Fake Satoshi Nakamoto Craig Wright Rats Out Ethereum Trying to Cheat CFTC


Fake Satoshi Nakamoto Craig Wright Rats Out Ethereum Trying to Cheat CFTC

The alleged creator of the world’s first cryptocurrency, Dr Craig Wright ignites the fierce competition between Bitcoin and Ethereum blockchain making his contribution to the CFTC’s callout.

Fake Satoshi Nakamoto Craig Wright Rats Out Ethereum Trying to Cheat CFTC

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Source: CoinSpeaker

Crypto Feud: TRON Founder Takes Shots at Ethereum Creator’s Twitter Follower Count

Since late November of last year, Bitcoin and the majority of other crypto assets such as Ethereum or Litecoin have continued to plummet to new lows. However, TRON, a cryptocurrency aimed at “decentralizing the web” has experienced solid and steady growth in value.
TRON’s positive price action was due largely in part to an upcoming airdrop for the new BitTorrent Token launching on the TRON blockchain as a TRC-10 token, along with a major developer conference featuring celebrity appearances from the likes of Kobe Bryant and more. The constant marketing hype and promotion put forth by TRON founder Justin Sun and the recent buzz TRON has experienced has earned Sun more followers than Ethereum creator Vitalik Buterin – something that Sun immediately took the opportunity to rub in Buterin’s face.
Justin Sun Rises In Twitter Followers, Sets Off To Rub it in Buterin’s Face
Hype machine Justin Sun created his Twitter account in August 2017 to help promote his new cryptocurrency TRON. The outspoken founder has earned himself a reputation for making announcements of announcements, which has also seemingly earned him a large Twitter following – one that rivals that of Ethereum co-founder Vitalkin Buterin.

Now we are both 832k. We started six year after you but we always know it is never too late. @VitalikButerin #TRON #BitTorrent #TRX #BTT pic.twitter.com/OTECzheO6U
— Justin Sun (@justinsuntron) February 10, 2019

Except Buterin’s Twitter account was started back in May of 2011, and features 3 times the tweets that Sun has amassed on the social media soapbox. By that comparison, Sun is right to be proud that his Twitter antics have amounted to a larger follower count than his peers. However, Sun took the opportunity to rub it in the face of Vitalik Buterin, co-founder of Ethereum and someone who often speaks out against TRON.
Just days ago, Buterin even referred to it and EOS as “centralized piles of trash.”
Related Reading | Tron Fundamentals Continue to Strengthen With New Exchange Partnerships
Twitter followers of both were quick to denounce Sun’s public dig at Buterin, and the continued public social media feud between the two crypto industry figureheads.

You should compare dick sizes next.
— A v B (@ArminVanBitcoin) February 11, 2019

Origins of the TRON and Ethereum Crypto Twitter Feud
While Sun’s sucker punch may seem like it came out of left field and was unwarranted, he has been on the receiving end of many negative remarks made by the Ethereum creator.
No comments were more confrontational than Buterin’s response to an infographic Sun posted highlighting the ways why “TRON is better than ETH.” The tweet listed seven potential reasons, and Buterin followed up with an eighth point suggesting that TRON had plagiarized the Ethereum white paper Buterin had personally penned.

8. Better white paper writing capability (Ctrl+C + Ctrl+V much higher efficiency than keyboard typing new content)
— Vitalik Non-giver of Ether (@VitalikButerin) April 6, 2018

Since that moment the two have repeatedly exchanged blows across ‘Crypto Twitter’, with no signs of a ceasefire in sight.
Related Reading | Justin Sun’s Tron “Marketing Stunt” Draws Sharp Reply Form Vitalik Buterin
In fact, we may not have heard the last from Sun, who is claiming he has a “secret campaign especially for” Buterin he’s going to launch on Valentine’s Day. No, it’s not a box of chocolates or flowers, and Sun later revealed that TRON’s Valentine’s Day campaign is somehow tied to late Cypherpunk legend Hal Finney – who is often said to be the person behind the Satoshi Nakamoto pseudonym.
The post Crypto Feud: TRON Founder Takes Shots at Ethereum Creator’s Twitter Follower Count appeared first on NewsBTC.
Source: New feedNewsBTC.com

Game of Trolls: Justin Sun Sets Up Valentine’s Day Surprise Especially for Vitalik Buterin


Game of Trolls: Justin Sun Sets Up Valentine’s Day Surprise Especially for Vitalik Buterin

Buterin and Sun seem to continue trolling one another. This time, amid the upcoming Saint Valentine’s Day, Tron founder is preparing some surprise for Ethereum creator.

