Daily crypto: Applications for bitcoin ETFs are rejected and the biggest currencies are dipping

The U.S. Securities and Exchange Commission (SEC) has recently reviewed a number of applications regarding crypto ETFs.

Several decisions have been postponed and also Canada’s largest investment firm has stated that there will likely not be a bitcoin ETF at all in 2018. In addition, SEC has already denied several applications. Now more refuses have come.

In total, there are nine applications from the companies Proshares, Direxion and Graniteshares, which now have received a “no”. In all cases, SEC writes that they “emphasizes that its disapproval does not rest on an evaluation of whether bitcoin, or blockchain technology more generally, has utility or value as an innovation or an investment”, Coindesk reports.

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News about mining companies

The Norwegian crypto mining farm Kryptovault may be forced to shut down its business in several cities because they lack the right permits. The mining company’s operations have also been accused of causing too much noise and last week, they also received a bomb threat related to the noise, writes Coindesk, referring to local media.

At the same time, a large mining farm is being opened in the region around Leningrad in Russia. The farm is approximately 4,000 square meters and has more than 3,000 pieces of mining equipment, Bitcoin News reports.

Biggest currencies are dipping

The biggest cryptocurrencies have fallen in value during the last 24 hours. Those who have dipped the most are eos (-5,38%), bitcoin cash (-5,14%) and xrp (-4,62%).

Ethereum (-3,53%) is currently trading at about $275 and bitcoin (-3,58%) is back at the $6,400 level.

The cryptocurrencies that performed the best on top 100 during the last 24 hours were bitcoin diamond (+5,07%) and cybermiles (+2,13%), and the ones that performed the worst were nebulas (-16,38%) and cortex (-16,35%).

*All numbers in this article are from Coinmarketcap.com.

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