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EOS and Ethereum (ETH) Update, is 2019 Their Year?

Today, we’re taking a closer look at EOS and Ethereum (ETH).

The cryptocurrency market has corrected again after having strong gains the first few days of the new year. The total cryptocurrency market cap is sitting just below $130 billion. One year ago, the market cap was just over $750 billion. The market took a nosedive in January of 2017 and continued to slide all year. In mid-April and early-May, the market began to correct and saw consistent strong gains, only to correct and downslide again. 

EOS

EOS remains the fifth-largest cryptocurrency by total market cap. The blockchain project is run by Block.one. Last year, Block.one held the EOS Global Hackathon, which gave prize money for building on the EOS blockchain.

It seems the marathon was deemed a success, due to the company’s latest tweet. Despite the downturn of the crypto market in 2017 and loss of jobs across the board, Block.one is hiring in 2019.

Many major blockchain projects and news outlets had to make job cuts throughout 2018 due to lack of interest and money being poured into the industry. It seems EOS is going strong, despite the dip.

According to CoinMarketCap, EOS is currently trading at $2.67 a share, up 0.11% in 24 hours.

Ethereum (ETH)

Ethereum had quite a bull run this past week and regained its second-largest cryptocurrency by total market cap spot once more. ETH is up over 11% for the week.

>> Ethereum will Hold Apple and Tesla Stock Next Week

Vitalik Buterin has been tweeting his opinions on government and the world lately, but not giving Ethereum updates. However, just before Christmas, the Ethereum co-founder reminded the crypto community of this:

Casper is an important progression in Ethereum, so positive movement none-the-less. The co-founder has never concerned himself with the price of ETH and has always focused on the tech. Proof-of-stake implementation on the Ethereum blockchain began back in June of 2018 and developers are steady at work advancing it.

According to CoinMarketCap, ETH is currently trading at $150 a coin, up +0.91%.

Will 2019 be a strong year for EOS and Ethereum (ETH) foundationally? We shall see!

Featured Image: Depositphotos © znm666

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Ethereum (ETH), EOS, and Litecoin (LTC)

Ho-ho-ho, looks like Santa put crypto on the nice list. Crypto is in the green today! We’re going to take a closer look at Ethereum (ETH), EOS, and Litecoin (LTC) to see if anything is going on with these coins.

Let’s dig in!

Ethereum ETH

At the time of writing, ETH is selling for $135.10, which puts the coin up 14.02% in the past 24 hours.

Ethereum
Source: CoinMarketCap

With a market cap of $14.06 billion, Ethereum is now the 3rd largest cryptocurrency, beat out by Ripple (XRP) not too long ago, and of course, Bitcoin (BTC) as usual.

The Ethereum team is currently looking for dApps that will have an impact on the economy and on communities across the globe by solving real-world issues. If you’re building a dApp for ETH that you think is worthy of the cause, then consider filling out the survey provided by the team. You might just have the next big dApp!

EOS

At the time of writing, EOS is selling for $2.68, which puts the coin up 13.03% in the past 24 hours.

Ethereum
Source: CoinMarketCap

EOS is the 5th largest cryptocurrency and has a market cap of $2.43 billion.

Like the Ether team, Block.one is also on the lookout for dApps being built on the EOS blockchain. People interested in sharing their EOS dApps are welcome to email the team at spotlight@block.one.

>> Coinbase President: Despite Bitcoin Price Crashes, 2018 was an Innovative Year

(Hands up if you’re developing an Ethereum or an EOS dApp!)

Block.one kicked off the holiday season with a laugh, uploading a behind the scenes blooper reel to its Twitter page:

Litecoin LTC

At the time of writing, Litecoin is selling for $32.57, which puts the coin up 14.23% in the past 24 hours.

Ethereum
Source: CoinMarketCap

Litecoin has a market cap of $1.95 billion and is currently the 7th largest cryptocurrency.

Charlie Lee recently announced that Litecoin has become the official cryptocurrency partner of the UFC. In honor of this, the Litecoin logo will be on the mat! Get ready fighters—it’s Litecoin coming in for the win!

Featured image: Pixabay

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Lack of Decentralization Exposed with Reversed Transaction

Blockchain protocol EOS, run by Block.one, has just become the subject of a new crypto scandal. It all began on November 9th, when a picture emerged on Reddit of a moderator on EOS reversing a transaction that had already been confirmed.

Decentralized?

According to the Reddit user u/auti9003, a reverse transaction occurred without the owner’s permission. The arbitrator, Ben Gates, referred to the blockchain project’s constitution as a basis for his decision. Gates wrote:

“Under the powers afforded to me as arbitrator under article 6 of the Rules of Dispute Resolution, I, Ben Gates, rule that the EOS account in dispute should be returned to the claimant with immediate effect and that the freeze over the assets within the said account is removed.”

Many EOS users weren’t happy with the findings posted on Reddit. One user by the name of ethswagholder said:

“What a pile of garbage is EOS? Why would anyone use this over a bank account and traditional legal system? These guys raised $4BN to recreate the legal system using a token that is neither censorship resistant, nor immutable. Brilliant.”

>> Sherbank CEO: Expects Industrial Blockchain Adoption in Under Two Years

This isn’t the first time EOS’s model of governance has been questioned. Back in early October, allegations were made accusing the platform’s major block producers (BPs) of “collusion” and mutual voting. It was suggested that the main EOS nodes took part in mutual voting, with a handful of payoffs to remain in power of the EOS blockchain.

