Ethereum hits $800 ahead of its big week

Ethereum, the second-largest cryptocurrency by market cap (behind Bitcoin), has a potentially tumultuous week ahead, but investors don't seem to care. 

The price of ether briefly hit $800 on Friday (it's currently trading at about $795), a monthly high and a 118% increase since its April low point of $367. 

SEE ALSO: Sergey Brin shouts out Ethereum and warns of AI in annual founders' letter

The rally spells optimism from investors, but there's plenty hanging in the balance for Ethereum. According to a Wall Street Journal report published Tuesday, U.S. regulators are looking into whether Ethereum (and other cryptocurrencies) should be regulated as securities.  Read more...

More about Sec, Ethereum, Cryptocurrency, Cftc, and Tech

from Mashable https://ift.tt/2Ky0ycO