China is well on its way to having its first blockchain ETF traded on the Shenzhen Stock Exchange, as suggested in the official release by the exchange on December 24th 2019. The index fund is named "SZSE Blockchain 50 Index" and at the time of writing, no official information supports the case that it is actively…
An Exchange Traded Fund (ETF) is an investment fund that tracks prices of an underlying asset. It trades much the same as a stock. It brings together contributions from several individuals and puts them into different securities. An investor can buy or sell an ETF's holdings to diverse market participants. ETFs provide investment
options that feature…
Weekly Summary Russia is looking at Bitcoin as a way to mitigate the effect of the latest U.S. sanctions, Fortnite accidentally accepts Monero for merchandise shop, New York State forms a cryptocurrency task force, Overstock becomes the first company to pay taxes in crypto, New Swiss president is pro-crypto, Japan makes moves towards a crypto…
According to recent reports from unnamed sources, Tylor and Cameron Winklevoss, the founders of the Gemini Trust Company, operators of the Gemini cryptocurrency exchange, are debating to move their operations to the United Kingdom to get closer to European markets. The Gemini Exchange was founded back in 2014 by the Winklevoss twins, and quickly became one…
Welcome to our latest series where we cover the most interesting news stories that surface every week. You've caught this series at the very beginning, as this is our first instance. The main goal is to evaluate the week's events and happenings and identify the most interesting, most valuable news stories. The list is ordered chronologically,…
This year continues to be the most significant for blockchain development and adoption as the technology quickly moves toward mainstream use. Also, despite the months-long decline in market caps, interest in cryptocurrency investing continues to grow, notably in the institutional sector. For years governments and central banks have held that regulation is necessary to protect…
There has always been competition between Ethereum and Bitcoin to establish an ETF. We have now come to the final stage of this race. If you believe the predictions of the operators from EtherIndex Ether Trust (ETHX), an Ethereum based exchange traded fund (ETF), Ethereum is more likely to pass the winning line first. They believe their ETF…
If you’ve been following recent digital currency news, then chances are that you’ve heard that the U.S. Securities Exchange Commission has decided to reconsider their decision to block the Winklevoss Bitcoin exchange-traded fund project, thus determining a considerable increase in bitcoin’s value, putting it well above its last all-time high. Well, recent reports indicate that the…
The Bitcoin Exchange Traded Fund was denied. The crypto currency’s price declined considerably after the Securities and Exchange Commission announced its verdict. This application for ETF was a widely discussed topic for two years until SEC officials rejected said claim on the grounds Bitcoin is not regulated. Market price crashed from $1,350 to $1,080 right…
On Friday, the decision about the exchange-traded funds from Winklevoss (COIN) was declined by the SEC. The two main reasons for this decision is that they need surveillance sharing agreements, and all of the Bitcoin exchanges to be regulated. Spenser Bogart, head of research for Blockchain Capital feels that it's safe to say Bitcoin will prevail,…