Cryptocurrencies are alive and well. After a disastrous 2018, and a bumpy ride in 2019, Bitcoin (BTC), for example, has exploded from a low of $3,782 to nearly $14,000. That’s after the coin broke well above July 2018 and May 2018 resistance. Should the coin be able to break above March 2018 resistance, it could be off … Continue reading “The Top Reasons Investors are Still Racing to Cryptocurrencies”
ETF
SEC Commissioner Hester Peirce Says Crypto ETF is ‘Definitely Possible’
The Commissioner of US Securities and Exchange Commission is positive about cryptocurrency ETF. In an interview with the makers of “What Bitcoin Did” podcast, Hester Peirce states that a cryptocurrency ETF is “definitely possible.” She says that calling something crypto “does not mean you can ignore the rules we have had in place for years, … Continue reading “SEC Commissioner Hester Peirce Says Crypto ETF is ‘Definitely Possible’”
Binance Labs Invests in OTC Trading Desk, Koi
Binance, the world’s largest exchange, has announced they’ve invested $3 million in over-the-counter (OTC) trading platform, Koi. They’re eager to bolster Koi to help meet their own goals of broadening investment opportunities in the crypto market. San Francisco-based Koi Trading is an OTC desk geared mainly towards institutional investors and wealthy individuals. Binance seems to … Continue reading “Binance Labs Invests in OTC Trading Desk, Koi”
Cryptocurrency ETFs: What are they and what do they do?
Chances are that you have heard about ETFs if you are into cryptocurrencies. They have been in the news recently for their activities in seeking regulatory approval. ETF stands for Exchange Traded Funds. Cryptocurrency ETFs are digital coin exchanges on which cryptocurrency trade occurs. They are based on blockchain technology but the idea is similar … Continue reading “Cryptocurrency ETFs: What are they and what do they do?”
Cryptocurrency ETF Approval: The First One Goes Live this Week
The U.S. investment watchdog, the Securities and Exchange Commission (SEC) has repeatedly turned down Exchange-Traded Funds (ETF) seeking its approval. However, while the U.S. regulators are dragging their feet, their Swiss counterpart seems to be setting the pace. The global cryptocurrency community will welcome the first-ever ETF on a traditional stock exchange. A crypto startup, Amun … Continue reading “Cryptocurrency ETF Approval: The First One Goes Live this Week”
Blockchain Investor says Bitcoin ETF will Ignite the Next Crypto Rally
The cryptocurrency market reeks of lackluster performance lately, to say the least. To support that fact, data from many cryptocurrency analytical platforms depicts how bad the market has become. However, it appears that the things are normalizing now. Indeed, records from CoinMarketCap suggest that the market has become increasingly resilient and stable. Therefore, the approval … Continue reading “Blockchain Investor says Bitcoin ETF will Ignite the Next Crypto Rally”
VanEck Director Hopeful Cryptocurrency ETF Will Be Approved
A Bitcoin ETF could attract billions in new investments, says Gabor Gurbacs, director of Digital Assets Strategy at VanEck. In an interview with CNBC, he noted a VanEck product would serve as a safeguard for investors. “What sets our ETF apart is that it’s a physical bitcoin ETF. So, it stays true to the bitcoin … Continue reading “VanEck Director Hopeful Cryptocurrency ETF Will Be Approved”
Larry Fink: BlackRock Won’t Offer Crypto ETF until Industry is Legitimate
BlackRock CEO Larry Fink discussed his views on cryptocurrency and a crypto ETF in recent days. Based on what he said, a BlackRock crypto ETF is not likely any time soon. CEO Larry Fink acknowledges a Big future for Cryptocurrency “I do see one day where we could have electronic trading for a currency that … Continue reading “Larry Fink: BlackRock Won’t Offer Crypto ETF until Industry is Legitimate”
US SEC to Review Nine Rejected Bitcoins ETFs Next Week
The US SEC has set November 5th as the deadline for reviewing all ETF applications. The commission indicated that the deadline date will give investors time to review their investments and comply with new rules. The proposed rules will change the trading methods of exchange traded funds and Bitcoin.Additionally, the review will affect 9 ETFs … Continue reading “US SEC to Review Nine Rejected Bitcoins ETFs Next Week”
Five Key Reasons a Bitcoin ETF May be Near
Exchange-Traded Funds (ETFs) have been one of the biggest question marks for cryptocurrency this year. The Securities Exchange Commission keeps investigating and deliberating. And they continue to turn down proposals. However, as we start waving goodbye to 2018, things may be looking up for a crypto ETF. Why does an ETF matter? For investors, an … Continue reading “Five Key Reasons a Bitcoin ETF May be Near”