Bitcoin Price Watch Currency at
While the price has slowed in its approach of $8,400, one source still places the next big financial goal for bitcoin at $8,663. In addition, the bull run is slated to continue for the time being despite the Security and Exchange Commission’s (SEC’s) decision to delay any approvals for upcoming bitcoin ETFs.
There are several reasons for bitcoin’s sudden jump. Among them include the easing of regulations by both Facebook and Google. The social media and search engine giants are amongst the two largest companies to place bans on both initial coin offering (ICO) and cryptocurrency-related advertisements.
However, in recent days, both platforms have eased up on present regulations and provided crypto with a small, yet sturdy way of building its presence. Facebook, for example, now allows Coinbase – one of the largest digital exchanges in the world – to advertise on its social media channel(s), while Google includes major coins in its exchange converter.
In addition, we are also seeing a surge of new institutional investors entering the fray, including several major Wall Street players, and the fact that the SEC is willing to consider bitcoin ETFs is a major step towards easier regulatory patterns. Yes, the SEC has delayed its decision-making process, though originally the organization had listed the bitcoin ETF application of VanEck SolidX Bitcoin Trust for public comment to see what everyday traders would have to say about it. This is a huge sign that the SEC is potentially changing the way it looks at crypto.
Lastly, we are seeing a general easing up on crypto legislation from both the SEC and the Commodity Futures Trading Commission (CFTC) primarily due to pressure from the U.S. Chamber of Commerce, which has long called for both agencies to clear up regulatory uncertainty. The Chamber says that raising capital to begin crypto and blockchain-based companies has been relatively difficult, and an environment that’s more accommodating to such ventures should allow for further innovation.
Great post!
Thanks for tasting the eden!
You got a 32.64% upvote from @emperorofnaps courtesy of @abdullatifopu!
Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!
@abdullatifopu, you are interesting to read!
Thank s
Congratulations @abdullatifopu! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOP
You got a 5.25% upvote from @postpromoter courtesy of @abdullatifopu!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
You got a 5.07% upvote from @upme thanks to @abdullatifopu! Send at least 3 SBD or 3 STEEM to get upvote for next round. Delegate STEEM POWER and start earning 100% daily payouts ( no commission ).
You got a 5.64% upvote from @brupvoter courtesy of @abdullatifopu!
You got a 3.06% upvote from @oceanwhale With 35+ Bonus Upvotes courtesy of @abdullatifopu! Delegate us Steem Power & get 100%daily rewards Payout! 20 SP, 50, 75, 100, 150, 200, 300, 500,1000 or Fill in any amount of SP Earn 1.25 SBD Per 1000 SP | Discord server