US SEC Commissioner Dissents From Agency’s Rejection of Winklevoss Bitcoin ETF

U.S. Securities and Exchange (SEC) Commissioner Hester M. Peirce has published a statement of official dissent from the agency’s second disapproval of the Winklevoss brothers’ application for a Bitcoin (BTC) exchange-traded fund (ETF) yesterday, July 26.

The Winklevoss’ Bats BZX Exchange, Inc. (BZX) had filed a proposed rule change with the SEC in June 2016 to allow it to list and trade shares of a Bitcoin ETF called the Winklevoss Bitcoin Trust, which was rejected by the agency in March 2017. Following the disapproval of the initial proposition, the group filed a petition seeking “review of the disapproval by delegated authority, which the SEC formally rejected Thursday, July 26.

IMPORTANT - BTC Bull run might happen if Bitcoin ETF is approved

And its simply because more people have easier access to investing in cryptocurrency. You do not need to buy one to invest in one anymore, you can just buy its index. There is a rumor Bitcoin ETF will be approved by the SEC in the near future. In addition, SEC is currently accepting comments on the ETF application.

Two important must read sources:




https://www.sec.gov/comments/sr-cboebzx-2018-040/cboebzx2018040.htm

https://bitcoinist.com/3-reasons-sec-bitcoin-etf-next-month/

'Bitcoin Maven' gets federal prison for money laundering

LOS ANGELES: A Southern California woman dubbed the "Bitcoin Maven" for illegally laundering the digital currency has been sentenced to a year and a day in federal prison.

Theresa Tetley was sentenced Monday in Los Angeles.

Prosecutors say the former stockbroker laundered millions of dollars' worth of bitcoins through an unlicensed bitcoin-for-cash service. Authorities say she had customers around the country — including one client who's suspected of selling drugs on the dark web.

Back Above ₦2,160,000 ($6K): Bitcoin's Bull Reversal Is a Work in Progress

Bitcoin (BTC) has regained poise over the weekend after a drop below ₦2,160,000  ($6,000) last week, but a short-term bullish reversal is still not confirmed.
At press time, the leading cryptocurrency is trading at $6,320 on Bitfinex – up 13 percent from the seven-month low of $5,755 hit on June 24.

BTC was expected to remain on the defensive and drop to fresh 2018 lows below $5,755 over the weekend, having closed below $6,000 (February low) on Thursday.

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