News

SEC President Bitcoin May Be Enough For ETF

SEC Başkanı Bitcoin ETF İçin Yeterli Olabilir

In a recent interview with Fox Business, US Securities and Exchange Commission President Jay Clayton added that Bitcoin and the crypto have a lot of potential and that "the Bitcoin ETF can fulfill its rules."

”I think that this technology has made a very important promise and has already shown it, but it gives important promises where it is consistent with our approach to raising capital in the past,“ he said.

Seven commentary letters sent to the SEC give feedback on the VanEck / SolidX Bitcoin ETF proposal and highlight concerns about market manipulation.

The notification of the SEC's rule change was met with mixed reviews, mostly negative.

Dina Pinto writes:

Or In my opinion, Bitcoin has not yet had a solid foundation for a serious product like ETF. Volatile is manipulated by very few people and has no real use. By accepting this offer, I can see that many people are hurt both financially and otherwise. In my opinion, this proposal must be rejected. "

D. Barnwell called on the SEC to make a decline without hesitation.

Uzun I would like to mention my inability to endorse this Bitcoin ETF and ask the SEC to take a much longer horizon to get a 'watch and wait approach' to see if Bitcoin is worth to become a financial product with all the positive and negative aspects. “

The only positive answer that Sami Santos gave,

. It is contradictory to the argument that the SEC has not yet endorsed the protection of the ETF and does not consider the protection of investors as essential, because without an investment fund, the investor is inclined to buy bitcoins and lose their investments in the stock exchanges (bitcoin). VanEck already offers insurance to cover possible losses and therefore the investor will be interested to invest in ETF fund. So I don't see any reason to disapprove of VanEck ETF and Bitwise. "

President Clayton said he is also interested in a market manipulation and a network of crypto currency exchanges.

”What I'm worried about right now is that in a reasonable way that the basic trade is not manipulated in general, it is in reliable places with good rules and custody is something we can feel comfortable about.“

The Cboe BZX Stock Exchange has temporarily withdrew its application to the VanEck / SolidX Bitcoin ETF in January during the government's closure. It was resubmitted in February and re-started three weeks' time with public feedback. The SEC was now forced to make a decision or make an extension decision by 5 April.

If approved, the ETF will purchase the SolidX Bitcoin shares owned by VanEck SolidX Bitcoin Trust.

A Bitcoin ETF from Bitwise Asset Management is being reviewed by the SEC. The deadline for a decision is April 5th.

Related Topics:Bitcoin Bitcoinnews Bitwise blockchain blockchainnews BreakingNews crypto cryptocurrency cryptocurrencynews ETF the kriptoparahaber heading sec solidx

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SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

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Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph