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Bitcoin Price Watch: Could Today’s Rise Signal the Currency’s Return?

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At press time, the largest cryptocurrency by market cap is trading for over $6,400. That’s about $200 higher than where it stood 24 hours ago. Yesterday, we discussed that bitcoin had dropped significantly in reaction to the Security and Exchange Commission (SEC) postponing its decision regarding the bitcoin ETF submitted by VanEck. Up to that … Read more

Bitcoin Price Watch: Currency Is Dipping Faster Than Anyone Could Predict

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At press time, the world’s largest cryptocurrency by market cap is trading for just over $6,200. This is one of the biggest drops in recent weeks – over $900 in just 24 hours. All of bitcoin’s recent gains have been wiped away, and we are right back where we started. The recent bull run is … Read more

SEC Postpones Decision on Vaneck Solidx Bitcoin ETF but Previous Concerns ‘Resolved’

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The U.S. Securities and Exchange Commission (SEC) has extended the time period it needs to make a decision on the Vaneck Solidx bitcoin ETF based on the proposed rule change filed by Cboe BZX Exchange. Meanwhile, the ETF team has submitted to the SEC key changes addressing all concerns cited as reasons for rejecting Solidx … Read more

SEC Has No Jurisdiction to Look at Bitcoin for ETF Decision, Admits Commissioner

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A commissioner of the U.S. Securities and Exchange Commission (SEC) has voiced her opinion that the agency overstepped its bounds to reject a bitcoin ETF recently based on the underlying asset, bitcoin. She believes that the role of the SEC is to consider the market for the ETF, not the underlying asset itself. Also read: Yahoo! … Read more