Bitcoin and Ethereum prices are going down while investors and traders are holding their breath in the run-up to the May 7 SEC hearing.
Ohanian says that the flexibility that the Ethereum platform provides its developer to build decentralized applications makes it to be a bigger bet over Bitcoin.
Nasdaq said that for them to enter the crypto-exchange business they would for the regulatory framework to become more strong and promote a healthy and stable environment.
Owing to a lot of favorable events lined-up in the crypto markets, they are poised to make a comeback in the Q2 of 2018.
The Securities and Investment Subcommittee met to discuss possible ways to tackle ICO-connected issues, while some just snatched an opportunity to castigate digital currency as a phenomenon.
Crypto markets are now showing some signs of recovery consolidating around $380 billion over the past week.
Each PAX token is pegged at $5 and will be sold exclusively on the company’s website and will be later available to trade across multiple exchanges.
As a part of the agency’s months-long probe into the nascent crypto fundraising mechanism, SEC has subpoenaed the online retailer Overstock and requested for additional information about the company’s ongoing $250 million ICO for its tZero alternative trading system.
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 heads of both the institutions sounded much positive on the Blockchain technology and talked about the need of regulatory approach while dealing with cryptos.
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.
After a major slump and correction, Bitcoin price pulls back giving a major relief to investors.