Why is Ethereum sudden rise?During the last month, Ether, or the digital asset that fuels the whole Ethereum blockchain, has grown more than 300%, reaching its all time high of about $60 a few days ago.At present time, Ether has a value of $50.59 with a market capitalization of $4,469,204,016, the second most important cap right after Bitcoin ($16,278,519,837).But why this sudden rise?Why the younger brother of bitcoin rose so much during the last few days?As often happens in the financial markets, the answer is not only one, but a combination of many factors that more or less affect the trading.Let’s see the most crucial facts.In period of political and economic uncertainty, people often decide to invest in non traditional assets.For example, when Donald Trump was elected president, investors started to buy bitcoins and the stronger demand drove the digital currency price.The same thing happens when bitcoin faces a period of crisis, so that altcoins (or how all the other digital currencies besides bitcoin are defined) start to become the new alternative.

In fact, during those days Bitcoin is facing a great issue: the block size debate.Just for those who don’t know, the block size debate is an open discussion about the possibility to increase the size of the blocks which the bitcoin blockchain is composed by, in order to have faster transactions and maybe lower fees.ericsson bitcoinIn order to solve this issue, the bitcoin community and developers are deciding how to proceed and how to implement a soft or hard fork.fazer compras com bitcoinsIn the latest case, this would lead to a disruptive event that would also open the door for a new digital currency to steal part of the Bitcoin-related interest.litecoin not yet redeemedOf course, this issue is causing a growing insecurity among investors that are opting for safer and more stable (right now, at least) digital assets such as Ethereum.bitcoin lottery download

As you can see, in fact, bitcoin price is falling down and the Ethereum one is rising.This cannot be considered only a coincidence.ethereum 24 hour priceAnother important news that drove the Ethereum price is the one occurred on March 10th, when the U.S.litecoin 3 year chartSecurities and Exchange Commission (SEC) rejected a rule change that would have allowed the creation of the first Bitcoin ETF to begin trading on the Bats BZX Exchange.The initial hope about the approval of Winklevoss’ proposed ETF pushed bitcoin as high as $1,327, hitting its all-time high.But the denial caused a collapse - momentary, at least - of the bitcoin price with a drop of $300, so investors began to favor Ethereum.We have to say, in fact that the greatest part of Ether trading volume comes always from Bitcoin/Ether trades.Another main factor that is influencing the Ether rally is that its underlying technology - the Ethereum blockchain - is reaching much interest among big companies.

In fact, a new working group called the Enterprise Ethereum Alliance was recently created in order to connect large enterprises to technology vendors with the main goal of working on new projects with the use of the distributed ledger.Major companies that are involved in the Enterprise launch include JPMorgan, IBM, Microsoft and Intel among the others.Of course, this move added more legitimacy to the ether digital asset.Also, we need to tell that this new Enterprise Ethereum Alliance requires ether to be transferred and stored in order to get full access to the applications that use Ethereum.In fact, we should remember that any application or contract need an ether transaction to be correctly executed and stored in the Ethereum blockchain.Clarified briefly how the so-called dapps can work on the Ethereum blockchain and having this in mind, we also need to say that recently there are more and more projects, tokens and ICOs launched on the network.The Ethereum digital assets, in fact, recently hitted a market capitalization of about $260 million ($262,877,525 USD according to March 24th data) with projects like Golem, DAO and Augur and more coming soon.

For example, Brave Browser is going to launch a new ICO later this year for its project of a new web and mobile browser that reward users that decide to switch on ads.Also, Storj decided to move its tokens from Counterparty to Ethereum because of its active development, speed in executing transactions and negligible fees.This means that more projects are exploiting the Ethereum blockchain with the immediate consequence of an increasing of the ether price and amount of transactions executed within the ledger.Here’s something a little different: A home in the Vancouver suburb of Coquitlam is on sale on Craigslist.A measly-sounding 2,099 bitcoin.But that’s not chump change — it’s C$4.85 million at current exchange rates, pricey even by Vancouver standards.The house is described as “new” in the ad and looks unlived-in in the pictures provided.The ad appears on the Vancouver and Hong Kong real estate pages of Craigslist.It doesn’t list the number of bedrooms or bathrooms, or the square footage.

Just that the owner will sell for bitcoin or Ethereum, another cryptocurrency.The ad mentions that the house is in “one of the hottest markets on the planet, voted #1 place to live in the world.” That claim might be a little outdated at this point.Vancouver’s housing market has seen considerable cooling over the past year.In the wake of a provincial foreign buyer tax and China’s crackdown on cash outflows, buyer interest has slowed.Home sales have fallen for much of the past year; nearly half the money flowing through the market has vanished; and price growth has stalled.But if this ad is an indicator of anything, it’s that foreign buyers are still playing in Vancouver’s housing market -- they’re just doing it more on the sly now.China has been cracking down on cash outflows from its economy.The country’s investors, who are allowed to take no more than US$50,000 out of the country, are now required to sign a letter saying they will not use their money to buy residential real estate abroad, among other things.

The crackdown has left many Chinese investors looking for new ways to get their money out of the country.Increasingly, it looks like the Bitcoin cryptocurrency — which has neither the transparency nor the regulation of regular currencies — is the way many are choosing to do it.The Chinese government earlier this year started tightening its oversight of bitcoin, having noticed that the decline in China’s renminbi coincided with a rise in the value of bitcoin.Some 98 per cent of bitcoin transactions had taken place in China recently, the Financial Times reported.So… a Vancouver house with an unidentified seller, seemingly unoccupied, posted for sale in Hong Kong and asking for payment in cryptocurrency … you put the pieces together.And if you’re planning to buy a house in Vancouver, you may want to stock up on some bitcoin first.Coming Soon: The Home Stretch Our weekly newsletter delivers the news and analysis you need on Canada's housing market.Sign up below and don't miss the first issue.