Ethereum is experiencing some significant problems, and those are reflected in its dramatic price plunge this week. Scaling issues, security issues and the problem of solving the smart contract that is clogging the network have all made their mark, driving pessimism even as the vast ethereum developer community is working hard to solve the problems.
The ethereum network continues to be clogged by spamming activity that is raising transaction fees, known as gas. The activity began last Tuesday and uses a smart contract identified as possibly linked to a copy of a game.
As a result, fees for regular transactions have risen above $1,
Software giant Microsoft has launched a new Blockchain as a Service (BaaS) product that wiil allow a “more efficient” way of building ethereum-based decentralized applications (DApps) for private or consortium networks.
The Ethereum Proof-of-Authority, which is already availabe on Microsoft’s Azure marketplace,
Blockchain startup Rate has raised $15 million in its initial coin offering (ICO), which ran from April 16 to May 22. The ICO was open to both public and private investors and drew support from Fenbushi Capital’s token funds, Node Capital, Kenetic, FBG Capital,
Commission-free investing app Robinhood has added support for Ethereum Classic (ETC) on its platform.
Robinhood Crypto, which is currently available in 19 US states, also allows users to trade in bitcoin, ethereum, Bitcoin Cash, Litecoin and Dogecoin. The app aslo track market data for 10 other cryptocurrencies,
FinTech firm LevelTradingField is planning to use ethereum blockchain to launch a crypto derivatives exchange.
Headquartered in Chicago, LevelTradingField provides professional grade trading, risk management, communication, research, and analysis tools to institutional investors and retail investors. The company’s platform features hundreds of tools for several markets including bitcoin,
Estonia-based startup CoinLoan has officially launched its crypto-to-fiat lending platform that allow users to HODL crypto and borrow fiat money.
The new platform enables everyone to become a lender or a borrower, on his or her own terms. It allows lenders to deposit fiat funds through international/local bank transfers or bank cards and create applications for providing loans on favorable conditions (terms,
Crypto solutions provider Trade.io has officially launched its customizable crypto-to-crypto exchange.
Trade.io is a blockchain platform that aims to disrupt the ways the financial ecosystem works and democratize the markets. The company claims to provide efficient, fair and safe blockchain technologies to financial market participants.
Major League Baseball (MLB) has partnered with blockchain startup Lucid Sight to create its own ethereum-based game.
Founded in 2015, Lucid Sight has been developing mobile apps for movie studios, music labels, and name brands since the birth of the modern mobile platforms.
Cybercriminals were able to steal more than $10 million worth of ethereum through social engineering schemes over the past year, according to software security group Kaspersky Lab.
In a report analyzing the main patterns and trends related to crypto hacks,