Game of Trolls: Justin Sun Sets Up Valentine’s Day Surprise Especially for Vitalik Buterin

Continue reading at Coinspeaker
Source: CoinSpeaker

Ethereum [ETH] Recaptures 2nd Position While Tron Founder Just Can’t Stop Gloating

The 2nd position is reclaimed by Ethereum as it overthrows XRP. With a market cap of $12.6 billion, Ether is trading in the green at $120. While, Tron founder, Justin sun can’t stop taking another jab at Buterin after he announced the special campaign for Buterin in Valentine’s Day.
Ethereum reclaims its 2nd Spot
After losing the 2nd spot to XRP, Ethereum has reclaimed the position. With a market cap of $12.6 billion, Ethereum is a step above XRP by about $103 million.

Source: Coinmarketcap
At the time of writing, Ethereum has been trading at $120.39 with 24-hours gains of 1.29 percent. In the BTC market as well, it is up by 1.58 percent. It is currently managing the daily trading volume of $3.25 billion.
After hitting its lowest point of the year at $83.30 in mid-December, Ethereum went up to $157.97 in early January. However, last week Ethereum has been trading around $100 only to spike along with the rest of the crypto market led by Litecoin’s 30 percent gains. Currently, Ethereum is down over 90 percent from its all-time high at around $1,440.
Source: Coinmarketcap
Ethereum community is currently waiting for its Constantinople hard fork which is scheduled for late February. Also, according to the recent research by LongHash, only about 10 percent of the Ethereum Dapps are active today i.e. 180 out of 1812 of Ethereum Dapps. Despite this, the Ethereum price has been holding on its own and stayed above $100.
Justin Sun Beats Vitalik Buterin
Meanwhile, Tron Founder, Justin Sun is not letting go of any opportunity to point out that they are actually gaining momentum over Ethereum or its co-founder Vitalik Buterin.
Sun has one-upped Buterin when it comes to Twitter followers despite being six years younger as Sun ha snow 834k followers.

This isn’t anything new as both Sun and Buterin never misses a chance to take a jab at each other as one crypto enthusiast quipped, “It’s dope to find out they talk on a daily basis….I’d love to see these two come together and collaborate….”
While another one had this to say, “I look at these companies like a Coca Cola vs Pepsi. Both will prevail ETH and TRX.”
Recently, Sun had taken another jab at Buterin over choosing  BitTorrent, now acquired by Sun, as the proven long-lasting use case of decentralized application.

Thank you @VitalikButerin for standing out! I have a secret campaign especially for you in #ValentinesDay! Don't forget to join it! #TRON #TRX $TRX #BitTorrent #BTT $BTT https://t.co/rQsVsLtBKf
— Justin Sun (@justinsuntron) February 9, 2019

Well, Vitalik didn’t go either and gave one right back.

Note for the uninitiated: yes I am making fun of twitter coin shills who are taking my tweet about VPNs and bittorrent out of context.
— Vitalik Non-giver of Ether (@VitalikButerin) February 10, 2019

The post Ethereum [ETH] Recaptures 2nd Position While Tron Founder Just Can’t Stop Gloating appeared first on Coingape.
Source: CoinGape

Ethereum [ETH]’s Vitalik Buterin and Justin Drake’s take on the community’s questions concerning Serenity

Vitalik Buterin, the creator of Ethereum, and Justin Drake, a researcher at Ethereum, spoke about Ethereum 2.0, during the latest Ask Me Anything session on Reddit. The AMA was hosted by the Ethereum Foundation and lasted for over 12 hours, wherein all the members of the Ethereum 2.0 research team answered the community’s questions pertaining to Ethereum 2.0.
Ethereum 2.0 is considered to be the Foundation’s biggest project as it includes some major updates to Ethereum. This upgrade is said to achieve scalability and make the network more efficient. The upgrade from Ethereum to Ethereum 2.0 is called the Serenity phase, aka the final phase of Ethereum 1.0. The key solutions brought by Serenity include Proof-of-Stake [PoS] – Beacon and Casper, Sharding, eWASM, Plasma, Raiden, and zero-knowledge proofs. Vitalik Buterin had previously claimed that Serenity is the world computer, which is a combination of different features that the team has been discussing for the past few years.
During the AMA session, the team was asked about what the best response would be to a developer, who is hesitant about building on Ethereum today, taking into consideration that Ethereum 2.0 will take over in the next few years. This question was asked by a Redditor, 0xStark.
To this, Buterin stated that after the state and execution model for Serenity solidifies, the team would be working with the developer community, wherein they would be focusing on modifications to high-level languages such as Solidity, and Vyper.
“Hopefully at that point it will become clearer how to build applications in such a way that they could be redeployed as-is on the 2.0 chain. At least that’s my hope.”
Justin Drake also replied to the question, wherein he stated:
“Building on Ethereum 1.0 today is great for learning and prototyping. It’s also great for assembling a culturally-aligned team consistent with the philosophy of the Ethereum community (which may be different than the philosophy of the Bitcoin, Ripple, Bitcoin Cash, EOS, Tether, etc. communities).”
Furthermore, another Redditor, Elizabeth Giovanni asked the researchers whether there were any economists being consulted to help decide the issuance rate of a full Proof-of-Stake system [PoS], and the effects certain decisions would have on the network and the community, both in the long-run and short-term. Here, Vitalik Buterin said:
“Personally at this point the feedback I’m most interested in is actually feedback from potential stakers. The main question basically being, are there any other tweaks we can make to the economics that, given a fixed level of reward, will (i) encourage more people to validate, and (ii) encourage many small solo validators or smaller pools, as opposed to a few large pools.”
The post Ethereum [ETH]’s Vitalik Buterin and Justin Drake’s take on the community’s questions concerning Serenity appeared first on AMBCrypto.
Source: AMB Crypto

