now up 17% against the dollar. This jump comes from some positive news surrounding Bitcoin Cash. The wallet provider ‘Bitwalla’, which now has over 57,000 customers; announced yesterday that it is allowing their customers to keep their Bitcoin Cash. Bitstamp, one the world’s biggest exchanges also announced yesterday that it would be adding Bitcoin Cash to its exchange from December. This was just due the high demand of customers who were wanting the crypto on their platform. Nejc Kodric said “We get requests from our users...

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Vlad Zamfir's Ethereum 'Casper' upgrade gets new code

Image source: www.coinscrum.com Ethereum developer Vlad Zamfir has released the first version of the Casper protocol upgrade. The code was published on Tuesday, November 21, following its initial presentation at Devcon3 earlier this month. Its aim is to fundamentally rework the creation and propagation of blocks on the Ethereum network. It's actually the first of two simultaneous attempts to develop new code for Casper; the other one is being led by network creator Vitalik Buterin. Zamfir's approach to Casper comes mere days after the release of a white paper with the title 'Casper the Friendly Ghost'. This paper has its...

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Does a fall follow pride with crypto-currencies?

There is ever-more fevered speculation about when the crypto-craze is going to hit a wall. Ethereum has risen 3,500% this year; Bitcoin is $8000, up more than 600% since January. Will they climb further? The bad news is that the power needs of miners have risen 43% just since October. The global drain on electricity networks of mining cryptos is now 28 terawatt-hours a year, whereas anything above 19 cents/KWH makes mining unprofitable. We’re in a sweet spot just now as the price of Bitcoin goes up and makes power relatively cheaper. But when the rate goes down as further...

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Bitcoin Broke Coinbase CEO Brian Armstrong’s Heart, So He’s Now Focused on Ethereum

For anyone who has been paying attention to digital asset onramp Coinbase over the past year or so, it’s obvious that the company has fallen in love with Ethereum and Bitcoin is no longer the main area of focus. During the recent DFJ Summit, angel investor and This Week in Startups Host Jason Calacanis asked Coinbase CEO Brian Armstrong to explain why his love for Bitcoin has faded.  Armstrong’s own preference for Ethereum is well-documented at this point. According to Fortune, he currently holds more ether than he does bitcoin. On top of that, fellow Coinbase co-founder Fred Ehrsam has...

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