Ethereum reached $400

Ethereum cryptocurrency rose by 20% within past 7 days and by $7% within past 24 hours reaching all time high of $400
23 November 2017   2397

Ethereum, a cryptocurrency based on open source Ethereum platform for writing and distribution of decentralized applications, has risen by 7% within 24 hours and reached all-time high of $400 at 10:49 UTC on November 23. The market capitalisation of the coin at this moment was $38,4 billion.

Ethereum Charts November 2017Ethereum Charts 

Ethereum is the cryptocurrency which has fast transfers and its price has mostly seemed to be quite stable not showing crazy spikes. As pie chart shows, the number of transactions Ethereum processed during past 24 hours is more than the number of transactions made by main cryptocurrencies all together within the same amount of time.

Ethereum transactions pie chart 23 november 2017Cryptocurrencies transactions pie chart for November 23

Currently Ethereum is being actively traded at the following exchanges:

  • Bithumb
  • Bitfinex
  • GDAX
  • Coinone
  • Poloniex
  • Bittrex

List of Ethereum exchangesList of Ethereum Exchanges

The price and transactions increase of Ethereum was preceeded by the announcement of Ethereum developers who are looking to use code for their experimental Casper proof-of-stake protocol as the basis for a new test network. Moreover, on November 22 it came to light that a subsidiary of international banking giant Intesa Sanpaolo is showing interest in Ethereum derivatives.

At the moment of press, these are main market parameters of Ethereum:

  • Average price: $394.51
  • Marketcap: $37,834,598,658 
  • 24h volume: $1,346,990,000

dOrg to Become The First DAO With Legal Status in US

DAO is a company in which the centralized leadership and hierarchy is replaced by a smart contract
13 June 2019   194

The decentralized autonomous organization (DAO) dOrg based on the DAOstack framework registered dOrg LLC in Vermont, USA. This was the first precedent in the United States, according to law firm Gravel & Shea.

According to the company, the blockchain-based limited liability company (BBLLC) has a legal status, which allows it to enter into agreements and protect the interests of participants in accordance with applicable law.

Note that a DAO is a company in which the centralized leadership and hierarchy is replaced by a smart contract. Decisions in such organizations are made by voting by the participants, which provides consensus.

dOrg asked us to help design a DAO legal wrapper after discovering the potential of BBLLCs. We believe that dOrg is now the first legal entity that directly references blockchain code as its source of governance. Its material operations and ownership interests are managed entirely on-chain.

Oliver Goodenough

Law professor, Vermont Law School and special counsel, Gravel & Shea

dOrg believes that they have made the first step in integrating the DAO format into the existing economy.

Some time ago, Moloch DAO attracted 1000 ETH from Vitalik Buterin, Joseph Lubin, start-up ConsenSys and non-profit organization Ethereum Foundation.