TRX v/s ETH – Ethereum’s File sharing dApp “Upfiring” Competing With TRON’s BitTorrent speed

While Justin Sun is betting to make Tron ‘the most famous brand’, rival firms are eyeing to compete and step ahead. Ethereum’s file sharing dApp, Upfiring is likely competing BitTorrent speed released by TRON to increase the download speed via token incentives.
Face Off – Tron’s BitTorent Speed v/s  Ethereum’s dApp Upfiring
Competitively, Ethereum backed Upfiring file sharing dApp is dawn to compete BitTorrent and as such, the official announcement which broke out on Jan 17, 2019, stated that the app is all set and usable. Per the release, Upfiring dApp is in beta version and can be accessible to the public.
Recently on Jan 17, 2019, BitTorrent Inc has also revealed that the BitTorrent Speed will be live by Q2 2019. The software connects and incentivizes its users with BTT tokens, consequent to this, BitTorrent clients will receive BTT tokens for seeding and bandwidth which eventually enable file quick downloads.

Today we are unveiling BitTorrent Speed, a new software that connects and rewards users with BitTorrent $BTT tokens. Read more about it on our blog. #niTROn2019 https://t.co/9NLuJzMtTr pic.twitter.com/S7r4pUUJzw
— BitTorrent Inc. (@BitTorrent) January 17, 2019

While BitTorrent’s release is still on way, Upfiring file sharing dApp hit the market with the beta version.
To the similar extent, Upfiring also has its own token, called UFR token. The project, Upfiring is a dApp on Ethereum blockchain which doesn’t reward the user for bandwidth like BitTorrent.  Unlike BitTorrent incentive system, users should use UFR tokens to decrypt the file that they download. Upon decryption, such tokens will directly go to seeders.

Upfiring's Blockchain File-Sharing Dapp is Live in Open Beta: https://t.co/uJYnrVw1G2
— Upfiring (@UpfiringHQ) January 17, 2019

Justin and Vitalik – the battle isn’t over
However, it’s not the first time that Justin and Vitalik are facing off, the battle is long been interesting. Sometimes sarcastically or sometimes Justin betting on Ethereum’s developers. But interestingly, this time, the battle comes with the matter of BitTorrent and dApp Upfiring. In addition, Justin’s BitTorrent is getting a more positive response than Vitalik’s Upfiring.

Heuristic #103: anyone who puts a dollar sign followed by a ticker symbol in their tweet is basically a self-identified shill and not worth listening to.
— Vitalik Non-giver of Ether (@VitalikButerin) December 2, 2018

Crypto Market Outlook for Tron’s BitTorrent and Ethereum’s dApp Upfiring
Cryptocurrency market is showing the mixed signal, while Ethereum is getting green with 2.60 percent over the last 24 hrs, TRX is appearing on the red zone with 0.18 percent. It is interesting to note that the BitTorrent will soon go live in the market thus it is not yet listed on Coinmarketcap – whereas the Upfiring is already popping with its ticker UFR.
Image source – https://coinmarketcap.com/currencies/upfiring/
With Ethereum again in the game, it will be interesting to see who wins this “speed” contest? Let us know in the comments below.
The post TRX v/s ETH – Ethereum’s File sharing dApp “Upfiring” Competing With TRON’s BitTorrent speed appeared first on Coingape.
Source: CoinGape

Vitalik v/s CZ Isn’t Over, Binance CEO mocks Vitalik After Ranking First Among 100 Most Influential Crypto People

With the most engaging profile, Zhao changpeng, CEO of Binance is again ranked 1st among the 100 most influential people in crypto 2019 ranked by Cryptoweekly. The list counts 100 plus individuals that are involved in the crypto community over the past year.
It began with Vitalik’s “burn in hell” comment for centralized exchanges
Among the initial 10 names, along with CZ, the list presented Coinbase’s Brian, Ethereum’s Vitalik, Gemini’s Tyler Winklevoss, Ripple’s Brad Garlinghouse, Roger Ver, Barry Silbert, Jihan Wu, Michael Novogratz, and Adam Back. However, the other renowned faces of the industry including, Tron’s Justin Sun, John McAfee, Charlie Lee, Cameron Winklevoss Bobby Lee, Anthony Pompliano, Vinny Lingham and many other comes down the scroll.
While the announcement may excite all those personalities appeared in the list, CZ’s sense of gratitude to be the first in the list again was quite interesting. The latest tweet of CZ quietly mocks at Vitalik Buterin’s statements so far.

