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originally posted by: SirBlackKnight
Today on march the 10th, The U.S. Securities and Exchange Commission denied a request to list what would have been the first U.S. exchange-traded fund built to track bitcoin, the digital currency.
Bitcoin Investors Cameron and Tyler Winklevoss have been working on the paperwork to convince the SEC to bring Bitcoin to the regulated market.
The price for Bitcoins plunged as much as 18 percent in a reaction to the news.
Earlier this month, Bitcoin reached a record price of nearly 1300 dollar. Investors in the digital currency were convinced that Bitcoin would be accepted for an ETF holding.
Bitcoin is a virtual currency that can be used to move money around the world quickly and with relative anonymity, without the need for a central authority, such as a bank or government.
originally posted by: seasonal
a reply to: ManufacturedDissent
Why bit coin and not gold/silver?
Not trolling, I have no idea what the advantages of bit coin is.