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
— 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:
— 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 –
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…
— 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…
— 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

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
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.
— 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.
The post Vitalik Buterin Receives Honorary PhD from Basel University appeared first on NewsBTC.
Source: New

Ethereum Price Analysis: ETH/USD Price Hover above $100, Risk of $38?

Latest Ethereum News
Thing is, Ethereum is designed as a world’s super computer. It can work in isolation as a crowd funding and a dApp building platform where investors can get in via fiat-crypto on ramps as a means of direct investment in promising products. At the same time, companies can build their systems over Ethereum thanks to the underlying security and efforts by the team to solve scalability and further bolster the network security despite slumping ETH prices.
But even in the midst of this bullish development as companies race to implement various blockchain based solution with nothing more than the desire to take advantage of the hype around “blockchain” or “distributed Ledger Technology”, Vitalik—in a recent interview with Quartz–is issuing a warning to appropriators saying this misapplication would lead to “wasted time”.
Read: Blockchain Capital, Coinbase Invest $12.75 Million in Security Token Issuance Platform
He went on to further say that not all companies stand to reap the benefits of blockchain and crypto as it will “still needs much more time to be worked out before it makes sense at scale”. Nonetheless, projects involved in cross-border fund transfer or remittance companies and transactional based companies are the obvious beneficiaries.
Also Read: Blockstack CEO: Crypto Winter is Here But the Next Wave Will be Massive
While at it, Vitalik said he “doesn’t understand deeply” why IBM and other corporations are rolling out blockchains because to him it will lack decentralization that is the hallmark of blockchain.
ETH/USD Price Analysis
Weekly Chart

At spot price, ETH/USD is down +85 percent from 2017 peaks and unfortunately for ETH holders, ETH/USD is trading within a bear breakout pattern and at the moment, bottoms aren’t visible. Previously, we had emphasized the need of buyers to keep up the pressure and break above week ending Sep 9 at $250 for bulls to be in charge.
However, the drop of BTC prices seem to have triggered a wave of sell pressure than saw bears melt below the main support line at $160 confirming losses of early August completing a classic bear breakout pattern.
Unless otherwise there are rejection of lower lows and buyers build enough momentum to reject further loses below $100, ETH might as well drop to $38 and even the undesirable $1 mark as the chart shows.
Daily Chart

As visible from the chart, ETH/USD is in a downtrend and after dropping to third following their 29 percent drop of last week, it is likely that bears will step on the gas pedal.
Notice that as mentioned above, ETH is trading within a bear breakout pattern and it will be ideal if prices recover towards $160 before resuming trend. That might happen going forward as because bears are in charge, every high would be a selling opportunity.
But, if sell pressure is too high and we see prices dip below $100 or Nov 25, then odds are ETH would likely drop to $38 or lower going forward.
All Charts Courtesy of Trading View
Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.
The post Ethereum Price Analysis: ETH/USD Price Hover above $100, Risk of $38? appeared first on NewsBTC.
Source: New

Ethereum Developers Secretly Planning a Surprise Upgrade of the Networks


Ethereum Developers Secretly Planning a Surprise Upgrade of the Networks

An internal document reveals that a group of developers is working to fast-track implementation of new changes in the upcoming network upgrades.

Ethereum Developers Secretly Planning a Surprise Upgrade of the Networks

Continue reading at Coinspeaker
Source: CoinSpeaker

Tron is Getting Stronger as it Closes on USD 2 Million Transactions Per Day

Tron, as a project, is taking giant strides every day as it inches closer to Ethereum challenging its position and supremacy in the cryptoshpere.  In a recent tweet, Justin Sun, the founder of the project, announced that Tron has broken another record as it inched towards 2 million transactions per day.
Justin’s Tron just getting better as it prepares to take over Ethereum
According to the latest Tweet put forward by Justin Sun, Tron scaled a new record-breaking height as it recorded 1,841,055 transactions per day inching, closer to USD 2 million transactions a day. According to Sun’s tweet, it’s only a matter of time Tron will scale the USD 2million transactions per day creating a new milestone for itself.

