Bitcoin price rise

Rapid price rise of Bitcoin is caused by the BTCC's support of BIP91 and SegWit2x
20 July 2017   3372

CEO of the Chinese BTCC exchange Bobby Lee announced that their mining pool began signaling the simultaneous support of two solutions for scaling bitcoins - SegWit2x and BIP 91.

In his Twitter message, Bobby Lee reported that more than 90% of the pool servers support the BTC1 protocol (SegWit2x), which was signed by New York in May, and also expressed the hope for the early activation of BIP 91, which is a modified version of SegWit2x.

A few minutes later Bobby clarified that now 100% of the pool's mining capacities are directed both at full support of BTC1 and on the signaling of BIP 91.

According to XBT.eu, currently 83.3% of the last 144 blocks support the BIP 91 protocol.

XBT.eu
XBT.eu chart

BTCC statement had a positive effect on the price of bitcoin. Now it's $2586.98 and continues to grow. 

Bitcoin Charts
Bitcoin Charts

Tone Vays, business analytic, gave his comment too. According to him, today's rapid rise in the price of bitcoin was a response to the growing support of BIP 91 and, as a result, the increasingly more active activation of the Segregated Witness protocol.

At the same time, as Tone said, Slush Poo hadn't stated the support of BIP 91, which is expected to launch this process during today.

 

SEC to Decide on Bitcoin ETF until Feb 27 2019

Despite this news, Bitcoin price hit another bottom - $3400 this time
07 December 2018   100

The US Securities and Exchange Commission (SEC) issued a notice stating that consideration of a decision on an application to start Bitcoin-ETF from VanEck and SolidX with the assistance of CBOE will last until February 27 of next year.

According to the SEC rules, the period for consideration of this decision cannot be extended yet. Thus, the Commission on maximum uses the allotted time, and February 27 will be the final date for the decision on this application.

The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider this proposed rule change.
 

Securities and Exchange Commision

According to representatives of the SEC, to date, the Commision has received more than 1600 comments on this application.

Despite this news, Bitcoin price hit another bottom - $3400 this time.