U.S. Securities and Exchange Compensation (SEC) announced that it has turned down the proposal of Bitcoin ETF that was sent by the Winklevoss Twins, blog post statement. The price of Bitcoin dipped listed below the $8,000 mark, CCN reported.
The application was reportedly evaluated by the SEC for the second time after Gemini founders Cameron and also Tyler Winklevoss appealed. Actually, for the 2nd testimonial, SEC began a round of public comment. Formerly, on March 10, 2017 the initial application was denied.
The information is to be updated quickly.
A Business Correspondent at Beyond Bitcoinx, Priya Raja has more than three years of professional experience in journalism. She has worked as an Assistant Editor and Content Writer prior to this, and has done Technical Writing and Business Writing. Outside the professional realm, she loves blogging, painting, crafts, and dancing. Basically, anything CREATIVE!