Digital Assets giant, Grayscale Investment has announced that its Ethereum Trust (ETHE) has scaled through the regulatory process and has gotten the needed approval from the Financial Industry Regulatory Authority (FINRA) for retail trading. The firm confirmed the news through a press release issued on May 23, 2019. Revolutionary Development The new approval from the regulatory body will give ETHE, which is set to become the first publicly-quoted security based on Ethereum, the go-ahead to trade on over-the-counter (OTC) markets. The new product will thus follow Grayscale’s equivalent of Bitcoin (BTC) and Ethereum classic (ETC) Trusts, which are already public quoted. Although, it remains to be seen if the new product will be compatible with the Depository Trust Company (DTC), which is the world’s largest securities depository with more than $35 trillion of securities deposited. The company expressed optimism in the latest development, the official statement from the press release
Ethereum Classic (ETC)
Zero-Fee Crypto Trading App By Robinhood Crypto Launches In New York Robinhood Crypto has been approved for a BitLicense for operation in New York. The trading platform is now available in 39 out of 50 states in the US. Robinhood Crypto is known for its opportunities that are free of fees when it comes to trading. The platform centers around being like the man it is named for, making the crypto industry accessible to investors of all financial backgrounds. According to a blog post by the company on May 23rd, the platform has officially been cleared to operate in New York. The Block reports that customers were notified of this progress via email. The New York State Department of Financial Services (DFS) provided the trading app with a BitLicense in January of this year, which is a requirement for any platform that operates in the state. Recently, the DFS approved Tagomi Trading for a BitLicense for their institutional-grade crypto trading platform. Bloomberg reported on April 18th
Both the medium and the short term outlooks of ETC/USD trade has been characterized by different range price movements. The bulls seem to have the potential to push price out of the current ETC/USD range spots. ETC/USD Medium-term Trend: Ranging Supply levels: $8.50, $9, $9.50 Demand levels: $6.50, $6, $5.50 The market movements of ETC/USD have been significantly featuring in a range moving-mote around three key price levels of $8, $7.50 and $7 marks in the medium-term run. The movements are also depicted by variant degrees of small higher highs and higher lows above the 50-day SMA indicator’s trend-line. All the indicators are now located in the range zones as both the 50-day SMA and the Bollinger Lower Band are situated near to the $7 lower range spot. The Stochastic Oscillators now closed hairs to lie flatly a bit below range 40. The $7 lower range point is now expected to be the bulls’ building stance while the market only tests it gently. However, a breakdown at that price
Since on April 7, the ETC/USD pair had been facing resistance at the $8 price level. The crypto’s price was trading between the levels of $5.50 and $8.0. In April the market fell to the support of the $5.41 price level and commenced a sideways trend.
Crypto markets hit another high; Ethereum, Stellar, Cardano, ETC and NEM on fire. Market Wrap Yet again crypto markets have surged to a new high for the Crypto markets hit another high; Ethereum, Stellar, Cardano, ETC and NEM on fire
ETC/USD has suddenly spiked up to face a rejection point at around $7.50 mark. Breaking down of the 50-day SMA indicator could be a signal to end the current bullish trend of the market. ETC/USD Medium-term Trend: Bullish Supply levels: $7, $8.50, $9 Demand levels: $5, $4.50, $4 Ethereum Classic market valuation has witnessed a sudden and sharp breakout from the previous range levels it was keeping as paired with the US dollar trade. The crypto has been noted to have started its current upswing movements on May 11 after the emergence of a bullish candlestick over the 50-day SMA indicator. The 50-day SMA is now located below the Bollinger Middle Band. The Stochastic Oscillators have slightly bent to point south near range 40. The pair now appears to face a strong rejection mark at around $7.50. And the failure of the bulls to push northwards further from that point could pave way for a decent bears’ entry line in the market. ETC/USD Short-term Trend: Bullish ETC/USD price trend is
It looks like XRP, the crypto asset created by Ripple, is finally available for residents of the state of New York if they use Coinbase. According to a recent tweet of the company, people from the state will now be able to buy, sell, receive, send and convert XRP tokens, as well as store them, obviously. However, as reported by some crypto media outlets, the actual trading of XRP was still not available for the residents when the announcement happened but it will probably be very soon. Now, people in the state of New York will be able to trade six kinds of assets: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC) and Ripple’s XRP. Why This is Such A Big Deal It is very hard to offer financial services in New York. If you remember that Wall Street, the most powerful financial hub of the world, is there, it makes sense. Only big boys can play in New York. Because of this, it is a huge win for
The ETC/USD pair was in a downward trend after the bulls were resisted at the $8 resistance level. The crypto’s price fell to a low at $5.41to commence a bullish trend. The $5.41 price level was the previous resistance level for the ETC price.
