Top stories in today’s Crypto Roundup:

• BitPay announces support for Ethereum’s ether (ETH) cryptocurrency.
• The Bitcoin network’s hashrate hits a new all-time high.
• Harbor partners with real estate investment firm to tokenize over $100 million in assets.

The BTC/USD again traded sideways throughout Monday and into Tuesday morning. Outperforming the premier trading pair once again was ETH/USD, meaning ETH/BTC continued to push higher. It is now up more than 20% since dropping to 0.0162 on September 6, 2019—its lowest value in more than two and a half years.

At the time of writing, bitcoin (BTC) is trading at $10,216.1 (-1.00%) with a daily trusted volume of $1.11 bn. As for ether (ETH), it is trading at $198.3 (+2.35%) with a daily trusted volume of $445.62 mn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,322.79 (+1.7%).

BitPay Launches Support for Ethereum

BitPay—the world’s largest global blockchain payments provider—announced Monday that its customers will soon be able to accept ether (ETH), the cryptocurrency native to the Ethereum blockchain.

“Businesses using BitPay for payment processing can accept Ethereum for purchases without the need for any integration or enhancements,” the U.S.-headquartered company stated in a press release.

Founded in 2011, BitPay counts technology giant Microsoft, online retailer Newegg, and daily fantasy sports provider FanDuel among the thousands of merchants that use its cryptocurrency payment processing solution.

Bitcoin Hashrate Hits New All-Time High

The hashrate of the Bitcoin network—which represents the amount of computing power being devoted to mining bitcoin—has increased to a new all-time high, suggesting that over 600,000 application-specific integrated circuit (ASIC) miners have come online over the past three months.

According to data obtained from bitcoin mining pool BTC.com, Bitcoin’s two-week average hashrate on September 14 was 85.08 exahashes per second (EH/s)—up 10.38% from the fortnight prior.

Indicative of the current strong demand for state-of-the-art ASIC miners, Chinese semiconductor company Bitmain last week saw the first batch of its two new models—Antminer S17e and Antminer T17e—sell out almost instantly.

Harbor Partners with Real Estate Investment Firm to Tokenize Over $100 Million in Assets

Harbor announced Monday that iCap Equity—a real estate investment firm that provides capital to small to medium-sized builders and developers—is leveraging its Ethereum blockchain-enabled alternative assets platform to enhance the liquidity for four real estate funds managing a combined total of more than $100 million in assets.

“Through a new private marketplace, iCap Equity’s more than 1,100 investors and 17 placement agents can compliantly buy and sell iCap securities with one another,” Harbor—which is backed by the likes of Andreessen Horowitz and Pantera Capital—explained in a blog post.

The announcement comes at a time when Harbor is looking to pivot from directly selling security tokens on behalf of its clients, to providing the infrastructure necessary for clients to issue their own tokens.

State of the Crypto by Top Tier Exchange Volume

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