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bitmain, centralization, eth, ethereum, mining, problem -

As Ethereum (ETH) struggles to break free of its steep downward trend, rumors of a new Bitmain ASIC mining rig continues to hold the price down. A CHANGING LANDSCAPE FOR ETHEREUM MINING Rumors are swirling through the cryptocurrency market in regards to a new ASIC mining rig from Bitmain, built specifically for Ethereum mining. According to a CNBC report cited by TechCrunch, the rumors surfaced after analyst Christopher Rolland visited China and learned of a new Ethereum-dedicated ASIC chip in development. Wrote Rolland in a note to clients: During our travels through Asia last week, we confirmed that Bitmain has already developed an...

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crypto, ethereum, position, Stellar, stellar lumens -

Could Stellar take the no.2 title away from Ethereum? Some cryptocurrency experts foresee great developments from Stellar, which had a whopping increase of 41,900% in 2017 and is slowly climbing its way up the list of top cryptocurrencies. Konstantin Richter, CEO of Blockdaemon CEO has suggested that the Stellar blockchain could be integrated soon, the platform’s founder strongly hinting about favorable prospects for the cryptocurrency. Stellar and Blockdaemon have already announced that they plan on working together. “I cannot say enough good things about Stellar,” said Richter. “Besides their amazing technical performance, we love that they give back 95% of gains to the community.” Stellar is currently...

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10000, bcash, bitcoin, bitcoin cash, btc, bullish, crypto, cryptocurrency, eth, ethereu, ethereum, gain, large, litecoin, market, surges, xrp -

Over the past 24 hours, the cryptocurrency market has recorded large gains, as every major cryptocurrency including bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin recovered in value. Bitcoin and Ethereum Bitcoin demonstrated an 11 percent increase in price, moving closer to the $10,000 mark, which analysts often describe as the psychological threshold for the cryptocurrency. As CCN noted in the past, because the market tends to follow the trend of bitcoin in terms of massive volatility, over the past 24 hours, most cryptocurrencies have followed bitcoin’s upward momentum. Since yesterday, the price of bitcoin rose from $8,840 to $9,900, by...

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