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Bitcoin ETF Rejected By SEC Causing A Shockwave Through The Markets

A long awaited decision regarding the passing of a potential Bitcoin Exchange Traded Fund (ETF), established by the Winklevoss twins has been made by the United States Securities and Exchange Commission (SEC). The decision to reject the ETF has been made by the SEC, causing a shockwave through the markets. This is the second time the Winklevoss twins have had a Bitcoin ETF rejected by the SEC, calling into question their justifications for this second attempt. Within this, the twins wanted to receive permission to list the world’s first Bitcoin ETF on their cryptocurrency exchange, Gemini. According to CNBC: “Last...

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Market Update - A Down Swing For BTC, XLM And LTC Whilst VEN Hits The Moon

We very almost saw an entire working week of positive movements, it was close, but now it seems we have just about missed out. The norm is back, figures are falling and the markets look to be set in a downward trajectory for the foreseeable future. This seems to be the result of some negative new stories that have hit headlines today, stories that have shaken the foundations of the markets somewhat and have caused prices to tumble. Alternatively, this could simply be down to correction, if this is the case, we might well see prices take an upswing once...

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Bitcoin (BTC) Likely To Find A Bottom between $5,000 And $3,000 This Year

Bitcoin (BTC) has run into resistance and now appears to have topped out once again as it sets for a pullback. EMA alignment for BTC/USD on the daily chart above continues to remain bearish. The price action is showing signs of weakness as the bulls lose momentum at the strong downtrend resistance. RSI on the daily chart has also reached overbought levels. Furthermore, the RSI is trading in a rising wedge, a bearish indicator which means the price is likely to retrace strongly in the next few days. A rejection at this point would prepare Bitcoin (BTC) for its next...

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This Reddit Clone Is Using Bitcoin To Help You Become A Memelord

Introducing ThunderMessage, a new blockchain based Reddit style platform the utilises the power of Bitcoins Lightning Network. The platform allows users to interact by posting messages, comments and general content within which users can browse, comment on and importantly, up vote/down vote. As you know, those who receive high levels of up votes are considered demi-gods by the internet masses and those who receive high levels of down votes, well, they are considered to be inferior to say the least. The interesting concept behind ThunderMessage (and indeed, its link with the lightning network) is that in order to pass a...

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Authorities In India Admit They Recognise Bitcoin As A Legitimate Currency

As we should all know by now, cryptocurrency in India is taking a bit of a hit. With the Reserve Bank of India (RBI) ruling against it and the supreme court looking likely to do the same thing, by the end of September cryptocurrency could seriously hit a dead-end in the country. Reports out today however highlight that the Law Commission of India, a branch of the Indian government, responsible for enabling legal reform have stated that actually, cryptocurrency should be recognised as a viable currency with store value and thus is something that should be regulated, not banned. This...

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