The G20 summit in Argentina has pushed the cryptocurrency market out of the hole Google (NASDAQ:GOOGL) put it in last week. It started when just before the summit began, Mark Carney, the Financial Stability Board chairman, addressed the global financial leaders saying that he doesn’t see cryptocurrency as a “risk” to the global financial system.

After a two day deliberation, talking about much more than just cryptocurrency, the group came to the conclusion that there was no need to regulate the overall cryptocurrency industry, moving forward. This news has pushed Bitcoin (available on Coinbase) and most cryptocurrencies price upward.

Ethereum (available on Coinbase) (ETH)

Source: CoinMarketCap

There has yet to be any big updates regarding the scaling issue and the Ethereum (available on Coinbase) teams efforts in solving it. Still, these things take time and it seems like all the new games and decentralized applications that have just launched on its network haven’t suffered immensely.

This morning, it was reported that Coinbase had a glitch in their Ethereum (available on Coinbase) smart contracts and individuals were able to reward themselves with infinite ETH. They paid off the Dutch fintech company in a bounty of $10,000. Since it was so long ago and it flew under the rADAr, it remains unknown if anyone held the glitch on their wallets and used it to become billionaires.

We will update of any new breaking news on Ethereum (available on Coinbase).

At press time, ETH is trading at $572.84 a coin, up 5.04%, in 24 hours.