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The SEC again failed to make a decision on the funds of Bitcoin-ETF, 10.5 million bitcoins were frozen on the purses. The turnover of crypto exchanges in April increased by 85%.
The SEC again failed to make decisions about the launch of the Bitcoin ETF fund from VanEck and SolidX. This time the commission decided to bring the discussion to public hearings. It published a document urging all interested parties to talk about their proposals for the fund within 21 days. After that, another 35 days will be given to the objection.
This suggests that, at best, the Commission will return to this issue in July 2019. The final decision must be made no later than October 18th. However, it can be taken on August 19th. It is on this day that the SEC should hold a regular meeting on this issue.
The research portal Bitinfochars has published the results of its research on Bitcoin turnover. Over the past year, 10.5 million coins have not been withdrawn from wallets. This represents 60% of the total number of coins mined. At the same time, almost every fourth, that is, 2.4 million btc, has been in wallets since 2012. In fact, they are taken out of circulation. And it is likely that a significant part of them remain forever in the repository.
Another 5 million coins are frozen for 3 years. That is, it turns out that there are about 7 million bitcoins in a more or less active turnover. In this case, the daily turnover is approaching 1 million btc per day. Perhaps this is the secret of increased cryptocurrency volatility over the recent period.
The company CryptoCompare has published data on the turnover of large cryptocurrency sites for April 2019. It is not surprising that this month it has grown by 85%. In fact, this figure is very closely correlated with the price of cryptocurrency assets.
However, not all trading platforms showed significant growth. The least added were the decentralized exchanges. However, they account for only 0.068% of the total turnover. And the best indicators of growth were at the stock exchanges, which issued their own tokens to stimulate users. Researchers say that not all crypto exchanges were able to increase their turnover. Clients you more often choose large service providers, with transparent conditions and low commission charges.