With the former FTX CEO’s arrest, the crypto market has now shifted its focus to improving macroeconomic conditions, analysts said. Source
Ether, Bitcoin Post Gains as Crypto Market Cheers Sam Bankman-Fried's Arrest, Inflation Data
Tag: Ether
CFTC declares Ether as a commodity again in court filing
The Commodity Futures Trading Commission (CFTC) has again labeled Ether (ETH) as a commodity in a Dec. 13 court filing — in contrast to statements from chief Rostin Behnam on Nov. 30 suggesting that Bitcoin was the sole cryptocurrency that should be viewed as a commodity. According to the CFTC, as per their filing today, ETH is a commodity. This really should put any security designation to rest. pic.twitter.com/PkHWredNK4 — Hal Press (@NorthRockLP) December 13, 2022 In its lawsuit against Sam Bankman-Fried, FTX, and sister company Alameda Research, the regulator on…
First Mover Asia: Uniswap ‘Fee Switch’ Proposal for Popular Ether Pools Stirs Up Community Debate
Some see the proposed pilot project as an “important step,” while others say it may lead to reduced trading activity. Source
Ethereum Developers Target March 2023 for Release of Staked Ether in Shanghai Upgrade
Developers also agreed to a second hard fork sometime in the fall of 2023, that would address another significant scaling upgrade – proto-danksharding, also known as EIP 4844. EIP 4844 would make Ethereum more scalable through sharding, a method that splits up the network into “shards” as a way to increase its capacity and bring down gas fees. Source
Ether Breaks Trendline From Previous Bear Cycle Lows
The breakdown of the ascending trendline corresponding with previous bear market lows looks horrible, one portfolio manager said. Source
US Sen. Cynthia Lummis: Ether Is Now a Security; My Bill Might Have Stopped FTX
The Wyoming Republican says the second-largest cryptocurrency was transformed by the Ethereum Merge. Source
Crypto Exchange Binance.US Eliminates Trading Fees for Ether
Binance.US is getting rid of trading fees for ether (ETH), the company announced on Tuesday, expanding its zero-free program beyond just bitcoin (BTC). Free trading will apply to the following spot market pairs: ETH/USD, ETH/USDT, ETH/USDC and ETH/BUSD. The exchange will also offer additional trading fee discounts to customers who pay their trading fees with BNB tokens. Source
Ether Turns Inflationary as Network Usage Slows
Ether’s annualized inflation rate previously dropped below zero following the collapse of FTX-induced market volatility, which spurred a rise in Ethereum network usage. The positive inflation rate indicated ETH being minted outpaced being burned. Source
Ether Drops As Whale Moves 73K ETH to Binance
On-chain researcher Lookonchain warned of selling pressure in ether after a whale moved large amounts of the cryptocurrency to Binance. Source
Bitcoin and Ether Are Not Securities in Belgium, Financial Regulator Clarifies – Regulation Bitcoin News
Cryptocurrencies like bitcoin and ether cannot be classified as securities or investment instruments, according to a communication issued by the financial watchdog in Belgium. The authority has tried to clarify the matter, noting that the digital coins may be subject to other regulations. FSMA: Securities Laws Do Not Apply to Bitcoin and Other Decentralized Cryptocurrencies In response to multiple requests for clarification from citizens and businesses, Belgium’s Financial Services and Markets Authority (FSMA) has explained why it believes bitcoin, ether and other similar cryptocurrencies cannot be considered securities or investment…