Items tagged with eth
We've heard a lot about failed initial coin offerings (ICOs) over the past year, and ICO research firm Satis Group has added its on detailed analysis of the madness surrounding these cryptocurrency fund raisers. According to Statis, roughly 81 percent of all ICOs in the past year have been outright scams, which is an alarming statistic. Satis defines an ICO scam as, "Any project that expressed availability of ICO investment, did not have/had no intention of fulfilling project development duties with the funds, and/or was deemed by the community." Things don't get much better from there; 6 percent of ICOs outright failed, 5 percent were said to have “Gone Dead”, and just 8 percent...
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If you recently jumped on the Ethereum bandwagon, you might want to sit down for this news. A security vulnerability has been discovered in the Parity wallet service deployed by Parity Technologies. According to a security alert issued by Parity Technologies today, the vulnerability was found within the standard multi-signature (multi-sig) wallet update that was deployed with the Parity Wallet back on July 20th. A multi-sig setup requires that more than one key be used to both initiate and broadcast ETH transactions. What's astounding is the July 20th update was rushed into place after another exploit earlier in the month resulted in roughly $30 million in ETH being stolen from wallets. For its...
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The cryptocurrency market is red-hot right now, with Ethereum (ETH) helping to lead the charge. That surge in popularity was readily on display this week, when the Ethereum network surged past 410,000 transactions during a 24-hour period — actually, it was 410,061 to be exact. This is the highest number of daily transactions on record for any public blockchain to date. Ethereum’s performance put it more than 40,000 transactions ahead of Bitcoin’s record daily high. However, despite this performance for the record books, Ether hasn’t exactly budged much in value over the past week or so. Over the past 24 hours, Ether prices have risen around 5.74 percent to $301.93. Ether prices hit $314...
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It has been a rough month for Ethereum. After tasting sweet highs in June and surging past $400, the cryptocurrency tanked during the month of July to the $130 mark. However, Ethereum has been on the rebound for the past few weeks. That recovery was even more apparent this morning, when it surpassed the $300 mark, if only for a brief moment. According to EthereumPrice, Ethereum hit a high of $314 earlier this morning before settling down to its current valuation of $290. That’s still a stone’s throw away from $300, but if the current rising trend continues, we may see Ethereum cruise back towards its record highs from a few months ago. The last time Ethereum was trading above $300 was back on...
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The topsy turvy world of cryptocurrency got a bit more interesting yesterday, thanks to a multi-million dollar Ethereum (ETH) heist. As we reported earlier, CoinDash was rocked by hackers Monday during its Initial Coin Offering (ICO), which is basically a crowdfunding effort that allows investors to purchase tokens. ICOs can funnel in thousands and sometimes millions of dollars within a short span of time given the recent craze surrounding Ethereum, which makes the CoinDash hack even more puzzling. The company posted its Ethereum address on its website and encouraged investors to start sending in their ETH. However, hackers had something else in mind — they instead changed the Ethereum address...
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It looks like the slide in Ethereum (ETH) prices is a bit more long-term than we expected. As we reported earlier this week, Ethereum had been on a bit of a slide for the past few weeks, briefly dipping below the $200 mark before slowly recovering. However, as we are closing out the work week, we see that Ethereum is once again falling. It has fallen over $17 in the past 24 hours, falling down to just $184.64 as of this writing. Many analysts have stated that Ethereum was due for a price correction, considering its meteoric rise since January of this year. At the start of 2017, ETH was a relative bargain at $8. By June, however, prices had soared to nearly $400, before gradually falling...
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