Feathercoin Price Rises Ahead of NeoScrypt Hard Fork
Several months ago, Feathercoin developer Pete Bushnell announced the coin would transition to the newly-developed NeoScrypt hashing algorithm, which is resistant to ASIC miners. On October 26, Feathercoin will undergo a hard fork to make the official transition. The Feathercoin price has increased in anticipation of the update. CCN analyzes this altcoin price movement. Also Read: Should I Purchase an ASIC Scrypt Miner? The Feathercoin Price Has Risen Almost 50%. Feathercoin released client 0.8.7.0 on October 13. The update includes the NeoScrypt hard fork, which will take place on October....
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Feathercoin. The Feathercoin price fell 15% this week. This price decline is a continuation of the steady downtrend Feathercoin has experienced since the Feathercoin price rose in anticipation of the altcoin's switch from the Scrypt algorithm to the ASIC-resistant (for now) NeoScrypt hashing algorithm. Also read: Feathercoin Price Rises Ahead of NeoScrypt Hard Fork. Feathercoin Price Continues to Decline. Since the pre-NeoScrypt spike in October, the Feathercoin price has steadily declined. However, the Feathercoin price had remained fairly steady at ~7,000 satoshis since mid-November. But....
This week's altcoin news update discusses the Darkcoin price downtrend, Cloakcoin's PoSA, and Feathercoin's move to NeoScrypt. Welcome to the CCN weekly altcoin news update, where we profile newsworthy items that have flown under the mainstream radar. This week's edition features an exceptionally impressive lineup of stories. In the past week, the Darkcoin price fell below $5, which may be partly due to Cloakcoin's announcement that their unique Proof of Stake Anonymity algorithm entered public beta. Finally, Feathercoin is set to become the first noteworthy altcoin to adopt the NeoScrypt....
Is the early stage of the hard fork potentially driving this price rally of Bitcoin? It’s definitely possible, but it could also be a variety of other factors as well. Over the past week the price per Bitcoin has shot up almost $40.00 USD and there has been some speculation about whether that spike has had anything to do with the news about the hard fork to Bitcoin Classic. There have been some concerns about the hard fork due to some issues with scaling, adoption, regulation, legality and liability. Yet there have been vocal supporters of the hard fork in the space that have championed....
Kraken has announced plans to temporarily disable ETH deposits and withdrawals on its platform ahead of a planned hard fork. Kraken is the largest Bitcoin exchange in euro volume and liquidity. It’s also trading in Canadian dollars, US dollars, British pounds and Japanese yen. The fork is slated tentatively for July 20. Traders in ETH, LTC, XRP, XLM, or XDG have been informed by the exchange that dealings in the currency will be disabled for approximately one hour before the hard fork activates. ETH deposits to be disabled 1 hour before the fork. Kraken notes via email: “As you may know,....
Ethereum’s DAO hard fork update landed on GitHub yesterday, allowing users to vote on whether they support the Hard fork that will refund the DAO after the attack that drained around four percent of the total Ethereum (approx. 50 million US dollars worth at the time) in circulation from the smart contract. Ethereum Reaches A Crossroads with Hard Fork Update. This hard fork update, if successful, would wipe one of the biggest failures to happen in the cryptocurrency ecosystem away, giving the people with a stake in The DAO (and others who suffered from the subsequent price depreciation of....