Most Ethereum and cryptocurrency enthusiasts have become familiar with ERC20 tokens. This token standard is used to create new forms of currency on the Ethereum blockchain. Now that Ethereum Improvement Proposal 20 has been formally adopted, the ERC20 token standard is officially instituted. This is a major development for the ecosystem as a whole, as the proposal also formally establishes API standards for Ethereum-based tokens.
Earlier this week, Israeli-based startup Matchpool released its much-anticipated blockchain-based matchmaking platform, currently in its alpha stage of development.
Connecting People on the Blockchain
Initially created to be a dating platform, Matchpool has grown to become the first community and incentive driven social network built on top of the Ethereum blockchain. The ambitious project combines the best features of social platforms like Slack, Facebook, and popular online dating apps to provide a way to bring together like-minded people. It also ensures monetary incentives for those who make matches possible through the integration of its own ERC20 token, the Guppy (GUP).… Read the rest
A lot of people are concerned about the current Ethereum price trend. Ether’s value has dropped significantly these past few days. The entire cryptocurrency scene is in a bearish market right now, yet it seems Ethereum is getting the worst of it compared to other major altcoins. One thing people would like to know is why this is happening right now.
The Rise and Fall of Ethereum in 2017
There are many different reasons why Ethereum’s price is falling after its incredible run during the past few months. Any strong value increase will ultimately lead to a correction. Anyone who … Read the rest
Bitcoin and other cryptocurrencies have brought much needed innovation to the private sector. We have seen an entirely new market where fortunes are made and lost, where traders pour over charts, and where businesses can implement new technology previously unfathomable.
Though business was not always so quick to accept Bitcoin and the Blockchain. But as we all know that way it goes with any sort of worthwhile innovation: first they ridicule you then they attack you, then when they cannot beat you they copy or accept you. The public sector has been even slower to realize the potential of the … Read the rest
It has been a rough couple days for cryptocurrency traders as the market took a steep dive after hitting all time highs only three days ago. Both Bitcoin’s and Ethereum’s price toppled over 15% causing investors to panic. However, after showing strong support at the bottom it looks like the markets are recovering. Will the price climb back up the wall of worry, or will cryptocurrencies shed more blood?
To recap, the catalyst for the first crash is believed to be Okcoin liquidating its long positions. This caused many traders to get margin called ultimately netting a loss. The market … Read the rest
Yesterday, it seemed that things were getting back to normal as it looked like Bitcoin’s price recovered after the $500 crash which brought it from a high of $2980 to a low of $2480. However, in recent news Bitcoin’s price crashed yet another 16% to a new low of $2297. Moreover, the rest of the cryptocurrencies aren’t looking too bright either, Ethereum for example tanked over 23% to a low of $310.
As discussed in our technical analysis article written yesterday, many speculators on Tradingview were predicting a Bitcoin crash. Most traders put the short target right around the $2400 … Read the rest