AllCryptoNews was subject to an examination on Sunday. This included a refusal to respond to the Winklewoss brother's questions at the launch Bitcoin-ETF. The secret meeting took place in Chicago to discuss the legitimacy and validity of cryptocurrencies. It also marked the 5th anniversary of Pantera Capital's presence as well as other key events of the week.
Bitcoin's price
After consolidating its positions, bitcoin trades at around $ 8,200, an almost 10% increase, as compared to Sunday night.
The chart shows that the first cryptocurrency climbed Monday with a mark of approximately $ 7,500 with hypixel skyblock coins. It then surpassed the psychological barrier of $ 8000 the next day, and eventually reached $ 8,500.
The subsequent Skyblock coins shop correction caused bitcoin to fall to $ 8100-8200 levels. Analysts expected that it would be fixed at this level before any new upward movement. These hopes were shattered by the Winklewoss brothers' refusal to launch a bitcoin exchange traded fund - bitcoin fell to $ 8100-8200 against this backdrop. At one point, it was barely moving to $ 7,800.
The fall didn't last long. On Friday night, cryptocurrency rose quickly again. It returned to $ 8,200 on Friday, its previous level. This is a sign of a healthy volatility, with hundreds fluctuating and only a tiny dollar moving up or down.
VeChain (+ 45%), Coin Binance (+ 12.5%), Zcash (10.5%), Tron (+ 9.6% 5.4%) are among the top 20 digital assets.
This week, the total market capitalization has increased several times to $300 billion. It is now just below that level. Bitcoin's capitalization is currently $ 141 billion, 47% of total.
The Winklewoss brothers were repeatedly denied by the SEC the launch of the bitcoin ETF.
The request by brothers Tyler and Cameron Winklewoss for a stock investment fund was rejected again by the United States Securities and Exchange Commission on Thursday, July 26.
Since June 2016, the Winklewos brothers have been calling for the opening the Winklevoss Bitcoin Trust. They sent a request to amend BATS Global Exchange rules, requesting that the fund's shares be traded. More about Hypixel Skyblock Coins For Sale.
The SEC rejected the first request in March 2017. As explained by the SEC, the SEC stated that the proposed changes to the rules of the stock market cannot be accepted because they are not regulated in most bitcoin-markets. The Commission also stated that BATS Global Exchange (BZX), has not and cannot currently sign a similar monitoring agreement to the one for all approved exchange products in order to prevent fraud and tampering.
BZX appealed the decision shortly after it was received. Additionally, additional comments were submitted to the Commission. The new document clearly shows that the regulatory authority still faces the same risks as earlier identified by the Commission. However, this decision is not meant to be an assessment of all cryptocurrency or blockchains. It only refers to the Bitcoin Trust Winklevoss.
Notable is the fact that Haester Pierce, the authorized representative to the SEC, expressed almost immediately his disagreement with his department.
Bitcoin isn't yet mature enough, respected enough, or regulated sufficiently to be worthy of our markets. I say: https://t.co/gH5zXaKtmj
- Hester Peirce (@HesterPeirce) 26 i 2018lia 2018 g.
SEC's authorized representative pointed out that the Winklevoss Bitcoin Trust, at the request from the Winklewoss Brothers, will impose obligations on market makers and register them to prevent fraud and manipulation. BZX stated that it would close down Bitcoin-ETF activities if they became a threat for market stability.
All this proves that the BATS Global Exchange proposal conforms to section 6(b)(5). Contrary to what the Commission has decided, I believe the rule change proposed is in line to the normative standard. Therefore, we must give BZX permission for Bitcoin-ETFs to be launched. She said so.
Haister Pearce says that another reason why the SEC is refusing to launch Bitcoin ETFs is the bitcoin market issue. This refers to the differences in stock exchange prices. He believes that the creation of a stock-exchange-based investment fund for Bitcoin will allow arbitrage transactions to be made and equalize prices on different sites.
Hester Pir pointed out that investors cannot access the stock market "through a stock exchange offering predictability and transparency", and that the SEC does not welcome new solutions to the US market. It is possible that the consequences of the opposition by the Commission could be more extensive than the issue being considered.
Wall Street speaks out about legitimizing cryptocurrency
This week, the Nasdaq Exchange hosted a closed-door meeting in Chicago where representatives from both traditional finance and bitcoin exchanges discussed ways to legalize cryptocurrency. Bloomberg reported this citing a source who was familiar with the events.
According to reports, the meeting was attended both by Wall Street companies and large cryptocurrency investors, such as the Gemini Winklosov brother.
According to the source, the purpose of the meeting was to discuss measures that would allow the crypto-industry improve its reputation and prove its worth in global markets. We also discussed the possible consequences of market regulation in the future and the tools required to monitor this sector.
Bloomberg sources also stated that it is not the last time cryptocurrency will be discussed at a meeting, and that participants are open to discussing other issues in the dialog mode.
web: https://buyskyblockcoins.com
social link
https://www.instapaper.com/read/1481764865
https://writeablog.net/5frmrxnp4v
https://docs.google.com/document/d/1fV6DyLCD0u5VQXcpqbwmlQErFoNXLSz1ytCJxWAUQYc/edit?usp=sharing