Bitcoin This Week: SEC Delays Deciding Direxion On Bitcoin ETF, BTC Prices And More
Libertarian Will Accept Bitcoin Donations Despite Ban
A candidate for the role of Governor of Wisconsin has vowed to accept donations in Bitcoin and other cryptocurrencies, despite warnings from the State’s ethics committee that such donations could be unlawful. Phil Anderson, who is running on behalf of the Libertarian Party, said that the current confusion over State law on crypto-donations should not “affect the First Amendment right of those who want to show support and contribute” to his election campaign.
New Bank Of England Payment System Will Be Blockchain Friendly
The Bank of England has announced that its new payment system, which it hopes to be up and running by 2020, will be designed to accommodate Fintech companies that employ blockchain technology.
SEC Delays Deciding Direxion On Bitcoin ETF
US regulator, the Securities and Exchange Commission, will not decide on whether to allow five new Bitcoin ETFs to be operated by investment firm Direxion until it has further time to examine the proposals. The SEC now has until the 21st of September to rule on whether it should change its rules to accommodate the company’s planned ETF products.
Bitcoin Fraudster Enters Guilty Plea
The operator behind WeExchange Australia and Bitfunder pleaded guilty to charges of securities fraud and obstruction of justice in a Manhattan Court this week. Joe Montroll has admitted to running the now defunct services to defraud investors, and of failing to disclose a cyber-hack that relieved WeExchange of over 6000 Bitcoins in 2013.
Bitcoin Breaks The $8000 Mark
It’s been a strong week for Bitcoin, with the currency gaining $1000 in value between Monday and Tuesday, although there has been some correction of that price since.
Bitcoin opened on Monday at $7414 and made a steady climb, closing at $7711. However, on Tuesday, the value soared to $8424 from an opening of $7716, before closing very strongly at that peak price. While not making any rapid advances, the price remained steady on Wednesday, keeping above the $8000 mark. Prior to this week, you have to go back to late May to find the last time Bitcoin crossed the $8000 threshold.