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Ethereum

Ethereum [ETH] falls into the bear trap, becomes biggest loser among top 5 cryptocurrencies after BCH

Akash Anand

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Ethereum [ETH] falls into the bear trap, becomes biggest loser among top 5 cryptocurrencies after BCH
Source: Unsplash

The market opened today, 29th September, to most of the cryptocurrencies seeing red, indicating a polar shift from yesterday when most of the coins were on a rise. Popular cryptocurrencies like Bitcoin [BTC], Ethereum [ETH] and XRP were all sliding, indicating the strengthening of the bear’s grasp.

At the time of writing, Ethereum [ETH] was falling at a rate of 5.82% with a total market cap of $22.179 billion. The cryptocurrency was trading for $216.91 with a 24-hour market volume of $1.888 billion. Ethereum has lost its strong lead in terms of market cap with XRP with the difference falling to $997 million.

The cryptocurrency had fallen from a height of 231.27 which it held yesterday after which the bears pull bought it down to its current hold of $216.91. Most of the Ethereum trade volume was held by Binance with a majority of 5.94%. The total volume on the exchange amounted to $130.06 million which was closely followed by Bitfinex’s $97.44 million.

Ethereum was also in the news recently when the cryptocurrency supported Opera Labs was launched for desktops as a beta version. The browser also includes a cryptocurrency wallet feature, a move aimed to push cryptocurrencies into the realm of mainstream adoption.



Charles Hammel, the Product Lead if Opera Crypto had earlier stated:

“Having a Crypto Wallet in the browser brings the cash experience to the world of online payments. Paying with the Crypto Wallet is like sending digital cash straight from your phone, and we’ve just made it easier. This opens up new possibilities for merchants and content creators alike.”

Ethereum was also bought up in conversation by Justin Sun, the Founder of Tron Foundation who asked users to switch to the Tron Network from the Ethereum network. His tweet read:

“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!”

 





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Engineering graduate,crypto head and Arsenal fan. Is fascinated by technology and all its marvels. Strictly against pineapple on pizza.

Ethereum

Ethereum [ETH]: Samsung planning to create its own ETH-based blockchain; may issue own token soon

Akash Anand

Published

on

Ethereum [ETH]: Samsung in the works to create its own ETH-based blockchain, may issue own token soon
Source: Pixabay

The mainstream adoption of cryptocurrencies and blockchain technology has come a long way, with many financial and non-financial institutions now entering the mix. Technology giant, Samsung, is not new to the field, as the South Korean organization previously blew up the cryptosphere by meshing crypto with the launch of the company’s latest flagship device, the Galaxy S10.

Latest reports now suggest that Samsung is getting more serious about virtual assets, as the company might be on its way to create its own Ethereum [ETH]-based blockchain network, with the prospect of launching its own cryptocurrency token in the near future. An anonymous official from the organization stated,



“Currently, we are thinking of private blockchain, though it is not yet confirmed. It could also be public blockchain in the future, but I think it will be hybrid—that is, a combination of public and private blockchains.”

Sources from within the company added that blockchain technology is being developed by the wireless technology division of Samsung. Despite the fact that it has not been confirmed as to what devices will provide support for the blockchain, a company official revealed that “some models are being tested for it.”

Samsung’s tryst with Ethereum has been ongoing for quite some time now, with previous developments suggesting that Ethereum could be vulnerable on the S10 device. This was evidenced by a video put out by a user ‘darkshark’ on Imgur, in which it was shown how easy it was to crack the phone. Darkshark stated,

“This brings up a lot of ethics questions and concerns. There’s nothing stopping me from stealing your fingerprints without you ever knowing, then printing gloves with your fingerprints built into them and going and committing a crime.”





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