More Than $90 Billion Wiped Off Bitcoin's Value

Written by:
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Published on:
Aug/08/2018

Bitcoin had another bad day and so did investors who believe in the cryptocurrency.

Over $9 billion was wiped off bitcoin's value after the SEC postponed a key decision on a cryptocurrency ETF.

The EFT was proposed by VanEck and SolidX.  VanEck has pushed for this on two previous occasions and failed.

The SEC claims it needs more time to review comments on the matter.

There are a number of applications underway to get a bitcoin ETF listed, but so far none have been approved by the SEC.

The price of bitcoin was just over $6300 just prior to Midnight Eastern Standard Time.

Up to 80% of all online gambling transactions are now done via bitcoin.

- Aaron Goldstein, Gambling911.com

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