Bitcoin Price Watch: Currency Stumbles After International Speculation

At press time, the largest cryptocurrency by market cap is trading for roughly $6,800. This is about $200 less than where it’s been over the past 48 hours, and a drop of roughly three percent. One analyst claims that short sellers still have plenty of control in the cryptocurrency market. Lennon Sweeting – director of … 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

Thailand Updates ICO Licensing Progress, Warns Firm Issuing Token Without License

The Thai Securities and Exchange Commission has revealed the number of applications it has received from businesses wanting to operate initial coin offering portals in the country. However, at least one company is already issuing a token without obtaining approval. Meanwhile, the first Thai Stock Exchange-listed company to launch a token has a new plan … Read more

Bitcoin Price Watch: Currency Shows Signs of Maturing, Hits $6,700

At press time, the father of cryptocurrency has jumped to $6,700 – the highest it’s been in a while. This is about $200 “taller” than where it stood just 24 hours ago. Many sources claim that the bitcoin market is beginning to show signs of maturing. The latest sign comes by way of the Security … Read more

$1.1 Million Landmark Crypto Fraud Case Establishes CFTC Jurisdiction

The US Commodities Futures Trading Commission (CFTC) helped bring a fraud case to court, hoping to both assist in its ultimate prosecution and establish precedent. The New York Eastern District Court decided in the CFTC’s favor, ending in a combined over $1.1 million decision in fines and restitution. It also established the regulator as having … Read more

SEC Wants Second Look at Nine Bitcoin ETFs

One day after the U.S. Securities and Exchange Commission (SEC) rejected proposed rule changes for nine bitcoin ETFs, the Commission initiated a review of all related decisions. Three rejection orders made on August 22 are now stayed pending the review by the SEC Chairman and the Commissioners. Also read: Yahoo! Japan Confirms Entrance Into the Crypto … Read more