..

Crypto Prices Fall Sharply after SEC Postpones Bitcoin ETF Decision

Written by:
Guest
Published on:
Aug/08/2018

Bitcoin, which now makes up to 80% of all online gambling transactions. dipped again on Wednesday following news that the U.S. Security and Exchange Commission (SEC) will postpone the decision on approving what would be the first-ever Bitcoin ETF, which was issued by VanEck SolidX Bitcoin Trust. 

The SEC said it needs a more prolonged period to review the more than 1300 comments that have come in regarding the proposal.

The decision must be reached by September 30, 2018 with the SEC designating a new date of September 21, 2018.

The SEC recently rejected a proposal by Tyler and Cameron Winklevoss to launch a Bitcoin ETF.

The price of Bitcoin had dropped from just under $7000 late Tuesday to around $6200 on Wednesday afternoon.

- Aaron Goldstein, Gambling911.com

 

 

 

 

Business/Financial News

The Crypto Beat - July 28, 2021: Bitcoin Crosses Over $40K Again

The Crypto Beat - July 28, 2021: Bitcoin Crosses Over $40K Again

Plus EU’s ban on anonymous digital currency transfers—a deep dive....cryptocurrency won't be so anonymous any more. 

Bloomberg: DOJ Probing Tether of Bank Fraud

Bloomberg: DOJ Probing Tether of Bank Fraud

A U.S. probe into Tether, a digital token widely used to trade Bitcoin, is looking into whether executives behind the digital token committed bank fraud, a potential criminal case that would have broad implications for the cryptocurrency market, according to a report filed by Bloomberg News Monday morning.

Three Important Features a Pay Per Head Should Offer

Three Important Features a Pay Per Head Should Offer

When selecting a Pay Per Head sportsbook software, there are three primary things to consider in addition to the required reporting, lines management and customer service component. 

BSV Network Attacked: CoinGeek Explains What Happened

BSV Network Attacked: CoinGeek Explains What Happened

The BSV Network has come under attack in recent weeks, more specifically June 24, 2021 and then again on July 1, 6 and 9.  This is likely to become a trend targetting all blockchain networks and crypto sites.

Powell Says a Fed Digital Currency Could Undercut Need for Cryptocurrencies

Powell Says a Fed Digital Currency Could Undercut Need for Cryptocurrencies

Federal Reserve Chair Jerome Powell on Wednesday said one of the stronger arguments for the U.S. central bank to set up a digital currency is that it could undercut the need for private alternatives such as cryptocurrencies and stablecoins.

Syndicate