#Ethereum Token Taxonomy Initiative: Enterprise Ethereum Alliance & Microsoft Published 1 month ago on April 19, 2019 By Ruchi Ramaswamy Share Tweet The Enterprise Ethereum alliance and Microsoft have brought together the major enterprise blockchain providers behind a new project aimed at helping businesses develop the proper crypto tokens for their particular needs. Token Taxonomy Initiative It is being called the Token Taxonomy Initiative and is being built as a technology-neutral initiative which will operate across different blockchains currently having Ethereum, Hyperledger, and Corda, the biggest enterprise blockchain solutions and this initiative already include large partners IBM, ING, JP Morgan, Intel, and Microsoft, all with the aim of creating token standards for business users across all network. The process for the development of enterprises which is basically going to be as simple as a drag and drop approach. This initiative is a big leap for particularly in terms of actually kicking open the doors for enterprises to enter the space and say that it is quite easy to use this technology. Related Topics:BlockchainBlockchain TechnologyEnterprise Ethereum allianceEthereumIBMINGInteljp morganMICROSOFTMicrosoft BlockchaintechnologyToken Taxonomy Initiative Up Next Forbes releases top 50 blockchain companies list Don't Miss New assets management dimension: VIP services for big crypto investors Continue Reading Advertisement You may like BTC to USD, 19th May: Bitcoin Price Analysis, $6000 or $9000? ETH to USD, 17th May: Ethereum Price Analysis, About to Crash? Alert: ETH to USD, 16th May: Ethereum Price Analysis Ebay: No Plans of Accepting Bitcoin, Cryptocurrencies BTC to USD, 15th May: Bitcoin Price Analysis, $8500 or $7000? XRP to USD, 15th May: Ripple Price Analysis, Can it rise ahead? 3 Comments 3 Comments Pingback: Token Taxonomy Initiative: Enterprise Ethereum Alliance & Microsoft – BitcoinLifestyle.com News Pingback: Token Taxonomy Initiative: Enterprise Ethereum Alliance & Microsoft – BitcoinGuide.com News Pingback: Token Taxonomy Initiative: Enterprise Ethereum Alliance & Microsoft – BitcoinInfo.com News Leave a Reply Cancel reply Your e-mail address will not be published. Required fields are marked *Comment Name * Email * Website #Ethereum The Reason for Ethereum Price Surge: CFTC ETH Futures? Published 2 weeks ago on May 7, 2019 By Ruchi Ramaswamy Ethereum saw a tremendous 12% increase in the last 24 hours rising above $180 level with other major cryptocurrencies such as bitcoin showing only a proportionate increase. According to a recent publication by CoinDesk, CFTC is considering to launch Ethereum Futures Contract. CFTC Ethereum Futures A recent publication on CoinDesk suggests that the United States Commodity and Futures Trading Commission, also known as CFTC is all set for considering an Ethereum Futures Contract provided that the same meet the companies criteria. Previously, when Bitcoin Futures were granted permission in the ending month of 2017, both the Chicago Mercantile Exchange (CME) and US Commodities and Futures Exchange (CFTC) were flooded with demands. Similarly, Ethereum futures would also attract a lot of institutional investors even though the investment in futures is not a direct investment and only a betting on the future price of the commodity or asset. ETH price has seen a major crash since last year when the coin was trading at more than $800. Since the last many months, ETH has been trading below the $200 range and even fell below $100 sometime back. The recent rise in the price of ETH might be because of the CFTC taking interest in the cryptocurrency. CFTC’s interest in ETH started in late 2018 when they issued a Request for input to seek more details on Ethereum’s technology and its model (consensus). Ethereum Price Surge: As soon as the publication went live, the price of Ethereum saw a tremendous surge, rising more than 12% in a matter of hours from around $160 to around $180. Not only the price but also the daily trading volumes increased to more than $8 billion. ETH/USD Price Chart- Coinbase Currently, Ethereum is trading around $177 as it corrected a few points lower after rising to more than $180. If ETH is able to close well above the $180 resistance level, there are high chances that ETH will rise above this level soon to move towards $200 range if the buyers stay strong. Continue Reading #Ethereum Alert: Ethereum at risk of theft, Save your wallets. Published 3 weeks ago on April 25, 2019 By Janet F. Sanchez A shocking report came out on Wired that shows how one bandit has been stealing millions of dollars in Ethereum. Ethereum Bandit: The so-called Blockchain Bandit has been exploiting weak Ethereum private keys and has so far managed to accumulate a fortune of 45000 Ethereum. The hackers are devoting a lot of computing resources