Connect with us

Ethereum

Vitalik Buterin Supports Petition to Free Ethereum Researcher Arrested at LAX After Trip to North Korea

Virgil Griffith, the American programmer who traveled to North Korea and was later arrested at Los Angeles International Airport on Thursday, has ignited a fierce debate regarding his actions.

According to a criminal complaint released by the US, Griffith, an Ethereum researcher who spoke at a blockchain conference in Pyongyang, is accused of assisting North Korea in evading sanctions imposed by the US government. The charge carries a penalty of 20 years in prison.

While Griffith traveled to North Korea without a special validation from the US government, as required, Ethereum co-founder Vitalik Buterin believes the programmer spoke at the conference in order to bridge a divide.

In a tweetstorm on Sunday, Buterin tells his 882,000 followers that he supports Griffith. In response to a blog post entitled, “Let’s start a petition to free Virgil Griffith” penned by Enrico Talin, the founder of blockchain platform Commerc.io, the Ethereum co-creator says he’s prepared to sign a petition to set Griffith free.

Virgil Griffith, the American programmer who traveled to North Korea and was later arrested at Los Angeles International Airport on Thursday, has ignited a fierce debate regarding his actions.

According to a criminal complaint released by the US, Griffith, an Ethereum researcher who spoke at a blockchain conference in Pyongyang, is accused of assisting North Korea in evading sanctions imposed by the US government. The charge carries a penalty of 20 years in prison.

While Griffith traveled to North Korea without a special validation from the US government, as required, Ethereum co-founder Vitalik Buterin believes the programmer spoke at the conference in order to bridge a divide.

In a tweetstorm on Sunday, Buterin tells his 882,000 followers that he supports Griffith. In response to a blog post entitled, “Let’s start a petition to free Virgil Griffith” penned by Enrico Talin, the founder of blockchain platform Commerc.io, the Ethereum co-creator says he’s prepared to sign a petition to set Griffith free.

Buterin writes,

“Prefacing with two points. [i] Conflict-of-interest disclosure: Virgil is my friend, [ii] this whole thing has nothing to do with EF. EF paid nothing and offered no assistance; it was Virgil’s personal trip that many counseled against.

Geopolitical open-mindedness is a *virtue*. It’s *admirable* to go to a group of people that one has been trained since childhood to believe is a Maximum Evil Enemy, and hear out what they have to say. The world would be better if more people on all sides did that.”

Adding that Griffith made no personal gain from his trip, Buterin doesn’t believe that Griffith’s actions were intended to inflict harm.

“I don’t think what Virgil did gave DRPK any kind of real help in doing anything bad. He *delivered a presentation based on publicly available info about open-source software*. There was no weird hackery ‘advanced tutoring’. 

“So I hope USA shows strength rather than weakness and focuses on genuine and harmful corruption that it and all countries struggle with rather than going after programmers delivering speeches parroting public information.”

The US State Department imposed a travel ban in September of 2017, prohibiting US citizens from visiting North Korea after American university student Otto Warmbier, who was arrested in Pyongyang in 2016, was charged with subversion for attempting to steal a propaganda poster from his hotel. Warmbier was imprisoned and subsequently released, in a coma, in June of 2017. He later died.

According to the ban, the US State Department explicitly states that Americans are at risk.

“Do not travel to North Korea due to the serious risk of arrest and long-term detention of U.S. nationals.

• Individuals cannot use a U.S. passport to travel to, in, or through North Korea without a special validation from the Department of State.

• Special validations are granted only in very limited circumstances.”

The travel ban was extended in August of 2018, with a stipulation that “individuals who wish to travel to or within North Korea for extremely limited purposes,” can obtain a special validation provided their travel plans align with the national interest.

As an Ethereum researcher, Griffith is presumed to have expert knowledge on blockchain and cryptocurrencies and how to use the technology to thwart US efforts to impose restrictions on North Korea, whose track record on human rights Buterin does not condone.

He writes,

“Human rights violations in North Korea are very terrible and sad and a major contributing factor to my own lack of interest in visiting.”

Ethereum is an open source, public blockchain that powers private and public networks. It can be used to store records securely and track transactions. By using smart contracts and cryptocurrency, Ethereum allows two unrelated parties to settle agreements without intervention from third parties. Source: dailyhodl

Ethereum

Ethereum Price Analysis: There are signs a pullback might be starting

  • Ethereum is trading nearly 2% lower as crypto sentiment is weak on Wednesday.
  • Now the ETH/USD pair has started selling off and the chart highlights the support levels.

ETH/USD 1-Hour Chart

Etherum has started to sell off slightly in mid-US session.

Now an internal trendline has broken after the previous high was not tested.

That failed test could mean the 260.00 support may be tested.

There was also a nice shooting star (inverted hammer) bearish candle at the top of the test of the high.

All of these bearish signals indicate we could be heading lower. Only time will tell.

