Jump to content

Bitcoin discussions and knowledge share


jbunny007

Recommended Posts

Why 6th of February is extremely important for the cryptocurency market?

On the 6th of February, the heads of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (SEC) are set to testify on cryptocurrencies during a U.S. Senate hearing.

What does it mean? 

SEC Chief Jay Clayton and CFTC Chief J. Christopher Giancarlo set to appear as witnesses during the hearings at The Senate Committee on Banking, Housing, and Urban Affairs. The major topic of the hearing is: "Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission"

Both Clayton and Giancarlo support ICO and cryptocurrency "investment" regulation. 

What is Senate hearings and why is it so important?

The primary goal of any committee during the hearing is to collect and analyze information in the early stages of legislative policymaking. If The Senate Committee on Banking invites SEC and CFTC Chiefs, it's clear that US legislators are very interested in cryptocurrency market regulations. 

As we might previously noticed, news about ICO regulations in Korea and China caused serious market panic-sell and corrections. Again, we can't say for sure the outcome of the hearings but it's logical to assume that we might see further ICO restrictions and regulations of the market as it's the nature of the government to regulate things. 

Does it mean that it will completely crash Bitcoin? No, absolutely not. Will it prevent market recovery? - Very possible that it will contribute to the bear market strength, blocking bulls from any active actions.

Link to comment
Share on other sites

10 minutes ago, ronitreddy said:

yes

I transferred at 5pm pst with 200k gas and 60gw. Vaadi website lo gas limits follow ayya. 

5:19 ki success ayindi. Arcblock website lo choosthey transaction pending undi. I guess naadhi poley. 

Link to comment
Share on other sites

22 minutes ago, xxxmen said:

120 mida kondam ankuntuna

41 minutes ago, xxxmen said:

Market recover ayite ganaka ltc mamuluga ga bounce back avadu

yes....6th  roju news choosaka,110 meeda oka 10 ltc...90 meeda neo oka 10 buy cheddam anukuntunna

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...