The Chicago Board Options Exchange (CBOE) and VanEck refiled their Bitcoin exchange-traded fund (ETF) application. But, there likely won’t be a Bitcoin ETF by the end of the year and possibly by the year’s end. On January 31, as CCN reported, VanEck announced that it submitted its newly drafted Bitcoin ETF application to the U.S. Securities and Exchange Commission (SEC). The VanEck SolidX Bitcoin ETF proposed rule-change has been submitted by CBOE. Hard work by all teams involved. Public document: https://t.co/X25lOPjiFS pic.twitter.com/C9FP4adDE8 — Gabor Gurbacs (@gaborgurbacs) January 31, 2019 Why There Will be No Bitcoin ETF Until the Year’s End
Since our last crypto market round-up report on Friday, the climate has changed significantly for at least one major cryptocurrency: Ethereum. All eyes are on Ether as it pushes closer and closer to the $ 100 mark. Bitcoin, meanwhile, briefly crossed the threshold of $ 3,400. By most accounts, the Bitcoin price is working on a test of the $ 3,000 mark, which is both a psychological and market indicator. Bitcoin Price Likely to Test $ 3,000 The Bitcoin price‘s 3-day chart looks a bit hellish if you’re a bull in this cold weather. Bitcoin has lost $ 200 over the past three days. Average users
Crypto attorney Jake Chervinsky doesn’t believe that a bill to exempt cryptocurrencies and ICOs from US securities law will be approved anytime soon. He cited the bureaucratic inefficiency of Washington as a key reason for his pessimistic outlook. “I don’t know if there’s any validity to the rumor that the Token Taxonomy Act will be reintroduced
The post Bill to Exempt Crypto From Securities Laws Will Be Delayed, Says Attorney: ‘Don’t Hold Your Breath’ appeared first on CCN
After 35 days, the U.S. partial government shutdown may be finally coming to an end. According to the Drudge Report, President Donald Trump is planning to hold a press conference at 1:00 pm ET to elaborate on the details. Temporary Reprieve A new funding agreement to re-open the U.S. government will likely be announced after
The post Breaking: Government Shutdown Over? President Trump to Hold Press Conference at 1:30 pm appeared first on CCN
According to reports from cybersecurity researchers, there’s a new ransomware virus on the loose that’s targeting bitcoin miners. A file locking program called H-Ant has allegedly infected certain Antminer models in China and if the ransom is not paid the software aims to destroy the infected machine.
Dow Jones Industrial Average futures traded down slightly in pre-market trading on Friday as the blue-chip index fought to hold above 24,000 and extend a five-day winning streak as the US government shutdown hit the three-week mark. Dow Futures Dip Below 24,000 As of 8:36 am ET, Dow futures implied losses of 60 points or … Continued
The post Dow Fights to Hold 24,000, But Government Shutdown Puts Pinch on Airlines & Retailers appeared first on CCN
The break above $ 4,000 has not really changed the interim bias of the bitcoin market. The cryptocurrency on Wednesday remained largely unchanged on its 24-hour adjusted timeframe. The news of a possibly peaceful end to the ongoing US-China trade talks allowed global markets to establish their fresh intraday highs. Investors, meanwhile, focused less on their bitcoin
The post Bitcoin Price Analysis: Why the Defense at $ 4,000 Will Not Hold appeared first on CCN
The bitcoin price on Wednesday showed minor upside movements as it maintained the gains made during yesterday’s session. Bitcoin Price Technical Analysis The BTC/USD exchange rate posted as much as 1.5 percent in gains during the first half of the trading session. The pair notably eyed a rally towards $ 4,000 but corrected ahead of establishing … Continued
The post Bitcoin Price Closing in on Resistance at $ 4,000 — Will The Rally Hold? appeared first on CCN
Over the past 12 hours, the Bitcoin price has recovered from $ 3,700 to $ 4,000 on major fiat-to-crypto exchanges like Coinbase and Bitstamp. On December 3, Bitcoin (BTC) was on the verge of dipping below a major support level at $ 4,000 and at the time, several analysts said that a drop below the support level could
The post Bitcoin Price Crucially Recovers From $ 3,700, Can $ 4,000 Hold in Short-Term? appeared first on CCN
Nearly three months have passed since Goldman Sachs, a $ 73 billion investment bank based in the US, said that it is not ready to facilitate the delivery of “physical Bitcoin” to its clients. The banking giant is still not able to hold cryptocurrencies on behalf of its clients, despite growing demand from clients. At a
The post Goldman Sachs Still Can’t Hold Crypto on Behalf of Clients Despite Growing Demand appeared first on CCN
Over the last 24 hours, Bitcoin has slightly recovered from $ 6,230 to $ 6,260, unable to breakout of the $ 6,300 mark. Throughout the upcoming days, if Bitcoin fails to stabilize in the $ 6,300 to $ 6,400 range, the price of BTC is at risk of dropping to the lower region of $ 6,000 and possibly below the $ 6,000
The post Bitcoin Price Could Hold $ 6,300 For Another Month Due to Low Volume appeared first on CCN
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Bithumb, a global cryptocurrency exchange holds an event to payback 70% of transaction fees for overseas users as an expression of appreciation for their support and loyalty following the last month.
