Crypto Prices Fall Sharply after SEC Postpones Bitcoin ETF Decision

Written by:
Published on:

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,





Business/Financial News

Sports Book Near Pittsburgh

PA soon to offer online sports betting, but probably not for the 2018 Football season, though Pittsburgh area residents will have the luxury to bet sports at nearby Mountaineer Casino in West Virginia.

Can I Really Run My Own Sportsbook From the US?

With the US Supreme Court ruling against decades long sports betting prohibition, everybody with computer access and a pulse wants to start taking bets and today's Pay Per Head sportsbook solutions make the process easier than ever.

Agents Have A New Payment Solution to Connect & Collect Cryptocurrency

There’s a new way for bookie agents to connect and collect with their players. Cryptocurrency is already widely-popular with agents and players in the sports betting industry. Now, collecting and payouts just got simplified—Get the details here!

7 Easy Steps To Creating A Profitable Sportsbook Business

7 Easy Steps To Creating A Profitable Sportsbook Business

Want to to build a sustainable sportsbook business? Make the most revenue possible? Be your own boss? Good. All you need are these 7 steps to start to really build a profitable sportsbook business. Get the details here.

Betting With A Bookie

If youíre a person that likes to bet on sports there are a few options that you can utilize in order to make wagers, such as going to an actually Casino, finding an online sportsbook, or finding a local bookie.