'500 Transactions a Second': Vitalik Says Zk-Snarks Could Scale Ethereum

A form of cryptography pioneered by zcash might help scale ethereum, founder of the platform Vitalik Buterin said on a research forum Saturday. Named zk-snarks, Buterin said, by using the tech, ethereum can potentially scale “by a huge amount,” up to 500 transactions per second, without relying on layer-two scaling solutions, such as Plasma or Raiden. As detailed by CoinDesk, zk-snarks allow for large batches of information to be compressed…

Has Bitcoin Gone Mainstream? Four Signs Prices Could Continue To Climb

The bitcoin price recently climbed over the $8,000 mark for the first time since May 2018, according to CoinMarketCap. Many investors are now wondering if the tide has officially turned and the bull market is here to stay. Billionaire investor Marc Lasry told CNBC that the price of bitcoin could reach up to $40,000 as it becomes more accepted and easier to trade. I believe that as regulatory uncertainty in the…

One Blockchain System To Rule Them All, With Multiple Goals To Score In

Blockchain technology, in conjunction with a ‘ring of power,’ could help unite players and fans in the sports space.Pixabay/Andrew Rossow “It began with the forging of the great rings…And nine, nine rings were gifted to the race of men, who above all else desire power. For within these rings was bound the strength and will to govern each race. But they were all of them deceived, for another ring was made……

WEF — Blockchain Could Improve Multiple Spheres of Global Economy

If recent reports come to fruition, blockchain technology has the potential to have a massive financial impact on the global trade industry. The World Economic Forum (WEF) released an optimistic outlook for the global economy, which would be driven by the impact and adoption of blockchain technology in the next 10 years. According to the organization, blockchain could bolster global trade to the tune of $1 trillion by 2028. The…

$6.9K Is the New Price to Watch for Bitcoin Bulls

Bitcoin has pulled back from 17-days highs clocked over the weekend and risks losing bullish bias if prices close below $6,600, technical studies indicate. A break below that level will make it far harder for the bulls to force a major upside breakout above the crucial resistance at $6,970. However, if prices hold above $6,600 in the next 24 hours, that target may be achievable. The leading cryptocurrency was solidly bid…

How Cathie Wood Bought Bitcoin and Ruled the ETF Rankings

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Ethereum Price Analysis: ETH/USD Eyeing Break Above $254

Key Highlights ETH price is placed nicely above the $240 support area with positive signs against the US Dollar. There is a new contracting triangle forming with support near $240 on the hourly chart of ETH/USD (data feed via Kraken). The pair may well break the $247 and $250 resistance levels to trade to a new weekly high. Ethereum price is consolidating gains against the US Dollar and bitcoin. ETH/USD…

Dubai Department of Finance Launches Blockchain-Based Payment System for UAE Gov't

The Dubai Department of Finance (DoF) has partnered with the Smart Dubai Office (SDO) to launch a blockchain-powered payment system. The news was reported on by a local news site Zawya, September 23. The new platform, called “Payment Reconciliation and Settlement,” was officially launched Sunday, September 23. It is reportedly geared towards government entities, such as the Dubai Police, Roads and Transport Authority (RTA), Dubai Health Authority (DHA), and others….

Handling of Recent Bitcoin Bug Ruffles Feathers

Bitcoin Core developers urged all nodes to implement a patch on Friday, September 21, in order to prevent the exploitation of a recently discovered bug in the Bitcoin protocol. The bug, called CVE-2018-17144, was originally reported to the Bitcoin Core team by Bitcoin Cash developer Awemany on September 17. A Bug in the System The discovery of the bug and the Core developers attempts to address it have caused ruffled feathers…

Ethereum (ETH) Reclaims the Number 2 Spot After XRP's Recent Surge in The Markets

There is doubt that XRP has experienced one of the most impressive last few days in the crypto markets. It all started on the 17th of September when one of Ripple’s Executives hinted that xRapid would be going live in the next month or so. Sagar Sarbhai, head of regulatory relations for Asia-Pacific and the Middle East at Ripple, was the executive who made the following comments with regards to xRapid…