Wow, honored to be first again. I honestly don't think I am more influential than many of the guys on the list, like Vitalik, etc. I just say my mind and talk random sh!t most of the time. Well, Vitalik also says sh!t sometimes, like wishing people to burn in hell. lol… https://t.co/JbqQMf0OB9
— CZ Binance (@cz_binance) January 16, 2019

Again this tweet of CZ pointed out the Vitalik Buterin’s comment in an interview with Jon Evans at Techcrunch session in July 2018 where he criticized centralized exchanges.
“I definitely hope centralized exchanges go burn in hell as much as possible.”
As Coingape reported earlier, this conversation between CZ and Vitalik Buterin has been heated up when in response to it, CZ tweeted:

Got asked a few times, re: “Vitalik’s burn in hell”.
Let’s not wish others to "burn in hell". Let’s have a bigger heart, and appreciate the fact that we are part of an eco-system… pic.twitter.com/4QYGKus0Gk
— CZ Binance (@cz_binance) July 10, 2018

Although CZ is quite vocal about what he feels, and consequently, his tweet of gratefulness towards cryptoweekly, but there seems nothing from Vitalik’s side yet. Many of CZ’s fans congratulated him whilst pointing out what he actually wants to indicate – one of such user points;

Hahaha.. You rock CZ. Your sense of humor is impressive to all of us. It's a great asset than anything else😂😂😂
— Brahma (@Bhramma5) January 16, 2019

Further early today, CZ silently trolled the hacked incident of Cryptopia (but by not naming it anywhere in his tweet) as a way to promote ‘Binance DEX’. Although at first he draws fire on himself since the tweet didn’t indicate ‘DEX promo’ but after the backlash, he had to backtrack. CZ then quickly took Twitter and cleared his viewpoint, explaining that;

Some people seems to misread this tweet. It lists 3 options. It does not say which option is better than another, as that depends on each persons security skill, preference, fund allocation, etc.
Most importantly, it is an ad for the #BinanceDEX. My bad for not making it clear.
— CZ Binance (@cz_binance) January 15, 2019

It clearly indicates Vitalik’s sentiments about centralized exchanges and that being a centralized exchange himself he didn’t like it much. Do you think Vitalik was right in calling centralized exchanges to “burn in hell”?
The post Vitalik v/s CZ Isn’t Over, Binance CEO mocks Vitalik After Ranking First Among 100 Most Influential Crypto People appeared first on Coingape.
Source: CoinGape

Justin Sun’s TRON Brings On Former SEC Attorney as Its First Head of Compliance


Justin Sun’s TRON Brings On Former SEC Attorney as Its First Head of Compliance

The former SEC attorney will help Tron build effective interaction with financial authorities as its first head of compliance.

Justin Sun’s TRON Brings On Former SEC Attorney as Its First Head of Compliance

Continue reading at Coinspeaker
Source: CoinSpeaker

Ethereum Co-Founder Vitalik Buterin Rebuts Criticism From Bitcoin Advocate

Although Ethereum is one of the most well-recognized projects in this budding industry, it has undoubtedly gained notoriety in some circles of the cryptocurrency industry. While many have kept their apprehension self-contained, one gritty cynic took to Twitter to speak his mind, claiming that ETH is best kept a “science experiment.” Yet, Vitalik Buterin, arguably the most notable co-founder of Ethereum, released a long-winded response that aimed to debunk the critic’s conjectures.
Bitcoin Investor Bashes Ethereum
On Friday, Tuur Demeester, an altcoin cynic, Bitcoin proponent, and investor, compiled his years of skepticism towards Ethereum, issuing a 50-part Twitter thread on the matter. Through his scathing messages, Demeester, the founder of Adamant Capital, a so-called “Bitcoin Alpha Fund,” conveyed a multitude of reasons why he’s skeptical of the project.
In his eyes, Ethereum’s underlying architecture and culture is the stark opposite of Bitcoin’s. Yet, the former project is apparently still seeking to achieve decentralization and immutability, while becoming a store of value, an asset issuance platform, and a smart contract facilitator. Demeester sees these unbridled ambitions as non-sensical, explaining the project is a “science experiment at best,” before quipping that its ~$15 billion valuation is too high.
Along with these overarching criticisms, the critic also claimed that the project’s scaling prospects, especially with sharding and Proof of Stake (PoS), are dismal. Demeester noted that nothing gets delivered on time, claiming that the integration of sharding is a “pipe dream,” and that PoS is fundamentally flawed. The Adamant Capital chief even added that the draft Correct-By-Construction Casper whitepaper was lackluster, specifically citing an “unmerciful peer review” from “reputable developers.”
Coalescing his points into a single comment, the Bitcoin advocate flat-out stated that Ethereum is the “Yahoo of our day — an unscalable ‘blue chip’ cryptocurrency.”
Related Reading: Crypto Developments Aplenty at Devcon4, Serenity Among Them
Vitalik Buterin Didn’t Take The Criticism Lying Down
And while Demeester’s comments festered in the mind of the crypto community for a day, on Saturday, Vitalik Buterin made it clear that he wasn’t going to take the criticism lying down. Buterin, a Russian-Canadian coder extraordinaire and long-time Bitcoin community member, took to Ethereum’s official subreddit to release a point-by-point refutation of the critic’s qualms.
Tuur’s criticism discussion thread from ethereum

