For nearly the 5th day running, Ethereum, the world’s second largest cryptocurrency by total market capitalization, has continued to hover around the $225 mark— with the asset currently trading at a price point of $222.03. As can be seen from Ether’s 24-hour performance chart below, the lowest the currency stooped to since yesterday afternoon was to the $217 mark, while its relative high for the same time period was $226.5.
Ether’s Upcoming Constantinople Hardfork Has Been Postponed
Earlier today, Peter Szilágyi, one of Ethereum’s core developers, announced that all plans for ETH’s upcoming Constantinople hard fork on the Ropsten Testnet had been delayed as a result of certain technical issues.
Elaborating further on the matter, Szilágyi said that this decision was only taken after heavy consultation with the Ethereum community at large. He then went on to add that the central reason for the delay was a Denial of Service [DoS] attack vector which was interfering with the Ethereum Virtual Machine’s (EVM) functionality.
However, looking at things from a positive angle, Szilágyi said that as a result of this delay, clients will now have time to “implement, test and release an update on the CREATE2 Ethereum Improvement Protocol [EIP], to counter the DoS attack vector”.
Ethereum’s Price Could Surge Thanks to New Exchange Offering
In another piece of highly welcome news for the Ether community, ETH along with LTC could soon be joining Bitcoin in the futures market thanks to U.S retail brokerage firm TD Ameritrade announcing its decision to invest in a new crypto exchange platform called ‘ErisX’.
As things stand, TD Ameritrade is already offering all 11 million of its clients with the option to trade bitcoin futures over the Chicago Board Options Exchange (CBOE) Futures Exchange.
If the idea of Ether futures finds fruition in the coming few months, the currency could finally achieve the breakthrough it has so desperately been seeking all through 2018 (during which the price of the premier asset has fallen by nearly 80% since its January peak).
Thomas Chippas, who is heading this operation, seems to be optimistic about the future of ErisX and stated that his firms’ core goal looking ahead is to offer their customers with a ”wide range of physically delivered futures contracts”.
In relation to the matter, Chippas further added:
“In our opinion, there is no lack of interest in building out markets for people wishing to trade digital assets and there is plenty of space for people to come in with a regulated exchange and clearing house.”
With ErisX all set to rival Bakkt in the near future, things seem to be looking good for the crypto sector as a whole.
Lastly, as per certain insider sources related with the ErisX project, the exchange will be launched sometime in the second quarter of 2019 — while Bakkt will open its doors to clients by the end of this year.
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