As Bitcoin Roars Into 2020, The Winklevoss Twins Make Wall

Winklevoss twins see bitcoin as better than gold. Brothers hope to launch ETF soon

Winklevoss twins see bitcoin as better than gold. Brothers hope to launch ETF soon submitted by _smudger_ to Bitcoin [link] [comments]

@business: SEC rejects Winklevoss twins' request to launch Bitcoin ETF https://t.co/QTL04u4mlX https://t.co/LG6zQZtcpx

@business: SEC rejects Winklevoss twins' request to launch Bitcoin ETF https://t.co/QTL04u4mlX https://t.co/LG6zQZtcpx submitted by -en- to newsbotMARKET [link] [comments]

@crunchbase: RT @crypto: SEC rejects Winklevoss twins' request to launch Bitcoin ETF https://t.co/qceEbbldXg https://t.co/yrFO4AFaoH

@crunchbase: RT @crypto: SEC rejects Winklevoss twins' request to launch Bitcoin ETF https://t.co/qceEbbldXg https://t.co/yrFO4AFaoH submitted by -en- to newsbotFUNDING [link] [comments]

Winklevoss Twins Committed to Launching Bitcoin ETF

Winklevoss Twins Committed to Launching Bitcoin ETF submitted by Ranzware to BitNewsLive [link] [comments]

SEC Says No to Winklevoss Twins’ Bitcoin ETF Application for The Second Time - OKCoin Joins SharesPost’s Upcoming Revolutionary GLASS Network - MyEtherWallet Launches Mobile ‘Hardware Wallet’ App Beta for iOS

submitted by cryptocompare to cryptocompare [link] [comments]

Winklevoss twins see bitcoin as ‘better than gold’ Brothers hoping to launch a bitcoin ETF soon

Winklevoss twins see bitcoin as ‘better than gold’ Brothers hoping to launch a bitcoin ETF soon submitted by easyusername1 to Futurology [link] [comments]

Winklevoss twins see bitcoin as better than gold. Brothers hope to launch ETF soon

Winklevoss twins see bitcoin as better than gold. Brothers hope to launch ETF soon submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Don’t listen to what people are saying, look at what they’re doing.

When I was first exposed to Bitcoin I thought it was a fraud and a Ponzi scheme. It didn’t make any sense that people were mining this internet magic money and claiming it had value. I saw Bitcoin rise from $7 to $1,200 before it came crashing down to $200 and I thought that was the end of Bitcoin. However, Bitcoin was still worth about 3 Billion Dollars and I knew I must be missing something important. When something's fraudulent or is a bubble it goes to zero with little to no volume. Roberto Maeda, Bernie Madoff, and Enron all went to zero because it no longer had any value.
After some research, I finally understood the power of Bitcoin and the blockchain. I realized that this was a way for people who didn't know each other, like each other, or trust each other could transact in a trustless way. We could own value that nobody else had any claim over which is not how the world works right now. It doesn't matter how wealthy you are because if the government wants to take away your money then there’s really nothing you can do about it. Cryptocurrency solves this problem.
The last time something like this happened was during the mid-90s. Individuals were making enormous amounts of money buying companies like Dell, AOL, Microsoft, Netscape and some of the other smaller internet stocks. Institutions had completely missed the bull market and were looking for a way to join. The bear market in 1994-1995 provided a great opportunity for them. Institutions were out saying “Oh anybody buying Internet stocks, you're idiotic” and so you started to see people selling their AOL, Microsoft, and Dell shares. I’m sure you can guess who was buying, it was the institutions.
Institutional allocation to venture capital internet deals doubled between 1994-1995, which was exactly when institutions were spreading all this fear, uncertainty and doubt into the minds of small investors. You can go back and look at some old CNBC clips during 2003 and you’ll see them saying “Oh don't buy tech stocks, everyone knows they're evil”. However, if you look at the 10-Ks, 10-Q's and all of the quarterly filings of these institutions then you would find that they’re all loading up on tech stocks. They literally stole all this wealth that should have been in the hands of individuals and put it into their own pockets. From 1995-2000 we saw 5 Trillion dollars come into the market which propelled one the biggest bull runs we've ever seen. This blueprint of creating fear in order to get cheap prices isn't anything new and we’re seeing it again with Bitcoin and Cryptocurrency.
Don’t listen to what people are saying, look at what they’re doing
Follow the Money
Chicago Board of Options Exchange (CBOE)
Since 2014, people have been trying to do these ETF’s. I knew it was never going to happen, there's no way the SEC is going to approve it. The Winklevoss twins have been trying since 2014. There's no way the SEC is going to trust, in their eyes, a couple of kids with a Bitcoin ETF. They’re not Wall Street guys, and they don't think that they have the ability to protect the assets or the end-user. They want to make sure that this doesn't become a giant disaster because if it does, they’ll lose their jobs.
Then you have the Chicago Board of Options Exchange, one of the most trusted and most important financial institutions in the United States. It's up there with Swift, the NYSC, and the Nasdaq. They do more derivatives trading than anywhere else in the world and they’re the largest options platform. They came in and they said that they would provide insurance for this ETF, which is huge! If it gets hacked, if there's fraud, if somebody loses the key or anything happens that could potentially impact the value or security of the cryptocurrency held there then they would cover it. So now it's the big boys at the table, it's the adults. The CBOE and the SEC, they speak the same language, they all know each other and they all go to the same places.
The fact that the CBOE has put their stamp of approval means that this ETF is going to get approved unequivocally. The earliest it could happen is August 16th, the latest it can happen is Q1, 2019. I don't think it's going to happen August 16th (CONFIRMED 8/8/18). It will happen closer to the end of this year. As people start realizing that this is actually going to happen, the price of Bitcoin will go up significantly.
DISCLAIMER: This post was from Teeka Tiwari during an interview with Glenn Beck. I took bits and parts of this interview that resonated with me the most and tried to convey them in an easy to read text.
EDIT: Fixed grammar errors.
submitted by lZobot to Vechain [link] [comments]

