Reddit to Remove BTC Payment Option

This decision is caused due to the recent change with Coinbase Commerce
26 March 2018   1529

The Reddit forum has suspended receipt of bitcoin payments for Reddit Gold, a premium account  for subscribers, due to disruptions in the Coinbase Commerce service, Bitcoin. com reports.

The upcoming Coinbase change, combined with some bugs around the Bitcoin payment option that were affecting purchases for certain users, led us to remove Bitcoin as a payment option. We’re going to take a look at demand and watch the progression of Coinbase Commerce before making a decision on whether to re-enable. 
 

emoney4 at Reddit

Reddit also removed the r / Darknetmarkets page, where users discussed ways to fully anonymously spend crypto currency on black markets.

Earlier it became known that in December 2017, a vulnerability was discovered in the smart contract of the Coinbase exchange, which allowed users to manipulate the balance by crediting an unlimited number of Ethereum tokens.

The exchange was able to eliminate the bug in January and paid a reward for its detection in the amount of $ 10 thousand.

Bitwise to Withdraw Bitcoin ETF Application

The application was filled a year ago, company met with regulator 8 times and prepared more than 500 pages of documents
15 January 2020   154

Bitwise Asset Management, a digital asset management company, has withdrawn an application to launch a Bitcoin-linked exchange-traded fund (ETF).

On Tuesday, Bitwise sent a notice to the US Securities and Exchange Commission (SEC), where it announced that it had made such a decision "in the public interest and investor protection."

We did indeed withdraw the application. This is a procedural step, and we intend to refile our application at an appropriate time.

 

Matt Hougan

Global head of research at Bitwise

He also noted that his firm is currently “working hard” to answer the SEC questions in the 112-page commentary on the initial application.

We remain fully committed to the development of a bitcoin ETF.

 

Matt Hougan

Global head of research at Bitwise

Bitwise has applied for the launch of the Bitcoin ETF in January 2019. Since then, the company met with the regulator eight times and prepared 500 pages of documentation with arguments in favor of approving its proposal.