Rasmus Pihl

Red Across The Board As Crypto Markets Drop, BTC and ETH Find New Support-Levels
Bitcoin
Red Across The Board As Crypto Markets Drop, BTC and ETH Find New Support-Levels
September 18: after nearly a week of consecutive price gains on a market-wide level, the price of both Bitcoin and other major currencies has slumped once again. More specifically, this recent drop in cryptocurrency prices has nearly eradicated the last week’s gains. The following market visualization from Coin360 paints a grim picture of the losses incurred on nearly all the major cryptocurrencies during the past 24 hours. Moreover, much of…
EOS dApp Used Blockchain Backdoor To Remove Tokens From User's Wallets Without Their Consent
Altcoins
EOS dApp Used Blockchain Backdoor To Remove Tokens From User’s Wallets Without Their Consent
EOS has recently been in the news following the revelation that an EOS decentralized application (dApp) could access users’ token wallets without their consent through the use of a backdoor technique. More specifically, this EOS dApp is called Trybe, and describes itself as a ”tokenized knowledge sharing network for the crypto and blockchain community”. Issues first arose when Trybe were set to distribute tokens to user accounts through a token…
EOS dApp Used Blockchain Backdoor To Remove Tokens From User's Wallets Without Their Consent
Weekly Report
Markets Regain Momentum, Has The Bottom Been Reached?
The past week saw the cryptocurrency markets recuperate some of the losses incurred during the drastic drop last Wednesday. Moreover, this comes as the fund manager turned cryptocurrency evangelic Michael Novogratz has suggested that the ”bottom has been reached” in cryptocurrencies, indicating that the markets are about to rebound. Whilst it is always hard to definitively predict how the cryptocurrency markets and investor sentiment will develop, one could indeed make a…
Analysis
Markets Continue To Ride Green Wave, Ethereum Consolidates Significant Gains Amid Positive News
September 15: it would seem that market sentiment has indeed shifted towards a more bullish attitude – at least for the moment being. All major cryptocurrencies are currently seeing gains over the past 24 hours and this market-wide increase show no signs of faltering. The cryptocurrency markets experienced some unstable days during last week and the beginning of this one, but it would now appear to have fully recuperated the…
Blockchain Researcher Codes Sharding Proof-of-Concept, One Step Closer To Ethereum Scalability
Ethereum
Blockchain Researcher Codes Sharding Proof-of-Concept, One Step Closer To Ethereum Scalability
It would appear that Ethereum is inching ever closer to successfully integrating Sharding – the experimental second-layer scaling solution that promises to help Ethereum scale – into its network. More specifically, the long-time blockchain developer and researcher Vlad Zamfir has now produced the world’s first proof-of-concept for the new scaling technology. Zamfir reportedly coded the PoC at the Ethereum hackathon ETH Berlin, and he noted in a subsequent interview that…
Vitalik Discusses Chain Governance and Self-Improvement in Blockchains
Blockchain
Vitalik Discusses Chain Governance and Self-Improvement in Blockchains
The co-founder of Ethereum, Vitalik Buterin, is known to comment on most things cryptocurrency and blockchain-related. Most recently, he featured in a video on Zcash’s YouTube channel, discussing governance and outlining the blockchains that he deems have the most potential for self-improvement. Initially, Buterin outlined why he does not fully agree with the on-chain governance structure which, e.g., EOS uses. More specifically, he said that this is due to the…
Mike Novogratz Says That The Bottom Has Been Reached in Cryptocurrencies
Bitcoin
Mike Novogratz Says That The Bottom Has Been Reached in Cryptocurrencies
The oft-mention founder of the cryptocurrency investment firm Galaxy Digital Capital Management, Mike Novogratz, has now stated that he believes that cryptocurrency prices have reached the bottom of the recent bearish trend. More specifically, Novogratz tweeted a picture of the Bloomberg Galaxy Crypto Index (BGCI) – an index intended to gauge cryptocurrency trading. Novogratz noted that the BGCI chart ”retouched the highs of late last year” as well as ”the…
Analysis
Markets Solidly in the Green As Cryptocurrency Prices Surge
September 13th: many cryptocurrency industry observers have felt that the markets are due for a break after a series of days with a negative market sentiment. It appears that this is exactly what has happened, as most coins are showing impressive gains over the past 24 hours. It would appear that the clouds have cleared somewhat for all major cryptocurrencies, as they are currently rallying and recuperating some – if…
Allianz Economic Advisor Forecasts $5,000 Bitcoin Price, Some Analysts Even More Bearish
Bitcoin
Allianz Economic Advisor Forecasts $5,000 Bitcoin Price, Some Analysts Even More Bearish
The cryptocurrency market is still feeling the full effects of a negative market trend, and a number of financial figures have doubled-down on their bearish statements regarding the technology. The latest of these is the chief economic advisor of the German financial services company Allianz – Mohamad El-Erian – who has now forecasted that Bitcoin ”should” have a value of around $5,000. More specifically, El-Erian spoke with Yahoo Finance, who…
WEF Researchers Predict That Blockchain Could Generate $1 Trillion in Trade Finance
Blockchain
WEF Researchers Predict That Blockchain Could Generate $1 Trillion in Trade Finance
According to new research from the World Economic Forum, blockchain might be able to dramatically boost trade finance across the world – generating a whopping one trillion US dollars in international trade finance. This research was carried out by the World Economic Forum in cooperation with Bain & Company, and it states that blockchain technology could soon prove a vital part in spurring trade and readily accessible financing for small-…