Bitcoin fell under $4k

Average Bitcoin price is $3982.75 at the moment; it lost more than 7% in 24 hours
13 September 2017   903

First cruptocurrency fell bellow $4k mark. Average Bitcoin price is $3982.75 at the moment. It had lost more than 7% in 24h and more than 12% in a week. This is taking place against the background of a significant tightening of regulation and growing uncertainty in China. 

Bitcoin price chart
Bitcoin price chart

We can see that Bitcoin was at this level more than a week ago, on September 5. The current value of bitcoin capitalization is $ 65.7 billion.

Top ten cryptocurrencies
Top ten cryptocurrencies

On the screenshot above, we can see that all cryptocurrencies from top ten are losing their "weights". 

Coinbase to Issue New Statement

As reported, company says it was wrong about SEC approval of acquisitions of Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC
18 July 2018   18

Vice President of Communications of Coinbase Rachel Horwitz denied the information that the company received approval from the Securities and Exchange Commission of the United States for a deal to buy brokerage companies. This is reported by Bloomberg.

It is not correct to say that the SEC and FINRA approved Coinbase’s purchase of Keystone because SEC was not involved in the approval process. The SEC’s approval is not required for the change of control application. Coinbase has discussed aspects of its proposed operations, including the acquisition of the Keystone Entity, on an informal basis with several members of SEC staff.

Rachel Horwitz

Vice President of Communications, Coinbase

On Monday, a spokesman for Coinbase said that the company received permission from the SEC and the Agency for Regulation of Financial Institutions (FINRA) to purchase Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC.

However, despite the refutation from Rachel Horwitz, Coinbase still intends to obtain a license to carry out brokerage activities.