Cryptos Stable as Key Technical Levels Near, Ethereum in Focus on Code Change Dispute

Venture Capital Working Group and Security Exchange Commission

An associated board formally is known as the Venture Capital Working Group, has asked the Security Exchange Commission to exempt Ether – which is the working cryptocurrency of Ethereum – from being classified as a token per the SEC’s new regulatory mandates which are still in development regarding Initial Coin Offerings. Ether is the second biggest cryptocurrency of value begins traded among digital assets. The SEC has said it will review Venture Capital Working Group’s request, and there has been no final timetable given regarding a decision.

Ethereum Maintains Strong Trend and Eyes Key Resistance

Ethereum is trading near 670.00 U.S Dollars per coin early today. Ether has done well since late March. While support looks to be near 550.00 Dollars, resistance for Ethereum appears tantalizing close with a mark of 745.00 per coin. Ethereum has made some news in the past couple of days. Its core development team has suggested that a change in code be implemented, in order to restore hacked Ether coins to their rightful owners, but up until now the code change has not been approved and the suggested change has sparked a fierce debate in the Ethereum community.

Cautious Optimism Expressed by Traders for May

Cryptocurrencies have given some of their gains back since late last week, but they have provided traders with a rather stable landscape the past two weeks. Sentiment among digital asset speculators has improved and important resistance levels are in sight. April provided a steady upwards trend for most cryptocurrencies as they fought off a three-month bear market, and the month of May is being eyed with cautious optimism.

Payments 2018 in San Diego Getting Started                                                                                          

Payments 2018 – will get underway in San Diego, California today. Top technology providers in the payments industry including Blockchain will attend.

• April 29th – May 2nd, U.S, Payments 2018 in San Diego

Yaron Mazor is a senior analyst at SuperTraderTV.

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