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SEC Chairman Delays Bitcoin ETF Approval, Implies On Changes To BTC Markets

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The chairman of the US Securities and Exchange Commission (SEC), Jay Clayton, is in the latest cryptocurrency news centered around regulation. As Clayton recently noted, Bitcoin exchanges lack sufficient transparency and monitoring for the market to see the approved Bitcoin Exchange Traded Funds (ETFs).

According to CNBC’s reports, Clayton made the following statements at the Consensus Invest Conference in New York a couple of days ago:

“What investors expect is that trading in the commodity that underlies that ETF makes sense and is free from the risk of manipulation. It’s an issue that needs to be addressed before I would be comfortable.”

Clayton is seen as a big no-sayer when it comes to Bitcoin ETFs – but is also a person that feels that a Bitcoin ETF would be too easily manipulated and that there is no enough safeguarding in place to prevent as much.

Overall, the current Bitcoin market is too nascent to have a sort of tools that the SEC would like to see at the disposal of its exchanges in order to approve an ETF, which would be a method of investing in the entire Bitcoin market without actually holding Bitcoin.

The other issue are the safe custodians of Bitcoin which are apparently lacking as well. As Clayton noted:

“We’ve seen some thefts around digital assets that make you scratch your head. We care that the assets underlying that ETF have good custody, and that they’re not going to disappear.”

To sum things up, the Bitcoin markets according to Clayton have a ways to go before the SEC allows anyone to offer a Bitcoin ETF. Obviously, the buying and selling of Bitcoin is still legally allowed, but the prospect of trading against the whole market is a ways off.

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Tom Lee Thinks That Bitcoin’s $8,000 Upswing Confirms End Of Crypto Winter

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There is no doubt that Bitcoin is in the latest cryptocurrency news as the most dominant coin. Since the beginning of this month, BTC has almost doubled and Tom Lee thinks that the recent rallies prove that the crypto winter is finally over. As the ice appears to have melted, many industry analysts are convinced that it is now definitely over. The Fundstrat Global Advisors' Bitcoin bull Thomas Lee was featured on many best cryptocurrency news sites after tweeting his thirteen reasons why the crypto winter is now over. Tom Lee also stated what he described as a 'disturbing pullback to $6,200' and how the return to $8,000 for Bitcoin was confirmation that the trend is intact. While some of the reasons that Lee shared have more weight than others, he also said that the Bitcoin Cash was has had a lot of effect on the Bitcoin price over the winter. Next, he observed Grayscale's Bitcoin Trust which NAV premium fell to 5% in 2017 but has since surged by 41%. Over the counter volumes (OTC) have also started surging and a lot of brokers are reporting new client activity which shows a 60% to 70% more positive activity compared to levels from four months ago. There was also speculation that US President Trump's escalated trade war with China spurred buyers into loading up on Bitcoin as a safe store of value. Tom Lee believes that the 'golden cross' in late April was a major technical indicator that the trend has reversed. The altcoin news showed a positive action too - following the Binance hack which confirmed major confidence in crypto markets. Finally, this month's Consensys crypto conference proved that the crypto winter is over - as Tom Lee said. https://twitter.com/fundstrat/status/1130088055384215553 While referencing to the past week performance and the massive candle with surges of 13% and upwards (for Bitcoin alone), Tom Lee also added:
“Hell of a bullish weekly close on #Bitcoin with near record breaking volume, solidifying the strength and validity of this rally.”
Right now, Bitcoin looks like it is retracing below $8,000. However, this may be a short correction before a new upswing. Its dominance now sits at 57% and the total market cap is $244 billion.
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Crypto On WhatsApp: Send And Receive Bitcoin Litecoin As Of Today

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The latest cryptocurrency news today show that crypto on WhatsApp is not anymore a distant reality. The popular messaging app has decided to adopt two cryptocurrencies - Bitcoin and Litecoin - as the first two coins to be sent and received via the popular app. According to the official announcement by Zulu Republic, crypto on WhatsApp comes via an ecosystem of blockchain tools and platforms for organizations, businesses as well as individuals. https://twitter.com/ztxrepublic/status/1130169641626689537 Accessing Bitcoin and Litecoin on WhatsApp is now simple. All you need to do is add the Lite.Im WhatsApp bot after which you will receive instructions on what to do and how to start sending and receiving coins. On top of this, there are multiple other options for those who add the messaging bot such as earning digital coins through a referral program. Furthermore, the altcoin news show that users can also tweak the options. As crypto on WhatsApp is now a reality, they can set up a password, choose a language and also set a default coin. There is obviously much work left to be done as the two default languages are now Spanish and English. The company believes that the WhatsApp crypto features might lead to mass adoption. By introducing a new method of sending money through a messaging app, this may also be the benchmark for unbanked and underbanked to gain access to payment channels worldwide. Now that crypto on WhatsApp has landed, the big goals for the evolution of cryptocurrencies is simplifying the transactions. Even though many familiar with how crypto works argue that making transactions is already easy, less tech-savvy individuals might not agree. This is what many best cryptocurrency news sites reported over the past days. With a database that counts over 1.5 billion users, WhatsApp adopting crypto is a major milestone. There are many areas to which this service can expand. On another note, the adoption of cryptocurrencies is advancing rapidly, especially when it comes to Bitcoin. The price of Bitcoin and other altcoins obviously reflect this - which is best seen through the recent activity. As the largest coin is maturing, smaller cap cryptocurrencies are following it and posting gains.  
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Bitcoin Quarterly Gains Climb To 2nd Best: New All Time High Could Come

