Ether overvalued by 125%, according to JP Morgan strategist

Ether Logo

Ether, Ethereum’s native token, should be valued somewhere around £1,000, according to JP Morgan market strategist, Nikolaos Panigirtzoglou.

Compared to Ether’s price on Tuesday morning, this marks an 125% overvaluation of the crypto world’s second largest currency.

In correspondence with Insider, Panigirtzoglou said that the Ethereum network is less attractive than the current price of Ether suggests, especially as it faces increased competition from networks...

OpenSea overtakes Uniswap in Ethereum usage

NFT marketplace OpenSea is currently outshining Ethereum’s largest decentralised exchange, Uniswap, in terms of transaction fees.

Since 2020, Uniswap has typically commanded the most in daily transaction fees, a key barometer for actual usage of the world’s second-largest blockchain.

However, the emergence of NFTs earlier in 2021 began to threaten Uniswap’s top spot, with the marketplace platform now firmly ahead in Ethereum usage.

As of August 10,...

VeriBlock Foundation reveals MESS vulnerability in Ethereum classic blockchain

An Etherum coin next to US dollars and a wallet.

The team behind VeriBlock Blockchain has published details of a critical security vulnerability in Ethereum Classic's MESS protocol, which it disclosed to ETC developers in October 2020, prior to the activation of the consensus technology on the mainnet.

The VeriBlock Blockchain project extends Bitcoin's Proof-of-Work (PoW) security to the world's blockchains in a decentralised, trustless, transparent and permissionless (DTTP) manner.

The team intentionally omitted one...

Cardano is ‘building bridges’ to Ethereum with new KEVM testnet

Cardano is launching a new KEVM (K Ethereum Virtual Machine) to build a bridge with the leading smart contract platform’s developers.

Charles Hoskinson, Founder of Cardano and CEO of IOHK, was a co-founder of Ethereum. 

Disagreements over Ethereum’s direction led Hoskinson to create Cardano, taking a more academic approach to its development and fixing the notorious problems which have plagued the largest smart contract platform.

Cardano launched after...

European startups ready to capitalise on enterprise blockchain opportunity, says new report

The European blockchain startup market is catching up to its North American equivalent, with startups surveyed looking to raise €350 million (£314.9m) in the next 18 months, according to a new report.

The study, from Anglo-French venture capital firm LeadBlock Partners, aims to put a positive spin on the industry illustrated with more than 20 interviews and more than 9,000 datapoints.

A foreword from LeadBlock management Jean-Marc Puel, David Chreng-Messembourg and...

Kirobo claims ‘retrievable’ crypto transaction solution

Meet Kirobo. The Israel-based startup claims its solution can retrieve cryptocurrency that has been sent to the wrong address.

The company aims to add an extra layer of logic to give users and crypto service providers new capabilities. Kirobo 'provides a unique code to every transaction that must be entered by the recipient in order to receive the transfer', the company notes. 'Until the right code has been provided by the recipient, the sender can retrieve the funds at any...

HTC announces Exodus, a blockchain-powered smartphone

HTC has announced a smartphone this week powered by blockchain technology, called Exodus. The phone will include a secure hardware enclave designed for cryptocurrencies and decentralised applications. The Exodus phone also has a universal wallet, which will support Bitcoin, Ethereum, Lightning Networks, Dfinity and other major cryptocurrencies. Users will be able to send and receive crypto payments, with each device acting as a node for crytocurrency trading. Security and privacy seem like...