New record 1,841,055 Txs per day! Will break 2 million very soon! #TRON #TRX $TRX
— Justin Sun (@justinsuntron) November 24, 2018
According to the picture that forms part of the tweet, Tron currently has 1911 online nodes and has reached a block height of 1424121. It also shows that the MainNet has been able to achieve a Maximum of 748 transactions per second which incredible for a relatively nascent ManiNet. At this speed, in no time Tron would take over Ethereum
And it’s not just the Tron MainNet that growing in performance, its Dapp’s are also changing the game for Tron to take over Ethereum
In October, Tron’s dApp, TRONbet made more than half a million individual transactions which were far greater than Ethereum’s daily transaction volume. This suggests that the TRON dApps perform better than Ethereum dApp IDEX.
The daily active users on TRONbet are around 1,923 when Ethereum IDEZ has just under 950. Even though TRON has less decentralized apps, the increase in the number of transaction makes it outperform Ethereum.
In September, Justin Sun had taken a dig at Ethereum misery as it had asked Dapps to use Tron over Ethereum as it was 100 times faster than Ethereum and was fully compatible with Ethereum.

Yes! Please stop deploying d-apps to Ethereum and migrate to #TRON network immediately! We are 100x faster than #ETH and fully compatible with #ethereum. We 100% guarantee better user experience! #TRX $TRX
— Justin Sun (@justinsuntron) September 24, 2018
This was in reply to Afri Schoedon, a developer based in Berlin, Germany who claims himself to be a blockchain minimalist tweeted asking D App developers to stop using Ethereum to deploy their D-apps as it is running out of capacity.

Please stop deploying d-apps to Ethereum. We are running at capacity.
— Afri (@5chdn) September 20, 2018
Well Tron looks rock solid in front of Ethereum misery and it looks like Justin Sun will have the last laugh in ann epic contest between Sun’s Tron and Buterin’ Ethereum
Who will be the ultimate winner of this fight: will it be the patient but deadly Justin Sun or will it be the beyond aggressive Vitalik Buterin? Do let us know your views on the same.
The post Tron is Getting Stronger as it Closes on USD 2 Million Transactions Per Day appeared first on Coingape.
Source: CoinGape

Vitalik: Relationship between Crypto and Fiat is that of Co-existence and not Competition

Since the time cryptocurrencies have come into existence, it has been universally assumed that they would one day replace Fiat currencies issued by central banks. But there also lies a possibility of fiat and cryptos coexisting. Well according to Vitalik Buterin, the current relationship between cryptocurrencies and fiat is that of co-existence and not competition.
Is it possible for Fiats and Cryptos to co-exist?
As per the news published Nikkei news, Vitalik Buterin said in an interview that the relationship between cryptocurrency and legal currency is not competition, but coexistence. According to him blockchain technology has produced practical value and expressed his confidence in blockchain’s effectiveness.
When talking about the bear market in the crypto industry, Vitalik said that there has been an existence of a bubble in the industry but has contracted. Vitalik also mentioned that excessive excitement or panic is human nature and that’s has led to the speculative fever which took the prices up in the latter half of last year and the decline in the price since entering this year.
Vitalik, being a founder of Ethereum, has been a big propagator of cryptocurrencies but has been pretty vocal on the changing dynamics of the industry and economies. Vitalik usually is not a big fan of centralized organization and has always been found criticizing them.
In July this year, Vitalik, while speaking at the TechCrunch Sessions Blockchain event in Zug, Switzerland had said that he does not see any future for centralized crypto exchanges and believes they should “burn in hell”.
Last year in October, Vitalik had said that he isn’t worried about coming competition from the central banks of the world as then he had downplayed the possibility of countries creating digital versions of their currencies that could rival or displace bitcoin or Ethereum.
A change in Vitalik’s stance towards Fiat leads to an interesting debate as this is not the first time someone had spoken about the co-existence of cryptos and fiats.
Earlier in 2017, the South Korean central bank had also echoed the same idea of co-existence of cryptocurrencies and Fiats. Since then a lot of experts, regulators, and analyst have bought up the same idea. How much of that would come true is yet be seen but surely this could be a situation if things don’t move quickly on either side.
Do you think this model of crypto- fiat co-existence possible? Do let us know your views on the same
The post Vitalik: Relationship between Crypto and Fiat is that of Co-existence and not Competition appeared first on Coingape.
Source: CoinGape

The Rising “Extremism” In Crypto, Is Craig Wright the Most Disliked Person in Crypto?

