SEC Has Temporarily Suspended a Bitcoin ETN, is the Market Affected?

In July, Sweden’s XBT Provider introduced a Bitcoin exchange-traded note (ETN) to the US market. This week, the US Securities and Exchange Commission (SEC) suspended the ETN for 10 days. On September 10, the SEC released an official statement regarding its decision to suspend the Bitcoin Tracker One ETN for ten days, until Sep.t 20. The statement, released on the SEC website, explicitly stated that the two ETNs of XBT Provider caused confusion amongst investors. Essentially, the SEC has said that Bitcoin Tracker One (CXBTF) and Ether Tracker One (CETHF)…

Crypto Markets See Another Wave of Red, Despite Bullish News From Major Industry Players

Monday, September 10: crypto markets have seen mainly red today, with just two coins out of the top 20 cryptocurrencies in the green, and total market cap hovering around $194 billion. Market visualization from Coin360 Bitcoin (BTC) is slightly down today, fluctuating around the $6,300. The major cryptocurrency is currently trading at $6,287 by press time, down 1.5 percent over the past 24 hours. Bitcoin saw an intraday high of $6,398 and low of $6,253, according to Cointelegraph’s Bitcoin Price Index. The coin sharply lost its $6,400 trading levels yesterday…

Report: Nearly Half of ICOs Failed to Raise Funds Since Start of 2017

Nearly half of all initial coin offerings (ICOs) in 2017 and 2018 failed to raise any funds, while another 40 percent raised more than $1 million each, a new research report claims. Research and consulting firm GreySpark Partners studied the ICO market across the past several years, finding that as many as 890 token sales did not raise any funds at all. By contrast, according to the report (embedded below), 743 token sales were able to reach the $1 million mark. GreySpark also noted that many token projects fail to…

U.S. SEC Suspends Trading for Two Swedish-Based Crypto ETNs

Two securities, one that tracks bitcoin and another that tracks the cryptocurrency ether, have been temporarily halted by a U.S. regulatory watchdog due to investor confusion. Starting September 9, 2018, the Securities and Exchange Commission (SEC) has suspended all U.S. trading of Bitcoin Tracker One (CXBTF) and Ether Tracker One (CETHF) until September 20, 2018. The exchange-traded notes (ETNs) are issued by Swedish company XBT Provider AB, a subsidiary of U.K.-based CoinShares Holdings. Per the order, U.S. brokers are barred from trading the ETNs “for any purpose other than to…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, September 10

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The market is finding it difficult to sustain the total cryptocurrency market capitalization above the $200 billion mark. The news of the U.S. Securities and Exchange Commission (SEC) suspending trading in the Bitcoin Tracker One and Ether Tracker One securities has further dampened…

Stellar (XLM) Embraced by Visa-Backed Blockchain Company

The Stellar Foundation is a non-profit blockchain project that built the Stellar network. The Stellar ecosystem holds the digital token Stellar (XLM), or Stellar lumens. The for-profit subsidiary of the Stellar Foundation, Lightyear, purchased Chain for around $40 million. As part of the all-cash deal, all of Chain’s existing investors, such as Citi Ventures, Visa, and Nasdaq will all receive a return on their initial investment, Chain’s co-founder, Adam Ludwin, told Forbes. “All of the clients that we have now have effectively shifted from using a traditional database model to…

72% of Cryptocurrency Investors Plan to Buy More this Year: Survey

A majority of accredited cryptocurrency investors and nearly three-fourths of retail investors plan to increase their cryptocurrency holdings in the next 12 months, a new survey suggests. That survey, conducted by securities trading platform SharesPost in July and eliciting responses from 2,490 retail investors and 528 accredited investors, found that current cryptocurrency owners remain highly-bullish on the nascent asset class, though they now expect mainstream adoption to take longer than they had when asked earlier in the year. Respondents in both groups now expect cryptocurrency to achieve widespread adoption in…

Vitalik Buterin | Large Crypto Growth Won’t Happen Again

Ethereum’s co-founder Vitalik Buterin just recently had an interview with Bloomberg and stated that crypto has neared its “ceiling.” Buterin feels that the days of explosive crypto growth have likely come and gone. Blockchain Ceiling in Sight “The blockchain space is getting to the point where there’s a ceiling in sight,” Buterin told Bloomberg. “If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.” Vitalik…

Bitcoin Price Intraday Analysis: BTCUSD Rebounding Weakly

The bitcoin price on Monday appreciated versus the US Dollar, boosted by passable buying sentiment near $6,121, July 13 low. The BTC/USD today rose as much as 3.67 percent since establishing its intraday low at 6149-fiat. The pair started the trading session attempting a weak rebound from yesterday’s 100-dollar fall. The Asian morning saw BTC/USD forming higher highs towards 6372-fiat. However, the pair recorded a downside correction as the Europe session picked momentum, dropping towards 6255-fiat. And now, at the beginning of US trading hours, BTC/USD looks to be in a…

Bitcoin Magazine’s Week in Review: Lightning, Launches and Broken Promises

A handful of projects brought their tech to life this week, introducing new payment systems and coins to the industry’s offerings. Meanwhile, Bitcoin’s Lightning Network makes headway for the dev community, and one of crypto’s older and more respected exchanges (arguably) takes a step against the space’s principles. Finally, in a spurious game of he-said-she-said, a report from Business Insider, which was in turn picked up by various outlets, gets blasted by Goldman Sachs as fake news. Stay on top of the best stories in the bitcoin, blockchain and cryptocurrency…