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“# Multicoin Capital leads Eden Network’s $17.4M seed raise ” Ethereum transaction protocol Eden Network has raised $17.4 million in seed funding from some of blockchain’s biggest venture funds, underscoring the need to address ongoing challenges facing the block production economy. The funds will be used to support the adoption of Eden Network among developers,…
“# Altcoins book 50% gains after Bitcoin and Ethereum set a path to new highs ” The bullish momentum across the cryptocurrency market continued to build on Sept. 3 as a market-wide rally lifted the prices of most altcoins and boosted Bitcoin (BTC) and Ether (ETH) above their respective resistance levels at $51,000 and $4,000….
“# Bug in Ethereum client leads to split — EVM-compatible chains at risk ” A major consensus bug has affected more than half the Ethereum network’s nodes, causing those running older versions of Geth to split from the main network. According to Ethereum software developer Marius van der Wijden, an attacker exploited a vulnerability affecting…
“# Cardano chalks a bearish wedge as ADA price soars by over 100% in Q3 ” The latest rally in the Cardano (ADA) market has activated a classic bearish pattern that threatens to lower its prices by as much as 15%. Dubbed as a rising wedge, the textbook pattern forms when the price consolidates between upward…
“# Cardano price eyes $3, but ADA chart fractal hints at a potential 40% correction ” Cardano blockchain’s native asset, ADA, reached a new record high on Monday as investors pinned hopes on an upcoming smart contracts feature that expects to boost the cryptocurrency’s adoption. The ADA/USD exchange rate topped out at $2.899 around 9:00 am…
“# Bitcoin Cash ABC rebrands to ‘eCash’, embraces proof-of-stake — and 2 decimal places ” Bitcoin Cash ABC (BCHA), the embattled cryptocurrency project that has forked away from both Bitcoin and Bitcoin Cash, has rebranded to eCash (XEC). The project’s re-launch will see it integrate proof-of-stake consensus layer “Avalanche,” introducing staking and greatly increasing the…
“# US lawmaker introduces bill aimed at protecting ‘forked assets’ from IRS ” Minnesota Rep. Tom Emmer has reintroduced a bill aimed at preventing the IRS from imposing penalties or fees on crypto taxpayers with forked assets. In an announcement from Emmer on Monday, the congressperson from Minnesota said he had once again introduced the…
“# Grayscale’s BCH trust loses $1.6M in value as hard fork begins ” The value of assets under management for crypto fund manager Grayscale Investments’ Bitcoin Cash Trust has fallen $1.6 million following the announcement that the crypto asset would be forking on Nov. 15. According to data from Coin Dance, the Bitcoin Cash (BCH)…
“# 1.5M Bitcoin Cash deposited on exchanges as fork looms ” Bitcoin Cash (BCH) hodlers are scrambling to get their coins onto exchanges ahead of the hard fork expected for Nov. 15. According to Chainalysis, nearly $140 million worth of BCH has flowed onto exchanges in just the past week, bringing November’s total up to…
“# Fork in the node: Bitcoin Cash Node on track to oust Bitcoin ABC ” Bitcoin ABC, the historically dominant implementation of Bitcoin Cash (BCH), appears on the brink of giving way to a community-driven mutiny in the form of Bitcoin Cash Node (BCHN). According to Coin Dance more than 75% of nodes have signaled…