The developer first claimed that he finds Ethereum’s culture “far saner [than that of Bitcoin],” but joked that he’s evidently biased on that front. Commenting on the “science experiment” quip, Buterin noted that this isn’t a valid argument, potentially touching on the sentiment that at this stage, all blockchain projects are still fleshed-out prototypes. Buterin even rebutted Demeester’s claims that on-scale scaling for Ethereum is nothing more than a quixotic dream, writing:
“The core principles [of sharding] have been known for years, the core design for nearly a year, and details for months, with implementations on the way. Sure, sharding is not yet finished. Though more incremental stuff has been going well, eg. uncle rates are at near record lows despite very high chain usage.”
In closing, Buterin claimed that Demeester skipped over “the progress that the Ethereum community has made in expanding and professionalizing,” even in terms of scaling protocols that could eventually turn the project on its head. And on the matter of PoS qualms, the cryptocurrency savant said that many objections to this consensus mechanism “are cultural, not technical,” subsequently hinting that having a culture that’s fine with tradeoffs is part of Ethereum’s strengths.
Featured Image from Shutterstock
The post Ethereum Co-Founder Vitalik Buterin Rebuts Criticism From Bitcoin Advocate appeared first on NewsBTC.
Source: New feedNewsBTC.com

Ethereum [ETH]’s Joseph Lubin calls cryptobottom for 2018 and provides insight on ConsenSys lay-off

This whole cryptocurrency space was buzzing this week as the price of all the coins made a major comeback, with many breaking their recently set resistance grounds. Apart from the price, the other story that grasped the attention of the entire market was ConsenSys lay-off.
Earlier this week, Verge reported that ConsenSys, a blockchain software development company that focuses on the development of Ethereum, would be laying off around 50%-60% out of the 1200 employees. This news came in the light days after ConsenSys announced a reduction of over 13% of mesh members, adding that they are “streamlining” many departments in the company, including ConsenSys Solutions, Spokes and Hubs services.
Nonetheless, Joseph Lubin, the Founder of ConsenSys and the co-founder of Ethereum, spoke about the news in a series of Tweets. Prior to this, the co-founder of Ethereum spoke about the current price trend of the cryptocurrency market, and called the bottom for the year 2018. He stated:
“I am calling the cryptobottom of 2018. This bottom is marked by an epic amount of fear, uncertainty, and doubt from our friends in the 4th and crypto-5th estates.”
This was followed by Lubin stating that he has witnessed a “rather typical tune: the alarmed, the eulogistic, and the gleeful”, among the “chattering class the past few weeks in response to @ConsenSys 2.0”.
Lubin said:
“ConsenSys remains healthy and is engaging in a rebalancing of priorities and activities which started about nine months ago. We are creating transitions for some projects that we believe don’t fit as well into the ConsenSys 2.0 vision as they did in ConsenSys 1.0, and we are working on ways to continue to support these projects going forward as we sketch plans for a ConsenSys alumni network.”
He went on to say that ConsenSys will not stop investing in external projects and that they will be hiring for their internal projects that are “core” to their “forward looking” business. Lubin added that the company has hired 15 individuals last week who have the job descriptions for they are currently hiring for.

“Some within ConsenSys whose roles have been eliminated recently are looking to fill other roles at ConsenSys. This is a rebalancing of our activities and workforce.”

Joseph Lubin’s statement on ConsenSys 2.0 | Source: Twitter
Vitalik Buterin, the co-founder of Ethereum said:
“Expand up to 1100 people, shrink to 600, keeping the 6/11ths that are most productive: OMG consensys is dead! Expand up to 600 with no shrinking, announce every step of the expansion: wow, the company is prospering! Lulz.”
Vitalik Buterin’s clarification on his previous statement | Source: Twitter
Riccardo Spagni, lead developer of Monero said:
“Expand up to 1100 people, shrink to 600, keeping the 6/11ths that are most productive: they have no idea how to manage capital, capacity plan, or hire. Expand up to 600 with no shrinking, announce every step of the expansion: wow, clearly competent & experienced leadership.”
To this, Buterin said:
“Oh I agree it was a bad to hire 500 people they couldn’t keep. That said, if that’s your angle, then the overlooked news here is that they’re getting *more* competent”
The post Ethereum [ETH]’s Joseph Lubin calls cryptobottom for 2018 and provides insight on ConsenSys lay-off appeared first on AMBCrypto.
Source: AMB Crypto

