Winklevoss ETF Application Rejected by the SEC, Will Other Submissions Be Denied Too?

The U.S. Securities and Exchange Commission (SEC) has rejected an application for a Bitcoin exchange-traded fund (ETF) submitted by the Winklevoss twins. The announcement could be damning for all other ETF applications that have been submitted to the regulator in recent months. SEC Cites Potential Market Manipulation, Lack of Investor Protection, and Security for Rejection […]

Newsflash: Bitcoin Price Slides After SEC Rejects Winklevoss ETF

The bitcoin price careened back toward $8,000 on Thursday after the U.S. Securities and Exchange Commission (SEC) rejected the Winklevoss twins’ second attempt to create a bitcoin ETF and list it on a regulated stock exchange. The bitcoin price had entered the evening trading at approximately $8,300, a mark it managed to hold until shortly […]

Yes, Stablecoins Can Secure Official Audits from Major Firms

“We have nothing to hide,” says Tory Reiss, VP of corporate development at TrustToken. Like the market’s most popular stablecoin, Tether, TrustToken’s TrueUSD is fiat-collateralized. Under this model, each token (in theory) should be backed 1:1 with a corresponding dollar in a related bank account. This model may not play out in practice as it does in […]

Cryptocurrency Market Cap Will Hit $800 Billion in 12 Months: Novogratz

Mike Novogratz, bitcoin advocate and founder of Galaxy Digital, believes that the cryptocurrency market capitalization won’t reach $800 billion by the end of this year, as he previously predicted. However, the billionaire investor maintains that it will do so within the next 12 months. Cryptocurrency Market Headed to $800 Billion in Calendar Year In an […]

Bitwise Files With SEC for Cryptocurrency ETF

Bitwise Asset Management is the latest venture to apply for a cryptocurrency exchange-traded fund (ETF). Called the Bitwise HOLD 10 Cryptocurrency Index Fund, the ETF will track the returns of the company’s HOLD 10 Index, a “market-cap-weighted index of the 10 largest cryptocurrencies” that captures roughly 80 percent of the total cryptocurrency market capitalization. A […]