US governments’ tepid approval sends BTC above $750
After US authorities identified Bitcoin as a “legal means of exchange” before Congress, the currency hit a high water mark of $750 on the Mt. Gox exchange. The hearing, titled “Beyond Silk Road: Potential Risks, Threats, and Promises of Virtual Currencies” and held by the Senate Homeland Security and Governmental Affairs Committee on November 18 in Washington, was called in the wake of the FBI’s shutting down of the Silk Road. Users of Silk Road, an unregulated online marketplace that allowed mail-order drug deals to flourish, paid in Bitcoin, and this become one of the dominant narratives....
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The conditional approval from the U.S. banking regulator follows Anchorage's approval last month.
NYDIG, a subsidiary of Stone Ridge Asset Management, has filed for regulatory approval from the SEC to offer a bitcoin exchange-traded fund. The post NYDIG Files For Bitcoin ETF Approval appeared first on Bitcoin Magazine.