Week in Review: Cryptocurrency Price Analysis for the week December 17 to December 23

Congressmen Darren Soto introduces the Token Taxonomy Act
This week again Democrat Darren Soto, alongside fellow Congressman Warren Davidson, introduced the Token Taxonomy Act. The new bill plans clear up the confusion around the classification of cryptocurrency. Most importantly, it states that a digital asset is no longer security once it becomes a fully functioning network. A couple of weeks back, Sato had joined hands with Ted Budd to put an end to cryptocurrency price manipulation. The two men had introduced a couple of bills that “direct the CFTC and other financial regulators to make critical recommendations for how to improve the regulatory environment for both the consumer and business development side.”
Facebook back with crypto headlines
According to a report from Bloomberg this week, “people familiar with the matter” have stated that Facebook is working on creating a stablecoin for WhatsApp money transfers. The company is apparently planning to start in India where the country has over 200 million WhatsApp users and $69 billion in annual remittance payments. As always, one will have to take this news with a grain of salt as the announcement isn’t from Facebook itself. Facebook creating a cryptocurrency – a tale as old as time. Facebook has been ramping up its blockchain team, however, boasting about 40 members according to LinkedIn. Former PayPal president David Marcus has been running the Facebook Messenger app since 2014 and currently leads the blockchain division.
Vitalik gives away capital to Ethereum Startups
Gathering some news from Twitter, Third leading cryptocurrency Ethereum creator, Vitalik Buterin, has given away $300K in cryptocurrency to Ethereum startups. Buterin gave away the $300K to three Etherum startups: Prysmatic Labs, ChainSafe Systems, and Sigma Prime. Each of the startups has received 1K Ethereum from Buterin, which was later disclosed in a Twitter thread. All the three startups are reportedly working on to improve the Ethereum network and move it into Ethereum 2.0. ChainSafe is creating an Ethereum 2.0 compatible client; Prysmatic Labs is working to improve scalability, and Sigma Prime is also working on a 2.0 client called Lighthouse.
Hong Kong to tighten cryptocurrency laws
While Mainland China has almost shut its doors for cryptocurrency trading in the country. ICOs and cryptocurrency trading is still allowed in Hong Kong. Now, reports have emerged that be it, crypto exchanges, traders, investors, crypto-based companies or institutions; all will be put under tighter oversight of the Securities and Futures Commission (SFC) in Hong Kong. According to the latest SFC guidelines, now onwards, a license will be required for any investment funds which comprise more than 10% of bitcoin or any other cryptocurrency coins or tokens. The funds can only be sold off to professional investors.
Binance to launch DEX and 10 more fiat exchanges in 2019
This week for exchanges, Binance CEO Changpeng ‘CZ’ Zhao recently was interviewed regarding the latest developments in BTC and Binance and his outlook on the market moving forward. During the interview, CZ was asked about the changes to the expansion strategy of Binance due to melting markets to which he replied saying “Our strategy has not changed at all. We have launched one fiat exchange so far and we are about to launch 2-3 more in the next month or so. Next year we still want to build 10 more fiat exchanges and we are also launching our decentralized exchange (DEX) which is very core blockchain technology based exchange
Source: Coin260.com
Bitcoin (BTC)
Here comes Christmas and so does the Santa Claus rally which brings all green to crypto markets. Its been the first time in past 2 weeks that Bitcoin has moved over USD 4000 continuing the upward journey. The prices hit the high point of USD 4,198.43 and the lowest point of USD 3,253.12 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were,  BitMex (21.94%), CoinBene (3.72%) and DOBI Trade (2.93%)
Among prominent news around Bitcoin, Michael Novogratz has predicted Bitcoin to hit $3,000 to $6,000 In Short Term
Ripple (XRP)
XRP still is at second place as Ethereum continues to take a beating. On the top, this week the prices of XRP were at USD 0.393330 and towards the bottom, it quoted USD 0.286942. The exchanges that were more active, in volumes, with XRP across various pairs this week were ZB.COM (13.07%)  Bitbank (11.00%), and ZBG (7.62%)
For XRP this week, XRP Voted as The Best Christmas “Crypto Gift” on Twitter
Ethereum (ETH)
Ether,like BTC is on the rise and now sits firmly above USD 100 levels. Ethereum on the top, this week was at USD 119.09 and were at lows of USD 85.38. The markets that were more active, in volumes, with ETH across various pairs this week were DOBI trade (6.46%), OEX (4.77%) and OKEx (4.74%)
Among news surrounding Ethereum this week,  Joseph Lubin, Co-Founder of Ethereum and Founder of ConsenSys, blasted his critics (especially crypto “journalists and bloggers”), and said that he could see a “very bright” future for Ethereum and its ecosystem.
The Other Movers and Shakers
The Other coins that made to the top and bottom this week according to Coin Market Cap (accessed on December 23 at 3:35 pm IST) were

