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It closed at $1,268 on Thursday while a troy ounce of gold stood at $1,233.
joined:Nov 11, 2000
Bitcoin is crashing after the Securities and Exchange Commission rejected Tyler and Cameron Winklevoss' proposal for an exchange-traded fund. The cryptocurrency plunged more than 16% in the moments after the decision was released and is now down 14%, or $192, at $1,000 per bitcoin...
..."...the commission believes that the significant markets for bitcoin are unregulated," it continued. "Therefore, as the exchange has not entered into, and would currently be unable to enter into, the type of surveillance-sharing agreement that has been in place with respect to all previously approved commodity-trust ETPs - agreements that help address concerns about the potential for fraudulent or manipulative acts and practices in this market ...."