The price of Ethereum (ETH/AUD) today is $317.92 AUD with a total market cap of $34,007,695,315.
Last week saw a flurry of high profile comments on cryptocurrencies and their role on the international stage. It started with The Federal Reserve Chairman Jerome Powell's testimony on cryptocurrencies before the Senate Banking Committee, commenting that it is possible that a cryptocurrency ecosystem could replace the need for reserve currencies as we know them.
Ethereum continued to take chunks out of Bitcoin last week with significant developments that further signalled an eventual "flippening" between the two market caps.
Daily transactions on Ethereum surpassed 1,000,000 on June 28th followed by the Phase 0 specification freeze for Ethereum 2.0. Proof of Stake is coming!
Markets are beginning to rise rapidly but new retail investors are nowhere to be seen. This bull run may only just be getting started.
With yesterday's announcement of Libra and its similarities to the Ethereum blockchain, can this Facebook-backed cryptocurrency become a real threat?
