Bitcoin Plus doubles in one day

An altcoin Bitcoin Plus price rose from $60 to $124 during 24 hours
13 November 2017   896

Bitcoin Plus (XBC), an alternative cryptocurrency that uses the Tor Network for IP address privacy and also uses Hybrid Proof of Stake and Proof of Work, is developing in a positive direction showing a significant price rise, increasing by 85% within past 24 hours and growing from less than $60 on November 12 to $124 on November 13. 

bitcoin plus charts november 2017Bitcoin Plus Charts

Bitcoin Plus was launched in 2014 on Poloniex and since that time has remained nearly flat for most of its life cycle having a price of around $40. Nevertheless during last 7 days it grew up by 262% and at the press-time has market capitalisation of more than $12 million.

Such a notable rise of the alternative cryptocurrency might be linked to the recent fluctuations of its siblings Bitcoin and Bitcoin Cash due to the announcement of SegWit2x developers about fork cancellation. 

reddit.com user comment towards bitcoin plus riseReddit.com user comments

The users of website Reddit.com reacted positively to such an unexpected increase of cryptocurrency which remained stable for a years-long period of time. 

There is 1 million Bitcoin Plus coins to respond to 21 million Bitcoins, and Bitcoin Plus is characterized by a much faster block processing time and can handle eight times more transactions than Bitcoin.

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.