Market Update 11.11.18 – Ethereum Reveals Plan For Next Blockchain Upgrade

| Publish date: 11/11/2018

Market News

Ethereum Reveals Plan For Next Blockchain Upgrade

Developers are eyeing January 16th as the date on which Constantinople, Ethereum’s upcoming network hard fork, could launch. The upgrade for the world’s second-largest blockchain was originally targeted for November, bringing with it a host of design changes aimed at streamlining the platform’s code in a bid to boost performance.

Yet the November launch window was ultimately due to unanticipated problems with the test release, necessitating a longer development period. While the Jan. 16 date was reached by way of a non-binding verbal agreement, it is not fixed or final. Indeed, developers on the recent bi-weekly call said that Constantinople could be postponed further should additional problems arise.

“We can just say mid-January, it doesn’t make difference if we decide on a date or not. We can always postpone,” core developer Péter Szilágyi remarked.

Read the full report here.

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Carbon’s Stablecoin Swappable Between EOS, Ethereum

The U.S. dollar-pegged crypto token CarbonUSD has just launched as the first stablecoin on the EOS platform. The token’s developer, Carbon, announced the news in a press release, adding that it believes making the token interoperable across “key” blockchain networks will provide “most value for the crypto industry in the long-term.”

CarbonUSD, which has been live on Ethereum for two months, can now be transferred onto the EOS blockchain, giving users “even lower fees and faster settlement than on Ethereum.”

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Carbon also offers a portal that provides users the facility to interact with their EOS application, and includes native smart contracts for “one-to-one redemption from tokens into real USD.”

Sam Trautwein, CEO and co-Founder of Carbon said:

“We are honored and excited to be the first stablecoin on EOS and to play such a crucial role in such a burgeoning ecosystem. Stablecoins are critical infrastructure for value and we think providing this to EOS further enhances the ecosystem.”

Read the full report here.

Victims Sue Telcos Over ‘SIM Swap’ Crypto Hacks

Silver Miller. a cryptocurrency-focused law firm based in the U.S., says it has filed arbitration claims against AT&T and T-Mobile on behalf of victims of “SIM swapping” cellphone hacks. Initiating the court actions on behalf of clients that have lost funds to criminals that used the increasingly common method of infiltrating mobile devices to access cryptocurrency wallets and two-factor authentication codes, the firm alleges:

“By leaving holes in their security protocols and failing to properly train and monitor their employees, cellphone providers have assisted thieves in remotely taking over the SIM cards in people’s smartphones, accessing financial records and account information of the victims, and emptying the victim’s accounts of cryptocurrency and other valuable assets.”

Read the full report here.

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Total Market Cap: November 11

The volume of trade in the crypto market sat at $11.53 billion. The market’s capitalization, on the other hand, reached $212.89 billion.

Bitcoin Price Analysis: November 11

In the past 24 hours, Bitcoin jumped 0.01% to trade at $6,402.77. The leading cryptocurrency’s trade volume trickled to $3.69 billion, while its market slid to $111.22 billion.

Ethereum Price Analysis: November 11

Ethereum’s price jumped 0.13% to trade at $211.64. As for the altcoin’s trading volume, it reached $1.38 billion; whereas its market capitalization hit $21.83 billion.

State of the Top 10 Cryptocurrencies: November 11

In the past 24 hours, some prices were up while others were down. Meanwhile, Tether dethroned TRON at the 10th spot.

  • Bitcoin’s market price jumped 0.01% to $6,402.77, and its value in the market is $111.22 billion.
  • Ethereum’s market price jumped 0.13% to $211.64, and its value in the market is $21.83 billion.
  • XRP’s market price jumped 0.25% to $0.504897, and its value in the market is $20.30 billion.
  • Bitcoin Cash’s market price jumped 0.79% to $551.19, and its value in the market is $9.62 billion.
  • Stellar’s market price jumped 3.45% to $0.266787, and its value in the market is $5.05 billion.
  • EOS’ market price fell 0.32% to $5.39, and its value in the market is $4.89 billion.
  • Litecoin’s market price jumped 0.54% to $51.81, and its value in the market is $3.06 billion.
  • Cardano market price jumped 1.17% to $0.075494, and its value in the market is $1.96 billion.
  • Tether market price fell 0.05% to $0.992954, and its value in the market is $1.76 billion.
  • Monero dethroned TRON at the 10th spot, but its market price fell 2.04% to $104.04 As for its value in the market, it is $1.72 billion.

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