This page was not found.Looking for something in particular?Search the Web: Return to att.net Just browsing?Try one of our other sections: Mail News Finance Sports Entertainment WeatherFor a better experience on Facebook, update your browser.Sign UpHomeMailNewsSportFinanceCelebrityStyleWeatherAnswersFlickrMobileYahooSearchSign inFTSE 100)FTSE 250)AIM)CNBC22 June 2017The price of ethereum, a bitcoin rival, briefly fell more than 15 percent Wednesday amid a flood of demand and increased worries it may face a divisive debate on how to upgrade its network.Ethereum , also known as ether, recovered to trade slightly lower near $328 Wednesday evening, according to CoinDesk.The sharp fall comes after ethereum shot up more than 3,000 percent this year, far surpassing bitcoin 's already stellar 180 percent gain and coming close to beating bitcoin as the digital currency with the greatest market value.Ethereum 1-week performanceSource: CoinDeskBoth cryptocurrencies are based on the same blockchain technology — a fixed, transparent record-keeping system that allows money to quickly change hands regardless of geographical location.

However, ethereum has grown in popularity for its ability to support applications, potentially becoming a structure for a decentralized, next-generation internet.On Tuesday, investor demand at the funding launch for an ethereum-based messaging app called Status clogged the ethereum network.Online investors were also reportedly unable to withdraw funds from digital currency depositories known as wallets."TheStatus.im token launch was constructed in a way that caused a huge number of transactions to be formed to chase purchases of the token, so the pools of unprocessed transactions grew large and are being worked though," said Joe Lubin, an early supporter of ethereum and founder of blockchain software developer ConsenSys."We can expect many future experiments as we all figure out the most effective and fairest approaches to building these kinds of systems."Statusdid not immediately respond to a CNBC request for comment.Ethereum trading on Wednesday was also affected by an outage of the GDAX exchange run by Coinbase.

Some traders online noted orders for ethereum being placed this afternoon at far below the $300 price.GDAX said in a statement Wednesday evening ET that trading had resumed, but had no further comment to CNBC on the low-priced trades.In the last several weeks, a surge in digital currency prices has contributed to a flood of investor demand, which has overwhelmed websites and attracted cyberattacks.Growing pains have affected both as well.Bitcoin's price fluctuated in the last few months as developers debated the best way to upgrade the network.News last week that two upgrade methods, BIP148 and SegWit2x, may be able to work together helped bitcoin recover from its lows of the month.Now, a flood of demand for ethereum has increased similar concerns."Thescaling issues are a function of rapid adoption which should have a positive effect on the price eventually," said Benjamin Roberts, co-founder and CEO of Citizen Hex, an ethereum-focused start-up backed by three Canadian venture funds.Watch: Ethereum hits another record highWhat to read next

Home → BitCoin → Meet Vitalik Buterin, the 23-year-old founder of bitcoin rival ethereum – CNBC Tweets by @BTCWorldNews Meet Vitalik Buterin, the 23-year-old founder of bitcoin rival ethereum – CNBC BitCoin, btc world news CNBCButerin has become a celebrity in the cryptocurrency space and is credited with co-founding Bitcoin Magazine in 2011.litecoin growthHe has more than 90,000 Twitter followers and posts frequently about the industry’s latest news.ethereum implementationsHe was a 2014 recipient of … Tip Jar: 1PM6RJG1Vpiib61kX7zGxR4kkLMsUCKYsF ~ BTC World News 1 BTC = $2707.94 USD (via Coinbase) 1 ETH = $326.41 USD (via Coinbase) 1 LTC = $44.34 USD (via BTC-e) Quotes delayed up to 2 minutes.bitcoin miner nvidia windows

Relative to Bitcoin, Ethereum was an unknown cryptocurrency.Now, it’s reaching record highs after Russian President Vladimir Putin met with its founder.A new cryptocurrency called Ethereum reached another record high, driven by the potentials of the blockchain technology and supports from Russia, Singapore, and Japan.ethereum sslEthereum is now up over 5,000 percent since the beginning of this year.mining litecoin gpu or cpuOn Monday, its price hit $407.10 compared to $7.98 price on Jan.bitcoin farm legit1, as reported by .litecoin opinionThe surge in the trading value of Ethereum can be attributed to a number of factors, including a recent visit by Vitalik Buterin, founder of Ethereum, to Russian President Vladimir Putin.acheter bitcoin a paris

Buterin’s meeting with Putin during the St. Petersburg International Economic Forum suggest Russian’s interest in using digital currency to improve its economy.“The digital economy isn’t a separate industry, it’s essentially the foundation for creating brand new business models,” Putin said during the forum, reported.berita bitcoin 2015Singapore released a report about a test it conducted to make a national digital currency using ethereum blockchain technology.In Japan, regulators are making cryptocurrencies a valid form of payment, according to .Nicola Duke, a technical analyst at Forex Analytix, expects rising crytocurrency to reach $476 in the near future.Pavel Matveev, co-founder of personal finance app Wirex, said it is possible to even hit $600 by the end of this year.Furthermore, another contributing factor to the price increase of Ethereum is the formation of the Enterprise Ethereum Alliance (EEA), per CNBC.