Five most important dates for Bitcoin before 2020

The crypto industry is preparing for several interesting and eventful months. From deciding the injunction of the New York attorney general against Bitfinex and Tether to finally deciding the long-awaited cryptocurrency ETFs, here is a list of some of the most important dates in the cryptocurrency industry to look out for.

22 August: New York Attorney General's Prohibition Against Bitfinex Expires

Ongoing deal between iFinex, the parent company Bitfinex и Tether, and the Attorney General of New York (Nyag) is about to become an important milestone. Earlier, in July, the judge adjourned the date to decide whether to dismiss the case or continue the trial. After iFinex filed a motion to dismiss, Judge Joel M. Cohen said he would extend the injunction until 22 on August.

Although the potentially illegal loan received by Bitfinex from its subsidiary Tether may not seem like an important milestone for the crypto industry, the court decision may affect the cryptocurrency market. Namely, if the judge decides to reject the iFinex application, the decision will ultimately be made in favor of the New York Attorney General.

This will not be the end of the matter, but it will give NYAG the best chance to prove that Bitfinex has mixed corporate funds to cover losses and serve customers in New York, despite a clear ban. However, if the judge decides to accept the application, this will allow both Bitfinex and Tether to continue their work and recover some of the losses incurred by them during the proceedings.

23 September: Bakkt will be officially launched

After months of waiting, Bakkt finally got all the regulatory approvals needed to launch its Bitcoin futures platform. On August 18, Bakkt CEO, Kelly Loffler, announced that the platform will be officially launched on September 23.

Although some analysts predict that Bakkt will increase institutional interest, the cryptocurrency market has already begun to show very bullish signs. Since the announcement of Bitcoin news grew by more than xnumx dollarsthat pushed the rest of the market.

What makes this date special is the fact that this will be the first time that physically sound Bitcoin futures are offered on the market. With less speculation, many analysts predicted that Bakkt would allow more institutional money to enter the cryptocurrency market.

13 October: SEC makes final decision on Bitcoin ETF

In the first weeks of October, the Bitcoin ETF race is likely to end. The U.S. Securities and Exchange Commission (SEC) is expected to make a final decision on the Bitwise offer of 13 exchange funds (ETFs) on October.

With the first proposal filed earlier this year, Bitwise spent most of 2019 of the year dealing with constant delays and renewals by the SEC. The Commission continued to cite issues such as market manipulation, market surveillance, and discrepancies in futures trading, as the main issues that it has so far been reluctant to endorse.

While the SEC must also make decisions regarding other ETFs, a decision regarding Bitwise will be made first.

18 October: SEC rules on whether to transfer VanEck / SolidX ETFs

Just 5 days after the Commission decides on the Bitwise ETF, it is expected to reach a verdict on the ETF proposed by Cboe. First proposed in January of this year, the joint offer of BacEck and SolidX ETF also faced several extensions and reviews.

If the SEC approves this offer, it will allow the Cboe BZX exchange to transfer the shares of the Bitcoin-ETF joint trust. Although it is still unclear which proposal is most likely to be approved, both will have an equally significant impact on the market.

28 October: Submission of final rehabilitation plans for Mt.GOx

The Saga of Mt. Gox, the notorious Japanese cryptocurrency exchange that has lost more than 850 000 BTC as a result hacking 2011 of the yearfinally come to an end. The deadline for the final submission of rehabilitation plans for injured creditors expires at the end of October.

The guardian of this rehabilitation exchange Nobuaki Kobayashi has filed a request to extend the deadline for submitting a detailed rehabilitation plan, receiving a six-month extension. This means that on October 28 Kobayashi will have to submit a plan with a detailed description of the terms and method of repayment of approximately 24 000 lenders who suffered from the hacking of 2011 of the year and the subsequent collapse of the exchange.

This means that creditors can start receiving payments by the end of the year. While it's hard to say how long it will take to repay all those affected, the action itself could bring a lot of positive sentiment to the market. Believing in a system that punishes the theft of cryptocurrencies and offers assistance to the victims ensures that people get into a relatively safe space – this is ultimately a win for the crypto industry.

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