SEC Refuses to Approve Bitwise Bitcoin ETF

The Security and Exchange Commission (SEC) has turned down yet another bitcoin exchange-traded fund (ETF) application. The securities regulator said in a response filed Thursday that applicants Bitwise Asset Management and NYSE Arca cannot offer Bitcoin ETF services to investors in the US. It noted that the duo could not resolve issues that were raised…

Bitcoin: Is it Tulip Mania or the ​Internet?

Players in the financial and technology sector have different opinions about bitcoin. For skeptics, the cryptocurrency is reminiscent of Holland’s notorious Tulip bubble of 1637. They generated a wild, speculative mania and disappeared, leaving behind pretty flowers and wrecked investors. Meanwhile, for supporters, bitcoin is the internet: a symbol of decentralization that reached its full…

Bitcoin As a Potential Last Resort For Hong Kong

Bitcoin and altcoins appear as the solution to the ongoing geopolitical tensions between Hong Kong and China. The demand for decentralized currency is growing day by day in these countries, proving how fragile cash has become for common folks. Hong Kong Banking System Is Paralyzed Videos posted on the internet paint a sharp picture of…

Ripple’s XRP Leads Intraday Gains, Beats Bitcoin

Ripple’s XRP led intraday gains on Monday after rising 10 percent on a 24-hour adjusted timeframe, according to data provided by CoinStats’ cryptocurrency portfolio management app. The third-largest cryptocurrency by market capitalization outperformed the benchmark Bitcoin, as well as the rest of the top altcoins. Bitcoin, in particular, trended in positive territory but its gains…

Research: Bitcoin Gains are Closely Linked to Tether’s Issuance

Researchers have found a strong correlation between benchmark cryptocurrency bitcoin and its spin-off stablecoin Tether, according to a Bloomberg report.  Blockchain data forensic firm TokenAnalyst found that Tether’s issuance of fresh dollar-pegged tokens coincided strongly with the bitcoin price rally. On a day, the asset rose by as much as 70 percent right after Tether…

Bithumb to Discuss Bitcoin Regulations with the Indian Government

Bithumb Global announced it would work with the Indian Government to launch a regulated Bitcoin exchange. It also showed interests in promoting the cryptocurrency trade among the uninformed Indian investors. Bithumb co-founder and managing director, Javier Sim, announced the company’s further initiatives in the Indian commercial space. The statement implied partnerships with native Indian cryptocurrency…

US Exchanges’ Crypto Rating Council Faces Criticism

The newly formed Crypto Rating Council is already facing criticism for its role in categorizing cryptocurrencies. Tyler Gellasch, executive director at Healthy Markets, observed that some members of the council might have stakes in the cryptocurrencies under evaluation. That could unduly influence their assessment of the asset in concern. “A group of private companies jointly…

Study: Why Bakkt Didn’t Push Bitcoin Prices Up?

It has been more than a week since the high-profile launch, but Bakkt’s trading volume remains underwhelming with only 16 BTC as of this time of writing. Meanwhile, the spot rate of bitcoin has plunged massively, rising fears that Bakkt hype has not done well to the crypturrency. Bakkt An Underperforming Horse? Against all the…

CoinStats as an “Official Crypto Tracking App” at ChainPoint 19

On 14-15th of October, Yerevan is hosting the annual blockchain conference ChainPoint 19 initiated by Nooor Blockchain Armenia. CoinStats is proud to support the event by becoming the Official Crypto Tracking App of ChainPoint. And especially for our community, COINSTATS-CP19 promo-code is available for 20 percent discount. Want to rub shoulders with the thought-leaders and…