Ether Reaches $500 As Hashrate Hits New All-Time High – November 20

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $18,179

Bitcoin price has reclaimed the $18,000 level today, after forming a new trading range near recent highs.

Top-20 altcoins are looking strong over the last 24 hours, as Ethereum gains 6%, XRP rises 5%, and Litecoin gains 11%. Polkadot leads the way with a 15% surge.

Top Stories for November 20, 2020 πŸ”₯

πŸ‘‰ Ether Reaches $500 As Hashrate Hits New All-Time High

Ether (ETH) has reached the $500 mark for the first time in more than two years, as the network’s hash rate reaches a new all-time high. The last time the price of ETH was above $500 was on July 18, 2018.

Excitement has been building for the launch of Ethereum 2.0, a network upgrade which will move Ethereum to a proof-of-stake model.

πŸ‘‰ OKCoin Founder Resurfaces After Police Detention

Bloomberg has reported that OKCoin founder Star Xu has resurfaced, weeks after being detained by police.

According to Xu, he had been cooperating with law enforcement in an investigation relating to a previous OK Group merger.

Xu’s release has also coincided with the re-enabling of withdrawals on crypto exchange OKEx, which surprisingly claims to have no ties to Xu.

πŸ‘‰ SEC Allows Social Platform to Issue Stablecoin Without Security Registration

The US Securities and Exchange Commission (SEC) has issued a non-action letter to social media platform IMVU, in response to their request for a launch of a stablecoin.

The SEC will “not recommend enforcement action” against the platform’s project, however they are required to refrain from making the stablecoin look like an investment opportunity.