Investors should take note of the four significant events involving Bitcoin and cryptocurrencies in the first quarter of this year. Here are the details about the events.
Bitcoin futures trading on
VanEck/SolidX’s Bitcoin ETF
The U.S. Securities & Exchange Commission would decide whether to permit VanEck/SolidX’s Bitcoin Exchange-Traded Fund on Feb.27. However, it is still doubtful whether the SEC would endorse the application.
Mt. Gox’s Coin redistribution
Mt.Gox, a Bitcoin exchange in Tokyo, handled over 70 percent of all Bitcoin transactions worldwide.
It was the largest Bitcoin intermediary in 2014. However, it suspended trading, closed its website and exchange service, and filed for bankruptcy protection from creditors. It started liquidation proceedings in April 2014.
Investors who lost money due to hacking into Mt.Gox would get coins sometime in May and June. Mt. Gox has 166,000 Bitcoins and 168,000 Bitcoin Cash for a total value of $665,500,000.