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US will not be one of the next countries to accept the cryptocurrency. However, it will only be a matter of time before this event would happen.
The Bitcoin ETF currently sitting before the SEC now has an IPO of $1 billion, twice its previous amount.
Ethereum and Dash both are to pass the $100 threshold, various factors work in their favor.
As Bitcoin and Ethereum ETFs go before regulators, two quadruple leverage fiat-based options have received the all-clear to operate.
In his opinion, Matthew Thompson of Coinigy thinks that there is a 50-50 chance of Bitcoin hitting the $2,000 mark in 2017.
Bitcoin price surpassed its previous all-time high to achieve $1,377, then dropped five percent across major Bitcoin exchanges in Japan and the US including Bitstamp and Bitflyer.
The Winklevoss Twins’ Bitcoin ETF is getting a second chance as the US SEC reconsiders the original decision to reject it.
The lack of regulation or maturity are cited as reasons by regulators for not approving Bitcoin-based financial products. But the same financial institutions refuse to regulate them.
Bitcoin’s sustained price increase is seeing it approach pre-ETF highs, testing $1250 once more.
US Securities and Exchange Commission (SEC) officially rejected the second Bitcoin ETF proposal.
BATS Global Markets, a global stock market exchange based in the US, plans to appeal the March 11 decision of the Securities Exchange Commission to turn down the approval of the Winklevoss twins’ bitcoin ETF COIN.
Contrary to the predictions of most analysts, Bitcoin price recovered almost immediately after the disapproval of the Winklevoss twins’ Bitcoin ETF COIN, stabilizing at $1,225.
People’s Bank of China director Zhou Xuedong has released specifics of his thoughts about Bitcoin regulation in the wake of the ETF refusal.
Those who use Bitcoin as a currency should be happy with the decision as removing such a large number of Bitcoin from circulation will make it even less stable.
Following the rejection of the Winklevoss Bitcoin ETF, it is not clear what the fate of the others filing for approval.
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