Bitcoin Prices Firmly Above $4000 Without China

Bitcoin
Spread the love

Bitcoin traders have got a couple of things right lately. The digital currency can survive and thrive without China. And government regulation is positive, not negative, for the future of Bitcoin and other major cryptocurrencies. It adds credibility to the market, while limiting the supply of new coin offerings.

Most cryptocurrencies traded sharply higher on Wednesday, following recent news that US and Japanese regulators are getting serious about writing the rules for the cryptocurrency markets. Bitcoin prices held above the $4000-mark, close to 30% above the recent low.

Coin/Investment TrustChange 24H*
Bitcoin (BTC)6.30%
Ethereum (ETH)5.63
Litecoin (LTC)6.10
Bitcoin Investment Trust Shares (GBTC)6.79

*As of September 27, 2017, at 4pm

A couple of days ago the Securities and Exchange Commission (SEC) announced the creation of a Cyber Unit that will monitor cyber-related misconduct, including “violations involving distributed ledger technology and initial coin offerings.”

“Cyber-related threats and misconduct are among the greatest risks facing investors and the securities industry,” said Stephanie Avakian, Co-Director of the SEC’s Enforcement Division.  “The Cyber Unit will enhance our ability to detect and investigate cyber threats through increasing expertise in an area of critical national importance.”

Meanwhile, Japan’s Financial Services Agency (FSA) is considering placing virtual currency exchanges operating in the country under full surveillance, effective October.

That’s according to a story published recently in Japan Times. The FSA will check whether the exchanges for bitcoin and other cryptocurrencies have the right internal controls in place in order to protect customer assets.

No Comments

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Bitcoin
Bitcoin Price Faces Third Monthly Loss of 2019
Spread the love

Spread the love Bitcoin is on track to test $9,000, having dived out of a narrowing price range earlier this week. The cryptocurrency is likely to end August on a negative note, having suffered losses in July and January. BTC may suffer a deeper price drop over the next few months, possibly …

Bitcoin
Satoshi Nakamoto: ‘Bitcoin dips below $10K — again :(’
Spread the love

Spread the loveWelcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Albert Einstein used to say: Let’s whip up a knowledge omelette! Bitcoin Price We closed the day, August 28 2019, at a price …

Bitcoin
Bitcoin Eyes $9K Price Support After Drop to One-Month Lows
Spread the love

Spread the loveBitcoin (BTC) could drop to $9,000 in the next 24 hours, having strengthened the short-term bearish case with a drop to one-month lows earlier today. The top cryptocurrency by market value fell to $9,320 at 07:36 UTC today, the lowest level since July 28, according to Bitstamp data. …