Tag: Approved

SEC’s Crypto Mom: Bitcoin ETF Could Be Approved Tomorrow or in Ten Years Time

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Hester Peirce (left). Photo: Hester Peirce / Twitter Peirce, nicknamed ‘Crypto Mom’ by the crypto community, is an advocate for a crypto ETF and tries to pursue the SEC to approve a Bitcoin ETF soon. With the Van Eck ETF on the line in February 2019, a decision has to be made by the SEC whether they want to accept a Bitcoin ETF now, or not just yet. She said: “Don’t hold your breath. I do caution people to not live or die on when a crypto or bitcoin ETF…

Why A Bitcoin (BTC) ETF Might Be Approved in February 2019

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A few hours ago, the cryptocurrency and investor communities were notified of the delay by the Securities and Exchange Commission (SEC) to rule on the pending VanEck Bitcoin ETF until February 27th. Some have even linked the announcement to the current blood bath in the crypto markets that has the total crypto market capitalization at $108.68 Million with BTC trading at $3,433 ahead of a shakey weekend. Ethereum (ETH) has dropped under $90 and is trading at $87. The only coin in the top 100 doing well is Bitcoin SV…

Intel Corporation Patent for High-Performance Energy Efficient Bitcoin Mining Finally Approved

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On November 27, 2018, the U.S. Patent and Trademark Office accepted a patent submitted in 2016 by the tech giant Intel Corporation for a new energy efficient, high-performance bitcoin mining system capable of outpacing the current model. Energy Efficient Mining The patent submission was filed June 29, 2016, and was entitled “Optimized SHA-256 datapath for energy-efficient high-performance Bitcoin mining.” In the original document, the leading computer processor company outlined a proposal focusing on a system to perform Bitcoin mining using specifically designed energy-efficient hardware accelerators.The patent presents the following introduction:…

‘Godfather of ETFs’ Says Bitcoin Exchange-Traded Funds Will be Approved ‘No Time Soon’

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Reggie Browne, the so-called “godfather of ETFs,” said that Bitcoin (BTC) Exchange-Traded Funds (ETF) will be certified “no time soon,” Business Insider reported Nov. 1. Browne is a senior managing director and head of ETF trading at financial services firm Cantor Fitzgerald. Founded in 1945, Cantor Fitzgerald focuses on institutional equity, fixed income sales, and trading. The company reportedly has over 5,000 institutional clients, which includes such fields as investment banking, prime brokerage, and commercial real estate. Speaking at Georgetown University’s Financial Markets Quality Conference in Washington D.C., Browne reportedly…

5 Reasons Why VanEck’s Bitcoin ETF Will Likely be Approved by SEC

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At a meeting with the US Securities and Exchange Commission (SEC) commissioner Elad L. Roisman, representatives from SolidX, VanEck, and CBOE presented five major reasons why the commission should approve the Bitcoin exchange-traded fund (ETF) filing of VanEck and SolidX. VanEck, an investment management firm headquartered in New York that has decades of track record in the traditional finance sector and hundreds of ETFs filed under its name, outlined the following points the SEC should consider in approving its Bitcoin ETF: There now exists a significant regulated derivatives market for…

5 Reasons Why VanEck’s Bitcoin ETF Will Likely be Approved by SEC

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At a meeting with the US Securities and Exchange Commission (SEC) commissioner Elad L. Roisman, representatives from SolidX, VanEck, and CBOE presented five major reasons why the commission should approve the Bitcoin exchange-traded fund (ETF) filing of VanEck and SolidX. VanEck, an investment management firm headquartered in New York that has decades of track record in the traditional finance sector and hundreds of ETFs filed under its name, outlined the following points the SEC should consider in approving its Bitcoin ETF: There now exists a significant regulated derivatives market for…

Coinbase Approved to Offer Crypto Custody Services in New York

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Coinbase has received approval from New York regulators to form a qualified custodial firm for cryptocurrencies. The New York Department of Financial Services (NYDFS) said Tuesday that it granted Coinbase’s application to create the Coinbase Custody Trust Company LLC, as well as approving the Coinbase Trust to offer custody services for bitcoin, bitcoin cash, ethereum, ethereum classic, litecoin and XRP. Notably, while Coinbase already allows customers to buy, sell or trade the first five of those cryptocurrencies, it does not currently offer XRP on any of its trading platforms. In…

Paxos Unveils Dollar-Backed Stablecoin Approved by New York Regulator

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Blockchain startup Paxos announced Monday that it has launched a stablecoin with regulatory backing from the state of New York. The newly minted Paxos Standard, which has been approved and will be regulated by the New York Department of Financial Services (NYDFS) is fully backed by the U.S. dollar, the company said. Notably, Paxos is already a qualified custodian, meaning it is legally regulated and approved by the U.S. Securities and Exchange Commission to hold client funds. The Paxos Standard token is designed to provide liquidity for investors trading in crypto assets by…

Bitcoin ETF Will Likely Be Approved Next Year: Asset Manager

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The focus on a Bitcoin ETF has shifted from its possibility thereof to the timing of an imminent approval. With several predictions from different quarters already, recent statements are suggesting 2019 to be a more realistic date of approval. One of the most pertinent questions surrounding Bitcoin today revolves around the anticipated ETF approval by the US Securities and Exchange Commission. While most participants now see a Bitcoin ETF approval to be imminent, it is the actual timing that majority are currently concerned about. About the Bitcoin ETF Simply put,…