Are VanEck ‘ETF’ and Bakkt Catalysts to Take Bitcoin to 2019 High Again?

Primarily targeting institutional investors, VanEck and SolidX are reportedly selling a “limited version” of a bitcoin exchange-traded fund (ETF) after every bitcoin ETF proposal has been rejected by the Securities and Exchange Commission (SEC) to date. According to the VanEck SolidX Bitcoin Trust 144A Shares proposal, qualified institutional buyers (QIBs) will be able to purchase […] The post Are VanEck ‘ETF’ and Bakkt Catalysts to Take Bitcoin to 2019 High Again? appeared first on CCN Markets

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SEC Lets Crypto Play, Clears Gaming Company to Sell Tokens 

Pocketful of Quarters (PoQ) can breathe a sigh of relief today. The SEC announced that it will not take action against the gaming rewards company. This is only the second time the SEC has issued a “no-action” notice to a token seller.  In the notice, Jonathan Ingram, chief legal officer for the SEC’s FinHub, wrote,  […] The post SEC Lets Crypto Play, Clears Gaming Company to Sell Tokens  appeared first on CCN Markets

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Bitcoin in Crosshairs as SEC & DOJ Drop Hammer on Crypto Firm Longfin

By CCN: The “crypto” startup Longfin Corp. got spanked by both the SEC and the DOJ for fraud amid a broader regulatory crackdown on bitcoin-related financial crimes. Specifically, Longfin’s CEO, Venkata Meenavalli, is accused of inflating the company’s revenue by $66 million in order to fraudulently secure a listing on the Nasdaq in 2017. Prosecutors Say Longfin Cooked the Books The Securities and Exchange Commission also accused Longfin executives of insider trading, saying they illegally sold $33 million of stock in unregistered transactions. While the screaming headlines suggest that the…

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New US Chief of Staff: Bitcoin is Good, ‘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 The post New US Chief of Staff: Bitcoin is Good, ‘Not Manipulable by Any Government’ appeared first on CCN

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Dallas Crypto Startup Ordered to Repay Investors $2.7 Million on Defrauding Charges

The Dallas-based crypto startup AriseBank has been ordered to repay investors to the tune of $2.7 million to fix allegations that the firm was defrauding their investors. Authorities have finally put an end to the ongoing AriseBank saga that has been hanging over the heads of the startup’s founders Stanley Ford and Jared Rice for The post Dallas Crypto Startup Ordered to Repay Investors $2.7 Million on Defrauding Charges appeared first on CCN

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ICO Death March? November Inflows Fall to $65M From Yearly 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 … Continued The post ICO Death March? November Inflows Fall to $65M From Yearly High of $2.6 Billion appeared first on CCN

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

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 post Crypto Market Continues Slow Bleed Out But Tokens Record 20% Gains appeared first on CCN

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Brian Kelly: If You’re Selling Bitcoin Because of ETF Delay, You’re Doing it Wrong

CNBC Fast Money contributor and BKCM CEO Brian Kelly has firmly emphasized that while bitcoin has seen a massive decline in price over the last 24 hours, investors selling the dominant cryptocurrency based on the delay of SEC in approving the first bitcoin ETF are doing it wrong. Bitcoin Drops 12% While EOS, Bitcoin Cash The post Brian Kelly: If You’re Selling Bitcoin Because of ETF Delay, You’re Doing it Wrong appeared first on CCN

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