Ethereum 

Ether (ETH) Looks to Break Nearly 2-Year Bear Market Against Bitcoin

This past week, Bitcoin (BTC) price had many investors biting their nails as the top crypto asset turned bearish and is currently fighting to stay above crucial support at $8,300.  Meanwhile, altcoin investors are growing increasingly bullish sentiment wise and a number of lesser-known altcoins rallied impressively throughout the week. Ether price (ETH) is also heating up and the ETH/BTC pair is continuing to flash bullish signals.  Crypto market data daily view. Source: Coin360 The Nov. 15 drop from $186.59 brought Ether price below the ascending trendline and below the…

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Ethereum 

Binance Adds Support for Turkish Lira and Bitcoin, XRP, Ether Trading Pairs

Binance cryptocurrency exchange has added support for buying Bitcoin (BTC) and other cryptocurrencies with the Turkish lira through its local digital wallet partner Papara.  The exchange unveiled the addition on its website on Nov. 15, one week before CEO Changpeng Zhao’s (CZ) visit to Turkey. According to the website, Turkish users are now able to exchange lira for BTC, Ether (ETH) and XRP through their Papara digital wallets. Upon a request from Cointelegraph, Binance declined to comment beyond acknowledging the soft launch of Turkish Lira support. Per the official website,…

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Bitcoin 

Bitcoin Price Gains Above $9.1K as Ether Looks to Rally to $285

To a new investor entering the crypto-space sights like today’s 3.5% pump to $9,141 is enough to make you giddy with excitement about the future of cryptocurrency. But is it that impressive? After all, Bitcoin (BTC) price was $9,300 last week, which is $200 higher than it is now. So let’s take a look at some of the factors causing, and fuelling these swings. Daily crypto market performance. Source: Coin360.com Bitcoin CME gap  Bitcoin price (BTC) took a dive from $9,265 and closed at $8,804.88 on Friday, November 8th, in…

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Bitcoin 

Ether and Bitcoin Price Look for Direction After Last Week’s 42% Rally

Over the past few weeks, Ether (ETH) has tracked Bitcoin’s (BTC) price action and observant traders have deftly played reversals off double bottoms and back to back bounces at the $162 and $153 support. A comparison of the daily and weekly charts of Ether and Bitcoin highlights a number of similarities, chiefly, the Doji candle set right outside the upper arm of a wedge pattern. Ether, like Bitcoin, is consolidating into a tightening range as Bitcoin cools off and searches for direction after the meteoric 42% rally on Oct. 25. …

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Ethereum 

US CFTC Chairman Says Ether Is a Commodity, ETH Futures Coming Next

The chairman of the United States Commodity Futures Trading Commission (CFTC) believes Ether (ETH) is a commodity — and that ETH futures trading is becoming a reality. Heath Tarbert, who overtook J. Christopher Giancarlo in July, revealed his stance toward cryptocurrencies and forked coins at the All Markets Summit on Oct. 10, Yahoo Finance reports. First CFTC guidance on Ether While the CFTC has been very clear that Bitcoin is a commodity, this is reportedly the first time that the authority has provided a vision for Ether, the second-biggest cryptocurrency by market cap. Tarbert said:…

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Ethereum 

Swiss Exchange SIX Lists Joint Bitcoin and Ether Exchange-Traded Product

Swiss crypto broker Bitcoin Suisse has partnered with fintech firm Amun to launch a new crypto exchange-traded product (ETP) on the country’s stock exchange SIX. “ABBA” Bitcoin and Ether ETP goes live As industry media outlet The Block reported on Oct. 3, the joint Bitcoin (BTC) and Ether (ETH) product, trading under the ticker ABBA, is already live on SIX exchange. The ETP is weighted 90% Bitcoin and 10% Ether. It represents the latest crypto offering to launch on SIX, which already features dedicated Bitcoin, Ether, Bitcoin Cash (BCH) and…

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Ethereum 

Venezuelan Central Bank is Considering Holding Bitcoin and Ether

Venezuela’s central bank is exploring the possibilities of holding Bitcoin (BTC) and Ether (ETH) in its coffers, according to anonymous sources who reportedly have direct insights into the matter. Can the central bank store Bitcoin and Ether? According to a Sept. 26 Bloomberg article, the central bank of Venezuela is taking a closer look at whether they have the possibility to store cryptocurrencies.  The state-run oil and gas company, Petroleos de Venezuela SA (PSDV), had requested the central bank look into the matter after the oil producer ran into difficulties…

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Ethereum 

Ether Price Drop Shakes DAI Stablecoin Peg, Two Collateral Contracts Closed

The recent Ether (ETH) price drop showed the reliability and weaknesses of the decentralized stablecoin built by MakerDAO, Dai (DAI), and the decentralized finance (DeFi) ecosystem built on top of it. A decentralized stablecoin Ethereum-collateralized decentralized stablecoin DAI managed to maintain its peg to the United States dollar as Ether lost over 18% of its value in under two hours, falling from $190 to $155 yesterday. As of press time, Ethereum holds a price of about $171. Ethereum seven-day price chart. Source: Coin360 The impact of higher transaction fees DeFi…

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Bitcoin 

SoFi Launches Zero-Fee Crypto Trading for Bitcoin, Ether, Litecoin

California-based financial firm SoFi has added zero-fee cryptocurrency trading to its platform SoFi Invest. According to an official announcement on Sept. 25, crypto trading on SoFi Invest joins the list of previously introduced trading of stocks and exchange-traded funds. SoFi Invest now offers clients to buy three major cryptocurrencies such as Bitcoin (BTC), Ether (ETH) and Litecoin (LTC), with the firm claiming that users do not even need to set up a crypto wallet, according to the platform’s website. Increased demand for crypto from clients To welcome new crypto users…

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Ethereum 

Cryptocurrency Payments Processor BitPay Adds Support for Ether

Major cryptocurrency payment services provider BitPay has added support for the second-largest cryptocurrency by market capitalization, Ether (ETH). Per a press release published on Sept. 16, companies that use BitPay for payment processing are now able to accept Ether for purchases without having to set up any enhancements. BitPay has also made it possible for users to store and use Ether in a BitPay wallet, and for BitPay Prepaid Visa Card holders to top up their debit cards. Ether joins Bitcoin and Bitcoin Cash Launched in 2011, BitPay processes payments…

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