Cryptocurrency news from around the world and beyond. We cover what happening with cryptocurrency today. We cover things like countries embracing or rejecting cryptos, price milestones for Bitcoin and Alts, new projects, upcoming forks, etc.
After having their Bitcoin ETF proposal rejected by the SEC in January, the Winklevoss twins submitted an updated proposal with a few tweaks. That updated proposal was rejected by the SEC on July 26th. However, there are a number of other ETF proposals on the table.
The CBOE exchange has submitted more than one proposal to the SEC to have Bitcoin ETFs listed. The SolidX shares ETF is on track for its August approval deadline. The Direxion ETFs submitted in January got a deadline extension until September. In short, one of the two deadlines was postponed, but the one that was postponed isn’t the one everyone is excited about.
Many altcoins are approaching their December and April bottoms in terms of BTC prices. With Bitcoin in an uptrend, those levels could act as pivot points and spark some alt runs.
Bitcoin Dominance in the crypto market hit a 2018 high with 45%+ of the crypto market cap being Bitcoin. This occurred due to Bitcoin gaining value in anticipation of a Bitcoin ETF while alts lagged. Let’s discuss Bitcoin Dominance.
The SEC is considering a Bitcoin ETF by the CBOE (one of two exchanges who trade Bitcoin Futures). A decision by the SEC is expected by August 16th. This has major implications in the crypto space.
Barry Silbert, a major player in the crypto space (the founder of Grayscale and owner of CoinDesk for example), says he thinks the bottom is likely in and has data that shows institutional investors are already accumulating.
IBM is working on a Stellar-based stable coin that would be pegged to the US dollar. That doesn’t mean it is ready to launch, that means they are exploring the idea and seeing how a payment system would work on the Stellar platform and blockchain. “There’s this tremendous opportunity to make blockchain payments feasible, especially… Read More
Blackrock is evaluating cryptocurrencies. This news somehow got translated to “Blackrock ready to invest trillions and start a crypto ETF.” The truth is somewhere toward the first point.
Coinbase is exploring adding Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX) to Coinbase and Coinbase Pro for buy / sell / trade.
Robinhood added commission free trading for Litecoin and Bitcoin Cash. This takes it one step further to being a legitimate Coinbase competition.
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