SEC Commissioner Says Time Is Right for Bitcoin ETFs — 3 Funds Pending

The U.S. Securities and Exchange Commission (SEC) is currently reviewing three bitcoin exchange-traded funds (ETFs), one of which was filed last week to track the prices of two cryptocurrencies. An SEC commissioner said at the Consensus conference on Monday that the time is right for a bitcoin ETF, as the commission is due to make a decision on one of them next week. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request SEC Commissioner: Time Is Right for Bitcoin ETF At the Consensus 2019 conference in New York…

Australia Opposition Party Promises $2.1 Mln Blockchain Academy Pending May Election Win

Australia’s main opposition party would inject $3 million AUD ($2.1 million) into blockchain technology should it win next month’s federal election, tech news magazine ZDNet reported on May 1. Under plans previously outlined as part of its election pledges, the Australian Labor Party said it would divert the funds to set up a dedicated Blockchain Academy in the western city of Perth. “The Liberal government has failed to tackle major tech skills shortages that are holding back Australian businesses,” the publication quotes Shadow Minister for the Digital Economy, Ed Husic,…

Huobi Secures Its FSA License in Japan, Other Large Players Are Pending

On Jan. 17, Singapore-based cryptocurrency exchange Huobi, one of the largest players on the market, relaunched as a fully licensed platform in Japan after merging with the BitTrade exchange. Branching out to Japan, where compliance is valued and many regulatory measures are imposed for crypto players by domestic regulators, is a complex process. Here’s how Huobi entered the market, and which firms might soon follow suit. Specifics of the Japanese market and the FSA’s role in it Japan is one of the world’s largest markets for cryptocurrencies. Bitcoin (BTC) and…

US Senator Reports to Jail Pending Verdict in Cryptocurrency Fraud Case

A Georgia state senator has reported to jail over allegedly lying about the theft of cryptocurrency mining equipment worth $300,000, The Guardian reported Dec. 27. Republican Michael Williams, who originally reported the alleged theft in May, made a false police report and gave a false statement, court documents claim. Williams had said servers with a value of $300,000, which had been used to mine unnamed cryptocurrencies, had disappeared from his office premises, local daily news outlet Atlanta Journal-Constitution reported Dec. 20. Prosecutors are considering the possibility that the theft never…

Markets Update: All Eyes on Bitcoin Cash Prices Before the Pending Fork

Since our last markets update five days ago, a lot has changed as a good chunk of the top cryptocurrency markets have dipped in value over the last three and a half days. Bitcoin cash markets touched a high of $638 on Wednesday, Nov. 7, but now prices are hovering around $544 per BCH on Sunday, Nov. 11. Also read: Bitcoin Cash Miners Break Records Processing Multiple 32 MB Blocks Digital Assets See Some Slight Losses Over the Last Three Days Cryptocurrency markets have had an interesting week after a long…

CNBC’s Ran Neuner Says ‘Bitcoin Is About to Explode,’ Points to Pending ETF Decision

Crypto analyst and host of CNBC’s show Cryptotrader Ran Neuner has claimed that the price of Bitcoin (BTC) is “about to explode” in a recent tweet October 7. Neuner expressed his utmost confidence in an upcoming surge in Bitcoin’s price by noting “I just bought Bitcoin for my parents” in the same tweet. A notable rally would likely be tied to the U.S. Security and Exchange Commission’s (SEC) highly-anticipated upcoming decision on several Bitcoin Exchange-Traded Fund (ETF) applications, the trader claimed in another tweet posted the same day. Explaining his…

Bitmain IPO | Filed and Pending; So What’s Next for the Mining Company?

Bitcoin mining firm Bitmain has just submitted its initial public offering (IPO) with the Stock Exchange in Hong Kong (HKEX). Bitmain is based in Beijing, China. So what’s going on with the Bitmain IPO? Bitmain IPO Bitmain’s long-awaited IPO is still in its draft form and pending further listing hearings from the HKEX. The announcement of Bitmain’s public offering isn’t without controversy though. Bitmain has been weighing an $18 billion IPO, one of the largest in history. Bitmain is one of the world’s most valuable cryptocurrency companies. Back in July, the…

Bitcoin Fees Explained – How to Calculate and Solve Pending Transactions

This guide will explain the basics of fees from how they are calculated to what you can do in case you didn’t pay a big enough fee. Post summary Bitcoin transaction fees (sometimes referred to as mining fees) allow users to prioritize their transaction (sometimes referred to as tx) over others and get included faster into Bitcoin’s ledger of transactions known as the blockchain. To determine whether to include a transaction in the blockchain is worth their while, miners will take a look at which transaction has the highest fee…