Bitcoin and ETH Are Commodities, While XRP’s Status Is Unclear, CFTC Says

Bitcoin (BTC) and Ether (ETH) are commodities, while the status of XRP is still unclear, the chairman of the Commodity Futures Trading Commission (CFTC) said. CFTC Chairman Heath Tarbert has reiterated the regulator’s stance on both Bitcoin and Ether in an interview with online news outlet Cheddar on Jan. 13. Tarbert said: “So right now, Bitcoin and Ether are the two that we think fall under our jurisdiction.” In the United States, the CFTC is responsible for regulating commodities, while securities fall under the Securities Exchange Commission. At the same…

Ethereum Smashes Resistance, Reasons Why ETH Could Rally 10%

Ethereum gaining bullish momentum above key hurdles versus the US Dollar, similar to bitcoin. ETH price is likely to accelerate higher towards $145 and $150 in the near term. Ether price is rising steadily and trading above the $135 resistance against the US Dollar. BTC is also showing a lot of positive signs above the $7,400 resistance area. There is a key bullish trend line forming with support near $134 on the hourly chart of ETH/USD (data feed via Kraken). ETH remains well bid above $130 and it seems to…

Upbit’s Stolen Ethereum Is Moving, and It’s Bad News for ETH

In November, Upbit, a popular Korean crypto asset exchange, lost $50 million worth of Ethereum (ETH) from the exchange hot wallet in a seeming hack. Details on the attack remain sparse — some think it was an inside job as the word “hack” was not mentioned and due to the timing of the loss of funds — though Upbit promised to reimburse all users affected with corporate funds. Related Reading: This Scary Fractal Suggests Bitcoin Price Is On Its Way to $3,000 Despite this, the stolen ETH is still out…

Ripple (XRP) Turned Sell On Rallies, BTC & ETH Dragging Market Lower

Ripple is down more than 2% and it broke the $0.1880 support against the US dollar. XRP price is now trading near the $0.1840 support area and it could correct higher. There is a key bearish trend line forming with resistance near $0.1920 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum is also down 2% and it might continue to decline towards the $120 support. Ripple price is gaining bearish momentum below $0.1920 against the US Dollar, similar to bitcoin. XRP might slide further if…