Ethereum Breaks $500 For First Time In Cross-Crypto Frenzy

Ethereum is now worth more in USD than ever before as enthusiasm spreads beyond Bitcoin.

Ethereum has reached $500 for the first time on the strength of future plans and Indian markets opening up trading. Data from cross-exchange resource Coinmarketcap shows ETH currently trading around $525 at press time, topping new highs of $400 seen just six days ago.

The moves echo those of Bitcoin, which has added proportionately similar gains in a similar timeframe, and increased by $1000 in the past 24 hours alone. Co-founder Vitalik Buterin had unveiled the ecosystem’s roadmap at a Taiwan conference last week, eyeing Casper and other technical advances intended to address some of Ethereum’s current issues.

In addition, major Indian exchange app Zebpay added Ethereum trading as a direct response to user demand. In a blog post Monday, it revealed it would also add Litecoin, Ripple and Bitcoin Cash to its books.

Having begun the year at just $8, Ethereum is one of the miracles of 2017’s cryptocurrency explosion. Ethereum Classic, Litecoin, Monero and Dash also posted new all-time highs in USD today.

Source: Coin Telegraph




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Ethereum Classic ‘Changes’ Boost Price to New All-Time Highs Over $30

Ethereum Classic has passed $30 as new momentum gives traders a reason to celebrate after months of non-growth.

Ethereum Classic (ETC) has rocketed in price to new all-time highs as the altcoin’s hard fork deadline next month nears.

Following increased enthusiasm at a recent developer conference in Hong Kong, ETC hit $34 in trading Tuesday after news of “significant changes” became mainstream.

The move represents near-50 percent growth in 24 hours, ETC’s best performance to date and a signal to traders that momentum is building to ‘copy’ Ethereum’s (ETH) own push past all-time highs.

Previous ETC highs had faltered at around $23 and a period of reduced public activity from major proponent Barry Silbert had led to several months of flat growth activity.

Silbert has since returned to modest updates on Twitter, confirming a new price record as the $24 levels came and went earlier today.

In addition to the technical improvements planned for ETC, developers also announced the departure of Bitnovosti from the project as they now consider it “self-sustaining.”

“Bitnovosti has decided to leave Ethereum Classic, this was always a part of their plan, get us setup, be our lightening rod, and then step back once we were self sustaining,” a Reddit post reads.

“With three development teams, a passionate community, the ETC Cooperative, our first summit, and wide exchange adoption I’d say we’re there.”

The hard fork meanwhile will deliver a “stable coin supply” and stealth addresses to ensure transaction privacy, an announcement states this week. The event is due to take place Dec. 12.

Secret symbol № 12: v What is this?

Source: Coin Telegraph




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