Ethereum Fibonacci

Additional Levels

ETH/USD

OVERVIEW
Today last price279.09
Today Daily Change-3.92
Today Daily Change %-1.39
Today daily open283.01
TRENDS
Daily SMA20228.09
Daily SMA50183.54
Daily SMA100166.83
Daily SMA200177.68
LEVELS
Previous Daily High286.37
Previous Daily Low259.45
Previous Weekly High287.42
Previous Weekly Low216.5
Previous Monthly High186.73
Previous Monthly Low125.81
Daily Fibonacci 38.2%276.09
Daily Fibonacci 61.8%269.74
Daily Pivot Point S1266.18
Daily Pivot Point S2249.36
Daily Pivot Point S3239.27
Daily Pivot Point R1293.1
Daily Pivot Point R2303.2
Daily Pivot Point R3320.02

News Source

Continue Reading

Ethereum

Ethereum’s rally may have been less reliant on Bitcoin in 2020

Since the start of January, a majority of the assets have climbed up the valuation ladder and Bitcoin’s 40+ percent hike has hoarded significant attention.

However, the impact of the altcoins cannot be denied and according to recent data, Ethereum‘s price boost has triggered changes in several fundamental trends.

ETH/USD on Trading View

According to Alex Kruger, the average ETH trading volume over the past week surpassed the average trading volume from the second half of 2019 by four times. The increase in trading volume has inevitably transcended into ETH’s price, hiking it up to 117.59 percent over the last 50 days.

Source: Skew

Kruger also hinted that certain users may have been buying ETH at an aggressive pace. Keeping that in mind, a recent trend has been identified in the skew charts as well.

BitMEXOKEx, and Huobi are three of the largest exchanges that facilitate ETH futures trading. As observed in the chart, the aggregated open interest on all the three exchanges has spiked up since the turn of the year. On 14th Feb, the open interest exhibited on the exchanges was $234, $220 and $184 million, respectively, but it was followed by a dip on 16th Feb. However, the OI spike again on 18th, when the aggregated open interest rose back up to $209, $223 and $208 million, indicating a new ATH on OKEx and Huobi.

Source: Skew

The sentiment can also be verified in terms of the ETH futures volume as the aforementioned exchanges registered over $1 billion each in futures trading over the past 24 hours.

Source: Skew

Over the past week, ETH-BTC realized correlation seemed to have dropped drastically from 89 percent of 12th February to 70 percent on 18th February. The insight that can be drawn from this chart is that Ethereum has been less reliant on Bitcoin’s movement over the past week.

Even in terms of Ethereum’s price spread percentage with respect to Bitcoin, Ethereum’s valuation had managed to ascend its way to 2.8 percent, a high which was last observed on July 1st, 2019.

Source: Skew

At the moment, it is safe to say Ethereum is managing to hold its own in the digital asset industry and its bullish rally is getting less and less dependent on Bitcoin’s performance.

News Source

Continue Reading

Ethereum

3 REASONS TO BE BULLISH ON ETHEREUM RIGHT NOW

The Rundown

  • Low Price From ATH
  • ETH 2.0 Hopium
  • Ethereum Use Cases

Ethereum has been leading crypto markets in recent weeks and its return to bullish territory yesterday has reversed any pullback momentum. These three reasons are why ETH is performing well.

Total crypto market capitalization has jumped by around $15 billion over the past 24 hours as it barrels towards $300 billion once again.

Bitcoin is back in five figure territory but it has been Ethereum in the driving seat. Since its dip earlier this week ETH prices have regained 16% to top out at $285 according to Tradingview.com. The asset has made 120% so far this year which triples the gains of its big brother.

As observed by industry analysts, ETH trading volume has skyrocketed over the past week.

So what is driving all the ETH bullishness?

LOW PRICE FROM ATH

Ethereum is still at a very low level from its all-time high and can really be considered as still in a bear market until it breaks $400.14 BTC & 30,000 Free Spins for every player, only in mBitcasino’s Crypto Love Affair! Play Now!

At today’s prices ETH is still 80% down from its peak whereas bitcoin is less than 50% down. Even after its recent rally, Ethereum prices are still viewed as a good buy with a lot of potential to go higher.

ETH 2.0 HOPIUM

During late 2019 Ethereum was under fire from all angles for delays in pushing Serenity out and the Muir Glacier fork which extended the difficulty bomb. Developers were frustrated and investors annoyed as prices slumped as low as $120.

2020 has brought renewed optimism for the network with promises that at least the first stage of ETH 2.0 will be launched this year heralding in a new era of staking opportunities on Ethereum.

Other PoS tokens such as Tezos have done extremely well recently as exchanges have offered staking rewards, making it easier for the layman to get involved and earn from crypto.

ETHEREUM USE CASES

Ethereum is no longer just the fuel for ICO war chests, it has advanced since 2017 and has so many more use cases today.

A burgeoning DeFi market has reinforced the notion that ETH is the money of the internet as if becomes the foundation for this new financial landscape. There have been a few hiccups with DeFi this week but all new technology goes through teething pains so this is perfectly normal despite what the bitcoin maxis say.

ETH is also being increasingly used in the crypto gaming industry and is the standard platform for non-fungible tokens. Notwithstanding the claims of rival platforms such as Tron and EOS, Ethereum is still the industry standard for smart contracts and decentralized applications.

After a two year bear market, 2020 will be the year Ethereum recovers and shines again.

Continue Reading
Open

Close