TagEther

A $100 Million CFTC-Registered Fund Makes Long-Term Bet on Ethereum

Ethereum

By CCN: Bloomberg's Matthew Leising profiled  Darma Capital. It's a $100 million crypto fund with a bullish view on Ethereum and a visionary approach to the future of the internet. You might say they're long Ethereum above all. The hedge fund is helping high-net-worth accredited investors to position themselves for a decade long ether bull run. A key figure in Darma's rise is Andrew Keys. He...

SEC Suggests Ethereum is Usable Currency in Dramatic Kik Lawsuit

By CCN: Ethereum’s status as a legitimate transactional currency was confirmed once again this week - by none other than the Securities and Exchange Commission. The SEC’s recent lawsuit against Kik (KIN) details the particulars of the KIN token sale - the public phase of which was carried out against ETH, as opposed to the U.S dollar. Throughout the official court document, the SEC appears to...

Top Heavy Ethereum: Just 376 Whales Own 33% of All Ether, Valued $9 Billion

Ethereum price, ether

By CCN: A recent study by Chainalysis Inc. found that just 376 people in the world own one third of all the Ether cryptocurrency there is. For comparison the company says 448 people own 20 percent of all Bitcoin. The study also looked at the effect that cryptocurrency "whales," with out-sized stakes in the limited supply of highly sought after coins, have on Ether prices. They found the effect of...

New Zealand Police Investigate 'Complex' $2.4 Million ETH Cryptopia Hack

New Zealand

Police authorities investigating this week's $2.5 million hack of New Zealand-based Cryptopia have admitted the case is a "complex" matter. While the exchange is duly coordinating with authorities to net the accused and the proceedings remain at early stages, all possibilities - including Cryptopia's role in the attack - are being considered. Crypto Attackers have the Cops on Trail An official...

Investment Firm Predicts Cryptocurrency to Grow Up in 2019

tron crypto justin sun

Technology advisory and investment firm GP Bullhound has published its “Technology Predictions 2019,” in what might be music to the ears of disgruntled investors right now, it says we have “yet to see the best” of cryptocurrencies. Should another prediction be trusted? GP Bullhound says only one of its 2018 predictions, the decline of email in the workplace, was incorrect. Its prediction of a...

Shanghai Court Rules Ethereum is Protected Under Property Laws

Ethereum

Shanghai Hongkou District Court has declared that Ether is protected as "general property" by law. The statement was a result of an unjust enrichment case filed by a tech company in Beijing. In September 2017, crypto companies in China started closing their doors after China banned ICOs and crypto exchanges. Caught in the middle of the ban was a company, headquartered in Beijing, which had...

Bitcoin Price Climbs to $7,100 as Crypto Market Hits $232 Billion, EOS Surges 15%

Bitcoin Price

Over the past 24 hours, Bitcoin has rebounded from $7,000 to $7,100, remaining on top of a key resistance level which traders were concerned about. Despite the relatively strong performance of Bitcoin, tokens understandably have not performed well against both Bitcoin and US dollar on August 29, considering the massive gains they recorded earlier this week. EOS has been the third best-performing...

Did ICOs Cause Ethereum to Drop by 44% in 2 Weeks by Dumping on the Market?

Ethereum price ether ETH

Within a period of two weeks, from August 1 to August 14, the price of Ether, the native cryptocurrency of the Ethereum network, dropped by 44 percent. In 14 days, the price of Ethereum plummeted from $470 to $260, reaching its lowest point in 2018 by falling below the $300 mark for the first time since early November, 2017. The entire cryptocurrency market experienced a steep decline in...

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