The SEC argued that the rule changes to tackle fraud and manipulation made by BZX exchange did not meet the requirements of Exchange Act and the commission’s existing guidelines.
Another crypto exchange has hired an institutional trading executive. Former NYSE chief information officer soon will join cryptocurrency exchange Gemini.
Experts from the crypto space have backed the DOJ’s investigation in Bitcoin price manipulation saying that it will help to remove unwanted elements from the crypto market.
Crypto markets are now showing some signs of recovery consolidating around $380 billion over the past week.
Winklevoss brothers, who gained global popularity after their trial with Mark Zuckerberg for Facebook ownership, nowadays seem to be major Bitcoin investors, holding about $1.9B in digital assets.
Cameron and Tyler Winklevoss have become virtual currency millionaires. They try to save their bitcoin fortune cutting up their private key and keeping it in different bank vaults.
Although the Winklevoss Bitcoin Trust was initially listed on Nasdaq, Winklevoss brothers have decided to change it to BATS Global Markets.
Bitcoin trading volume at Winklevoss twin’s exchange Gemini has surged more than 40,000% in the three weeks since its launch.
Cameron and Tyler admit to see a lot of potential for bitcoin price to go up – Gemini is supposed to serve as a catalyst.
Winklevoss brothers are waiting for application to be approved by the NYDFS to start Gemini exchange.