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MakerDao’s stablecoin, Dai, which is collateralized with cryptocurrency [Ethereum by default], is collapsing, according to Preston Byrne. In his tweet thread, Byrne described that the peg for Dai has been weakening over the years and his prediction of it being “a bunch of twaddle” had turned out to be true. Since Dai is massively overcollateralized […] The post Will Ethereum-collateralized DAI resuscitate or will it collapse? appeared first on AMBCrypto.

Bloody Monday has been a harsh start to the week for many crypto assets, including Ethereum. Bitcoin’s return to four figures has caused a digital avalanche for altcoins as markets bleed out over $35 billion in 24 hours. Ethereum Crushed But Not All Bad It certainly looks bad when the second largest crypto asset on the planet gets trounced by around 18% in 24 hours. Ethereum was trading at over $265 this time yesterday and now it is hovering around $225. A flash crash yesterday dumped ETH down to $190 but it did not stay there for long. The following bottom was just above $200 according to Tradingview.com, and there has been little recovery back from that since. ETH prices 1 hour chart – Tradingview.com Ethereum recovered slightly to around $225 which is still down 27% on the same time last week. From its 2019 high of over $350, Ethereum…

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UOS is the token that empowers the whole Ultra ecosystem and shares revenues efficiently and fairly across developers, influencers and players. All purchases of games, virtual items and services within the ecosystem requires the use of UOS tokens. This includes features such as loyalty programs, advertisements, trading of digital goods and so on. All transactions are […] The post Ultra Uses Blockchain Technology to Create a First-Class Computer Game Distribution Platform appeared first on CCN Markets

This article by Juan Delacruz first appeared in IBM’s blockchain blog: Blockchain Pulse How frequently do constituents experience frustration when providing information to governments? “I have to call a different department to make the same changes you just made?” “Why have I been on hold for 30 minutes to provide the same information you already have?” “This is so inefficient!” Governments are under pressure to improve the user experience for all their stakeholders —the public, businesses and employees. Continue reading Government registries with blockchain, for efficiency and trust at Smartereum.

Tech giant Samsung Electronics is joining six other major South Korean firms to develop a blockchain-based certificate and ID authentication network.

Digital currencies are going global and the adoption of cryptos as a means of payment is increasing every day. Researchers are continually looking for more use cases for digital currency and how to best utilize them. Recently, John Moore – Litecoin Foundation merchant advisor talked about how Litecoin (LTC), Bitcoin (BTC), XRP, and other digital currencies can be stabilized and used for daily purchases. A lot of merchants across the globe are now accepting Bitcoin (BTC) and other digital currencies as a means a payment. Continue reading Litecoin Foundation Merchant Advisor Reveals How LTC And Other Coins Can Be Stabilized for Use on Everyday Purchases at Smartereum.

South Korea’s leading credit card firm Shinhan Card has been granted a patent for a blockchain payments system. South Korea’s leading credit card firm Shinhan Card has been granted a patent for a blockchain payments system, English-language local media The Korea Times reports on July 15. Per the report, with the newly patented technology the company has established a blockchain-powered credit transaction process allowing for setting spending limits, paying in monthly installments and carrying out payments. The outlet quotes an anonymous Shinhan Card official commenting on the development: “Services using those key functions of credit cards will be extended to the blockchain-based system, a notable advancement from the status quo whereby most blockchain-based services available are limited to cash wiring or user identification for online transactions.” The official also reportedly explained that the company has been awarded the patent about a year and a half after conducting a feasibility study,…

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Shinhan Card has been granted a patent for a blockchain payment system that could reportedly do away with physical credit cards.

Binance Research, the research arm of the world’s largest cryptocurrency exchange recently released a report titled “Case Study: Merged Mining in Dogecoin and Litecoin”, which talked about specific methods for the cryptocurrencies to survive their upcoming block reward halvings. The research primarily focused on the concept of merged mining, a form of mining that transfers […] The post Binance’s research points to similarities between Litecoin and Dogecoin in wake of upcoming halving appeared first on AMBCrypto.

