Tag: Ether

3 key Ether price metrics point to growing resistance at the $1,750 level

boss

Ether’s price plunged 7% between June 14 and June 15, reaching its lowest level in three months and impacting investors’ view that the altcoin was en-route to turning $2,000 to support.  It is worth noting that the $1,620 bottom represents a $196 billion market capitalization for Ether (ETH), which is higher than PetroChina’s $186 billion and not far from chipmaker AMD’s $198 billion. Being the 66th largest global tradable asset is no small feat, especially considering that the cryptocurrency is merely eight years old and does not return any kind of…

Celsius seeks to convert alts to Bitcoin and Ether under reorganization plan

boss

Defunct crypto lender Celsius has revised its bankruptcy filing awaiting approval from a bankruptcy court in New York after a successful acquisition deal with Fahrenheit. The crypto lender filed its reorganization plan on June 15. Under the revised plan Celsius will be selling all altcoins from all customers except Custody and Withhold accounts and converting them into Bitcoin (BTC) and Ether (ETH), starting from July 1. Celsius will be selling all altcoins from all customers (except Custody and Withhold accounts) starting July 1st and will be converting them into Bitcoin…

Hinman Emails Show SEC Officials Questioned Ether Security Status in 2018, Spurring XRP Price Surge Amid Ripple’s Legal Battle

“As written, the language remains vague as to whether ETH is a security. If you want to make an affirmative statement that it is not a security, the language could be stronger (i.e., just say it). If you don’t want to take an affirmative stance, we suggest using language similar to what you used for Bitcoin re. the disclosure regime to make it more consistent,” wrote former SEC Director of Trading and Markets Brett Redfearn on June 12, 2018. Source BattleemailsEtherHinmanLegalOfficialsPricequestionedRipplesSECSecurityShowSpurringStatusSurgeXRP CryptoX Portal

SEC concerned over ‘Ether is not a security’ statement

boss

Newly released documents showing edits that were made to a 2018 speech given by former director of the Security and Exchange Commission’s (SEC) corporate finance division Bill Hinman suggest the editors were concerned his statement might undermine the idea that Ether (ETH) is a security.  This could risk locking the agency into a position it would find hard to change at a later date, the SEC comments warn. “Even with the caveats in the sentence, it seems that it would be difficult for the agency to take a different position…

Hinman’s 2018 Speech on Ether Needed More Clarity, SEC Officials Said at the Time, Emails Released by Ripple Show

“As written, the language remains vague as to whether ETH is a security. If you want to make an affirmative statement that it is not a security, the language could be stronger (i.e., just say it). If you don’t want to take an affirmative stance, we suggest using language similar to what you used for Bitcoin re. the disclosure regime to make it more consistent,” wrote former SEC Director of Trading and Markets Brett Redfearn on June 12, 2018. Source

Bitcoin and ether stand ground this week while altcoins tumble on the SEC’s Coinbase crackdown

boss

It’s “business as usual at Coinbase” while the crypto market waits for the exchange’s legal battle with the SEC to unfold over the coming months, possibly years. This week the Securities and Exchange Commission continued its crackdown on the crypto industry, suing the largest exchange in the world, Binance, on Monday only to go after the largest exchange in the U.S., Coinbase, the following day. The agency alleged Coinbase has been operating as an unregistered exchange, broker and clearing agency, and that its staking program violates securities laws. Coinbase shares…

DeFi Protocol Curve Finance Now Lets Users Mint crvUSD for Staked Ether

CryptoX is a multi-platform publisher of news and information. CryptoXtrade has earned a reputation as the leading provider of cryptocurrency news and cryptomarket analysis, bitcoin and other cryptocurrencies, blockchain technology, finance and investments. CryptoXtrade have become a known leader in the cryptocurrency information market. We work only with trusted information sources providing latest financial and technological innovations that improves the quality of life of CryptoX readers by focusing on Cryptocurrency and Blockchain. CryptoX Portal

Optimism Says Ether $ETH Now Treated as Native Cryptocurrency Alongside $OP Token

“With Bedrock, we’ve added a new method of making deposits via the new Optimism Portal contract. This approach treats ETH as a native token, so that an L1 to L2 transaction can have both ETH and data associated with it,” said Maurelian. “To achieve this, we needed to decouple the storage of ETH from the rest of the ERC-20 tokens in our bridge, and move it into the Optimism Portal.” Source