The CFTC is welcoming public comments aimed at understanding Ether token and the Ethereum network use cases. The CFTC has filed an RFI (request for information) to hear public views on the underlying technology. The public would have to comment within 60 days. The effort is expected to support the body to come up with better decisions.
The CEO of Google Sundar Pichai revealed that his son mines Ether at the New York Times DealBook conference. He exposed that his 11-year-old son uses the PC at home to mine Ether on the Ethereum blockchain. He expressly stated, “I was talking something about Bitcoin, and my son clarified what I was talking about was Ethereum.”
The payment service provider, Skrill is to enable crypto trading. The users would be able to trade or purchase Bitcoin, Ether and other coins through the Skrill Wallet. Currently, the wallet supports Bitcoin, Bitcoin Cash, Litecoin, Ether and forty fiat currencies. The service is available in more than 30 countries including the UK, France, South Africa, and others.
Ether is to be added to the crypto derivative platform, LedgerX. The LedgerX offers derivative products to the institutional investors. The listing of Ether would be made on the platform only on the approval from the Commodities Futures and Trading Commission (CFTC) post the regulatory meeting scheduled to happen on 5th October after testing the product.
The price of bitcoin dropped below $6,000 level. Reportedly, the market capitalization was observed to be below $200 billion, the lowest in 2018. Currently, the crypto is traded at $5,900 level. The price has depreciated by 5% in the last 24 hours. The price of Ether and XRP has also dropped. The value of XRP has depreciated by more than 90%.
A mobile app, Change Wallet has been launched by an Estonia-based company, Change offering zero-commission fees to accelerate the Bitcoin’s adoption rate. The application supports cryptos such as Bitcoin, Ether, Ripple, Litecoin, and Tether. The app also enables the user to convert between cryptos. The app is accessible from the European Economic Area.
Athena Bitcoin has extended support to the Ether (ETH). The bitcoin ATM has already added Bitcoin, Litecoin and Bitcoin Cash to its platform. The trading rate of ETH is reported to be at 15%. The ATM is accessible in the U.S. states such as California, Florida, Georgia, Illinois, Missouri, Ohio, Pennsylvania, and Texas.
Cryptogirl a game developed on Ethereum network released its open-beta trail version. The game facilitates in-game digital collectibles which can be traded using Ether. The Cryptogirl are developed based on the ERC721 token. The players would be able to obtain the characters through the use of in-game token called ‘debris’ which utilizes ERC223 token system.
The Federal Reserve Bank of St Louis would be tracking four cryptocurrencies such as Bitcoin, Bitcoin Cash, Ether, and Litecoin. The Federal Reserve Economic Data would be updated based on the information obtained from the Coinbase crypto exchange. The said cryptos are to be added to the research database.
William Hinman, the director of the corporate finance division at the U.S. Securities and Exchange Commission (SEC), has declared that the Ether (ETH) is not a security. The official categorized cryptos as an “evolving coin” and highlighted that even Bitcoin is not a security. He quoted, “In its (ETH) current state, we don’t see value regulating it.”