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The Bitcoin quarterly gains have been reviewed by many best cryptocurrency news sites. As of yesterday, its levels have skyrocketed to second best over the past five years, which may be a solid indicator that a new all-time high is on its way. If Bitcoin remains above $8,000 by the end of June, the price may revisit new highs and increase even more. As it is right now, the Bitcoin quarterly gains show that BTC has increased from $4,100 to $8,000 in about a month and a half (since April 1st). The two-fold increase against the US dollar has been reported daily in our latest cryptocurrency news sections. https://twitter.com/CarpeNoctom/status/1130210275469266944 After visiting the lowest point in December 2018, Bitcoin was down about 85% from its all-time high at $20,000. However, the price of BTC rose and the most dominant cryptocurrency has formed a powerful recovery in the second quarter of 2019 which led to the powerful Bitcoin quarterly gains. So far, the price trend of Bitcoin closely resembles the movement of 2017 which was a year in which Bitcoin demonstrated its strongest bull market as it surpassed $20,000 in key markets such as South Korea and other territories. Similarly, Bitcoin began 2017 with a large 40% quarterly gain which was followed by an explosive 80% gain in the second quarter, ending the fourth quarter with gains of 219%. The most dominant cryptocurrency was also able to sustain its momentum throughout 2017 and achieve a new all time high due to the sudden spike in interest. If the Bitcoin quarterly gains over the next month collide, we could be seeing great price action - and possibly a new Bitcoin high. According to industry executives and analysts, a new rally of crypto assets is likely to be led by institutional investors and strategists. Previously, people like these stated that they may have been overly optimistic on the entrance of institutional investors in the past few years. According to Fidelity Digital Assets and their report, the inflow of capital from institutions to crypto may rise over the next five years (potentially increasing the Bitcoin quarterly gains too):
“Almost half of the institutional investors surveyed (47%) view digital assets as having a place in their investment portfolios, but opinions vary on how these investors would prefer to hold digital assets in the future. Across all institutional segments, when considering a custodian for digital assets, 76% of institutions surveyed placed security and safety as their most important considerations,” the report read.
In the altcoin news, the Bitcoin rally triggered a lot of altcoins to mimic it and post strong gains.
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Mike Novogratz Suggests Bitcoin Will Leave Its Peers In The Dust

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Mike Novogratz suggests that the number one cryptocurrency is surging and leaving its peers behind. According to the latest cryptocurrency news, the bitcoin bull shared his opinion on Twitter with the host of the CNBC’s ‘’Crypto Trader.’’ Ran NeuNer, the host of ‘’Crypto Trader’’ posted on Twitter:
 “The market is running but we still haven’t seen the crazy alt pumps, pumps where coins do 40% in a day…is it coming?”
This is when Novogratz joined the conversation responding that things are much different now since the last bull run:
 “Not this time. Market getting smarter. BTC will outperform.”
The dominance on the market by bitcoin is hovering around 57 percent. Back in 2017, the dominance level was nearly 10 percent lower. Mike Novogratz suggests that the crypto markets have matured since the last Bull Run. Since then, regulators cracked down on ICOs and also the freefall of the altcoin prices happened during the crypto winter which was way harsher for them than it was for Bitcoin. Some of the altcoins at that time even lost all of their value. In the meantime, the larger investors now have more options considering there are regulated crypto trading platforms and custody platforms such as Fidelity and Bakkt. Also, the tech giant Microsoft is building on the bitcoin blockchain. The bull scenario for bitcoin is here for sure but altcoins still remain the better options for some of the investors as reported in the best cryptocurrency news sites. Crypto trader ‘’DonAlt’’ posted on twitter saying that he has zero exposure to altcoins. He also noted that the dollar value of the ETH, XRP, LTC, BCH and ADA coins will be significantly higher in six months. Mike Novogratz’s company explained how the volatility around the bitcoin price will be mitigated by saying:
 “Therefore, as bitcoin adoption increases (and bitcoin market cap increases given its fixed, known supply), each incremental adopter will by definition have a decreasing impact on the price of bitcoin, leading to a dampening of volatility in the long run. So, while bitcoin’s volatility is natural and quite expected during its early stage of global adoption, this volatility should not be confused with its expected volatility at mature adoption, whereas its properties make it very much a fundamentally good store of value.”
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