SEC Suspends Trading In Bitcoin Tracker One & Ether Tracker One - September 10th Cryptocurrency News

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Last week we saw Bitcoin hit a one month high heading towards $7,400, but on Sunday we saw it drop below $6,300. And on Sunday we saw ether hit its lowest level in a year briefly falling below $190.

The US SEC has decided to temporarily stop trading in two investment products that track cryptocurrencies in order to protect investors. Trading in Bitcoin Tracker One and Ether Tracker One will be suspended in the US until September 20th.



The SEC said, "it appears that there is a lack of current, consistent and accurate information concerning Bitcoin Tracker One and Ether Tracker One. the broker-dealer application materials submitted to enable the offer and sale of these financial products in the United States, as well as certain trading websites, characterize them as “Exchange Traded Funds.” Other public sources characterize the instruments as “Exchange Traded Notes.”


Now let’s take a look at Dash as it is the winner out of the top 20 cryptocurrencies gaining more than 12% over the past 24 hours.


According to global Dash merchant directory DiscoverDash, over 3,000 businesses around the world now accept payment in Dash. This number has significantly risen recently as Dash has experienced an explosion in merchant adoption. On August 14th Dash hit its lowest level in 2018, today we saw it climb back over $200 again.





Sources: https://www.sec.gov/litigation/suspensions/2018/34-84063-o.pdf

https://www.dashforcenews.com/dash-now-accepted-at-over-3000-merchants-worldwide/



Please remember this is news, not investment advice
Category
NewsBTC Crypto News
Tags
btc, bitcoin, ETH, ether, ethereum, crypto, cryptocurrencies, cryptocurrency, DASH

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