SEC commissioner Peirce supports Bitcoin ETFs – July 27

Current Bitcoin Price: $7873 (as of 7:30 AM PST)

There’s blood on the charts today as the entire market falls by an average of 5%. Bitcoin and Ethereum are both down less than 4%, while Cardano, BAT, and Digibyte are down more than 7%.

Only a few coins have seen any gains in the last 24 hours. Of the more major ones, VeChain is up under 9% while Binance Coin and Tezos have appreciated 4% and 1% respectively.

Top Bitcoin & Crypto News Stories for 27th July 2018

SEC commissioner Peirce supports Bitcoin ETFs

The industry has been pushing for legitimate Bitcoin ETFs for years now. Only now are some of these cases coming through, including the Winklevoss Bitcoin Trust, for an SEC decision.

While the SEC may feel that the time isn’t right for the world’s first cryptocurrency ETFs, commissioner Hester M. Peirce disagrees. She’s published a formal dissent on the commission’s disapproval of the aforementioned fund.

Mastercard CEO calls cryptocurrencies “junk”

It’s only logical that conventional financial institutions would feel threatened by cryptocurrencies — although some may have chosen to embrace the technology. However, it looks like Mastercard falls into the former category.

Or so the words of Mastercard CEO Ajay Banga lead us to believe: “I think cryptocurrency is junk”, said the Delhi-educated economist earlier this week.

SatoshiPay prepares to go public on London Stock Exchange

SatoshiPay is one of Stellar’s major partners. It’s an online cryptocurrency payment platform that allows publishers to embed single-click nanopayments into their work.

The company has just announced that it’s preparing to go public on the London Stock Exchange, which it hopes will encourage new investors into the space.

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