The world’s first Ether-based fund to be listed on a major stock exchange opened for trading on Thursday, but not without some hiccups. Listed on the Toronto Stock Exchange, The Ether Fund (TSX:QETH.U) opened for trading at $10.80 per share after completing a successful IPO in which $76.5 million was raised. Now available in brokerage and registered retirement accounts....... The Ether Fund (TSX:QETH.U) is the world's first regulated and major exchange-listed ETH fund https://t.co/L2U7JCutf3 pic.twitter.com/8PfgJgQcpK — 3iQ Corp (@3iq_corp) December 10, 2020 To the concern of interested traders, the fund was not available for trading upon the opening bell, officially …

Investing app Acorns aims to help people grow their savings and wealth, but how does inherent market risk factor into the equation? CEO Noah Kerner gave his thoughts on that question at a recent BlockShow panel. "We send this message to our customers: that every downturn in history has ended in an upturn,” Kerner said on Wednesday. Following a particularly difficult period in the markets roughly two years ago, Acorns sent out the same sentiment. Acorns does not offer crypto trading, but Kerner's comments should be of interest to the industry. A chart of the Dow Jones Industrial Average, a …

Shares of Silvergate Capital (NYSE:SI) are in freefall this week, while the U.S. Securities and Exchange Commission, or SEC, has revealed a large liquidation of company stock by board member Thomas Dircks. The security regulator’s Form 4 documentation shows Dircks sold 60,000 Class A Common Stock over eight transactions on Dec. 8. The largest transaction was the disposal of 37,192 shares at a price of $40.72. In total, the sales netted Dircks over $2.4 million. Dircks is listed as a member of the board for Silvergate Bank, which provides lending and deposit services for “innovative businesses in fintech and cryptocurrency.” …

With the crypto sector currently riding a wave of bullish sentiment, as demonstrated by Bitcoin (BTC) passing its all-time high value of $19,892 at the start of the month, causal as well as institutional investors all over the world are now becoming more interested in the growing sector. For example, on Dec. 3, S&P Dow Jones Indices announced that it’s set to launch several crypto indexes, with a reported 550 coins to appear starting next year. The aforementioned offerings will be facilitated by S&P Global in conjunction with the CME Group and News Corp. As part of the press release …

The price of Bitcoin (BTC) is now stagnating below $19,000 after four failed attempts to break out of the $19,600 resistance level. In the near term, four factors suggest that a pullback is more likely than a clean breach of the all-time-high price near $20,000. Traders and technical analysts are mostly cautious regarding the near-term price trend of Bitcoin, seemingly waiting for BTC to establish a clear support level or break past its record high. There are four factors that make a correction likely, and all of these factors could amplify the selling pressure on BTC while decreasing buyer demand …

U.S. stocks have started to correct as worries surrounding the pandemic are mounting. Meanwhile, theBitcoin (BTC) price has pulled back below $18,800 on Dec. 8 after struggling to break resistance at $19,500. COVID-19 cases in the United States and Europe are continuously surging despite strict restrictions. Sweden, for instance, which has thus far relied on voluntary measures, has implemented a new set of restrictions. Since Oct. 30, the Dow Jones Industrial Average increased by 13.46% within six weeks. Other major U.S. stock market indices, such as the S&P 500, similarly rose by around 13%. Following a strong six-week rally, the …

Bitcoin (BTC) starts another week aiming for $19,500 and beyond as crunch time for Brexit meets mass U.S. money printing. Cointelegraph takes a look at the price factors at stake for Bitcoin this week as shaky $19,000 support remains in play. $7 trillion money printing? The more controversial elements of U.S. President-elect Joe Biden’s future tenure are already becoming clearer — and it’s good news for Bitcoin. As his inauguration edges closer, Biden has already said that he plans a $7 trillion recovery package to tackle the impact of coronavirus. This would add a huge new chunk of debt to …

Dan Tapiero, the co-founder of 10T Holdings, said weak hands have been shaken out in the gold market. This raises the probability of a gold rally in the near term, especially as it comes off of an 80-day pullback period. A rally in gold and the dollar may dampen Bitcoin price Bitcoin has seen strong momentum in the past three months, as it achieved an all-time high on Coinbase and a number of other major exchanges. Despite this, the threat of a correction for Bitcoin is a real possibility if gold begins to rebound in tandem with the U.S. dollar. …

2020 has been an impressive year for the Ethereum network and Ether (ETH) price. In November the Eth2 deposit contract quietly launched and before the end of the month the contract had reached capacity with 524,288 Ether locked. When Black Thursday occured on March 12, nearly every cryptocurrency had its price crushed and Ether was not spared from the carnage. After trading for as little as $86 on March 12, Ether price recovered to post a year-to-date gain of 322% and the altcoin set a 2020 high at $635.70 on Dec.1. Despite the accolades being lauded upon Bitcoin as it …

The Colombian Stock Exchange announced it is joining the Consorcio Colibrí, a private initiative that promotes the adoption of blockchain technology within the finance industry. As Cointelegraph Español reported on Nov. 18, Consorcio Colibrí was formed by major financial institutions such as Bancolombia, BBVA, Santander Caceis Colombia, Deceval, Contrato Marco, Porvenir and Skandia, among others. Via a partnership with member firm Contrato Marco, the CSE will use the Colibrí platform's blockchain tech to improve operational efficiency in the over-the-counter derivatives market, which is currently time-consuming, expensive and difficult to reconcile with established manual procedures, according to the CSE. CSE president …

On Tuesday, the bulls showed that they are in full control of the crypto market as Bitcoin (BTC) rallied to $19,418.97 and several top 10 altcoins went on a double-digit rampage to new 2020 highs. Notable performers of the day were Stellar Lumens (XLM) and XRP with a 53% and 38% gain respectively. With all the excitement and anticipation surrounding the possibility of BTC moving to $20,000, crypto traders may have missed an equally impressive performance in traditional markets. On the same day the Dow also rallied by more than 400 points to secure a new all-time high at 30,046. …

Bitcoin (BTC) begins a new week with stocks rising and the U.S. dollar falling — all while trading back above $16,000. What’s next for price action? Cointelegraph takes a look at the factors which could shape how Bitcoin moves in the coming days. Stocks near all-time highs while USD sinks This week’s macro environment feels somewhat different to the last — stocks are gaining, boosted by a major Asian trade deal, while the U.S. dollar is losing ground. According to the latest data on Nov. 16, the U.S. dollar currency index (DXY) has declined over the past week to hit …