Bitcoin Account Suspended by Twitter

Twitter has suspended the original account of @Bitcoin which was immediately noticed by such major figures as Charlie Lee and Roger Ver
09 April 2018   713

There are a lot of news every day regarding the cryptocurrency regulations, but Twitter blocking the accounts of major cryptocurrecnies is something new. Twitter was always blocking fake accounts, or the ones impersonating famous figures and those which were trying to steal money from other users by posting fake challenges and airdrops. But on April 8, Twitter has suspended @Bitcoin account, which was supposedly violating Twitter Rules.  

Charlie lee tweet regarding bitcoinCharlie Lee tweet regarding Bitcoin account

The news of suspension did not remain unnoticed by crypto community, and such major figures as Charlie Lee, Roger Ver and others have posted about it on their Twitter profiles. Moreover, the news received a lot of attention among Reddit users.

Roger Ver tweet regarding Bitcoin accountRoger Ver tweet regarding Bitcoin account

Ther opinions of the community towards the news of @Bitcoin account suspension were divided, as some of the users thought that it is good news as the account was for years and years "basically a price bot". Others were unsatisfied stating that Twitter banned @Bitcoin account, but did not bother to suspend thousands of other fraudulent and fake accounts, which certainly violate the Twitter Rules.

Currently the @Bitcoin account name is taken by a new user with around 1600 followers, supposedly not related to cryptocurrency, and the account is private, so there is no possibility to view the tweets.

SEC to Need More Info on BTC ETF

SEC is gathering more input from the public – to date, according to the agency, more than 1,400 comments have been submitted
21 September 2018   134

The US Securities and Exchange Commission (SEC) announced the beginning of a formal process for considering the application for the creation of bitcoin-ETF from the New York companies VanEck and SolidX. Nevertheless, the agency appealed to the community for more information. This is stated in the document published on the SEC website.

Institution of such proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change. Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, as described below, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.
 

The US Securities and Exchange Commission

At the moment, the SEC received about 1,400 comments.

According to the document, the Chicago Board Options Exchange (CBOE) has signed an agreement on the exchange of data on bitcoin transactions, trading and the state of the market with the cryptocurrency trading platform with Gemini.

The agency asked commentators to clarify the position of Gemini in the digital currency market and assess the likelihood of increased volatility at this site in connection with possible trades of bitcoin-ETF.

So, before September 30, the department had to decide on whether to approve, deny or initiate the proceedings. The SEC chose the latter, which is likely to delay the process until the next year.