Coin – Showing a rise of 211.20%
NKN – Showing a rise of 152.07%
Spendcoin – Showing a rise of 149.16%


Veros – Showing a drop of 95.95%
empowr coin – Showing a drop of 94.79%
True Deck – Showing a drop of 82.20%

What do you think would be the sentiment of the crypto markets next week? Do let us know your views on the same.
The post Week in Review: Cryptocurrency Price Analysis for the week December 17 to December 23 appeared first on Coingape.
Source: CoinGape

Ethereum [ETH]’s Vitalik Buterin donates in cryptocurrency for development of three projects

Vitalik Buterin, the co-founder of Ethereum [ETH], the third-largest cryptocurrency by market cap, is back in the spotlight for donating Ethereum for three projects in the ecosystem. Nonetheless, this step by Buterin was criticized by one of the core developers of the foundation.
The first project to receive a donation from the co-founder of Ethereum was Prsymatic Labs, one of the teams working towards scaling Ethereum. Buterin donated over 1,000 ETH to the project after co-founder Preston Van Loon stated that they were unable to completely focus on scaling towards Ethereum as the team members were still working full-time at other jobs. He said:
“Our biggest distraction @prylabs is that we are still working full time for other jobs. Even with recent grants, it’s hardly enough to take the whole team full time with significant pay cuts and it’s certainly not even for us to scale the team to where we need it.”
To this, Vitalik said:
Vitalik’s reply to Preston | Source: Twitter
Following this donation, the Twitter thread which was initiated for speaking about the progress of Ethereum or lack thereof, soon turned into a donation thread as Buterin continued to giveaway cryptocurrencies to two more projects. The projects are noted to be Sigma Prime and ChainSafe, wherein the co-founder donated 1,000 ETH to each of them.
Paul Hauner, the co-founder of Sigma Prime stated on Twitter:
“Hey, we’re building #lighthouse and have been knocked back for a couple of grants recently. We can certainly turn 1k ETH into more developers!”
Vitalik’s reply to Paul Hauner | Source: Twitter
Vitalik’s donation thread to ChainSafe | Source: Twitter
The last project, ChainSafe, drew the attention of Peter Szilagyi, a core developer of Ethereum Foundation, who went on to say:
Peter Szilagyi’s statement on the last donation | Source: Twitter
Furthermore, Peter stated that he considers the step taken by Buterin “insanely reckless” towards the entire Ethereum ecosystem even though the donation were his own and not the Foundation’s. According to him, this is because the donations undermine the entire idea of the Foundation’s grants system. He added:
“[…] and it is also undermining the idea that working hard get get you ahead. What this just proved is you need to make something @VitalikButerin likes and he’ll bring the lambos.”
The co-founder was quick to respond to the statement by pointing out that ChainSafe is one of the leading projects working towards the development of the ecosystem, according to a list made by Coindesk. Additionally, Peter also spoke about the other concerns related to this particular donation, a majority of the developers have “zero knowledge about computer science fundamentals, and end up designing things that look good, except they don’t work or don’t scale”.
Vitalik’s reply to Peter’s statement | Source: Twitter
The post Ethereum [ETH]’s Vitalik Buterin donates in cryptocurrency for development of three projects appeared first on AMBCrypto.
Source: AMB Crypto

Ethereum [ETH]’s Vitalik Buterin: Proof of Stake [PoS] is much more efficient than Proof of Work [PoW]

Vitalik Buterin, the co-founder of Ethereum, the third largest cryptocurrency by market cap, spoke about the reason for opting to Proof of Stake [PoS] from Proof of Work [PoW], in an interview with Blockchain Insider.
Buterin started by giving a brief introduction of Proof of Stake and Proof of work, stating that PoS is a different kind of a consensus mechanism from Proof of Work. Buterin further added that PoW is just a way for computers, that make up the Bitcoin, Ethereum and other networks, to talk to each other and agree on “what messages to process in what order”. He said: 
“Proof of work you can think of it as a kind of sort of voting mechanism where you know one unit of computing power one vote well that’s a huge oversimplification but it’s kind of an ok way to think about it proof of stake replaces that with like essentially one coin inside of the system equals one vote”
He went on to say that both the mechanisms are kind of similar as they use economic resources to “gatekeep what level of participation you can have in the network”, adding that this is one of the factors that is necessary. If this was absent, then a participant could pretend to be a “billion fake participants”, and take over the entire network.
Buterin further stated that Proof of Stake is better at this in comparison to Proof of Work, adding that there were a couple of reasons for the same. He said:
“One of them is that with Proof of Work in order to prove that you actually have in these computing power you have to basically turn on these computers and have them solve mathematical puzzles 24/7 and this means to a huge amount of energy consumption”
He further elucidated:
“and I think, a Bitcoin is at the point of exceeding probably the majority of the world’s countries and Ethereum is definitely not nearly at that point but it still and much higher than I would like it to be”
Additionally, Buterin stated that PoS is much more efficient as the only pre-requisite is to prove that one has coins and sign a digital signature with the same cryptographic key that has those coins, and thereby decreasing the energy consumption of the network.
The post Ethereum [ETH]’s Vitalik Buterin: Proof of Stake [PoS] is much more efficient than Proof of Work [PoW] appeared first on AMBCrypto.
Source: AMB Crypto

