Bitcoin ETF Rejected

The Securities and Exchange Commission (SEC) rejected the Winklevoss twin’s bid to list their Bitcoin exchange-traded fund (ETF) citing concerns that Bitcoin’s largest markets are unregulated and pose risk of “fraudulent and manipulative acts”. The price of Bitcoin fell sharply following the announcement, but has since recovered much of those losses. […] continue reading »

Two Major Chinese Bitcoin Exchanges Pause Withdrawals – Bitcoin Crashes

The price of bitcoin crashed today after the bitcoin exchanges OKCoin and Huobi each announced that they were temporarily pausing withdrawals. The reason given for the pause is to allow time to upgrade systems in order to fully comply with “anti-money laundering, foreign exchange management and payment and settlement and other financial laws and regulations”. […] continue reading »