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A visual representation of the digital cryptocurrency, Bitcoin, is visible on September 4, 2018 in Hong Kong, Hong Kong (Photo by Yu Chun Christopher Wong / S3studio / Getty Images)
The price of bitcoin plummeted this morning, despite the good news of the adoption of the Lightning network by bitcoins, while investors take precedence over the decision of the SEC. a month on the approval of a bitcoin exchange-traded fund (ETF) – which the SEC had already rejected due to fears of price fluctuations and price manipulation. [19659003] Bitcoin dropped $ 500, or 5%, in minutes, according to CoinDesk data, and taking the price of bitcoin below the psychological threshold of $ 7,000.
The sharp drop in bitcoin prices comes after unconfirmed reports from Business Insider Man Sachs pre sees opening an office for cryptocurrency trading because of the dark regulatory landscape.
The price of bitcoin dropped sharply this morning, bringing with it most of the other major cryptocurrencies. CoinDesk [19659002]
BI said:
According to people familiar with the subject, Goldman decided to open an office for the cryptocurrency trade by following a list of priorities on how he could participate in the cryptocurrency markets.
The bank issued a statement: "We have not yet concluded on the scope of our digital asset offering".
Regulators around the world are wondering how to properly regulate bitcoins, cryptocurrencies, initial coin offerings (ICOs) and cryptocurrency exchanges. Last year, the SEC warned that some of the coins issued in the ICO could be considered securities, which means that their trading should be in compliance with federal securities laws.
Goldman Sachs' decision comes after the support of the price of chips by this year's news, institutional money was about to enter the crypto – and many will now wonder if this money really happened.
Earlier this year, the new general manager added other bitcoin and cryptocurrency services to his wallet. In an interview with Bloomberg Salomon stated that the bank had to "evolve its activities and adapt to the environment"
. , Intercontinental Exchange (ICE), plans to deploy a bitcoin ETF as part of its cryptocurrency platform Bakkt and in partnership with the Starbucks coffee chain, the Microsoft and Boston software giant Consulting Group.
Yesterday, Abra crypto startup CEO told CNBC t the reason the SEC refused to crypto ETF is because the cryptographic industry does not match the archetype of the applicant.
Bill Barhydt suggested that the SEC rejected crypto ETF applications because "the people who make the applications do not fit the mold that the SEC is used to approving."
It was suggested to introduce a xchange registration process ShapeShift may have scared some users and "added fuel" to the sale.
Bitcoin climbed to nearly $ 20,000 last year but was heavily sold in 2018. -Decause lower than about $ 5,800 and sparking a wider sale of the larger crypto market -change.
On the other hand, other important cryptocurrencies, including Ether, ripple, cash bitcoin and Ethereum EOS, were also severely affected this morning – at least 10%.
Most cryptocurrencies have been closely related to bitcoin this year. The massive sale of Ethereum was largely attributed to the large number of ICOs that were put into service on the Ethereum blockchain last year, and many of them have bailed throughout the year 2018.
] CoinMarketCap.com
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A visual representation of the digital cryptocurrency, Bitcoin, is seen on September 4, 2018 in Hong Kong, Hong Kong. (Photo by Yu Chun Christopher Wong / S3studio / Getty Images) [19659022] The price of bitcoin fell in free fall this morning, despite the good news of the adoption of the Lightning network by bitcoins, while investors take the step on approval of an exchange traded bitcoins (ETF) – something the SEC had previously rejected because of fears of price fluctuations and manipulation of Bitcoin prices.
00, or 5%, in minutes, according to the data of e CoinDesk, and taking the price of bitcoin under the $ 7,000 psychological bar.
Sharp drop in Bitcoin price comes from unconfirmed information from Business Insider Sachs plans to create an office for cryptocurrency trading due to the dark regulatory landscape.
The price of bitcoin fell sharply this morning, bringing with it most other major cryptocurrencies. CoinDesk
BI said:
According to people familiar with the subject, Goldman decided to open an office for cryptocurrency trading later in a list of priorities on how he can participate in cryptocurrency markets .
The bank issued a statement: "We have not yet concluded on the scope of our digital asset offering".
Regulators around the world are wondering how to properly regulate bitcoins, cryptocurrencies, initial coin offerings (ICOs) and cryptocurrency exchanges. Last year, the SEC warned that some of the coins issued in the ICO could be considered securities, which means that transactions should comply with federal securities laws.
The decision of Goldman Sachs comes after the support of the price of crypto tokens by the news of this year, the institutional money was about to enter the crypto – and many will now wonder if this money has really arrived .
Earlier this year, the new general manager added other bitcoin and cryptocurrency services to his wallet. In an interview with Bloomberg Salomon stated that the bank had to "evolve its activities and adapt to the environment"
. , Intercontinental Exchange (ICE), plans to deploy a bitcoin ETF as part of its cryptocurrency platform Bakkt and in partnership with the Starbucks coffee chain, the Microsoft and Boston software giant Consulting Group.
Yesterday, Abra crypto startup CEO told CNBC t the reason the SEC refused to crypto ETF is because the cryptographic industry does not match the archetype of the applicant.
Bill Barhydt suggested that the SEC rejected crypto ETF applications because "the people who make the applications do not fit the mold that the SEC is used to approving."
It was suggested to introduce a xchange registration process ShapeShift may have scared some users and "added fuel" to the sale.
Bitcoin climbed to nearly $ 20,000 last year but was heavily sold in 2018. -Decause lower than about $ 5,800 and sparking a wider sale of the larger crypto market -change.
Incidentally, other important cryptocurrencies, including Ether, ripple, cash bitcoin and EOS from Ethereum, were also hit hard this morning – at least 10% .
The massive sale of Ethereum was largely attributed to the large number of ICOs that went into operation last year by Ethereum, many of these investors having bailed out throughout 2018.
] CoinMarketCap.com
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