Bitcoin ETF Saga Continues: SEC To Review NYSE & Bitwise’s Application

Bitcoin ETF Rule Change Under Review What a week it’s been for the Bitcoin exchange-traded fund (ETF) space. In a matter of a few days, the hopefuls behind applications for such vehicles have been put through a rollercoaster of emotions. After what the U.S. Securities and Exchange Commission (SEC) politely requested Reality Shares, a crypto-centric investment services group based in California, to pull its application due to an array of rules and the product’s unique nature, the same regulator made a surprise comment. According to a document obtained by CoinDesk, the American…

Bitcoin ETF Saga Continues: SEC To Review NYSE & Bitwise’s Application

Bitcoin ETF Rule Change Under Review What a week it’s been for the Bitcoin exchange-traded fund (ETF) space. In a matter of a few days, the hopefuls behind applications for such vehicles have been put through a rollercoaster of emotions. After what the U.S. Securities and Exchange Commission (SEC) politely requested Reality Shares, a crypto-centric investment services group based in California, to pull its application due to an array of rules and the product’s unique nature, the same regulator made a surprise comment. According to a document obtained by CoinDesk, the American…

SEC Starts Review of NYSE Arca’s Bitcoin ETF Rule Change Proposal

The United States Securities and Exchange Commission (SEC) started reviewing a rule change proposal for NYSE Arca’s Bitcoin (BTC) exchange-traded fund (ETF) on Feb. 11, according to an official document published today, Feb. 15. According to the notice, the NYSE Arca exchange filed a rule change proposal to list and trade shares of the Bitwise Bitcoin ETF Trust under its NYSE Arca Rule 8.201-E on Jan. 28. The SEC is now expected to provide an initial decision to approve or reject the proposal within 45 days starting from the day…

US Securities Regulator Solicits Blockchain Analytics Companies for Data Review

The United States Securities and Exchange Commission (SEC) is seeking sources for blockchain data and its analysis, a statement issued by the agency revealed on Jan. 31. According to the statement, the SEC is trying to find businesses able to provide blockchain data to support its risk monitoring and compliance enforcement activity, as well as inform the commission about digital assets. Last month, the agency announced that cryptocurrencies are one of the its top examination priorities for the current year. According to the Jan. 31 statement, the agency expressed interest…

Bitcoin Experiences Volatile Start to the Year, Struggles to Maintain $4,000 Mark: BTCManager’s Week in Review

The price of bitcoin jumped to surpass the $4,000 mark to kickstart the week early on Monday morning but dropped back down again to close the week five percent lower at around $3,650. Investors rejoiced to see bitcoin jump back above the important $4,000 mark but were quickly disappointed again when bitcoin dropped from this year’s high of $4,102 down to the $3,600 to $3,700 range ahead of the weekend. The price drop occurred after China announced new regulations to de-anonymize blockchain users in the People’s Republic and to allow…

Jason Cox Extends Open Invitation for Assistance With Development and Review of Bitcoin Cash Code

News BCH developer conversations have been taking place ahead of the upcoming May 2019 upgrade. In their latest video meeting, devs agreed that they need to know how much BCH is locked up in p2sh segwit addresses. It was also agreed that Andrea Suisani will take charge of the byte transaction size limit and Mark Lundeberg will review Amaury Sechet’s code on Schnorr signatures. Lastly, Jason Cox extended an open invitation for the qualified to assist with the development and review of BCH code. Also read: Major Mining Pools Have a ‘High…

Review: Wasabi’s Privacy-Focused BTC Wallet Aims to Make Bitcoin Fungible Again

Reviews Privacy is relative, but by many people’s reckoning, bitcoin could use greater anonymity. The Bitcoin Core protocol hasn’t changed much over the past decade, but the tools used to forensically inspect it have. In a bid to reclaim some of that eroding privacy, a number of fungibility-enhancing tools have been released by open source developers. Wasabi’s desktop BTC wallet incorporates a number of these to good effect. Also read: Report Claims Central Banks Are Cautious About Issuing Their Own Digital Currencies A Little Wasabi to Heat up the Privacy Battle…

Bitcoin Struggles to Regain $4,000 Level Starting the New Year: BTCManager’s Week in Review Jan 7

The price of bitcoin traded sideways in the first few days of 2019. The price fluctuated between $3,707 and $3,947 and closed the week effectively unchanged versus last week’s close. As expected, news flow over New Year’s was muted as the first week of January is still a holiday week for most businesses as investors seem to have taken a wait-and-see approach on how the first few trading weeks of the year will unfold before placing large buy orders. The biggest news of the week has been the announcement from…

Bitcoin Struggles to Maintain $4,000 Mark and Closes Year’s Last Trading Week in the Red: BTCManager’s Week in Review

It has been a hell of a year for bitcoin investors. Twelve months ago, we were coming off bitcoin’s all-time high of over $20,000. Today, the price of bitcoin is struggling to maintain the $4,000 mark after dropped by over 70 percent year-to-date. As expected, news flow has been muted over the holiday period. The biggest headlines of the week come from the Bitcoin Mining giant Bitmain, which is rumored to cut its staff by 50 percent in light of the decline of the bitcoin mining market in 2018, and…

Crypto Year in Review: How Bitcoin (BTC) Performed in 2018 and What Hides in 2019?

Released in 2009 as open-source software by a person or group of people using the name Satoshi Nakamoto, Bitcoin had the idea to create a peer-to-peer electronic currency that didn’t rely on any central authority or intermediary for validating the exchange of money. Its price is famously volatile, often swinging thousands of dollars in either direction in a single day. That, however, didn’t prepare investors for what happened after the peak. Bitcoin’s price retreated for the rest of 2017 and ended the year at $12,993. Then came 2018. The currency…