As important as Ethereum has become, even eclipsing Bitcoin (BTC) in some circles, it is no wonder that its fifth birthday has prompted comments — some prophetic, others nostalgic. Few, however, will mark the occasion by thinking about taxes, but that could be shortsighted. The last five years have seen near-tectonic shifts in how investors, exchanges and government agencies see cryptocurrencies. The Internal Revenue Service, or IRS, is at the top of the heap when it comes to tax enforcement. This is plainly true in the United States, and it is increasingly true worldwide, too. In 2008, the IRS and …
The price of Ethereum’s Ether token has seen strong momentum in July. Since the start of the month, ETH has climbed by 50% from $225.5 to $340 on Coinbase. It coincides with a five-year anniversary for the dominant smart contracts blockchain protocol. There appear to be two key factors fueling the rally of ETH. First, the anticipation of the market towards ETH 2.0 has been continuously building. Second, the explosive growth of the decentralized finance (DeFi) market has upheld the momentum of Ethereum. ETH/USD surges from $225.5 to $340 from July 1 to July 31. Source: TradingView.com DeFi and its …
Kosala Hemachandra, the founder of MyEtherWallet (MEW), has told Cointelegraph the fully-fledged version of ETH 2.0 is still years away. The first phase of the Ethereum 2.0 upgrade was originally set for Jan 2020 but then postponed to coincide with this week’s fifth anniversary. It’s since been delayed again with a launch now expected sometime between November and early 2021. While Hemachandra believes Phase 0 will launch sometime this year, he points out the full version of ETH 2.0 will not be up and running before 2022: "I think the full reality of ETH 2.0 is at least a couple …
In July 2016, a mere four years ago, Nvidia was a $26-billion company focused on GPU chips and graphic card production. In comparison, the long-standing sector leader was Intel Corp, with a $166-billion market capitalization. The nearly 40-year old chip manufacturer was a blue-chip Fortune 500 company and at the time, it was likely unfazed by such a small competitor. Nvidia’s previous peak market capitalization occurred in October 2007 as its value approached $22 billion. After the 2008 financial crisis, the stock collapsed over 80% and took nine years to recover. Ether (ETH) faced a similar struggle in 2018 after …
Ethereum’s perception in the media has been on a roller-coaster ride since its inception in 2015, but the blockchain and its native Ether (ETH) cryptocurrency are clearly still seen as being in second place behind Bitcoin (BTC). While Bitcoin rose to fame due to the notorious Silk Road darknet marketplace and its price climax of $20,000 back in 2017, Ethereum has had fewer notable interactions with the mainstream media, even though some might reference how it enabled the initial-coin-offering craze and made trading virtual cats a worthwhile pastime. Vitalik Buterin is Ethereum personified Ethereum’s co-creator Vitalik Buterin has been, and …
Ethereum is five years old and Ether (ETH) has surprised investors with a trip above $300 — but compared to Bitcoin (BTC), the biggest altcoin is underperforming. As data from on-chain monitoring resource Skew confirms, ETH/USD as a percentage of BTC/USD remains far below its all-time highs. Ether stays far from Bitcoin price share highs As of Ethereum’s birthday, Ether’s share stood at 3.1% of the BTC price. At its peak in January 2018, the figure was 11%. Since the altcoin boom over two years ago, Ether has failed to reclaim much of its lost ground as Bitcoin took over …
Industry experts say Tether and Decentralized Finance tokens will play large roles in the future of Ethereum as the blockchain approaches its five-year anniversary on July 30. In a statement shared with Cointelegraph, Paolo Ardoino, Chief Technology Officer (CTO) of Bitfinex and Tether, said the Ethereum blockchain will “play a central role in the digital asset ecosystem in the years ahead” as “Ethereum-based Tether can continue to support and empower growing ventures and innovation in the blockchain space.” “We hope that the recent surge of DeFi can translate to more DeFi financing products and projects that will truly shape industry …