Bitstamp

All bark and some bite. China’s Bitcoin ban puts traders in the ‘fear’ zone

China bans Bitcoin (BTC), again.No, we’re not traveling back in time. On Sept. 24, the People’s Bank of China (PBoC) published a new set of measures to promote inter-departmental coordination on cracking down on crypto activity. The measures intended to “cut off payment channels, dispose of relevant websites and mobile applications in accordance with the law.”Most investors may have missed the $3 billion BTC and $1.5 billion Ether (ETH) monthly options expiry that took place less than one hour before the crypto ban news came out. According to “Molly”, a

Huge Ethereum buy wall sends ETH to a 19-month high against Bitcoin

As the price of Ethereum’s Ether (ETH) surpassed $450, a huge buy wall on the major cryptocurrency exchange Bitfinex emerged. Shortly thereafter, ETH achieved $270, a 19-month high against Bitcoin (BTC).The price of Ether against the price of Bitcoin. Source: SkewThroughout the past two months, ETH has sustained strong upwards momentum buoyed the rising user activity on Ethereum. Data from Etherscan shows that the daily transaction volume on Ethereum rose from around 420,000 in January to over 1.2 million transactions per day in August.Why ETH price is surging and the demand