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Bitcoin [BTC]: Westeros welcomes crypto; BTC faucet announces crypto-betting on Game of Thrones

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Bitcoin [BTC]: Westeros welcomes crypto; BTC faucet announces crypto-betting on Game of Thrones
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HBO’s Game of Thrones hysteria has taken a whole new meaning, with many on social media guessing how the popular series would end. Even as uncertainty looms over Westeros, fans can now predict who sits on the Iron Throne at the end of the season.

FreeBitco.in, a Bitcoin [BTC] faucet announced the incorporation of betting onto its platform for its registered users to bet Bitcoins on sporting events like English Premier League and UEFA Champions League, as well as GoT.

Over the years, Bitcoin [BTC] has plunged into a diverse set of spheres and Game of Thrones is the latest pop culture phenomenon to be hit by the virtual currency wave. With a user base of over 18 million, this is one of the many innovative ways that the virtual currency has been deployed in the mainstream media.



The total prize pool for Game of Thrones was around 1.532005 BTC, at press time. The betting pool also has a time multiplier, implying a reducing reward share as time passes.

At press time, 45% of all bets had been placed under the name of Jon Snow/Jon Stark/Jon Targaryen/Aegon Targaryen, sixth of his name. The ‘Bast*rd of Wintefell’ was followed by an unknown character, with 20% of the total betting share. Around 5% of the users placed their money on the Imp, Tyrion Lannister, while the Three-eyed Raven, Bran Stark and Mother of Dragons/Breaker of Chains/The Unburnt/Rightful ruler of the Seven Kingdoms and Protector of the Realm, Daenerys Targaryen followed with 9% of the betting share.





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

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