Ethereum Price Watch: Currency Stays Put Near $215 Region in Wake of Fresh New Exit Scam

At press time, Ether is buying and selling at a secure value level of $214.06, thereby showcasing a minor worth achieve of round 1.45% since yesterday afternoon. As is obvious from the chart under, ETH has lastly discovered some stability after having dipped under the $200 threshold round every week again. Nevertheless, as an general bearish sentiment continues to loom giant over the worldwide crypto sector, it’s nonetheless unclear as to what the longer term actually has in retailer for Ether at this level.

Korean Exit Scam Makes Method With Round $2.7 Million Price of ETH

The crypto trade is thought to be plagued with a quantity of scams which might be designed to tear off unsuspecting traders of their hard-earned cash. On this regard, it’s now being reported South Korean crypto startup has pulled off an exit rip-off whereby the homeowners of the agency have been capable of steal hundreds of Ether tokens from their preliminary backers.

In keeping with native media retailers, PureBit, a agency that promoted itself as being a crypto change platform, was capable of procure a complete of 13,000 Ether (ETH) earlier than the homeowners swiftly transferred the obtained ETH into their private wallets.

Decentralized Exchanges Witness Drop in Every day Commerce Quantity Following the SEC’s Newest Regulatory Actions

After stories of the SEC taking stringent motion in opposition to EtherDelta beginning surfacing everywhere in the web, it’s now be being mentioned that lots of crypto merchants are shying away from utilizing decentralized crypto buying and selling platforms until they hear extra from the regulatory physique concerning its future plan of motion in relation to DEXs.

In keeping with the SEC, the parents over at Etherdelta have been illegally indulging in actions associated to securities buying and selling— one thing which the federal government physique discovered to be in direct violation of its present guidelines of conduct.

Remaining Take

Whereas the ETH ecosystem has been going through lots of backlash from traders over the previous couple of weeks (particularly concerning its failed Constantinople Hardfork), folks like Eric Vorhees, the CEO of ShapeShift, nonetheless proceed to view the premier digital asset as a power to reckon with in at the moment’s digital foreign money market.

On the time of writing this text, Ethereum possesses a complete market cap of USD $21.9 Billion.

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