The ETH price increases on Friday – The price of Ethereum, the second largest cryptocurrency on the market, started rising on Friday and is expected to exceed $ 200. ETH went through a difficult period in August, fluctuating between $ 150-200. As of Friday, however, the cryptocurrency has grown over 7% and is expected to soon exceed the $ 200 threshold.
ETH price rises due to statements made by Vitalik Buterin at the Ethereum Conference held last week in Tel Aviv, Israel. Buterin commented that the currency is making “strong advances in confidentiality” and decentralized finances. In addition, the Ethereum 2.0 upgrade is expected to take place in the coming months.
BitPay integrates Ethereum
The BitPay payment processor will soon accept Ethereum, according to a company official announcement.
Launched in 2011, BitPay processes both fiat currency transactions and some cryptocurrencies such as Bitcoin and Bitcoin Cash.
BitPay CEO Stephen Pair said Ethereum was a logical choice because of its current market base.
“Being one of the largest cryptocurrencies on the marketplace and used by thousands of companies, Ethereum is the next logical choice. We selected ETH because it has broad support for real-world applications and is widely adapted. ”
New ASICs increase the hash rate and difficulty in the Bitcoin network
The computing power dedicated to bitcoin mining has reached a new record level. Over 600,000 ASICs have been activated in the last three months.
According to the data, the hash rate of the BTC network has exceeded 90 EH / S, and the mining difficulty has reached a record figure of almost 12 trillion. Both figures represent an increase of 60% compared to the value recorded in mid-June of this year.
Several new ASIC mining models have entered the market in the summer, with an average hash power of around 55 TH / s. The equipment produced by Bitmain, Canaan, InnoSilicon and MicroBT have prices ranging from $ 1,500 to $ 2,500 each. Inventories for new models have been largely depleted following pre-orders.
Meanwhile, the price of Bitcoin has remained around $ 10,300 over the past week.
The Hayes vs. CZ Saga continues on Twitter
The heads of two of the world’s best-known crypto platforms, Changpeng Zhao and Arthur Hayes, appear to be developing a friendly rivalry on Twitter.
BitMEX CEO Hayes started making jokes about CZ with the launch of the Binance futures platform. Initially, it was a plagiarism of BitMEX documentation regarding futures contracts.
Recently, CEO Binance announced on Twitter that someone was trying to attack the exchange’s futures platform. CZ a declared that was a failure because the liquidation of the Binance futures was linked to the index price and not to the futures price. He also argued that tying the liquidation to the index price and not to futures prices was Binance’s innovation.
Hayes responded quickly, pointing out that BitMEX had implemented this system well before Binance. He offered to give Zhao “copy / paste courses in exchange for 51% of Binance shares.”
In turn, CZ offered to participate in any of Arthur Hayes’s courses, in exchange for 49% of the actions of the projects developed by Hayes. He acknowledged that the message posted was “misleading in the way it was written” and that he did not intend to assume the invention regarding the liquidation of futures contracts.
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