Ethereum [ETH]’s Vitalik Buterin: Next wave of crypto adoption is not going to be built on hype

Vitalik Buterin, the co-founder of the third biggest cryptocurrency, Ethereum, spoke about the evolution of the cryptocurrency space, in an interview with Smart Valor. He also spoke about the next big wave for the cryptocurrency space for 2019.
Buterin started by speaking about the advancement of the space, remarking that it has “definitely grown a lot.” He added that in 2014, the space was filled with the Ethereum team, a few companies and a couple of people. He went on to say:
“Every time I come here, the space definitely keeps growing and at this point, it’s looking like it’s just huge, you know. There’s just people in all of the different universities get interested in the technology, seeing the interest from just all the sheer number of companies that are based here.”
The co-founder added that the space has witnessed a massive progress. He also spoke about the regulatory environment in the cryptocurrency space, stating that it “seems” to continue to be friendly. Buterin went on to say “it’s definitely great when you don’t have one of those kinds of issues hanging over your shoulders.”
The co-founder elucidated on the price of all the cryptocurrencies. The cryptocurrency has seen a massive drop since it reached its all-time high, with Ethereum even losing it’s second position to XRP. Additionally, most of top cryptocurrencies in the market have lost more than half of their values since the beginning of this year.
On this, Vitalik believes that the space currently requires more “actual applications” of the technology for it to move forward, on which the entire team has been striving to build for a long time. He said:
“Like basically the next wave as of crypto adoption is not going to be built on hype because the hype is basically already come. It has to come from really useful applications and things delivering value to people”
The post Ethereum [ETH]’s Vitalik Buterin: Next wave of crypto adoption is not going to be built on hype appeared first on AMBCrypto.
Source: AMB Crypto

Vitalik Buterin Receives Honorary PhD from Basel University

One of the co-founders of the second largest public blockchain on the planet has received an honorary doctorate from the University of Basel. Vitalik Buterin received the recognition from the institution for his role in helping to build the Ethereum network.
That’s Dr. Buterin to You..!
According to a post from the University of Basel, the institution has just awarded Vitalik Buterin an honorary doctorate for his work on the Ethereum blockchain. As part of a traditional ceremony celebrating the university’s “Dies Academicus”, the co-founder of the most well-known smart contract platform was amongst a group of nine other individuals being celebrated.
Also in receipt of doctorates were: writer Hansjörg Schneider, hospice founder Verena Grether, medical engineer Robert Riener, judge Thomas Stadelmann, neuroscientist Thomas Insel, theologian Hans-Martin Barth, illustrator Armin Coray, and economist Beatrice Weder di Mauro.
Following the award ceremony, the institution tweeted the following:

.@VitalikButerin receives an honorary doctorate from the Faculty of Business and Economics of the University of Basel. The co-founder of @ethereum has made outstanding achievements in the fields of #cryptocurrencies, smart contracts and the design of institutions. pic.twitter.com/6d6ftTG56n
— University of Basel (@UniBasel_en) November 30, 2018

During the video posted above, the institution states that Vitalik:
“… makes a groundbreaking contribution to promoting decentralization and equal participation in the digital revolution.”
It makes a lot of sense for a Swiss university to celebrate blockchain developers in such a way. The nation has quickly become one of the planet’s main hubs for innovation relating to the technology. Thanks to favourable taxation policies, many digital asset-focused startups have decided to settle there.
Further education facilities have been taking progressively more notice of blockchain technology and cryptocurrencies over the last few years. The numbers of blockchain developer courses offered around the world is growing everyday and even the occasional high school has made the effort to educate students and parents on the fintech innovation.
Universities are not just interested in the technology side of cryptocurrencies, however. It recently emerged that perhaps the most respected higher education endowments manager on the planet, David Swensen, has diversified Yale’s investments to cover two crypto funds focused on not only blockchain startups, but also digital currencies themselves.
Related Reading: Ethereum’s Vitalik Buterin Receives Proposition from Google
Still A Long Way to Go for Ethereum
Despite the University of Basel taking notice of Vitalik for his work on blockchain technology, the platform he designed is still far from complete. Work is ongoing on a number of different protocol upgrades for Ethereum. These include a scaling solution known as Plasma, which Vitalik recently stated was nearing completion, but problems have since emerged.
On top of this, a plethora of other upgrades are in the pipeline aimed at improving the efficiency of the “Ethereum Virtual Machine.” The eventual goal is to do away with power-intensive mining altogether and instead use a proof-of-stake consensus finding system.
Featured image from Patricia Beatrix Villanueva via Unsplash, copyright free.
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