Dogecoin

Bitcoin, Ethereum See Price Spikes By CoinQuora


Crypto Prices Today: Bitcoin, Ethereum See Price Spikes
  • and prices surge as Russian-Ukraine relations remain a factor.
  • More altcoins were affected by the avalanche surge this weekend.
  • SEC orders BlockFi to pay $100 million in penalties for its schemes.

Bitcoin and Ethereum prices have surged as the global crypto market hovers on the green side of the chart, with tensions surrounding Ukraine alleviating, prompting renewed interest for digital assets from investors.

For the first time since the end of last week, the largest cryptocurrency by market value, Bitcoin, saw an increase of as much as 5.2%.

The surge also affected other digital tokens, with Ether spiking to 7% to over $3,108.17 and Aave about 7%. At one point, had an increase by 4.58% at $0.8331, while shot up to 8.39% at $102.20.

Polygon’s price went up by 9.63% at $1.79. More altcoins, particularly and , were up by 2.79% at $0.15 and 2.79% at $0.00003129, respectively.

On Tuesday, Russia announced that some troops are returning to their regular bases after concluding their drills, resulting in US equity round-up and stocks spikes. However, US warnings of a possible Russian attack on Ukraine have been magnified this week.

In other news, cryptocurrency lending platform, BlockFi, will pay $100 million in penalties to settle legal actions against its business scheme, as announced on Monday by US securities regulators.

According to Cornerstone Research, this is the highest penalty since it tracked lawsuits in 2013.

This case came just in time as the Securities and Exchange Commission (SEC) seeks to initiate a regulatory authority governing digital currency services that would treat them as investments rather than a form of money.

SEC chairman Gary Gensler in a release said:

Today’s agreement makes it clear that cryptocurrency markets must comply with securities laws.

Gensler has been keeping a close eye on the cryptocurrency market since joining the SEC less than a year ago.

For around two years, BlockFi has offered its crypto lending services in exchange for monthly interests, attracting over 600,000 investors, as stated on the SEC order.

Continue reading on CoinQuora

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button