Craig Wright is not the most likable person in the crypto universe ever since he had “falsely claimed” to be Satoshi Nakamoto. The controversy surrounding him has continued to grow as has been found regularly bantering against some prominent names in the cryptocurrency world. And the latest drama of BCH fork has just aggravated things as a lot of prominent guys passed negative comments on him.
Is Craig Wright actually a villain in the crypto world?
Craig Wright is not in a very sweet spot right now. He has been receiving criticism from all corners and from a lot of prominent personalities of the crypto world are attacking him for his claims and threats that he has been issuing with respect to the latest BCH hard fork. The very recent threat, where he took the crypto world for ransom by threatening to send Bitcoin price down to $1000 as BCH prepares to split.
Tweeting ahead of the split of the Bitcoin Cash protocol which itself is a fork of the ‘core’ Bitcoin blockchain from August of 2017 Wright warned Bitcoin miners that, if they show support for the Roger Ver/Jihan Wu (Bitmain)-backed Bitcoin Cash ABC (BCH) over his Bitcoin Satoshi’s Vision (BSV) project, he would be looking to fund his side of any ensuing ‘hash war’ battle by selling off bitcoins and bringing the price to USD 1000.

To all BTC miners…
If you switch to mine BCH, we may need to fund this with BTC, if we do, we sell for USD and, well… we think BTC market has no room… it tanks.
Think about it. We will sell A Lot!
Consider that….
And, have a nice day
(BTC to 1000 does not phase me)
— Dr Craig S Wright (@ProfFaustus) November 14, 2018
This statement has gathered a lot of criticism.  Joseph Young, the known journalist has gone on to say that “Craig Steven Wright was a villain and now he’s just cancerous. He’s affecting both Bitcoin and Bitcoin Cash in a negative way, starting a hash war”

At first, Craig Steven Wright was a villain.
But now, he’s just cancerous. He’s affecting both Bitcoin and Bitcoin Cash in a negative way, starting a hash war which wastes resources on both chains.
It’s all personal for him, he’s a maniac. Don’t support this fool.
— Joseph Young (@iamjosephyoung) November 15, 2018
Craig had, some days back, threatened Roger Ver with disrupting cryptocurrency trade worldwide in retaliation for the forthcoming Bitcoin Cash hardfork. This is how Craig Wright reacted to Ver’s statements of support for the hard fork announced by BitcoinABC:
“If you want war… I will do 2 years of no trade. Nothing. In the war, no coin can trade. If you want ABC, you want shitcoins, welcome to bankruptcy <…> I will see BCH trade at 0 for a few years <…> Side with ABC, you hate bitcoin, you are my enemy. You have <…> no idea what that means. You will. I AM Satoshi <…> Your choice.”
He had also received some negative comments from Vitalik Buterin when Tim Copeland shared a news on Craig comments on the Fork, and mentioned that “Vitalik Buterin believes Craig Wright should not have a voice”

Vitalik Buterin believes Craig Wright should not have a voice. While many disagree with his beliefs, tactics and conduct–I believe he has a right, like anyone, to be heard. So, here is his side. @VitalikButerin @JihanWu @CobraBitcoin #bitcoincash #crypto
— Tim Copeland (@Timccopeland) November 12, 2018
to which Vitalik replied “Craig Wright absolutely should have a voice. But so, do all of us.

Vitalik Buterin believes Craig Wright should not have a voice. While many disagree with his beliefs, tactics and conduct–I believe he has a right, like anyone, to be heard. So, here is his side. @VitalikButerin @JihanWu @CobraBitcoin #bitcoincash #crypto
— Tim Copeland (@Timccopeland) November 12, 2018
In August, Vitalik had asked BCH community to not to follow Craig Wright.

The BCH community should NOT compromise with Craig Wright to “avoid a split” and should embrace it as an opportunity to conclusively ostracize and reject him. Bitcoin Craig (BCC) can go take the ticker symbol from the now-defunct cryptocurrency to which it is a fitting successor.
— Vitalik Non-giver of Ether (@VitalikButerin) August 22, 2018
Whether right or wrong, Craig Wright is definitely losing some face here but getting into a battle with everyone in the industry. Let’s see how does he react once the fork goes underway.
Is Craig Wright really a villain or is it that others have ganged up against him? Do let us know your views on the same.
The post The Rising “Extremism” In Crypto, Is Craig Wright the Most Disliked Person in Crypto? appeared first on Coingape.
Source: CoinGape