Yet again, the SEC is under the watch by so many Bitcoin enthusiasts and investors. The agency has a new deadline to rule on the eventual emergence of a Bitcoin ETF, a decision that needs to take place by April 5th, 2019. For a second time, a proposal for a Bitcoin ETF was submitted by…
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Momentum continues to build for the introduction of a Bitcoin Exchange-traded Fund (ETF). Wall Street veteran Ric Edelman, the chairman of Edelman Financial Services, is confident that a Bitcoin ETF may soone become a reality. During a CNBC appearance on its “ETF Edge” segment, Edelman was asked if the SEC would ever give its approval…
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Every industry has its strong personalities that occasionally share their opinions on the pressing matters of the day. The crypto industry is no different, and one of its most outspoken individuals is Changpeng “CZ” Zhao, the CEO for Binance, the largest crypto exchange in the world. Recent reports are that his exchange profited to the…
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Crypto press headlines typically focus on the dark side of exchange compromises and the billions in dollars of losses that must be absorbed by the firms and their customers. There is, however, a more sinister threat lurking in the shadows that is seldom discussed, but which could prevent the massive adoption that crypto zealots hope…
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The US government is currently shutdown. This is one of the longest shutdowns of the US government ever in history. While President Trump tries to firmly defend his position on the future "Wall", the US government shutdown is affecting the number one cryptocurrency by market cap - Bitcoin. While there may be little correlation between…
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Cryptocurrencies have been labeled the most volatile asset class in history, and for that reason, many of the monitoring services employed by traditional stock exchanges to ferret out price manipulation or pump-and-dump schemes just do not work in the crypto world. Jay Clayton, the chairman of the SEC, has continually castigated exchanges in the crypto…
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Bitcoin values have been plummeting, some 77% down from its high a year ago, but enthusiasts have always held out hope that institutional investors would save the day. Many of these hopes have been held captive by the SEC, which has already turned down in 2018 over a dozen applications to form a Bitcoin Exchange-Traded…
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The SEC has officially opened a new office to deal with fintech and cryptocurrencies. The interest for a Bitcoin ETF is rising, even though the SEC already rejected a few "offers" from investors such as VanEck. Now, the regulator has opened its doors for more discussion and proper understanding of digital coins. VanEck and the…
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The SEC rejected nine Bitcoin ETFs in total just recently. Experts say that a Bitcoin ETF is inevitable at some point, but the SEC is not so sure on this, it seems. While the Commission seems adamant on not approving a Bitcoin ETF any time soon, it has provided some information on what constitutes their…
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Bitcoin's price has plummeted recently and the digital coin is trading at around $6,000. Investors are eagerly awaiting to see if there will be a Bitcoin ETF approved by the SEC this Thursday, 23rd of August, 2018. After some initial delay, the SEC will "make or break" the Bitcoin market for sure. The most awaited…
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