European Central Bank: Cryptocurrencies do not pose a threat to financial stability
The European Central Bank is currently not interested in issuing its own digital currency, although it is open to exploring the possibilities in...
It has been speculated that the rise in the crypto markets recently has been due to positive expectations of the decisions regarding the crypto ETFs.
U.S. Securities and Exchange Commission is now reviewing several applications for crypto ETFs. Recently, SEC announced that they will postpone their decision regarding the application from the fund company Direxion until 21 September.
However, SEC has now announced its decision regarding an application for a bitcoin ETF from the investors Cameron and Tyler Winklevoss. For the second time, SEC rejects their application, Coindesk reports.
It has been speculated that the rise in the crypto markets recently has been due to positive expectations of the decisions from SEC regarding the ETFs. But after the rejection on the Winklevoss twins’ application, the bitcoin price dropped – from almost $8,300 to under $8,000.
The numbers for the biggest cryptocurrencies have been glowing with red during the last 24 hours. The ones which went down the most were eos (-5,10%), bitcoin cash (-4,63%), bitcoin (-3,28%) and ethereum (-3,35%).
The ones which performed the best on top 100 were vechain (+24,84%) och bibox token (+5,81%), and the ones which performed the worst were bitcoin private (-12,16%) and iost (-11,39%), according to Coinmarketcap.
Analysts at the American investment bank J.P. Morgan believe that bitcoin has now surged beyond its "intrinsic value", mirroring how the...
The new service from Zulu Republic also offers the opportunity to earn cryptocurrencies by recommending it to other people.