More Than $90 Billion Wiped Off Bitcoin's Value

Written by :

Guest

Published on :

8 August, 2018

Bitcoin had another bad day and so did investors who believe in the cryptocurrency.

Over $9 billion was wiped off bitcoin's value after the SEC postponed a key decision on a cryptocurrency ETF.

The EFT was proposed by VanEck and SolidX. VanEck has pushed for this on two previous occasions and failed.

The SEC claims it needs more time to review comments on the matter.

There are a number of applications underway to get a bitcoin ETF listed, but so far none have been approved by the SEC.

The price of bitcoin was just over $6300 just prior to Midnight Eastern Standard Time.

Up to 80% of all online gambling transactions are now done via bitcoin.

- Aaron Goldstein, Gambling911.com

Trending Prediction Markets: Fed Decision in September Hike 25bps 85 Percent Chance

The FOMC will meet for its September session after holding the target range at 3.50% to 3.75% in July, according to CNBC. The prediction markets have an 80% chance of an increase.

Pennsylvania Gambler Sues FanDuel: Says He Was Bombarded With Late Night Alerts After Losses

Maurice Faulk filed his civil suit accusing FanDuel of using data-driven promotions and repeated prompts to keep him betting at times he says he was least able to resist.

Stake.com Shuts Down Website in Ireland

The company, which bills itself as the “world’s largest”, was forced to take the drastic action following an intervention by the Gambling Regulatory Authority of Ireland (GRAI). Stake.com is no longer available to those in Ireland as a result.

Williston, North Dakota Sun Country Flights to Las Vegas Resume Following Allegiant Acquisition

Sun Country announced it is keeping its Williston, North Dakota (XWA)–Las Vegas (LAS) nonstop for the 2026 season, despite the uncertainty earlier this year surrounding Allegiant's planned acquisition of Sun Country.