Crypto Investment Up 300% in Third Quarter, Grayscale Reports

Grayscale Investments, which offers investors access to Bitcoin and other cryptocurrencies in the form of shares, on Tuesday reported a record third-quarter inflow of over a quarter of a billion dollars.
In a report, the New York-based investment firm said Q3 inflows amounted to $254.9 million, which is triple the $85 million it posted the previous quarter, and that 84% of the new funds came from hedge funds and other institutional investors.
Grayscale’s third quarter investment figure is striking in part because the crypto market has been in a slump during this time. While a rally earlier this year saw the price of Bitcoin hit $12,000 in July, its value has fallen by around a third since then.
According to Grayscale’s managing director, Michael Sonnenshein, the record inflows are the result of a growing number of professional investors deciding to make cryptocurrencies a part of their portfolio mix. He also credited the company’s recent “Drop Gold” advertising blitz, which encourages investors to buy crypto rather than precious metal—a choice Grayscale says is appealing to younger people.
“When the world gets to be the way it is at the moment, these institutions want a new source of alpha,” said Sonnenshein, referring to investments that can out-perform the market. “There’s also a growing acceptance that younger generations want a part of this asset class.”
But while Grayscale touts the appeal of various digital assets, its report shows that 67% of third quarter investments went into the company’s Bitcoin Trust shares, while virtually all the rest went to shares of other cryptocurrencies, Ethereum and Ethereum Classic. Other Grayscale offerings such as XRP and Zen attracted virtually no interest.
Sonnenshein explains the disproportionate interest in the company’s products as a function of liquidity. Specifically, Grayscale customers—who must be accredited investors—can sell their shares a year later in the public market, but only in the case of Bitcoin, Ethereum, and Ethereum Classic.
Grayscale is asking regulators to allow this liquidity option for its other products, says Sonnenshein, adding he expects interest to spike if they receive approval. Meanwhile, the company received approval this week from regulator FINRA to sell shares of its Digital Large Cap Fund—an ETF-like investment made up different cryptocurrencies—to the general public.
The Grayscale report also notes that the majority of investors in the third quarter bought shares using cryptocurrency rather cash—in most cases, trading actual Bitcoin for shares in a Bitcoin trust.
Sonnenshein says such decisions are likely the result of institutional investors lacking the legal and security infrastructure to hold actual cryptocurrency, which is vulnerable to being hacked. Shares in a crypto trust provide an easier option, he suggests.
The service, however, comes at a cost: Grayscale clients pay a management fee of between 2% and 3% for owning the company’s products.
Grayscale expects to make a new advertising push in coming months. Citing the success of the “Drop Gold” ads, Sonnenshein says a similar campaign will launch in the near future.

