SEC Tweets About Funds Holding Bitcoin Futures — Expectations of Impending Bi...

The U.S. securities watchdog has announced it will scrutinize mutual funds that include investments in bitcoin futures markets to verify funds that comply with the Investment Company Act. The institution warned about the dangers of investing in bitcoin futures markets due to the implicit volatility of the underlying asset. SEC Warns Funds About Bitcoin Futures Yesterday, the Securities and Exchange Commission (SEC) released a public statement titled “Staff Statement on Funds Registered Under the Investment Company Act Investing in the Bitcoin Futures Market,” where the....

The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have warned investors of the risks of investing in funds with exposure to bitcoin futures. The SEC published an investor alert on funds trading in bitcoin futures Thursday. The alert comes from the SEC’s Office of Investor Education and Advocacy (OIEA) and the CFTC’s Office of Customer Education and Outreach (OCEO). They pointed out that some funds may engage in the trading of bitcoin futures contracts as a way to gain exposure to bitcoin, emphasizing that the cryptocurrency....

Zapchain becomes the latest Bitcoin-based startup to close its doors. ZapChain, the Bitcoin-based content sharing and tipping platform is soon going to shut down. The Reddit like social media platform focused on Bitcoin and cryptocurrency technology has announced its impending demise on its user’s timelines. The notification on states, “ZapChain will be shutting down on, or shortly after August 31, 2016.Please withdraw your balance.” Founded by Adam McKenna and Matt Schlicht, the platform became popular with the Bitcoin community after it offered an efficient way to monetize the content.....

Grayscale had filed for a Bitcoin Spot ETF after the SEC had greenlighted three Bitcoin ETF Futures for trading last week. Expectations were high that the regulatory body would also approve this ETF which would prove to be a better trading option for investors in comparison to the futures ETFs. The investment firm filed to […]

Cardano faces a new obstacle with the impending Vasil update. Analyst and futures trader Peter Brandt predicts poor performance for the coin based on current trends and projections. He recently tweeted on the present state of affairs for Cardano. “This is a fractal chart pattern called a descending triangle. If the construction continues in the fractal, $ADA should have one more significant retreat.”  The keywords are “should,” and not “must,” Brandt tweeted. The analyst pointed out the coin’s current trend. Although Cardano has been doing poorly as of....