Daniel Larimer, CTO of Block.one, confirmed the project’s lack of decentralization in an interview last month. Larimer told Colin Talks Crypto:

“Decentralization isn’t what we’re after. What we’re after is anti-censorship and robustness against being shut down.”

Well, that should give you some peace—ha! Larimer still claims EOS is more decentralized than Bitcoin (BTC) and Ethereum (ETH) because it takes 11 BP’s to control the network. For Bitcoin and Ethereum, it would only take around three to four pools.

Featured Image: Depositphotos/© garloon

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Ripple (XRP), EOS, Litecoin (LTC)

The cryptocurrency market is trending upwards today as most coins within the top 100 are currently trading in the green. Bitcoin (BTC) is currently trading over $6,600 and Ethereum (ETH) is just below the $300 mark.

Let’s take a closer look at Ripple (XRP), EOS, and Litecoin (LTC) today and the latest movements with each of these projects.

Ripple (XRP)

Ripple has been making steady moves with its xRapid product lately.

xRapid is Ripple’s product geared towards financial institutions, that is powered by XRP. Just recently, Ripple signed partnerships with three crypto exchanges to make them preferred exchanges for the US dollar, Mexican Pesos, and Philline Pesos.

At press time, XRP is trading at $0.337 a coin, up 2.56%, in 24 hours. Ripple remains the third largest cryptocurrency by its total market cap.

>> Ripple’s Bittrex Partnership

EOS

Block.one, the company that invented EOS, is in the middle of their global hackathon. The EOS hackathon is a competition incentivizing developers to build dApps on the EOS platform for cash prizes.

The Beijing hackathon and Sydney hackathon have already been completed and the two other locations for the upcoming hackathons have been announced. The grand finale location and date has yet to be announced.

The next EOS hackathon will take place in London, on Sept 22nd and 23rd and the fourth hackathon in San Francisco will be held on November 10th and 11th. Exact locations of these events are TBD.

At press time, EOS is currently trading at $5.03 a coin, up 5.32%.

Litecoin (LTC)

There hasn’t been any major news regarding Litecoin this week, but last week, ItBit announced that it would be trading LTC soon.

ItBit is a digital currency trading platform that is regulated by the NYDFS. This is expected to drive up the price of the cryptocurrency.

Also, the first Litecoin Summit will be taking place in 22 days on September 14th and 15th. Tickets are still on sale and it will be held at the South San Francisco Conference Center, in San Francisco, California.

At press time, LTC is trading at $75.61 a coin, up 4.36%, in 24 hours.

Featured Image: BiancoBlue

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Cryptocurrency Market Fall | EOS, Litecoin (LTC), & Tron (TRX)

As we start out the fourth week of August, we see most of the cryptocurrency market fall. Bitcoin (BTC) is trading just below $6,500 and Ethereum (ETH) has once again dipped below $300. This weekend, the market took a slight rise and almost peaked over $225 billion, but has since been corrected.

Let’s take a look at EOS, Litecoin (LTC), Tron (TRX), and their latest project updates today.

Cryptocurrency Market Fall – EOS

For the third month in a row, EOS has been given the top rating spot on China’s national blockchain ratings. The CCID Research Institute in China gives out blockchain ratings once a month and EOS has been their top choice the past month and a half.

The top ten ratings are as follows:

  1. EOS
  2. Ethereum
  3. Komodo
  4. Nebulas
  5. NEO
  6. Stellar
  7. Lisk
  8. GXChain
  9. Steem
  10. Bitcoin

This weekend, EOS regained its spot as the fifth largest cryptocurrency, as Stellar briefly passed the cryptocurrency for a few days.

At press time, EOS is trading at $5.13 a coin, down -2.85% in 24 hours.

Cryptocurrency Market Fall – Litecoin (LTC)

There hasn’t been any big news regarding Litecoin lately. There have been no new partnerships or updates to the Litecoin network.

The first Litecoin Summit will be held in San Francisco mid-September.

Litecoin’s founder, Charlie Lee, will be speaking at both days of the event and there will be a meet and greet after day 2.

Also, eToro published its own market research on Litecoin recently. The research document summarized Litecoin’s 2018 price drop by saying:

“Given that Litecoin has an established and stable working product, as well as significant adoption, this bear market of the whole cryptocurrency industry could have lead to Litecoin being oversold.”

Cryptocurrency Market Fall – Tron (TRX)

Just recently, the Tron Foundation made the official announcement that it had acquired BitTorrent and not all Tron enthusiasts are thrilled. Even some BitTorrent investors weren’t happy with the acquisition either. However, what’s done is done.

Bram Cohen, the inventor of BitTorrent, has also officially stepped down from his role within the company fairly quietly but people have taken notice.

According to the Next Web:

“TorrentFreak reports that Bram Cohen has severed ties with BitTorrent Inc, the company that he founded in 2004, after inventing and launching his Torrent protocol three years earlier. There has been no official announcement from TRON or the BitTorrent inventor on this development. TorrentFreak received an auto-response after trying to reach out to Cohen’s BitTorrent email, it became clear that the address was no longer active.”

>> Crypto Daily News: Bitcoin Cash (BCH) Futures Launched & 21-Year-Old Charged with Bitcoin (BTC) Money Laundering

Frankly, this makes total sense as he sold over his company to Tron for over $140 million and can’t expect to have control of what happens with his company.

At press time, Tron remains the 12th largest cryptocurrency by market cap and is trading at $0.0218 a coin, down -1.97% in 24 hours.

Featured Image: Depositphotos/© Photoredaktor

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