The things that have become possible since the advent of the blockchain and cryptocurrencies are quite numerous and have continued to increase. For instance, in the past things like secure and uncensorable trading, fast and free international transactions and a virtual store of value, etc. were impossible with the old systems but today, the new technology has made them possible and it continues to break new grounds daily. Yet one thing threatens the beautiful world the blockchain and cryptocurrencies have the potential to build and that is the tribal differences growing in the community. These differences can be seen when Ethereum Classic (ETC) enthusiasts claim their choice is more advantageous than Ethereum. Another example is when Bitcoin fans consider other digital assets of little relevance compared to Bitcoin. This obvious lack of unity within the crypto community is causing more harm than good and definitely posing a threat to the growth and potential of cryptocurrency,
SFOX has recently launched the monthly volatility report in which they inform that the crypto market is still mildly bullish. The results from April show that this is the fourth consecutive month in which the market is operating in a bullish area. In April, Bitcoin (BTC) was close to reaching $6,000 and it was traded at its highest point since November 2018. SFOX Shows Crypto Market Remains Bullish The SFOX research team collected information and data from eight major exchanges and liquidity providers. In this way, they are able to analyze the performance of six different digital currencies, Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Bitcoin SV (BSV) and Ethereum Classic (ETC). The SFOX Multi-Factor Market Index ended March “mildly bullish.” Now that April has passed and the data has been analyzed, the report concludes that April also remains “mildly bullish.” In order to be able to provide this index, SFOX uses proprietary and a quantifiable indicator that
ETC/USD trade operations have been basically carried out around confinement of price levels between $6 and $5.50 marks. The Bulls have appeared to be losing stance gradually in the ETC/USD market. ETC/USD Medium-term Trend: Ranging Supply levels: $6.50, $7, $7.50 Demand levels: $5, $4.50, $4 Most of the market activities of ETC/USD have been basically carried out around confinement of price levels found between $6 and $5.50 marks quite a while. The crypto-pair encountered a rejection at the $6 between May 3 and 4. On May 6, the pair eventually got drop to hover around the $5.50 current lower range point. All the trading indicators almost maintain a perfect trending mode towards the east direction within the range spots. The Stochastic Oscillators now slantingly point to the north below range 80. The bulls’ capacity to push the crypto-market upward further has appeared to be getting weaker. Therefore, seeing more short ups could soon be featuring between the $6 upper range mark and
Summary The SFOX Multi-Factor Market Index remains at mildly bullish entering May 2019. April highlighted the sustained influence of BTC and individual exchanges on cryptoasset performance. ETH, BCH, and LTC’s movements were highly correlated with BTC, suggesting that large enough movements in BTC may still control the overall market, despite the continued development of other …
Ethereum Classic(ETC) is actually the original Ethereum blockchain network. ETC today represents one of the most profitable coins mineable due to is relatively low network difficulty.
Ethereum Top Smart Contract Platform April 2019 Ethereum has experienced an impressive month for smart contracts in April. The platform has attracted around 236,000 visitors and had a transaction volume of over $500 million. Comparatively, EOS’s transaction volume for that month was around $115 million and it had 68,000 visitors. ADA follows next, with a transaction volume of around $113 million and 8,000 visitors. Then there is TRX, with a transaction volume of around $27 million, but 68,000 visitors. NEO is next, with a transaction volume of around $26 million and 4,000 visitors, with XEM and ETC following behind. Given the numbers, it seems that Ethereum was the go-to platform of choice for many concerning smart contracts. Ethereum outperformed EOS by around $400 million in transaction volume. When it comes to ADA, its numbers show that although it had just 8,000 visitors, the transaction value may have been higher. Accordingly, it seems that smart contract transaction volume is