More must-read stories from Fortune:

Digital assets will ‘trickle, trickle, trickle—then flood,’ State Street exec says
—Credit Karma is launching a savings account, but ‘high yield’ is relative
IRS’s new cryptocurrency rules create ‘messy’ problems for industry
—Ripple CEO not bullish on Facebook’s ability to launch Libra cryptocurrency
—7 CEOs on the [future of Bitcoin
](https://fortune.com/2019/07/22/7-ceos-on-the-future-of-bitcoin/)_Sign up for[_The Ledger](https://cloud.newsletters.fortune.com/fortune/nloptin?nl=THE_LEDGER&source=LinkStack)_, a weekly newsletter on the intersection of technology and finance._
* More Details Here
submitted by acerod1 to Business_Analyst [link] [comments]

The Story of ICODOG, November Progress Report

Crashing through the support lines like a Boss
If you are reading this, then your awesome! ICO DOG started off as a simple twitter channel in January 2018. People started to follow the dog, because we provided useful insights into ICO investing and whitelist links. Back then people still had to race everyone else to get into these things, before they would dump hard. In February we then had the first guys asking us to make a telegram chat room for the community and use primablock to pool funds together to send to such projects. It was a very exciting time to see ICO DOG brand grow so organic. After that, the market crashed 20% every single day. That was a rough period. To be honest, the whole year was a stony road. Several people came together, that were very active in the telegram channel and formed a team. It was like a mini DAO. We had review & marketing guys, tech guys, lawyer team and all that happened by itself on Telegram. We build the first Presale Platform, created a cool UI for users introduced a level system to build the community and later even added master nodes. However, things just became more and bleaker. As Bitcoin fell closer to $3000 more people left and the group became silent. Sounds like a sad story right? Well, every good storyline has a downturn, followed by a boost of motivation to get through all the shit. A few months ago, we decided that the ICO space became a bit too scammy in 2018. We started to become more selective with the investment choices and eventually stopped pooling altogether. Pooling was about winning together, and it’s not fun if everybody loses. We started to look into other forms of revenue that we can build up to keep us over water until the bear market is over. What we love to do the most is community building, and community is the MOST important aspect of a decentralized network. The idea of blockchain was it to move from a centralized system to a decentralized one. This word decentralized is being thrown around on a daily basis although most people still do not understand what it means to change the architecture from centralized to decentralized. Most if not all big projects still have a very centralized structure going on with a few exceptions like Bitcoin, Ethereum & Steem.
Understanding decentralized Architecture
A decentralized architecture is fundamentally different to anything we know as of know. That’s also why it’s so hard to understand. Think of bitcoin as the first decentralized company. Let’s call it Bitcoin Crop. To help understand the Bitcoin Company metaphor, let’s say bitcoins properties are the products that this new decentralized company is producing. Common things said about Bitcoin is its decentralized, censorship resistance peer to peer money. These are often the terms used when people tell you why you should buy bitcoin. Bitcoin is the fastest growing asset of all time. Therefore Bitcoin as the first decentralized company is the fastest growing Company in the world, reaching an evaluation of over 300 Billion USD in less than 10 years. Although the Bitcoin Company is producing high-quality stuff, the products themselves are only as good as the sales, distribution, marketing and that where decentralized architecture kicks centralized companies ass. To make things even more complicated we now have to rethink what it means to be paid and to receive a salary. In a centralized company, build on the centralized architecture model, you work for your boss, who has a boss and that boss gets told what to do by some CEO who then has to take his others from shareholders. The money “trickles down” the food chain and by the time it reaches the bottom almost all of it is gone. Let’s compare this with the first decentralized company Bitcoin. In the Bitcoin company its a bit more complicated than that. In the early days of the company, if you want to work there, you actually have to pay the company first! Crazy I know! Think of it as some tribute to show your loyalty to the Network. The earlier you join, the less you have to pay, and the more of the company network you own. In the early days of Bitcoin Corp. most of the employees there were just engineers and a few crazy marketing guys. Things became a lot more interesting in 2013, when some important people started to work at Bitcoin Corp. People like the Winklevoss twins, Roger ver, Chamath Palihapitiya and many others bought a big share in Bitcoin Corp. and thereby earned the right to work for the Bitcoin. After that, Bitcoin Corp started to grow exponentially, because those new high-class employees had a lot of leverage and even more incentive to grow Bitcoin. The harder they would work the bigger the company would become and the more valuable there coins would be. This was the birth of the first decentralized payroll. Most of the mentioned people earned millions working for Bitcoin and are still working hard getting ETFs approved and spreading the word about it. Every person that owns Bitcoin becomes an employee at Bitcoin Corp. Everybody is rewarded for the work that anybody does, and everybody is incentivized to help grow the Bitcoin company.
Introducing a New Way of Doing Everything
A few months ago, we decided to build software to help ICOs build their own decentralized Networks. We called the system Proof of Engagement and called the Software the DAO Maker. Pun intended. Proof of Engagement is a concept that helps onboard new users and uses token bondage curves and community incentive to create an organic community of long-term token holders. We took our functions that we build to detect contributors in an ICO pool and combined it with our Point system to great a smart community program. The idea is that users can join the ICO before it starts and do community work, quizzes, and other services before the public sale ends. Once the tokens are unlocked, those users that joined the ICO will get their investment tokens + engagement reward tokens. Users can then continue to earn community bonus tokens monthly, but ONLY if they keep their ICO token in the wallet which they used for investing into the ICO. The monthly rewards increase with:
