Pending US SEC ETF Decision could cause Market Boom

2018-10-9 11:03

The United States Security and Exchange Commission has been sitting on cryptocurrency related decisions, perpetually pushing back dates and causing much consternation in the blockchain and cryptocurrency communities.  

The SEC’s next date is looming and supposedly by October 26th a decision could be made. There has been optimism in recent days about the decision after the SEC showed an openness to argument supporting or opposing the Bitcoin ETF proposal.

Ran Neu-Ner is a cryptocurrency expert, entrepreneur and media personality.  He founded

Onchain Capital, a crypto investment and advisory business and was previously the CEO and founder of The Creative Counsel, one of South Africa’s biggest advertising agencies. His show Crypto Trader is on CNBC Africa and he has an influential voice in the field.  

He thinks Bitcoin is about to take off.  In fact, he senses a bull run so much that he just bought more.  He tweeted on October 7th,

“I just bought Bitcoin for my parents. It’s too obvious that it’s about to explode…”

Later that day he added some clarity to his point with another tweet.

“Last year,around this time,BTC went from $6691 (Nov 11) to $20000 (Dec 17) in 5 weeks.This on the back of the expectation and launch of a cash settlement BTC futures contract. An ETF is a way bigger deal & requires actual purchase of BTC.2 looming SEC decision deadlines ahead.”

The market was fueled on the ETF hype in the past and as the decision looms another bubble could build up.  According to Forbes’ interactive Bitcoin price estimator, the price of the digital asset should be climbing in the coming months and possibly even doubling by the middle of 2019.  

However some think the crypto community should not get their hopes up. Jake Chervinsky knows how these decisions tend to go, he is a government enforcement defense and securities litigation attorney and also tweeted on the subject.  

“The deadline is for the public to submit statements of support or opposition, *not* for the SEC to finish its review (& the deadline is Nov. 5, not Oct. 26). The SEC will then review the statements & write an order. Could be a while.”

This decision could linger on, and it will surely cause a lot of anxiety in the meantime.  

The post Pending US SEC ETF Decision could cause Market Boom appeared first on ZyCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Global Cryptocurrency (GCC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0013699 (-100%)

decision could sec cryptocurrency pending market cause

Источник: zycrypto.com

decision could → Результатов: 62


Ethereum Foundation Security Head Echos Removal of ASIC Mining Hardware from ETH

Ethereum Security Lead Joins Effort To Oust Blockchain’s Big Miners There is a strong movement building inside of the Ethereum network to block ASIC miners. As many users believe that the decentralization is important, they seem concerned that ASIC miners could centralize the decision on the network too much and, because of this, some people […]

2018-10-1 00:57


Bitcoin Price Watch: Could Today’s Rise Signal the Currency’s Return?

At press time, the largest cryptocurrency by market cap is trading for over $6,400. That’s about $200 higher than where it stood 24 hours ago. Yesterday, we discussed that bitcoin had dropped significantly in reaction to the Security and Exchange Commission (SEC) postponing its decision regarding the bitcoin ETF submitted by VanEck. Up to that […]

2018-8-10 20:29


Фото:

The SEC Is Delaying Another Bitcoin ETF Decision

The United States Securities and Exchange Commission (SEC) is in no hurry to review the pile of Bitcoin ETF filings it has been accumulating over the past year. Not three weeks since postponing its decision on five other Bitcoin ETFs, the SEC has indicated in a public statement that it will be delaying its decision to approve or reject SolidX Bitcoin Shares until late September.

2018-8-8 17:15


Notes on Blockchain Governance

In which I argue that “tightly coupled” on-chain voting is overrated, the status quo of “informal governance” as practiced by Bitcoin, Bitcoin Cash, Ethereum, Zcash and similar systems is much less bad than commonly thought, that people who think that the purpose of blockchains is to completely expunge soft mushy human intuitions and feelings in favor of completely algorithmic governance (emphasis on “completely”) are absolutely crazy, and loosely coupled voting as done by Carbonvotes and similar systems is underrated, as well as describe what framework should be used when thinking about blockchain governance in the first place.

2018-7-21 23:03


дальше еще 13 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Donald Trump Declares Support For Cryptocurrency Companies – Details

Former US President and Republican Presidential candidate Donald Trump has pledged to support cryptocurrency companies if re-elected. This announcement comes as the American billionaire challenges incumbent President Joe Biden, whose administration seems to be reversing its stance on crypto policy.