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Wallet Provider Bread Adds Bitcoin Cash Support for Apple Devices

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Wallet Provider Bread Adds bitcoin Cash Support for Apple Devices
Wallet provider bread adds bitcoin cash support for apple devices

This week the popular wallet provider Bread (BRD – formally Bread Wallet) announced the release of its new update  — fully integrated bitcoin cash (BCH) support. Now Bread users can claim, send, receive, and store BCH alone or alongside BTC holdings.

Also Read: Japan’s SBI Holdings Claims 40% Stake in Hardware Wallet Company

Bread Wallet Enables Full bitcoin Cash Support for iOS

Wallet provider bread adds bitcoin cash support for apple devicesThe firm Bread announced on March 7 that the wallet company has added full BCH support for its iOS mobile wallet platform. This past August when the BCH chain was born, two weeks later the Bread team released a one-time extraction tool for users who wanted to extract their coins. The company says that many Bread users utilized the tool, but those who didn’t still have BCH held invisibly on their mobile wallets.

“With this new update, all iOS users will be able to see any BCH remaining in their wallets, and can send and receive BCH at will,” explains the Bread’s CPO James MacWhyte.

This new version of the app sports a modular framework, built from the ground up, that enables us to add multiple digital assets to the Bread platform, of which bitcoin cash is only the first. The next additions will be Ethereum and ERC20 tokens, which are on schedule according to the roadmap we devised at the beginning of 2018.

 Users Voiced Strong Support for Full BCH Access

Wallet provider bread adds bitcoin cash support for apple devicesBread says back in August the team wanted to make sure the BCH chain would survive and there would be demand for the wallet’s BCH support. The company explains a large majority of Bread users did not have a strong opinion on the subject at the time.

“Either way were still in favor of having the option to store and use bitcoin cash in their Bread, and all users voiced strong support for getting full access to any BCH that might still be stored in their wallets,” MacWhyte details.

Adding Bread to the BCH ecosystem gives bitcoin cash over 25 lightweight wallets and 5 full node clients. MacWhyte says that the Android version of Bread is the midst of development and the BCH supporting version will be released in the near future.

What do you think about Bread supporting BCH? Let us know in the comments below.

Images via Bread, Pixabay, bitcoin Cash and bitcoin.com. 

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The post Wallet Provider Bread Adds Bitcoin Cash Support for Apple Devices appeared first on Bitcoin News.

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Take Two: SEC to Review Its Bitcoin ETF Decision

The U.S. Securities and Exchange Commission has announced that it will review its decision regarding the Winklevoss twins’ bitcoin ETF.

SEC to Review Its bitcoin ETF Decision

The U.S. Securities and Exchange Commission (SEC) will review its decision regarding the rejection of the bitcoin exchange-traded fund (ETF) proposed by Cameron and Tyler Winklevoss.

A statement issued by the SEC in response to a petition for review of the Disapproval Order by the Bats BZX Exchange reads:

[…] it is hereby: ORDERED that the petition of BZX for review of the Division’s action to disapprove the proposed rule change by delegated authority be GRANTED; and It is further ORDERED that any party or other person may file a statement in support of or in opposition to the action made pursuant to delegated authority on or before May 15, 2017.

The SEC first rejected the bitcoin ETF (COIN) proposed by the Winklevoss twins last month, citing risk of fraud and a lack of regulation in the bitcoin markets. The statement in which the SEC rejected the COIN EFT reads:

As discussed further below, the Commission is disapproving this proposed rule change because it does not find the proposal to be consistent with Section 6(b)(5) of the Exchange Act, which requires, among other things, that the rules of a national securities exchange be designed to prevent fraudulent and manipulative acts and practices and to protect investors and the public interest.

The petition filed by the Bats BZX Exchange will see the SEC’s action to disapprove the bitcoin ETF reviewed and possibly amended. If so, COIN ETF shares would be traded on a public stock exchange, providing an easy way for investors to capitalize on the price of BTC without the need to deal with Bitcoin exchanges, wallets, private keys, and so forth.

Winklevoss Chose Bats Exchange For a Reason

As noted by Blockchain researcher and host of the Crypto Scam podcast, Tone Vays, ‎in a 2016 interview, it is very likely that the Winklevoss twins chose to work with the Bats BZX Exchange on the COIN ETF for this very reason. 

Vays

“My guess is the reason that they changed is that Bats is the new kid on the block, so they push the issues a bit,” Vays explained. 

Not only does it make sense for the Winklevoss twins to identify with the Bats BZX Exchange due to the “experimental” nature of the COIN ETF, but it is also a great strategic move that ensured the exchange they partnered with would help them fight to see the bitcoin ETF approved.

Vays continued:

Nasdaq might not have been helping the Winklevoss fight against the SEC to get this approved and maybe Batz said ‘you know what, we’ll throw your lawyers at it’.

The Saga So Far

The Winklevoss’ bid to see a bitcoin exchange-traded fund on public stock exchanges is a saga that has been going on for roughly three years. It started with the filling of an S-1 form for the Winklevoss bitcoin Trust in May 2014.

Twins

The Winklevoss bitcoin Trust was based on the twins’ substantial bitcoin holdings (roughly 1% of the total supply at the time) and had Math-Based Asset Services LLC as the sponsor of the Trust. Later that year, a follow-up filling was made in order list the Winklevoss bitcoin Trust as an ETF on the NASDAQ OMX exchange with the name “COIN.”

Two years later, in June 2016, the twins filed a document that would see the ETF listed on the Bats exchanged instead of Nasdaq. The same filing also saw the ETF offering increase from $20 to $65 million.

Last month, the Securities and Exchange Commission (SEC) denied the Winklevoss Twins’ bitcoin ETF, which lead to the petition by the Batz BZX Exchange.

Do you think that the Winklevoss bitcoin ETF will be approved after the SEC’s revision? If so, let us know why in the comments below.

Images courtesy of Shutterstock

The post Take Two: SEC to Review Its Bitcoin ETF Decision appeared first on Bitcoinist.com.

Colonia pura by acqua di parma

Colonia Pura by Acqua di Parma

Colonia Pura by Acqua di Parma Hello fragheads, Hope everyone is staying fragrant. Today we’re going over last year’s release – Colonia Pura by Acqua di Parma. A fun, sparkling, bright, very happy and invigorating […]

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