The ICO Collapse Taught Projects How to Avoid Reprisals, MEW Founder Says

The boom of the initial coin offerings defined the blockchain industry in 2017 and the first half of 2018 as capital flowed to finance many new projects and the associated services.

Ahead of Ethereum’s five year anniversary, Cointelegraph interviewed Kosala Hemachandra, the founder of MyEtherWallet. As he revealed, the surge in activity . . . → Read More: The ICO Collapse Taught Projects How to Avoid Reprisals, MEW Founder Says

Over 90% of Ether Supply Is Now in ‘State of Profit,’ Says Glassnode

As Ether (ETH) continues to hit new 2020 highs, the majority of ETH is now reportedly profitable.

According to data from blockchain intelligence firm Glassnode, more than 90% of the circulating ETH is now in “a state of profit.” This means that over 90% of about 112 million ETH coins were bought at . . . → Read More: Over 90% of Ether Supply Is Now in ‘State of Profit,’ Says Glassnode

The Ethereum Foundation Is Building a Dedicated Eth 2.0 Security Team

The Ethereum Foundation will be building a dedicated security team for Ethereum 2.0 to study any potential cybersecurity and crypto-economic issues in the next generation of the Ethereum network.

Justin Drake, an Eth 2.0 researcher at the foundation, announced the start of the recruitment process on his Twitter feed.

The foundation . . . → Read More: The Ethereum Foundation Is Building a Dedicated Eth 2.0 Security Team

Cardano ‘Dwarfs’ Tezos After Shelley Hard Fork, Says Security Auditor

Quantstamp, a company that has been auditing Cardano’s (ADA) code base for the past two months, believes that after the Shelley hard fork, Cardano will trail only Ethereum (ETH) as a smart contract platform, dwarfing its arch-rival Tezos (XTZ).

Cardano’s code base “one of the best”

Quantstamp CEO Richard Ma told Cointelegraph . . . → Read More: Cardano ‘Dwarfs’ Tezos After Shelley Hard Fork, Says Security Auditor

Price Analysis 8/3: BTC, ETH, XRP, BCH, BSV, LTC, ADA, CRO, BNB, LINK

August 2 the total crypto market capitalization dropped from about $359 billion to $310 billion within a few minutes of Bitcoin (BTC) price surging above the $12K mark. 

A fall of such magnitude usually drives away the bulls or at least keeps them at bay until the market stabilizes, but that is not . . . → Read More: Price Analysis 8/3: BTC, ETH, XRP, BCH, BSV, LTC, ADA, CRO, BNB, LINK

Here Are Four Ethereum Scaling Pitches Submitted to Reddit’s Competition

A number of projects introduced potential scaling solutions prior to Reddit’s July 31 deadline. Most contest participants are existing developers of Layer 2 solutions for Ethereum. The majority of entrants seem to have tweaked their existing technologies to accommodate Reddit’s demands.

The terms of the challenge stipulate that proposed technologies should . . . → Read More: Here Are Four Ethereum Scaling Pitches Submitted to Reddit’s Competition

Bitcoin Drama, Ether Rally, Teen Held Over Twitter Hack: Hodler’s Digest, July 27–Aug. 2

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

Top Stories This Week

Bitcoin rallies 13% to break through $11,000

. . . → Read More: Bitcoin Drama, Ether Rally, Teen Held Over Twitter Hack: Hodler’s Digest, July 27–Aug. 2

Top 5 Cryptocurrencies to Watch This Week: BTC, ETH, LINK, VET, LTC

Bitcoin’s (BTC) rally above the $10,000–$10,400 zone has attracted several traders who had been waiting for a trending move to start. Yusuke Otsuka, the co-founder of Japanese crypto exchange Coincheck, said that several Japanese traders who had been dormant have started trading again this week. 

Monex Group CEO Oki Matsumoto also said . . . → Read More: Top 5 Cryptocurrencies to Watch This Week: BTC, ETH, LINK, VET, LTC

Stablecoins, Ceilings and Digital Currencies: Bad Crypto News of the Week

Stability? What stability? Bitcoin has burst through its ceiling, leapt 15% and is now tickling a new ceiling of $11,000. The new move has put Bitcoin’s actual price at around double the realized price. On Black Thursday, the realized price was higher than the actual price.

So how much higher will . . . → Read More: Stablecoins, Ceilings and Digital Currencies: Bad Crypto News of the Week

Why Trump Banning TikTok May Be a Blessing for Bitcoin Price, Adoption

Yesterday saw many major altcoins rally to their yearly highs, with Ether (ETH) surging past $400, which I expected was a likely scenario in my last article two weeks ago.  

In addition, XRP also had a bumper day exceeding $0.32 while momentarily outperforming Bitcoin as expected in my July 1 article. 

. . . → Read More: Why Trump Banning TikTok May Be a Blessing for Bitcoin Price, Adoption