Time user holds the initially invested coins.
Time users hold their earned engagement tokens.
The total amount of tokens held by registered users.
The total amount of tokens user is currently holding.
Current users community level.
Monthly earned points.
All of these factors are added together, to give the exact value that a user will receive monthly. Put simply its a micro staking system, that rewards engaged users in tokens. The result is a dynamic token bonded community. People have incentives to build and help the network, the more experience that have the more tokens they will own, the more tokens they will earn. The system incentives loyalty and hodlers, while also makes it possible for new users to join the system and help the network to grow. For a deeper understanding on Dynamic Token Bonding Curves you can check out some publications on Token Economy here 
The best KYC & AML & CTF in Crypto
For the past months, we were talking to A LOT of KYC providers. We quickly came to the conclusion that most of them are scams. The state of Anti Money laundry in crypto is pretty scary. I lots of people will end up in court for violating the AML directives. Currently, most ICOs do not comply with KYC & AML laws. The EU currently requires to be compliant until the 4th EU AML directive, which will change in 2019. We are already compliant with EU AMLD5, which is not in force yet but already includes cryptocurrencies, we are a step ahead of the curve in the EU. Starting this week, we will introduce the new KYC & AML features on our Platform. We are using the newest system of machine learning to scan a users face and password as well as detecting an applicants voice, to generate a complete biometric signature of his application. We will be able to onboard KYC & AML application in real time and will be one of the first fully compliant with the new regulations of 2019. 
Updates to ICODOG Reviews
We changed the homepage for ICO DOG to show more crypto stories, reviews and post analysis. We are working on a more in-depth redesign for ICODOG.IO in 2019. We added a few new Blog sections namely, ICO Analysis and Post ICO Reviews and Crypto Stories. We want to take more time in 2019 to evaluate ICOs that concluded their Sale in 2017 & 2018. We are planning to make this a decentralized work effort with the help of Token Curated Lists (TCL). We will make a few posts about TCL in the next few weeks. ICODOG.IO is focusing on providing value-adding content, not the same stuff that the mainstream crypto outlets write about. This will be a really cool project that we are very excited to start next year and finish by end of Q1 2019. We welcomed 3 new writers to the ICODOG team and are trying to produce useful content every day.
New Partnerships & Business Development
Last month we Partnered up with several high-quality service providers as well as high potential ICOs. We will add all of the new partners on the Partners on the Partners tap of the updated website. Looking forward to building the new world with likeminded people.
ICO DOG Platform Upgrade 2.0
We been very busy and added a lot new feature on ICO DOG Investment platform. We are still in bug hunting so if you use the bug bounty tap on the platform to help us. We added some cool features that will make the life of many a lot easier. Automated twitter confirmation Users once a user connects their Twitter account in the profile section and starts generating tweets and retweets, these actions will be detected at midnight automatically. That means users do not need to click claim every day, but instead can earn points directly on Twitter. Reddit Automated Integration Users can now also join the Reddit campaign and generate threads and comments to spread the word about ICO DOG. We increased the team to help with the distribution of content among all the social media accounts. This should help you guys earn points quicker and easier as well as build a community on Reddit. For launching this new system we are increasing the points for reddit registrations by 3x. Ambassador Program We added an Ambassador Program for the ICO DOG community. We added Ambassador status to several people already that have been part of the community for almost a year and been working together through this bear Market. Ambassadors have special rights and access to social media accounts, discord reddit and will be informed about the latest updates.
ICO DOG COIN
We plan to introduce the ICO DOG Coin next year. This coin will be the fuel that powers all of the ICO DOG utility. Ambassadors will get monthly airdrops in the ICODOG coin depending on their contribution. Part of the revenue that ICO DOG will make goes into the coin via buybacks and token burns. As we are not raising any funds from nobody, the coin is cannot be considered a security. All new Features Summarized Following a few of the new features: + Upgraded pool system: – new wallet management – my pools is now a list (click the red sync button to update your pools) – record and track all the transaction you have sent, even from different address – improved overall working flow + Add reddit integration with auto check (it runs every day) + Weekly competition + Global real-time notifications + Two factor authentication support (Google authenticator) + Twitter with auto claim (it runs every day, no need to click Claim anymore) + Many other new features and bug fixes 
Summary
This year was rough, but we did not give up. The harder Bitcoin Dumps, the harder we work! Things could be better in terms of the market, but fundamentally ICO DOG is doing pretty good. We want to thank all those that have been with us on this amazing journey since the beginning. Crypto will change the world and we will help make that happen. If you like what we do please register on the icodogpool platform and shill this and other-other content! As always like, share and join discord & telegram.
https://icodog.io/crypto-stories/the-story-of-icodog-november-progress-report/
submitted by icocatapult to icodog [link] [comments]

