Crypto News | Ethereum and European Commission cooperating

Hello once again and welcome to our daily analysis of the crypto world. We’ll start today’s review with the news from the European Union. As we can read, Ethereum and European Commission are about to start cooperating. One of Ethereum’s start-ups – ConsenSys – will work with the European Commission on a project called EU Blockchain Observatory and Forum that was launched on Thursday. The goal of the European Union is to upgrade institutional knowledge on blockchain technology. They need Ethereum’s start-up for connection with the blockchain system and for blockchain development in general. The company develops software and was founded in 2014 by Joseph Lubin. The fact that Ethereum and European Commission are beginning to work together is definitely a good thing for cryptocurrencies because it represents a step towards their institutional recognition.

Besides this institutional news, we bring you the news on the movement of prices of some cryptocurrencies. While on Monday it was $1.41, the price of Ripple is now around $0.80. The coin’s market capitalization went down as well and now is about $31 billion, which is a fall of about $12.9 billion. Experts say that this fall in price might be the consequence of India’s finance minister’s announcement of eliminating digital tokens from payment purposes. Also, for the first time in more than 2 months the price of Bitcoin has fallen below $9,000. More precise, it’s the lowest price since late November 2017. As for Ethereum, its price is currently around $900.

In other news, we’d like to mention that Deutsche Bank posted its third consecutive annual loss in 2017. Some of the reasons for this situation might be the U.S. tax reform and a drop in investment bank revenue. These results are definitely worse than expected, and we’re about to see how the situation with Deutsche Bank will develop in future. According to their announcements, the bank will integrate Postbank retail bank unit with its own consumer bank, and that should be done on Friday.


Recommended reading

Author's overall rating:
Author: Max Rothstein

RISK DISCLAIMER has taken reasonable measures to ensure the accuracy of the information in the website, however, does not guarantee it. The data exhibited in this website is not necessarily always real-time or completely accurate; this includes market analysis, forecasts, signals, assets’ price quotes and charts. Readers should not treat any opinion expressed by the authors of as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of their current opinion. The risks involved in trading binary options are high and may not be suitable for all traders. doesn't retain responsibility for any losses readers might face as a result of using the information presented in this website. This website is owned by Next Media Corp.
In accordance with FTC guidelines, has financial relationships with some of the products and services mentioned on this website. may be compensated if consumers choose to click links in our content and ultimately sign up for mentioned products.
Binary options are not promoted or sold to retail EEA traders. If you are not a professional client, please leave this page.