SEC Orders Proceedings to Rule on ETF, Seeks Further Feedback

The United States Securities and Exchange Commission (SEC) has published an “order instituting proceedings to determine whether to approve or disapprove” the proposed Vaneck Solidx bitcoin exchange-traded fund (ETF). The SEC is asking for further public feedback on issues pertaining to concerns regarding the bitcoin market’s perceived vulnerability to manipulation. Also Read: Turkey Finance Minister Embraces … Read more

Goldman Sachs Out: No Crypto Trading Desk, Markets Fall

Investment bank Goldman Sachs is ditching its plans to open a cryptocurrency trading desk, reports detail. It was only early last month when rumors circulated that the legacy financial institution was even doubling down on their digital asset fever. That appears not to be the case anymore, and markets are not taking the news well.  … Read more

Crypto Price Review: BTC, ETH, BCH and LTC Show Signs of Life, While XRP May Face Trouble

Bitcoin (BTC) At press time, bitcoin is trading for about $6,985. This is a significant rise from yesterday’s fall to $6,800, and bitcoin is once again expected to strike the $7,000 mark. The Satis Group – which advises businesses on initial coin offerings (ICOs) – just released a new report that suggests bitcoin could surge … Read more

The Daily: Cboe Close to Ether Futures, Brave Boasts Millions of Downloads

Cboe is getting closer to launching ether futures and we’ve covered the report in The Daily. Also, Brave has reported 10 million downloads of the Android version of its privacy-oriented browser, the Russian telecom regulator says it would unban Telegram if the messenger follows court orders, and IOTA Foundation has released its Trinity desktop wallet … Read more

SEC Rejects 9 ETF Proposals From Direxion, ProShares and GraniteShares

The U.S. Securities and Exchange Commission has rejected applications from three applicants for nine Bitcoin exchange-traded funds (ETFs). The agency disapproved five leveraged and inverse ETFs from Direxion, one from GraniteShares, and another two from ProShares which would have tracked Bitcoin futures contracts. The rejections came only a day ahead of the deadline. Grounds for … Read more