Crypto market rebounds, with the world’s largest cryptocurrencies spiking. This follows the news from the US SEC which does not consider Ethereum a security.
Looking to the huge demand in the crypto space, several banks are now starting to offer investment and cold storage services for digital currencies.
The Securities and Exchange Commission charged former cryptocurrency exchange BitFunder and its founder with fraud. Jon Montroll tried to cover up stolen currency and lied about knowing when theft occurred.
The New York Stock Exchange wants to launch new Bitcoin-related exchange-traded funds (ETF) on Arca. If the SEC approves it, NYSE will become the third American exchange to offer Bitcoin futures contracts.
NYSE Arca has recently filed a proposal with the SEC to list two Bitcoin Exchange Traded Funds (ETFs) on its platform.
Bitcoin exchange-traded funds are unlikely to be introduced to the stock market in the near future, as the SEC denies bitcoin ETF for the second time in a month.
Bitcoin price dropped just as the SEC unveiled its decision but managed to recover quickly keeping close to $1,200 barrier.
The Securities and Exchange Commission has denied a request to launch the Winklevoss Bitcoin Trust ETF, prompting bitcoin price to fall by 35% within a day.
The price of virtual currency has been climbing as the Securities and Exchange Commission is on the way to approve the first bitcoin exchange-traded fund.