Ethereum Market Cap Back Above $1 Billion as Hard Fork Gets Under Way

[kreslik.news]

Ethereum, the second largest cryptocurrency by market size, has just jumped back above the one billion dollar market value benchmark in an apparent demonstration of confidence by investors in the venture post the hard fork activation process that just occurred.

The ETH/USD exchange rate now stands at about $12.5 per Ethereum, over 11% higher than its level just twenty four hours. The move was supported by over $47 million in daily trading volumes.

What is a ‘hard fork’?

Following the attack on the DAO, which saw over $50 million in ETH stolen, the creator of Ethereum, Vitalik Buterin, supported the idea of splitting ... (read more)