Bitcoin Continues to Climb on the Back of Positive Momentum: BTCManager’s Week in Review April 22, 2019

The price of bitcoin has increased by over four percent week-on-week to $5,333 per coin as investors are starting to buy bitcoin again now that the ‘crypto winter’ is considered over and the sentiment is turning bullish. The Big Stories The biggest news of the week in ‘all things bitcoin’ was the announcement by Japanese retail giant Rakuten that it has opened registration for its cryptoasset trading service and wallet, Rakuten Wallet. The Japanese corporation has been involved in blockchain and cryptocurrency ventures before, but this move could help to…

Bitcoin Loses Steam after Recent Rally but Remains above $5,000: BTCManager’s Week in Review April 15

The price of bitcoin remained effectively unchanged at the $5,000 mark, week-on-week after the premier cryptocurrency retraced from its mid-week high of $5,421 per coin. The biggest story of the week was the attempted “doxxing” of Twitter user Hodlnaut by Bitcoin SV advocate Craig S. Wright. The attempt was met with an impromptu social media campaign by the bitcoin community called “#WeAreAllHodlnaut,” a crowdfunding effort to help Hodlnaut in his defense against Wright’s lawsuit. The campaign also generated a statement from Binance CEO Changpeng Zhao that his exchange will delist…

Bitcoin Moves Past $5,000 Mark as Mystery Whale(s) Cause Sudden Rally: BTCManager’s Week in Review April 8, 2019

The price of bitcoin rallied by over 25 percent week-on-week thanks to a hefty price jump on April 2, 2019, which some believe was caused by algorithmic trading hedge funds while others think it was the work of a single buyer.  This week in crypto: 1. One buyer pushes BTC over $5k2. “Bitcoin” Google searches triple3. SEC publishes token guidance 4. Binance launching in Singapore5. More than 40 central banks are evaluating blockchain tech6. Bitcoin still not dead 🙂 Building the foundation weekly! — Pomp 🌪 (@APompliano) April 6, 2019…

Most Respondents File Negative Comments for SEC’s Review of VanEck/SolidX Bitcoin ETF

Multiple respondents have filed comments with the United States Securities and Exchange Commission (SEC) on the latest proposed rule change for the VanEck/SolidX Bitcoin (BTC) exchange-traded fund (ETF). Comments to date were submitted between Feb. 13 and March 12. As reported, CBOE’s BZX Equity Exchange — the exchange that would prospectively list the Bitcoin ETF — had temporarily withdrawn its application for a rule change on the ETF in January, citing the negative impact of the U.S. government shutdown on the SEC’s operations. CBOE then resubmitted the application for the…

Most Respondents File Negative Comments for SEC’s Review of VanEck/SolidX Bitcoin ETF

Multiple respondents have filed comments with the United States Securities and Exchange Commission (SEC) on the latest proposed rule change for the VanEck/SolidX Bitcoin (BTC) exchange-traded fund (ETF). Comments to date were submitted between Feb. 13 and March 12. As reported, CBOE’s BZX Equity Exchange — the exchange that would prospectively list the Bitcoin ETF — had temporarily withdrawn its application for a rule change on the ETF in January, citing the negative impact of the U.S. government shutdown on the SEC’s operations. CBOE then resubmitted the application for the…

Canada: Regulatory Bodies Call on Crypto Industry to Participate in Securities Law Review

The CSA and IIROC say they wish to adapt rules to take into account the new cryptocurrency trading arena. Two national securities bodies in Canada have issued a joint consultation paper on March 14, aiming to gather industry feedback about cryptocurrency token regulation. In a summary press release about the paper, the Canadian Securities Administrators (CSA) and Investment Industry Regulatory Organization of Canada (IIROC) said it was necessary to adapt existing laws in order to cope with the emergence of new trading platforms specializing in crypto-assets. The CSA is a…

Regulatory Bodies Call on Crypto Industry to Participate in Securities Law Review

Two national securities bodies in Canada have issued a joint consultation paper on March 14, aiming to gather industry feedback about cryptocurrency token regulation. In a summary press release about the paper, the Canadian Securities Administrators (CSA) and Investment Industry Regulatory Organization of Canada (IIROC) said it was necessary to adapt existing laws in order to cope with the emergence of new trading platforms specializing in crypto-assets. The CSA is a national standards group covering 57 different areas, while the IIROC is a self-regulatory body overseeing investment dealers and trading…

Russian State Duma to Review Crypto Regulation, Oil-Backed Crypto in Development

The Russian State Duma (the lower house of the Federal Assembly of Russia) plans to review and adopt new cryptocurrency regulation in March.  The former Energy Minister Igor Yusufov is also proposing an oil-backed crypto, Russian financial outlet Rambler reported on Feb. 21. Furthermore, Rambler reports that the head of the Energia investment-oriented corporation, former Energy Minister Igor Yusufov, also has tangible prospects for proposing an oil-backed cryptocurrency. The construction of the project’s roadmap is reportedly almost at the final stage. In an interview with Rambler, Yusufov reportedly said that…

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…