Keep an eye out for August 10th! That'll be a big day for Bitcoin

TLDR; CBOE may have a good chance of getting the BTC ETF approved by the SEC. The SEC has until August 10th 16th to approve or Deny the application. If approved, Q1 of 2019 is when the ETF is expected to launch.
As most of you probably know the CBOE has filed to list BTC as an ETF with the SEC. What this means is that BTC will end up accessible to traditional investors and can be purchased on traditional investment platforms. It is very likely, in my opinion, that they will get the a-okay from the SEC to list BTC as an ETF.
Why do I say this? Well let's look at the history.
- In 2014 the Winklevoss Twins tried to file a BTC ETF with the SEC
- In 2016 we had SolidX that tried to file a BTC ETF with the SEC
- In 2017 we had the NYSE file for a BTC ETF with the SEC
- Also in 2017 we had the CBOE launch BTC futures
- Lastly, in June of this year we had the CBOE file for a BTC ETF with the SEC where the ETF is "being offered through the VanEck SolidX Bitcoin Trust - a joint venture between financial firms VanEck and SolidX"
So why haven't any of these ETF's seen the light of day? The answer can be explained by this refreshing piece of journalism "In March 2017, the US SEC claimed that the Winklevoss ETF proposal was rejected because Bitcoin, as a digital asset, was not regulated properly overseas without proper regulatory frameworks in place. The agency also noted that there lacks insurance around cryptocurrencies.".
So regulatory frameworks and insurance have been the two biggest obstacles in the way of the SEC approving the ETF. Luckily for us, cryptocurrency is a global affair and we're noticing more Anti-Money Laundering (AML) policies and standards of security. Additionally, overseas markets like Japan and South Korea arguably have better regulatory frameworks than the US, with Japan leading the G20 in creating an international standard for crypto regulation.". Unfortunately for the SEC, crypto is global and I have no doub that they are fully aware that slacking on crypto regulation and acceptance = losing out on billions of dollars - but more importantly losing global economic leverage. I have no doubt in my mind all countries which are late to the crypto game will find themselves becoming a 2nd world country, in a relative sense.
Anyhow, back to the CBOE and SEC. The CBOE is a company with a market cap of $11b. If, obviously rich and well connected, people of an $11b company, which has existed since 1973, decides that spending the time and energy to investigate, create, modify, and go through all legal and regulatory frameworks to file a BTC ETF with the SEC - where rejections have been hot since 2014 - They know what they're in for. This isn't some team of plebs working on some sort of maybe. This is a team of who knows how many professionals, for sure getting paid big bucks (and maybe even having their jobs on the line), cumulatively deciding that even though the SEC has rejected BTC ETF's in the past, their application may have a shot.
Why is the CBOE application different? Well, aside from the increased regulatory processes crypto has gone through, on a global dimension ; the CBOE has stated that their BTC ETF will be INSURED. That right there is a big deal! This means if the CBOE gets hacked, it isn't some Mt.Gox or bitgrail situation where people are out millions... That simply won't matter to ETF investors. I would also argue that running BTC futures without much of a hitch, will make things easier for the SEC to pass this CBOE BTC ETF (but that's just my opinion).
If/when this happens the ETF is expected to go live in the first quarter of 2019. I don't expect much to happen until then (at least in the Western Crypto space in which I am most familiar with). Lastly, the whole reason for this post is that August 10th of this year is the rumored date for the SEC to approve or deny the application August 16th is the date rumored for the SEC to make their decision , so that'll be a big day for BTC. The SEC states that they make a decision 45 days after a request.
What I am very curious about is that if the crypto market keeps moving upwards towards that date, the challenge will be trying to figure out if its us retail investors buying the rumors or if well connected individuals are buying the future news.
**If I am talking bs or made mistakes in this post please call me out on it. That's how we all learn. Thanks! **
Edit : I am wrong about August 10th. The date to look out for is August 16, according to this post
submitted by Tkldsphincter to CryptoCurrency [link] [comments]

