bitcoin Bitcoin Opinion Donald Trump Mick Mulvaney regulation sec United States 

Bitcoin “Not Manipulable by Any Government”

This week, following the scheduled leave of John F. Kelly, United States President Donald Trump has chosen the pro-Bitcoin Mick Mulvaney to serve as the acting White House Chief of Staff beginning 2019. According to the Washington Post columnist Matt O’Brien, Mulvaney has been vocal about his support of Bitcoin (BTC) and in a speech covered by Mother Jones praised the decentralized nature of Bitcoin as a consensus currency. In 2016, Mulvaney reportedly said that the Federal Reserve “effectively devalued the dollar” and emphasized that the exercise of such control is…

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Airfox ICO News Paragon sec 

ICO Death March? November Inflows Fall to $65M From 2018 High of $2.6 Billion

The latest statistics on initial coin offerings suggest that the best days of the fundraising mechanism may have long passed. According to digital assets newsletter Diar, the month of November recorded the lowest inflows into initial coin offerings (ICOs) in 2018. With US$65 million raised last month, this was in sharp contrast to this year’s best-performing month, February, when US$2.6 billion was collected. It is also a tiny fraction compared to the US$12.2 billion that has been raised so far this year in ICO issuances. Prior to November, the worst-performing…

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bitcoin etf Gabor Gurbacs regulation sec VanEck 

As Expected, SEC Delays VanEck Bitcoin ETF Decision Until February 27

The Securities and Exchange Commission delayed making a decision on VanEck’s bitcoin ETF (exchange-traded fund) application until February 27, 2019. The postponement was largely expected, as 2018 draws to a close amid the ongoing crypto bear market. “The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider this proposed rule change,” the SEC announced in a December 6 statement. Just hours earlier, Gabor Gurbacs — VanEck’s director of digital asset strategy —…

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bitcoin Bitcoin Analysis ETF sec 

Don’t Wait on Bitcoin ETF, Could Take Days to Years

Since early 2018, the approval of a Bitcoin exchange-traded fund (ETF) has become the catalyst of the next bull run of crypto to the mind of many investors in the market. A Bitcoin ETF could certainly increase the liquidity of the dominant cryptocurrency in the U.S. market as it would allow both institutional and retail investors to securely and efficiently invest in the asset class without running in conflict with local regulations. However, according to pro-crypto U.S. Securities and Exchange Commissioner (SEC) Hester Peirce, the approval of a Bitcoin ETF…

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bitcoin Bitcoin Analysis Bitcoin Price News sec Steem 

Lack of Momentum Leads Crypto to Drop

CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Over the past 24 hours, the Bitcoin price has dropped by more than five percent from $4,265 to $4,030, demonstrating a decline in daily volume. On fiat-to-cryptocurrency trading platforms like Coinbase and Bitstamp, the dominant cryptocurrency was dangerously close to dipping below the $4,000 support level. A drop below the $4,000 mark could disallow a short-term corrective rally to the mid-$4,000 region in the short-term, several analysts said. $4,000…

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coinbase Crypto ICO regulation sec 

Social Media Influencers Who Promoted Crypto ICOs

CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. The U.S. Securities and Exchange Commission (SEC) is actively cracking down on crypto initial coin offering (ICO) projects and a top official said earlier this year that dozens of cases are pending. The next wave of enforcement by the SEC, stimulated by its recent settlement with professional boxer Floyd Mayweather and music producer DJ Khaled, is expected to be on social media influencers who have promoted ICOs to the general…

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Bitcoin Crime Bitcoin Regulation centra tech DJ Khaled Floyd Mayweather ICO News sec 

Floyd Mayweather, DJ Khaled Knocked out by SEC Probe into ICO Promos

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Pro boxing champ Floyd Mayweather Jr. and music producer DJ Khaled agreed to pay the Securities and Exchange Commission a combined $767,500 to settle charges of illegally promoting ICOs. These are first cases the SEC has brought violations involving ICO promotion. The SEC noted that using celebrity endorsers was a crucial part of the ICO issuers’ promotional strategy. In a November 29 statement, the SEC said Mayweather and Khaled each…

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Altcoin Analysis BAT Bitcoin Cash coinbase ERC20 sec 

Crypto Market Continues Slow Bleed Out But Tokens Record 20% Gains

Twitter Facebook LinkedIn Over the past 24 hours, the crypto market has lost about $4 billion of its valuation against the US dollar. Major cryptocurrencies like Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Ripple (XRP) extended their losses by 2 to 8 percent. The price of BCH dropped from $236 to $215, by nearly nine percent. In the last two to three hours, BCH, BTC, ETH, and XRP demonstrated a slight recovery in both volume and price, but the momentum of the entire market remains a concern to short-term…

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Airfox Blockchain News ICO Jake Chervinsky Paragon sec 

Phase Two of SEC’s Enforcement is Slow Painful Grind For Crypto

Twitter Facebook LinkedIn According to Kobre & Kim government enforcement defense and securities litigation attorney Jake Chervinsky, the second phase of the US Securities and Exchange Commission (SEC)’s enforcement on crypto is a painful and slow grind for the sector. Earlier this week, the US SEC cracked down on Paragon and AirFox, two initial coin offering (ICO) projects that raised $12 million and $15 million respectively in two different areas of the crypto market. The SEC is said to have targeted EtherDelta, Paragon, and AirFox as guidance settlements and to…

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bitcoin Bitcoin & Blockchain Investments Bitcoin Analysis bitcoin etf sec VanEck 

Bitcoin ETF Could Attract Billions in New Investment: VanEck

Twitter Facebook LinkedIn A bitcoin ETF could attract billions of dollars in new investments, so the Securities and Exchange Commission (SEC) should treat pending proposals as an opportunity to regulate the crypto market, said crypto exchange-traded fund advocate Gabor Gurbacs. Gurbacs, the director of Digital Assets Strategy at VanEck, made this claim during an interview with CNBC Africa’s Crypto Trader. The comments came in the wake of VanEck’s persistent requests to the US securities regulator to approve their bitcoin ETF proposals. The SEC so far has rejected nine similar proposals,…

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