The Top Reasons Investors are Still Racing to Cryptocurrencies

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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”

Big News: ICE Bakkt Reveals Physical Crypto Futures Product

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Cryptocurrencies got another big shot in the arm.  In fact, the Intercontinental Exchange (ICE) just announced its Bakkt platform’s first offering will be physical Bitcoin futures. According to a Bakkt tweet “Our first contracts will be physically delivered Bitcoin futures contracts versus fiat currencies, including USD, GBP and EUR. For example, buying one USD/BTC futures contract … Continue reading “Big News: ICE Bakkt Reveals Physical Crypto Futures Product”

US SEC Sets New Deadline for Bitcoin ETFs

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In late August 2018, cryptocurrencies pulled back on the U.S. SEC’s denial of nine ETFs. In fact, it rejected two ETFs by ProShares that would track Bitcoin future contracts.  It denied five inversed and leveraged ETFs from Direxion.  And it denied one from GraniteShares. The news came as no surprise The US SEC cited failure … Continue reading “US SEC Sets New Deadline for Bitcoin ETFs”

“Crypto Mom” Hester Peirce Suggests SEC Embrace Cryptocurrencies

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Months ago, SEC Commissioner, Hester Peirce dissented from her colleagues after the US SEC denied several Bitcoin ETFs.  Now, she’s further clarifying her position on cryptocurrency, ETFs, and innovation. “Regulators need to hop out of their helicopters and onto the free range,” she says. At a fintech conference in San Francisco, the Commissioner — labeled … Continue reading ““Crypto Mom” Hester Peirce Suggests SEC Embrace Cryptocurrencies”

US SEC Halts Trading in Two Cryptocurrency Products

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Apparently, the US SEC doesn’t take weekends off. The agency just suspended trading on two investment products that track cryptocurrencies.  Apparently, there’s confusion over whether the products are exchange trading funds (ETFs). Bitcoin Tracker One and Ether Tracker One are halted until at least September 20, 2018 Both products have a promise to track the … Continue reading “US SEC Halts Trading in Two Cryptocurrency Products”

NASDAQ could List Cryptocurrencies by 2019

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In early August 2018, there were rumors that NASDAQ could launch a joint venture with Gemini to list top cryptocurrencies for trading. Details are not clear yet.  But Bitcoin and Ethereum are likely to list on the exchange. In fact, according to Unhashed.com, a NASDAQ source noted: “The conversation around listing coins has centered on … Continue reading “NASDAQ could List Cryptocurrencies by 2019”

The Top 3 Reasons Bitcoin is a Buy

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Bitcoin prices have been quite volatile. But for those that can see the forest for trees, there’s plenty of upside opportunity.  That’s because Bitcoin is here to stay, despite bearish opinion. Here are the top three reasons to buy every dip. Reason 1 – Intercontinental Exchange The Intercontinental Exchange (ICE) intends to form a new … Continue reading “The Top 3 Reasons Bitcoin is a Buy”

Cryptocurrency Markets see Momentum, as SEC Promises Review

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All may not be lost for cryptocurrency ETFs. Sure, the US SEC may have jolted the market with more delays But that was to be expected.  Remember, the U.S. SEC can’t just approve the cryptocurrency ETFs because they feel like it.  Or because traders are begging and pleading for it. The government agency has to … Continue reading “Cryptocurrency Markets see Momentum, as SEC Promises Review”

Why Bitcoin Prices are Stable, Despite US SEC Ruling

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Despite the US SEC decision to deny nine ETFs, Bitcoin prices are surprisingly stable. It appears bad news has been priced into the coin. We truly expected to see a sizable sell-off, but it never came.  That’s because the U.S. SEC is taking a second look at the recent decision.  In fact, according to Commissioner, … Continue reading “Why Bitcoin Prices are Stable, Despite US SEC Ruling”

An Essential Cryptocurrency ETF Decision is Two Days Away

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The long-running Bitcoin ETF saga continues. In just two days, the U.S. SEC will issue its final decision on the ProShares ETF.  Fingers crossed, investors are hoping for positive news. That’s because rejection could lead to another pullback in the market. Final Deadline for ProShares ETF However, there may be a chance of approval.  This … Continue reading “An Essential Cryptocurrency ETF Decision is Two Days Away”