Coinbase is operating fine now.
The SEC does make some very valid points in their rejection without even considering the fact that the majority of the bitcoin hashrate is behind the Great Firewall of China. Manipulation of bitcoin prices on Chinese exchanges and the spread between XBT/CNY and XBT/USD could be considered a consequence of this. The concerns raised by the SEC here should also be of concern to those who believe bitcoin should exist outside of any government regulation.
True. But there’s certainly an element of general fear of the unknown worked into this decision, that’s not formally mentioned.
Someone mentioned the transaction volume issues, it hadn’t occurred to me but this really could have been a problem if the ETF was approved.
Published at Sat, 11 Mar 2017 00:06:20 +0000
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By O’Reilly Conferences on 2015-01-27 12:17:34