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Abra CEO Claims SEC Will Approve Bitcoin (BTC) ETF Within the Year

Cryptocurrency enthusiasts and bulls have been hopeful that the US Securities and Exchange Commission (SEC) will grant the first Bitcoin ETF (exchange-traded fund) this year. However, these bulls have been left disappointed recently as the SEC has handed out a handful of rejections and postponements. Bill Barhydt, CEO of Bitcoin payment start-up Abra, told CNBC that it’s because the applications sent in haven’t fit the financial archetype that the SEC is looking for. Abra CEO Speaks Out “I think the issue with the SEC, quite frankly, is that the people who are doing the applications don’t fit the mold of who the SEC is used to approving,”…

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Bitcoin (BTC) Breaks $8,100—Up, Up, Up It Goes!

Bitcoin (BTC) price has climbed above the $8,100 mark for the first time today since mid-May. Source: CoinMarketCapBig Week for Bitcoin Bitcoin’s bull run this week is leading many to predict a return of its 2017 bull run that pushed BTC to almost $20,000. Source: CoinMarketCapJuly 16th seems to have started this run when BlackRock, the world’s largest exchange-traded fund (ETF) provider, announced that its company had assembled a group to look into cryptocurrencies, more specifically, Bitcoin (BTC). This news immediately boosted BTC into the green with 4% gains. BlackRock, to date, has managed nearly $6.4 trillion in assets. News of potential institutional investors dipping their toes…

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