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More trouble for Bitcoin fork coins, good news for Bitcoin and more

Jibin M George

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Crypto News – 24 April

Bitcoin falls; market bleeds: The world’s top cryptocurrency fell below the $5,600 mark, pulling the rest of the market, including altcoins like Litecoin and BCH down

Read more at https://bit.ly/2GyTQSI

BTC optimism may be misplaced: Contrary to general market optimism, a popular crypto-analyst claimed that it was too early to declare that Bitcoin was on a bull run

Read more at https://bit.ly/2L1VK3Z

John McAfee retracts Satoshi Nakamoto promise: The software pioneer retracted his promise to reveal the true identity of Satoshi Nakamoto, over issues pertaining to his extradition case

Read more at https://bit.ly/2GuxFNz

Charles Hoskinson on Cardano: The IOHK Founder emphatically stated that Cardano should not be compared with bigwigs like Yahoo and Amazon as the latter are too far ahead in terms of development.

Read more at https://bit.ly/2vlaxMs

Changpeng Zhao on Ethereum: Binance’s CEO responded to a tweet and stated that Binance Coin did not challenge Ethereum. However, ETH lacked focus with respect to development, he added

Read more at https://bit.ly/2ICF3Kr

Charlie Lee on TD Ameritrade: After being pointed out by a Twitter user, Litecoin’s Charlie Lee gave his two cents on TD Ameritrade, stating that it was testing Bitcoin and Litecoin trading on its brokerage platform

Read more at https://bit.ly/2GCyAN3



Monica Long on Ripple’s future: Ripple’s Senior VP of Marketing stated that the company’s main mission is to identify the use cases of blockchain technology in the payments ecosystem and make it better, in an interview with Trader Cobb

Read more at https://bit.ly/2ZvtsC1





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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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