Reported 8 months ago
Ether, the token of the Ethereum blockchain, saw a significant increase amidst speculation that the US regulatory scrutiny on the blockchain underlying the digital asset may be easing. This rise came as Consensys, an Ethereum developer, stated that the SEC is closing its investigation into Ethereum 2.0. The uncertainty regarding whether Ether is an unregistered security had previously affected its demand. This news had a positive impact on Ether's value and also influenced other cryptocurrencies in the market like Bitcoin.
Source: YAHOO