While bitcoin has recently suffered some defeats in the U.S. at the hands of the SEC, not all news has been bad news. In a major move for bitcoin legitimacy, Japan has recognized bitcoin as a legal payment method on April 1. (And no, it...
This past week proved once again that it’s tough to be a bitcoin fan. In another blow to bitcoin legitimacy, the U.S. Securities and Exchange Commission (SEC) has denied the second bitcoin-based ETF bid up for consideration in the month of March — the Intercontinental...
In another blow to bitcoin legitimacy, the U.S. Securities and Exchange Commission (SEC) has denied the second bitcoin-based ETF bid up for consideration this month — the Intercontinental Exchange, Inc.’s NYSE Arca exchange’s request to list and trade the SolidX Bitcoin Trust. Once again, the...
Bitcoin prices suffered further losses this past week. As the reality of the Securities and Exchange Commission (SEC) rejection sunk in, concern among investors has grown amid signs of an impending hard fork — a “great schism” of bitcoin, if you will. While last week the popular...
The year 2017 so far has been a pretty bumpy ride for bitcoin investors, and right now it looks like we’re ascending the latest hill in the roller coaster ride that is the world’s most popular cryptocurrency. Last week, bitcoin looked to have recovered from...
Three days into what can only be termed a rout, shares of bitcoin have stabilized — if we accept the skewed maxim that one day’s trading makes a trend. Reuters noted Monday that the digital currency gained at least some traction, after the previous three sessions slammed...
China’s central bank is expected to proceed with new bitcoin regulation that will require exchanges to identify clients and follow banking guidelines. MarketWatch reported that the increased scrutiny from the central bank has led many bitcoin exchanges to suspend withdrawals from their platforms and impose...
It has been another wild ride of a week for bitcoin in the wake of the SEC ruling. At the tail end of last week, the Securities and Exchange Commission ruled the proposed Winklevoss bitcoin ETF a no-go by nixing a proposed rule change that...
By rejecting a rule change proposal, the SEC has nixed bitcoin’s debut as an exchange-traded fund, at least for now. And with the currency as a standalone entity, will virtual luster fade?
