Ethereum Istanbul — Faster, But Still Not the World Computer

Vitalik Buterin has claimed that Ethereum will support 3,000 transactions per second after the upcoming Istanbul fork. Will this unleash a new wave of Ethereum creativity? Might we expect a surge in traffic on the Ethereum network? Could its increase influence the price of ETH? Ethereum is slow The conventional wisdom is that Ethereum is too slow. But for what purpose is it too slow? It seems to be sufficiently fast for financial services. But the mistake people are making in saying “Ethereum is slow” is misunderstanding what a great…

6 Altcoins That Are Currently Making Me Avoid BTC

Since publishing the last trading journal two weeks ago, I have made a number of altcoin trades but not a single Bitcoin (BTC) trade other than closing my long from $6,900 in segments between $7,550 and $7,700. Currently, I am trading Matic Network (MATIC), WePower (WPR), Zilliqa (ZIL), Verge (XVG), Fantom (FTM) and ChainLink (LINK). In the last journal, I detailed a 2% positional loss on my REN trade which had an entry at .00000603 Satoshis (sats) and closed at .00000590 (sats). I made a 14% gain trading DOCK, 32%…

T-Minus 1,000 Blocks Until Ethereum’s Istanbul Hard Fork

As of press time, Ethereum has passed block #9068000, putting it within 1000 blocks of the scheduled Istanbul hard fork, which should take place at around 23:30 UTC. The much-anticipated shift to Istanbul will be the Ethereum network’s first hard fork since February’s Constantinople. Both are stages of a broader phase of ongoing development that began in 2017 called Metropolis.  What is changing? Cointelegraph has covered Ethereum’s ongoing developments extensively, as have the developers. Broadly speaking, Istanbul should be streamlining the network in accordance with Metropolis’s overall goals of scaling…

Binance Crypto Exchange Seeks Staff to Lead Its Efforts in Turkey

Major crypto exchange Binance is looking for managerial staff to establish its office in Turkey, according to job postings on LinkedIn. Binance listed a total of five open positions on its LinkedIn company page as of Dec. 6 to establish a local presence in Istanbul, Turkey. The company is seeking managers for its finance, compliance, marketing, and PR divisions.  Binance CEO Changpeng Zhao recently detailed the exchange’s plans for Turkey in an interview with Cointelegraph. He described Turkey as “a vibrant country that has illustrated one of the strongest demands…

Ripple Files Final Motion to Dismiss Class-Action Securities Lawsuit

Ripple has filed a motion to dismiss a class-action lawsuit alleging that it held an unregistered securities sale of its XRP tokens. In court documents filed on Dec. 4, Ripple argues that the plaintiffs’ case is contradictory and “self-defeating.” Alongside a reiteration of previous arguments, the company now also claims that, even if XRP were a security, the statute of repose had passed before the lawsuit was brought to court. Ripple says that XRP is not a security, but even if it were… In what is reportedly Ripple’s last attempt…

Steven Mnuchin Does Not Expect US to Issue Digital Dollar in Next 5 Years

United States Secretary of the Treasury Steven Mnuchin said that he and Federal Reserve Chairman Jerome Powell do not anticipate the development of a national digital currency in the country. Mnuchin delivered his comments during a House Financial Services Committee hearing in Washington, Bloomberg reported on Dec. 5. “Chair Powell and I have discussed this — we both agree that in the near future, in the next five years, we see no need for the Fed to issue a digital currency,” Mnuchin said. The Treasury secretary’s statement came in response…