This ICO Startup Didn’t Die During Crypto Winter. It Has DAI to Thank

The Takeaway: Monolith turned a $16.9 million ICO into $25 million-worth of assets by riding the bull market of 2017 then taking out DAI loans. This DAI strategy is increasingly common among ethereum-centric startups. MakerDAO and Monolith are now collaborating to connect DeFi loans to a European Visa debit card. Ether fans can spend crypto […]

Continue Reading

These Bitcoin Users Want DAI and DeFi – Here’s How They Plan to Get It

Summa co-founder James Prestwich wants to bridge the great divide: bitcoin vs. ethereum. Now his firm is teaming up with fellow blockchain startup Keep to launch the Cross-Chain Working Group, which aims to create a protocol for using bitcoin on ethereum-based systems. The group hosted its first meeting on Thursday with more than 40 participants, […]

Continue Reading

From Ghana to the Bronx, Meet the Teen Bitcoiners Building the Future

Jemima Joseph, 18, is working a summer job as a social media manager for a crypto startup after graduating from high school in the Bronx. And she learned how to make her first cryptocurrency transaction, a purchase using zcash, with the Flexa mobile app.  It was a summer day, so hot the air outside felt […]

Continue Reading

Bitcoin’s Pummeling Ethereum – Here’s Why ETH Will Get Revenge

Ethereum, like most altcoins, has been clobbered by bitcoin in 2019, losing more than 39% against the flagship cryptocurrency. ETH recently broke below its historical support of 0.025 BTC and printed a fresh all-time low of 0.020138 BTC on Binance on July 16. With no support to keep its head above water, bears warn that […]

Continue Reading

Golem Execs Depart to Pursue ‘Riskier’ Research With New Non-Profit

Executives from multi-million dollar startup Golem Factory are launching a new non-profit initiative called the Golem Foundation to pursue more ambitious research and development opportunities. As stated in a June 28 blog post by Julian Zawistowski, CEO of the Golem Factory, the aim of the Foundation is to “strive for new – perhaps innovative and […]

Continue Reading

Above $300: Ether Price Clocks 10-Month High

The price of ethereum’s native cryptocurrency ether (ETH) surpassed $300 today to hit ten-month highs. The world’s second largest cryptocurrency by market capitalization climbed above the psychological hurdle at 01:10 UTC and extended gains further to $306 – a level last seen on August 19, 2018. As of writing, ETH is changing hands at $304, […]

Continue Reading

The Real Discussion About Ethereum’s Next Hard Fork Is About to Begin

More than two dozen ethereum improvement proposals (EIPs) have been submitted for review and inclusion in ethereum’s next system-wide upgrade or hard fork, dubbed Istanbul. The list – with 28 official EIPs and at least one other set to be added – include changes to the $27 billion network that impact its mining algorithm, code […]

Continue Reading

$19 Million: Ethereum Foundation to Fund Work on 2.0 Upgrade, Plasma and More

The Ethereum Foundation detailed Tuesday how an estimated $30 million will be spent by the organization on key projects within the ethereum ecosystem. The group said that $19 million has been earmarked over the next 12 months to be put towards “building the ethereum of tomorrow.” Namely, this includes an ambitious scaling upgrade dubbed ethereum […]

Continue Reading

‘Tackling Real World Issues’: Hackers at ETH New York Build Apps Geared Towards Social Change

If building decentralized financial applications was the motto topic of Ethereal, the ethereum hackathon ETH New York was all about discussing the social impact of such applications. Speaking to a group of high school students at ETH New York, Mariano Conti – head of smart contracts at the MakerDAO Foundation – asked foundational questions surrounding […]

Continue Reading

Ethereum Price Spikes 9% to Break the Ceiling with Bullish Bitcoin Raging

By CCN: The price of Ethereum (ETH) has surged by nine percent against the U.S. dollar in the past 24 hours following the 38 percent rally of bitcoin in the past 30 days. The price of Ethereum has spiked 9 percent on the day against the U.S. dollar (source: coinmarketcap.com) The recovery of Ethereum was […]

Continue Reading