Yahoo Finance Bitcoin Rally Cools After Climbing Above $7,500
Investing.com – Bitcoin’s rally cooled on Thursday after recording its biggest three-day rally this year and climbed above the $7,500 mark earlier this week, although it remains more than 60% below its all-time high in December.
Bitcoin (Bitcoin) was trading at $7,323.3 by 12:01AM ET (04:01 GMT) on the Bitfinex exchange, down 1.9% in the last 24 hours.
Ethereum, the world’s second largest cryptocurrency by market cap, lost 6.5% to $475.5 on the Bitifinex exchange.
Ripple’s XRP token was plunged 8.1% to $0.47811 on the Poloniex exchange.
Reports that the CFA Institute is adding topics on cryptocurrencies and blockchain to its Level I and II curriculums for the first time next year received some focus.
“We saw the field advancing more quickly than other fields and we also saw it as more durable,” said Stephen Horan, managing director for general education and curriculum at CFA Institute in Charlottesville, Virginia. “This is not a passing fad.”
Meanwhile, Coinbase made headline as it said it never received an endorsement from the the U.S. Securities and Exchange Commission to move forward with a trio of acquisitions, contradicting its comments earlier this week.
An SEC spokeswoman also reportedly said that the agency did not give Coinbase explicit approval for the deal.
Coinbase said it was considering to buy Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC.
“It is not correct to say that the SEC and FINRA approved Coinbase’s purchase of Keystone because SEC was not involved in the approval process,” Coinbase spokeswoman Rachael Horwitz said in an email Tuesday.
“The SEC’s approval is not required for the change of control application,” Horwitz said. “Coinbase has discussed aspects of its proposed operations, including the acquisition of the Keystone Entity, on an informal basis with several members of SEC staff.”
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