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Bitcoin News | Trump, Bitcoin ETF, Blockchain and more.

September 14, 2019


hello you’re watching crypto coin dark
news and on Bitcoin this week Iceland
launched his first Bitcoin trading pair
South Korea calls for global unity over
crypto regulation top Chinese Court
rules evidence on blockchain is
admissible and Donald Trump’s latest SEC
pick gives hope to future ETF you add
Royce Mun Donald Trump’s Pro crypto
nomination for US Securities and
Exchange Commission err has been
approved by the Senate yes one of the
Republicans main tasks will be to review
the SE c–‘s vision regarding crypto
currencies paving the way for the
possible approval of the first-ever
crypto exchange-traded fund which is
basically a marketable security that
tracks the commodity or basket of assets
like an index fund that you can purchase
or sell on a stock exchange through a
brokerage firm back in July Royce Minh
told the Senate Banking Committee that
the SEC must re-examine its rules
regulations and guidelines to ensure it
accomplishes this mission in areas such
as initial coin offerings and blockchain
he went on to say it was essential the
SEC approached these new challenges in a
fair and transparent manner provide
clarity and certainty to the markets and
investors and to enforce the laws and
regulations that hold market
participants accountable with Royce mins
confirmation three of the five SEC
commissioners now favorably view crypto
currencies however there’s no timetable
for when any future Bitcoin ETF will be
approved and recently a nine proposals
from three different issuers were
rejected this happens in late August a
partly due to fears of market
manipulation and the lack of future
trading volume China’s highest court has
ruled evidence gathered using blockchain
is an admissible and legitimate way to
authenticate digital evidence under the
ruling analysts also may present an
expert to assess the reliability of the
blockchain used in cases now the Supreme
Court in an official announcement stated
the electronic data submitted by the
parties can prove their authenticity
through electronic signature a trusted
timestamp hash value check blockchain
and other evidence collection fixed and
tamper proof technical means and through
electronic forensic evidence and
platform certification the incorruptible
digital ledger behind blockchain
technology is used increasingly to help
companies comply with complex regulatory
requirements and the record of financial
activities and anything else of value
could prove vital in any court case and
just over a year ago in fact China
opened what is widely regarded as the
world’s first internet Court which
specializes in handling internet links
cases South Korea’s Financial
Supervisory Service governor has urged
regulators in 14 other countries to
create a multinational system for
dealing with crypto currency risk and
regulation enforcement yes this was a
hot topic at the twentieth integrated
financial Supervisors conference and
their young Suk hyung told delegates
that the authorities are in a difficult
situation to minimize the side effects
while encouraging financial innovation
he added quote the aim is to calm
overheated speculation and prevent
illegal activities against new risk
associated with virtual currency or
initial coin offerings end quote yeah
and the fsss chief also explains more
about the ways he thinks countermeasures
can tackle new digital financial tech
such as crypto currencies anti cos he
said his regulatory organization needs a
method to adequately control and
supervise the activity of financial
companies as well as direct financial
consumer protection systems including
anti money laundering
systems Iceland’s new crypto trading
platform is to offer Bitcoin trading
pairs for the first ever time the
exchange involved is called skip to mint
and it will feature two trading pairs
the Icelandic króna and Bitcoin and the
krona and our rora coin which is
basically the country’s alternative to
Bitcoin created four years ago yeah you
know this created huge publicity and
political discussion in Iceland yet
since then Aurora really has been left
out in the cold with the very few shops
or services using a rubber coin in any
real-world way despite Iceland not being
known as a crypto currency trading
destination it is known as a hub of
cryptocurrency mining due to its
seemingly plentiful renewable energy and
rather chilly climate which in turn
lower electricity tariffs and cooling
costs
so as for Bitcoin prices this week well
after three straight weeks of gains a
Bitcoin reached a high of seven thousand
four hundred dollars last week however
within a few hours on Wednesday prices
fell down to six thousand to four
hundred dollars and then prices really
stabilized and for the next a few days
hovered around the 6400 6550 dollar mark
well for the first half of Saturday the
price fell again to a low of just under
six thousand two hundred dollars before
bouncing back slightly to around six
thousand four hundred dollars for the
rest of the weekend and that’s all for
Bitcoin this week on Tom bell and i’m
stamper sagansky
don’t forget to subscribe them all until
next time
you

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