The bears overpowered the bulls as the price fell to a low at $87. On the downside, if the bearish pressure continues, the LTC price will further depreciate to a low at $75. LTC/USD Medium-term Trend: Bearish Resistance Levels: $100, $110, $120 Support levels: $80, $70, $80 On June 12, the bulls tested the $140 […]

The concept of web frameworks was the single most influential technology in the advancement of the internet. Web Frameworks reduced the time it took to develop a website and empowered millions of developers to create complex web apps. For example. Ruby on Rails reinvented how web applications get built by giving developers everything they needed to build web apps simply and easily.  Today, some of the most popular websites such as Netflix, Instagram, Twitter, Quora all run on Web Frameworks. ArcBlock, a leading blockchain platform knows how important web frameworks are and has created a similar framework just for the blockchain industry. The new Framework is called the Forge SDK and allows developers to easily create and deploy DApps and custom blockchains. The Forge SDK is a next-generation blockchain application development framework and according to them is the easiest way for developers to create their customized Blockchains and build decentralized…

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Overnight, within merely hours, the valuation of the crypto market dropped by $28 billion as major assets in the likes of Ethereum and Litecoin fell in the range of 11 to 15 percent. Analysts have largely attributed the correction to a technical move given the 200 percent year-to-date gain of bitcoin since January. Market largely […] The post Ethereum Price Nosedives 15% in Crypto Market’s $28 Billion Wipeout appeared first on CCN Markets

Ethereum has had a tumultuous 24 hours, as the price dropped dramatically overnight, seeing one of the biggest percentage drops in Ethereum this year.

Binance Research, the research arm of the world’s largest cryptocurrency exchange recently released a report titled “Case Study: Merged Mining in Dogecoin and Litecoin”, which talked about specific methods for the cryptocurrencies to survive their upcoming block reward halvings. The research primarily focused on the concept of merged mining, a form of mining that transfers […] The post Binance’s research points to similarities between Litecoin and Dogecoin in wake of upcoming halving appeared first on AMBCrypto.

While Bitcoin is hurting form its latest dip, its nothing compared to the world of pain current being felt by altcoins, feeling the burn more than most is Ethereum which recently incurred a flash crash on Bitstamp crashing its price right down to $191, unfortunately for ETH holders, analysts believe the pain isn’t over yet…

Russia, with all its might, is one of the most dominant countries in terms of political presence and bureaucracy. However, its significant status did not resonate economically as Russia only has the 12th largest economy. With the US being the undisputed leader in terms of economics, Russia seems to look forward to challenging the former’s […] The post Will Russia’s cryptocurrency and blockchain agenda catapult the country to new heights? appeared first on AMBCrypto.

On the 10th of July, ETH broke down from the current uptrend at around $290 visible in my ethereum price previous analysis. Since then, price levels have dropped back to support levels around $230 resulting in a 20% move in favor of the bears. Price levels look poised to drop further which will result in a much-needed correction. Ethereum Price Analysis: 4 Hour Chart On the 4 Hour ethereum price analysis chart for ETH/USD we can see the uptrend that took price levels to it’s yearly high of around $360. Since then price action has broken this up-trend and dropped 20%. It’s likely we’ll see a correction play out over the next 1/2 weeks. Volume has dropped significantly in comparison to volume levels throughout May. Key support levels to look out for during the remainder of this correction playing out on ETH are $226, $187, $165. RSI is currently the…

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Due to human error and fat fingers, Tether accidentally printed $5 billion of its fiat-pegged cryptocurrency out of thin air. Oops. The mistake occurred when the Tether team was in the process of moving tokens from the Omni Layer to the Tron blockchain. What was meant to be a $50 million transfer became $5 billion […] The post Oops! Tether ‘Accidentally’ Created $5 Billion in Crypto Out of Thin Air appeared first on CCN Markets

A bleeding market was seen when Bitcoin suddenly fell by 4.89% in an hour, immediately pursued by the altcoins. Ethereum and Litecoin were the major coins that faced the falling king coin’s brunt. Bitcoin [BTC] After noting a fall of 4.89% in an hour, the king coin was valued at $10,785.55 with a market cap […] The post Bitcoin slips by 4.89% in an hour; Litecoin and Ethereum go down the slippery slope appeared first on AMBCrypto.

Several countries across the world have joined the Bitcoin and cryptocurrency bandwagon, either in full or partial capacity. China, Russia, and Iran have made news in the cryptocurrency industry either due to positive adoption or because of integrating the ingrained technology for their own use cases. One country that followed the latter route was Iran, […] The post In a bid to avoid US sanctions, Iran sought solace in Bitcoin and blockchain? appeared first on AMBCrypto.

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