Everyone within the cryptocurrency community has been following the significant jump in Bitcoin’s price over the past week as it has reached roughly $700- per BTC. However, eyes have also been laser focused on the programmable Turing complete cryptocurrency Ethereum. At press time , the value of one Ether is at its highest point ever at $18.50 USD per ETH with a large market capitalization of close to $1.5 billion dollars. Things are moving along in the land of the Ethereum ecosystem as the value has jumped exponentially. Some say this has to do with Bitcoin’s rise as most altcoins have followed suite with the current top cryptocurrency every time. Back in 2013’s wild ride Litecoin also followed Bitcoin’s rise achieving nearly $50 USD per LTC at the time. Despite this, many would agree that the Ethereum blockchain and native token is vastly different than most of the common altcoins.
Just recently Microsoft (NASDAQ:MSFT) has announced it will be sponsoring the Ethereum Foundation’s Devcon 2 event coming September 19-21 in Shanghai. The conference is in partnership with Wanxiang Blockchain Labs and will be double billed with the Blockchain Summit held in the region. Microsoft is now a premiere sponsor for the event, and the Foundation’s members are pleased to announce the sponsorship. Ethereum’s inventor Vitalik Buterin said in the announcement : “We are very happy to have Microsoft’s sponsorship for Devcon2 and highly appreciate their continued support and collaboration with the Ethereum Foundation and the Ethereum ecosystem. We look forward to continuing to work together in the future.” Alongside the news with Microsoft, rumor has it the multinational audit agency PricewaterhouseCoopers (PwC) is researching a blockchain and a possible Ethereum-based insurance prototype. The proof-of-concept aims to reform the wholesale insurance industry with blockchain powered immutability and transparency. The company is […]
