SEC Halts Trading of XBTProvider’s Bitcoin and Ether ETFs

The U.S. Securities and Exchange Commission (SEC) has suspended trading in two Bitcoin and Ethereum investment products until September amid confusion over their nature. Bitcoin Tracker One and Ether Tracker One are characterized by broker-dealers as exchange-traded funds (ETFs), which legally mean listed funds that track a basket of assets. However, the products’ issuer, XBTProvider, states the […]

Cryptic Labs Adds Two Nobel Prize-Winning Economists to Advisory Board

Blockchain research institute and accelerator Cryptic Labs is adding two Nobel Laureates to its team of advisors. The additions, economists Dr. Eric S. Maskin and Sir Christopher Pissarides, are professors at Harvard University and the London School of Economics, respectively. They join Cryptic Labs’ Chief Scientist Dr. Whitfield Diffie, who won the 2015 Turing Prize […]

ICO Funding Reaches 2018 Low, Levels Not Seen Since April 2017

A new research report from a leading independent fintech research firm says that funding for initial coin offerings (ICOs) has reached a 2018 low – levels not seen since April 2017. ICOs: From Business Boom to Burgeoning Bust ICOs were positioned as the trendy new way for startups to crowdfund their ambitious blockchain projects without […]

Bitcoin News Summary – September 10, 2018

The post Bitcoin News Summary – September 10, 2018 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds.  News came out earlier this week that investment bank Goldman Sachs was cancelling its plans for a Bitcoin trading desk. However, Goldman Sachs refuted the report, calling it “fake news.” […]

Weak User Counts Signal ‘Panic Sell’ For Most Cryptocurrency Tokens: Researcher

Last week, cryptocurrency researcher Kevin Rooke questioned the ability of Ethereum and EOS to support decentralized applications (dApps), given the dearth of users on those blockchains. Now he’s wondering if most cryptocurrencies are getting enough use. He recently observed in a tweet that only 27 cyrptocurrency tokens had 400 or more active users in a […]

Australia’s ASIC Reaffirms Crypto Protection Stance Without Stifling Innovation

The main Australian financial regulator has just published its 2018 to 2022 corporate plan. In the document, the Australian Securities and Investments Commission (ASIC) states that it will keep a watchful eye on cryptocurrency and will regulate it to minimise harm whilst preserving the innovative potential of the space. ASIC’s Focus on Harm Reduction Consistent […]