This is the second update regarding the ETH-USD trading activity on June 21st, 2017.You can read the first update here.GDAX is just over two years old and has grown to become one of the world’s leading digital asset exchanges.We launched our first version of margin trading earlier this year and have generally seen strong customer demand and positive feedback.Our long-term ambition, however, is to be a leader among all exchange platforms and we are committed to serving as the most trusted provider to the world’s largest institutions and professional traders.We are confident that all trades this week were executed properly, however, some customers did not receive the quality of service we strive to provide and we want to do better.We will establish a process to credit customer accounts which experienced a margin call or stop loss order executed on the GDAX ETH-USD order book as a direct result of the rapid price movement at 12.30pm PT on June 21, 2017.This process will allow affected customers to restore the value of their ETH-USD account to the equivalent value of their ETH-USD account at the moment prior to the rapid price movement.

To clarify:For customers who had buy orders filled — we are honoring all executed orders and no trades will be reversed.For affected customers who had margin calls or stop loss orders executed — we are crediting you using company funds.We view this as an opportunity to demonstrate our long-term commitment to our customers and belief in the future of this industry.We will follow up directly with affected customers about this process next week.Sharecyprus bitcoin courseEthereum is an open blockchain platform that lets anyone build and use decentralized applications that run on blockchain technology.ethereum streamLike Bitcoin, no one controls or owns Ethereum – it is an open-source project built by many people around the world.senate vote bitcoin

But unlike the Bitcoin protocol, Ethereum was designed to be adaptable and flexible.It is easy to create new applications on the Ethereum platform, and with the Homestead release, it is now safe for anyone to use those applications.Homestead is the second major version of the Ethereum platform and is the first production release of Ethereum.It includes several protocol changes and a networking change that provides the ability to do further network upgrades.convert sms to bitcoinThe first version of Ethereum, called the Frontier release, was essentially a beta release that allowed developers to learn, experiment, and begin building Ethereum decentralized apps and tools.tesla bitcoin cnnEthereum was crowdfunded during August 2014 by fans all around the world.bitcoin mining essentials

It is developed by ETHDEV with contributions from great minds across the globe.Ethereum is a programmable blockchain.Rather than give users a set of pre-defined operations (e.g.bitcoin transactions), Ethereum allows users to create their own operations of any complexity they wish.In this way, it serves as a platform for many different types of decentralized blockchain applications, including but not limited to cryptocurrencies.Ethereum in the narrow sense refers to a suite of protocols that define a platform for decentralised applications.litecoin market dataAt the heart of it is the Ethereum Virtual Machine (“EVM”), which can execute code of arbitrary algorithmic complexity.bitcoin port forwardingIn computer science terms, Ethereum is “Turing complete”.bourse au bitcoin

Developers can create applications that run on the EVM using friendly programming languages modelled on existing languages like JavaScript and Python.Ether is a necessary element -- a fuel -- for operating the distributed application platform Ethereum.It is a form of payment made by the clients of the platform to the machines executing the requested operations.To put it another way, ether is the incentive ensuring that developers write quality applications (wasteful code costs more), and that the network remains healthy (people are compensated for their contributed resources).by Tyler Durden While Bitcoin, and recent Chinese and Korean momentum favorite, Litecoin, have been relatively stable for much of the day, Ethereum suffered dramatic losses on Wednesday, sliding from $360 to $260 before rebounding, in the process experiencing what may have been its first flash crash, when it plunged by 96% from $315 to $13 on massive volume, before rebounding.The crash appears to have been catalyzed by seller submitting a market order to dump roughly $30 million worth of ETH (96.1k) in one go, which obliterated the order book.

As tends to happen without fail during volatile crypto-periods, the crash almost immediately took the Coinbase offline.Over the past 24 hours, there were several warnings about "unstable operation" in the Ethereum Network, such as this one from the BTC-E exchange.Due to the unstable operation of the Ethereum network due to the network load, the ETH withdrawals is temporarily unavailable #btce — BTC-E (@btcecom) June 21, 2017 What catalyzed today's crash?According to one explanation posted on the Ethereum reddit, the reason was an ICO, or initial coin offering, gone very wrong.As user emansipater explained around noon, or shortly before the selling onslaught began, the catalyst for the selling was the "badly designed" Status ICO.Here are the detail: I assume that (unlike all the price discussion here which is totally offtopic) you are referring to the transaction issues which have led several exchanges to pause ETH withdrawals.Here is what happened: The badly designed Status ICO clogged up the network yesterday with a huge number of high gas fee transactions, most of which are failing but still filling up the blocks and preventing normal tx's from getting in.

In addition, dwarfpool and perhaps others have set bad defaults on their client software that both actually cost themselves money and also prevent the network from automatically adapting to larger gas volumes the way it's supposed to.Furthermore, evidence is accumulating that f2pool was actively manipulating transactions bound for the Status ICO, which they participated in themselves, exacerbating the problem.Experts explained weeks ago that bad ICO designs are vulnerable to such attacks, but this appears to be the first time it was actually executed in the wild.So now, even though the Status ICO is over, there are still a huge number of transactions clogging up the network and the only way to get transactions in is to pay huge fees (which most of the exchanges probably don't want to do).Until it clears out, people are going to be missing ENS auctions, unable to withdraw from many wallets and exchanges, etc. etc. etc. Or, as he summarized "badly designed ICOs, plus selfish and foolish miners = major delays and maybe even substantial losses for everyone else."