Ethereum Price Weekly Analysis – Can ETH/USD Overcome This?

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Barry Silbert Catches the Attention of Securities Lawyers with Ethereum Classic “Hype”

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Barry Silbert, founder and CEO of Digital Currency Group (DCG), has recently caught the attention of some market regulators due to possible violations of US securities laws.
Buying in to Ethereum Classic early and his continuous promotion of the currency may put him in hot water from regulators. Silbert bought into the unforked version of Ethereum around $0.50 a coin, which currently trades around $33, but has an all-time high of almost double this.
Charles Chancellor-Mackay picks apart every single detail of the connection between the Digital Currency Group, its CEO, and Ethereum Classic in a post entitled ‘Barry Silbert and the Cost of Bitcoin’s Malfeasance Culture,’ starting from the beginning:
“[After Poloniex’s ETC listing on Jul. 24, 2016]… Barry would later claim to have bought ETC at $0.50, which suggests he bought it before Poloniex listed. This would suggest that Barry at least knew about the listing in advance and profited accordingly.”
Furthermore, the outlets of online publication CoinDesk and cryptocurrency exchange BTCC, of which DCG is the main investor in both companies, were supposedly used for the purpose of hyping the altcoin. Although no explicit price predictions were given, the CEO did state the risk-return ratio felt right at $0.50:
Silbert also went onto state that there was a “25 percent chance” ethereum classic’s value would increase fivefold “in next six months.” In the following weeks, CoinDesk started to publish various articles on ethereum classic, it’s investment thesis, while by November 2016, BTCC announced it would be listing ethereum classic over ethereum:

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