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4C Newsflash of September 04

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Market Cap at 2:49 (UTC) – $265,629,433,678 billion 

Bitcoin dominance: 70.5% 

BTC $10,446.56 (-1.98%

ETH $176.8 (-2.04%

XRP $0.259889 (-1.30%

Dutch central bank is going to oversee blockchain firms


According to Reuters, the central bank of Netherland said that they would start overseeing cryptorelated companies from January 10th. Moreover, crypto firms must register with Netherland central bank to run their business.

VanEck and SolidX to sell Bitcoin ETF


After another Bitcoin ETF delay, VanEck and SolidX have decided to issue a limited version of Bitcoin ETF using a rule excluded from selling securities. The said Bitcoin ETF can be sold for a few institutional investors. Per the article, SEC Rule 144A allows the investment firms to sell securities to qualified institutional buyers which means VanEck and SolidX will be able to sell their Bitcoin ETF to large firms such as banks, hedge firms, etc. Read more

Luxembourg subsidiary of PwC will soon accept BTC


PwC Luxembourg recently announced that the firm was going to accept Bitcoin for payments starting from October 1st, 2019. Moreover, PwC Luxembourg believes that there is a growing demand for crypto payment and they need to adapt to clients need.
 


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