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Basic Attention Token [BAT]: Ad Launch gains attention as prices hike by 7%

Namrata Shukla

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Basic Attention Token [BAT] surges by 7% within an hour as community looks forward to the ads launch
Source: Pixabay

The cryptocurrency market has been fighting the bear and managing to register small-cap growth, however, Basic Attention Token [BAT] has been registering tremendous growth over the past few days.

Source: Trading view

Source: Trading view

At press time, BAT was valued at $0.4839, with a market cap of $604 million. The 24-hour trading volume of the coin was $131 million as it noted a surge in its price by 22.98% over the past day. In the past seven days, BAT rose by 51.70% and continued the upward trend by 7.17%.

Basic Attention Token is based on entertainment and it can be obtained through a variety of advertising and attention-based services on its platform. The platform recently announced that they were going to launch ads on its platform and retweeted AdMonsters’ tweet that:



“Somewhere along the way, as marketers and advertisers, we lost focus of the key value that advertising brings to the market,” says @lukemulks @brave #web3 powered by #blockchain might be how we get it back.”

The launch expected to take place by the end of April leading many crypto enthusiasts to even switch cryptos. Twitter user @tonygreene113 said:

“I’m cashing out my $STEEM for more $BAT”

The exchnage to note the highest trading volume of BAT, according to CoinMarketCap was Binance with $28.20 million with BAT/BTC pair. ZB.COM took the second place as it registered a trading volume of $14.38 million with BAT/USDT pair. Binance, in the third place, reported a trading volume of $9.72 million with BAT/USDT pair.





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Namrata is a full-time journalist and is interested in covering everything under the sun, with a special focus on the crypto market.

Bitcoin

SEC delays VanEck Bitcoin ETF decision days after delaying Bitwise proposed rule change

Priya

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SEC delays VanEck Bitcoin ETF decision days after delaying the Bitwise proposed rule change
Source: Unsplash

The Securities and Commission Exchange [SEC] has yet again delayed another Bitcoin ETF. This time around, the commission has decided to delay the VanEck Soldix Bitcoin ETF, one of the most awaited exchange-traded funds in the cryptocurrency community.

In the document released today, the exchange has asked for more comments on the proposed rule change and has also asked for further information on queries related to the exchange-traded fund. The commission stated that it has received 25 comments on the proposed rule change so far.  It stated,

“On January 30, 2019, Cboe BZX Exchange, Inc. […] filed with the Securities and Exchange Commission, […] a proposed rule change to list and trade shares of SolidX Bitcoin Shares issued by the VanEck SolidX Bitcoin Trust […] The proposed rule change was published for comment in the Federal Register on February 20, 2019.”

It further stated

“On March 29, 2019, pursuant to Section 19(b)(2) of the Act, the commission designated a longer period within which to approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether to disapprove the proposed rule change.”

Notably, the main concerns of the commission continue to be market manipulation and the measure taken by the platform to protect its investors. The commission is currently seeking comments on 14 queries pertaining to the VanEck Bitcoin ETF.



This includes the views of the ‘commenters’ on whether the exchange has entered “into a surveillance-sharing agreement with a regulated market of significant size related to bitcoin?”, the relationship between the Bitcoin futures markets and the Bitcoin spot market, with the focus being price formation, the relationship between the Bitcoin futures market and the proposed Bitcoin ETF, and the commenters’ views “of the Exchange’s assertions that bitcoin is arguably less susceptible to manipulation than other commodities that underlie ETPs”.

Gabor Gurbacs, Director of Digital Assets Strategy with VanEck said on Twitter,

“The VanEck SolidX #Bitcoin #ETF decision has been postponed by the SEC. We continue the hard work towards better-regulated, safer and more liquid digital assets markets. Bitcoin is too big to ignore. Vires in numeris!”





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