Ethereum Hottest New Platform and Bitcoin’s Top Rival: Bloomberg
Ethereum receives welcome support from the mainstream press as Bloomberg calls it “the hottest new platform in the world of cryptocurrencies and Blockchains.” The comments come as part of a piece setting out the next move for “Bitcoin’s top rival,” which include removing mining to allow the network to scale and meet possible demand from global corporations. “If Ethereum is going to take advantage of the potential that companies like JPMorgan, Microsoft and IBM see in its underlying transaction technology, the Blockchain, as the potential backbone that could reshape modern business and....
Related News
Investors are cooling on gold as its digital rival Bitcoin takes the front seat in the race between the hottest hedging assets against inflation and fiat devaluation.
Will we invest in and transact with Ether differently than we do with Bitcoin, since the two currencies have different monetary policies? Ether has been dubbed Bitcoin’s challenger or its rival – Andreas Antonopoulos’ warning to stop calling ethereum "the bitcoin rival" is generating an intense debate on Twitter and Reddit. What individuals make of the growing debate over Ether and Bitcoin rages on with comparison being made from the point of view of how people invest in and transact with the two digital currencies. Ethereum as a means of exchange. Analyst and Blockchain Products....
A special set of very unique circumstances has moved the global mainstream closer to Bitcoin than ever before. So let’s recap what has been driving Bitcoin demand, making it the hottest investment of 2016. 3 Reasons Bitcoin Demand Hit All-Time High. 2016 has been a very strong year for Bitcoin, from the halving going off without a hitch to the introduction of Segregated Witness, to the almost doubling of Bitcoin’s value in the marketplace. In fact, its trading volume hit an all-time high in November, according to Bitcoinity. A special set of very unique circumstances has moved the global....
Many would agree that 2016 was the year of Ethereum, as the smart contract platform and its native token have experienced an incredible boom in the first half of the year when Ethereum price increased from less than $1 to over $20. The second half of the year was a little bit rougher, though, with a high-profile multimillion-dollar investment DAO platform being compromised and a series of attacks causing the Ethereum Foundation to opt for emergency hard forks causing a split in the Blockchain. Despite the fact that the exchange rate has since dropped, ETH was still named as one of the....
Bitcoin has risen to a two-year high as at press time to $686. So has the Ethereum moved to $16.50 particularly over the weekend. This is likely to be a continuous trend with the look of things. A close monitoring of the Poloniex exchange platform shows that both digital currencies - as well as Monero, Litecoin and Ripple - are the main beneficiaries of the growing interest in the cryptocurrency market. Dash has a slight drop. According to CoinMarketCap.com, Ethereum gained a 5.25% rise against Bitcoin and a 15.25% against the US dollar. The best explanation for the rise thus far is that....