Ethereum hits $800 ahead of its big week

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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. 

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…

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