Wounded BTC Miner charges Trading Repressions in China

Constant repressions on bitcoin trading in mainland China has led to a Taiwanese bitcoin miner in being shot by local bandits
16 April 2018   830

According to Liberty Times` report (Taiwanese news source), the incident happened  on Saturday night, when two local killers had planned to meet a bitcoin miner with whom they had made a substantial investment.

The miner who has the surname Wu, had preliminary accepted 10 million Chinese yuan (approximately $1.7 million) from the two - surnamed Li and Gao - in order to take part Wu's bitcoin mining procedure. While the exact whereabouts of the mining facility remains unknown, the report hinted that the provision could be inside mainland China.

With nearly $370,000 of benefit, Wu declared in the report that due to pressuring  regulations on bitcoin trading in China, the income could not be exchanged at once for fiat currency, as per the two gangsters' demands - a factor that sparked a dispute at the appointment.

With the further development of things, Wu was shot in his ankle. The gangsters left  the crime location, but found themselves into the police seven hours later this incident. The police then affirmed the suspects were from local gangs.

While not the first occasion of a crime related to bitcoin in Taiwan, the case is definitely notable for the involvement of participants in organized  misdeed. The news also reveals another incident where the surging price of bitcoin over the past year has led to crimes involving armed aggressors. For example, the two events in Canada and the U.K. in January, when the thieves robbed bitcoin investors at gunpoint.

Also last week, Singapore's police reported about a case in which bitcoin brokers were stealed of some $300,000.

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   188

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.