Bitstamp to Stop ETH Staking In US Amid SEC Crackdown

One of the oldest crypto exchanges Bitstamp announced that it would discontinue ETH staking services for US customers starting September next month. The development comes amid the crackdown by the US Securities and Exchange Commission (SEC).

Timeline of Ethereum

Key Points: Whales have been actively accumulating Ethereum ($ETH) from what appears to be the bottom of the market. Over the course of the past seven days, these investors collectively amassed a staggering 56.1K $ETH, equivalent to approximately $94 million.

Bitstamp, a long-standing cryptocurrency exchange, has announced its decision to discontinue Ethereum (ETH) staking services for its U.S. customers, effective September 25. The move comes as regulatory scrutiny from the U.S. Securities and Exchange Commission (SEC) intensifies around staking offerings in the crypto industry.

Crypto analyst Benjamin Cowen thinks Ethereum (ETH) has a long way to drop before it surges back up to new all-time highs. In a new YouTube video, Cowen restates his thesis that ETH will first need to return “home,” a term he uses to describe the asset's fair-value logarithmic regression trendline.

Crypto exchange Bitstamp will end Ethereum (ETH) staking services for U.S. customers within a month, according to a statement on Aug. 23. The company said: “Customers will continue earning staking rewards up until [Sept.

Numerous cryptocurrency wallets exist only as browser-only plugins, which lack compatibility with the demands of modern mobile lifestyles. However, requiring users to be stationed at a computer, and installing a specific browser to access a wallet, would introduce significant inconvenience.

Ethereum (ETH) faces a formidable challenge as it battles to regain its footing above critical price levels. Despite its best efforts, the digital currency is encountering resistance that keeps it from making a significant comeback.

The ongoing correction in the Ethereum coin has taken a temporary halt at $1600 psychological support. Within a week, the ETH price showed two bounce back from the aforementioned support with long tail rejection candles indicating the presence of high demand pressure.

Scroll Foundation has announced a strategic partnership with Chainlink Labs. This collaboration aims to bolster Ethereum's growth, with Scroll joining Chainlink's SCALE initiative.

Prominent cryptocurrency analyst Nicholas Mertens recently expressed concerns about the future trajectory of Bitcoin (BTC) and Ethereum (ETH), the two leading cryptocurrencies by market capitalization.

The world's second-largest cryptocurrency Ethereum has been showing signs of weakness for a while as the ETH price dropped to $1,650 levels last week. On the technical chart, ETH continues to show the signs of weakness.