Finance News

Story: Bank Servicing Bitcoin ETH and Other Cryptocurrency Entity

By Maheen Hernandez

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The battle of dominance is forever existent between Ethereum and Bitcoin.  By market capitalization, Bitcoin is the most dominant, but ETH has a special place in the…

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Bitcoin has survived several storms, and it continues to be the market leader.  ETH was considered to be the biggest rival to Bitcoin.

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Bitcoin is focused on becoming a global cryptocurrency.  ETH is focused on providing for peer-to-peer contracts through Ether, the proprietary currency of Ethereum.

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Ethereum has been trending on the horizontal direction over the past seven days.  The price of the ETH/USD has gone down from $181.

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The ETH price has been trending by the 200-day simple moving average (SMA 200) and the 50-day SMA 50 curves.  The ETH/USD enjoys support at the SMA 20 curve.

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For Bitcoin, the current price trends are unique.  Bitcoin volatility levels are currently very erratic, and they are coupled with unstable trading volumes.

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Those who are looking to enter the cryptocurrency space safely should consider that a regulatory maze is woven around the cryptocurrency market.

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Banking is a significant bottleneck in the cryptocurrency space despite cryptocurrencies bringing in newer opportunities, and this is one reason why even major institutional…

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Silvergate Bank, which is headquartered in San Diego, is serving more than 500 entities dealing with cryptocurrencies.

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We believe there may be attractive opportunities to provide digital currency borrowing facilities to deepen our high-quality customer relationships and further enhance our…

The Currency Analytics

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