Popular cryptocurrency analyst Willy Woo has observed what many others in the community have overlooked. While this year’s market downturn has shaved off approximately 70% of BTC’s value, the Bitcoin network is quietly gaining scale. It’s a sign of what many blockchain pioneers have been touting during the market downdraft, which is for developers to
The post Bitcoin Network Congestion Reaches 95%, But Fees Hold Steady appeared first on CCN
The US Marshals Service has announced an upcoming auction for over $ 4 million worth of bitcoin seized during various legal proceedings. The sealed bid auction, which is scheduled to take place in November, will offer approximately 660 BTC seized during about 31 federal criminal, civil and administrative cases under the asset forfeiture framework of the
The post Checkbooks Ready! US Marshals to Hold $ 4 Million Bitcoin Auction appeared first on CCN
Today has been a bleak day for Bitcoin. The price looked like it was holding steady at the $ 6,500 mark but now it has dropped 5% which has dragged everything else down with it, including Ethereum, XRP, Cardano, Stellar and more.
In only 30 minutes, $ 13 billion disappeared. According to CoinMarketCap, data shows that the sudden slide for Bitcoin / USD took the pair down over $ 400 in just a half an hour window which seemed to start at around 11 pm on October 10th.
Due to the fixed supply of Bitcoin, former Google Product Director Steve Lee stated that only 1 percent of the world’s population can own more than 0.28 BTC. “If you own 0.28 BTC and HODL, you can be certain no more than 1% of the current world’s population can ever own more BTC than you.
The post Bitcoin is Still at an Early Stage: If You Hold 0.28 BTC, You’re Part of the 1% appeared first on CCN
September has been yet another cold month for cryptocurrency. As each new month arrives, speculation of the next bull run follows, though it seems that at the moment, bullish optimism is at an all time low. September promised to bring riches, with the SEC Bitcoin ETF deadline looming and various other big projects coming to the fore, we really did hope to see some great progression made this month.
Of course, XRP is the stand out crypto for the past two weeks, after the stunning announcement of a pending full release for xRapid, an announcement that saw XRP climb more than 100% in just a couple of days.
According to Cryptoglobe, two US based finance experts, Lourdes C. Miranda and Ross Delston have told Asia Times that they believe North Korea (DPRK) could be mixing cryptocurrencies in order to get hold of US Dollars, in a move designed to totally undermine US economic sanctions. The pair have found that established trading is taking place within DPRK and that there are also signs that the state could be looking to also manufacture their own cryptocurrency.
German blockchain banking service Bitwala is set to launch the first-ever platform that will enable the management of both euro deposits and bitcoin funds within the same bank account. This system is planned to kick off by November with an estimated 30,000 customers who have already signed up for the service. The biggest initial investor
The post This German Fintech Startup Will Let You Hold Bitcoin in Your Bank Account appeared first on CCN
Stellar (XLM) has been on a roll these past few days. Its stellar gains are only second next to that of Ripple (XRP). The above 4H chart for XLM/USD shows that there is still plenty of room for further price boosts. However, after its previous rally towards $ 0.30, we have seen Stellar (XLM) retrace towards the 61.8% Fibonacci. Fortunately for Stellar (XLM) investors, this level has held strongly for now as the price has already closed one 4H candle above it and has now formed another green candle which is also likely to close above the 61.8% Fibonacci level.