to scanning the Ethereum blockchain, watching for new wallets and when they have the keys, stealing the cryptocurrency. The hackers have been able to exploit these addresses due to surprisingly weak private keys which have been generated. The odds of guessing a randomly generated Ethereum private key is 1 in 115 quattuorvigintillion. According to the specialist who discovered this theft that was happening, the task of identifying a random Ethereum key is like trying to choose a grain of sand on a beach and then later asking a friend to find that same grain of sand among a billion gazillion beaches. However, Ethereum was stolen despite these wild odds and 45,000 Ethereum is quite a lot of money. How did it happen? It specifically happened with Ethereum wallets that did things like cut off keys at just a fraction of their intended length. Either due to things like hoarding errors or other activities or wallets that included malicious codes, basically corrupting the randomization process to make the keys easier to guess. Out of the 34 billion blockchain addresses that the researchers scanned, they found 732 addresses with easily guessable keys which basically means that only a small fraction of the total amount of keys are likely to be easily guessable. Most of the work seems to be done already though as the thieves seem to have a wast pre-generated list of keys as was evidenced by the researcher placing a dollar worth of Ethereum into a previously unused address which had a weak key and that Ethereum was immediately stolen by the bandit’s bots. Continue Reading #Ethereum Analysis: Will Ethereum Rise in 2019? Published 2 months ago on March 23, 2019 By Ruchi Ramaswamy Bitcoin and Ethereum have been leading the cryptocurrency market for quite some time. While bitcoin blockchain’s main motive is to track the transactions, Ethereum’s main motive is to run the codes of DEX or decentralized apps. While most people feel that bitcoin will always lead the cryptocurrency market, some believe the cryptocurrencies such as Ethereum might overtake bitcoin in the future. Currently, a group of companies known as Enterprise Ethereum Alliance supports the Ethereum blockchain who are working hard to improve the overall functionality of the blockchain. Can Ethereum rise in 2019? While Bitcoin is a store of value and most people use bitcoin as a form of investment, Ethereum is mostly used by software companies for development of their own dapps. Ethereum saw a tremendous rise in price as well as in market capitalization during the ICO era which might have ended last year. In 2017, there was a boom in the overall ICO market and most Initial Coin Offerings collected their investments in the form of Ethereum. This had led to a massive demand for ETH as investors had to purchase ETH first in order to invest in other initial coin offerings. Ethereum Price Chart The price of Ethereum reached more than $1400 at the start of 2018 and people started to feel that Ethereum might even overtake bitcoin soon. However, as months passed in the year 2018, both the price and the market capitalization of ETH experienced a massive mall which might be related to the end of ICO era. Cryptocurrency analysts also believe that the massive selling of Ethereum by Initial Coin Offerings who had been storing them as investments was the main reason for the fall in the price of ETH. Thousands of ICOs started selling their ETH holdings when they saw a bear market coming upfront. Why ETH might never rise again: There is a great possibility that the price of Ethereum might never rise again, At least not to the figures it earlier achieved. One of the reasons for this is the rising popularity of other blockchain platforms such as TRON who are direct competitors to ETH and some are even performing a lot better than Ethereum. The overall development of ETH blockchain seems to be quite slow and thus people have started to adopt other blockchains which are more suitable for their products and perform better than the Ethereum blockchain. Another big reason why Ethereum might not rise again is the end of the ICO era. The number of initial coin offerings has seen a tremendous decrease last year and even lower this year. Also, the interest of investors has shifted from Initial Coin Offerings now as they do not see a safe and profitable future in investing in ICOs. As one of the major reasons for the rise of ETH was the ICO market and now with the end of the ICO era, Ethereum might never see those robust bulls again. The following article is not financial advice. Readers are requested to do their own research and analysis before making any investment decisions in the cryptocurrency market which is highly volatile. What do you feel about the future of Ethereum? Tell us in the comments section below. 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