Home / Business / Coin telegraph declare : What Happens If Bitcoin Unlimited Splits After Bitcoin ETF Approval?

Coin telegraph declare : What Happens If Bitcoin Unlimited Splits After Bitcoin ETF Approval?

collected by :John Locas

as informed in

Following news that Antpool mined a Bitcoin Unlimited block and several how-to-manage double Bitcoin wallets tutorials burst online, some Bitcoin users have joined the call to raise a bounty that was initiated by Samson Mow, an entrepreneur who has committed to offering one Bitcoin for the bounty.
This amount is still below the amount a known voice in the Bitcoin Unlimited camp stated his team would offer to “control the damage” UASF will do to exchanges.
Todd added that the ETF hasn’t hired competent Bitcoin experts to evaluate their plans.
Meanwhile, the unfolding situation continues to be a testament of what Bitcoin was created to withstand – contention and disagreement.
This is a key lapse in the ETF arrangement that hasn’t been fully discussed and factored into the filing request.

As it stated in

Bitcoin prices saw a significant price spike this morning, briefly shooting above $1,300 to hit a new all-time high.
The price developments come as the US Securities and Exchange Commission nears a decision on a rule change that would clear the way for a proposed bitcoin exchange-traded fund (ETF).
Image via ShutterstockUpdate: This article has been updated to reflect that the price of bitcoin fell to a low of $1,067.20 on Bitfinex during the market drop.
That decision is expected today, though as of press time, the agency has yet to release any information regarding the ETF.
The price drop appears to have been seen most directly on digital currency exchange Bitfinex, reaching a low of $1,067.20, according to BFXData.comAt press time, the price is an average of $1,263.98, BPI data shows.

Bitcoin Price Spikes Above $1,300 As ETF Outcome Nears*/

As it stated in

Bitcoin May Go Boom If SEC Approves Winklevoss ETF

The agency must decide if the BATS stock exchange can change its rules to offer a bitcoin ETF (exchange traded fund), which would let people buy bitcoin like a common stock.
There is also a sense that a bitcoin ETF is sooner or later inevitable.
The SEC’s bitcoin decision, which is over three years in the making, is due by Friday.
The ETF—called the Winklevoss Bitcoin Trust ETF—is the creation of the Winklevoss brothers, who once fought Mark Zuckerberg for control of Facebook, and now own a large stock of bitcoins.
[Update : The SEC rejected the ETF proposal on Friday afternoon, causing the price of bitcoin to slump.]

Bitcoin May Go Boom If SEC Approves Winklevoss ETF*/

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