The Earningsglobal Example

The Earningsglobal Example


https://preview.redd.it/ifxtmwlh2tv21.jpg?width=1833&format=pjpg&auto=webp&s=a1b536fb55d7f2e279f9318a129a1d408f9a2bef
I love the reality shown on cryptocurrency industry reports . My view is that many blogs are out there with a niche that can enlighten readers.
"A Bitcoin ETF can be likened to a normal ETF. The difference here is that the

underlying asset is the Bitcoin. With the Bitcoin ETF, you do not have to go

through the hassle of buying Bitcoin, storing it and securing it. All you need to

do is to purchase a Bitcoin ETF because it will be as though you are purchasing

Bitcoin itself. This is a lot easier than purchasing the coin.''

Again, it says, "However, as good as it sounds, it can only be put into use

when it becomes approved by the Securities and Exchange Commission, SEC.

In response to this, there are many exchanges which are now looking to be

listed or launched on USA’s financial instrument (the most anticipated of them

is the CBOE). Indeed, they are really waiting and hoping to be accepted on the

financial market. Some of these exchanges include the following: Winklevoss

twins Bitcoin ETF, CBOE which is backed by VanEck and SolidX Bitcoin ETF,

Coinbase, Direxion Bitcoin ETF, and so on''.


I recommend this website for the depth of research that can make you a better crypto trader.
submitted by oga120 to u/oga120 [link] [comments]

The Future Of Blockchain: Fintech 50 2019

The Future Of Blockchain: Fintech 50 2019
As the price of bitcoin collapsed last year from a high of $19,000 to less than $4,000, skepticism fell over many other applications of blockchain, the technology that powers most cryptocurrencies by recording transactions without a central authority.
Much of the hype surrounding promises that sounded too good to be true is dissipating as reality and regulations set in. What remains however, are proven teams, flush with cash from mainstream investors, and increasingly, actual revenue.
Going forward, the blockchain selections from this year’s Forbes Fintech 50 2019 picks will undoubtedly form some unusual alliances as they evolve past competing against other blockchain startups, to competing in mainstream finance against long-established players.
Axoni co-fonders Greg and Jeff Schvey.AXONI
Axoni
New York City
Using blockchain-based smart contracts to overhaul the back office of the world’s biggest derivative markets. Its distributed ledger will allow counterparties to see payments, calculations and other vital trade information in real time, improving efficiency and lowering risk. Already partnering with world’s biggest banks and financial intermediaries.
Funding: $59 million from Goldman Sachs, JPMorgan and others
Bona fides: It is currently putting the $10 trillion credit derivative market onto smart contracts working with DTCC and a steering committee of 15 of world’s biggest banks. It’s already settling foreign exchange trades using the blockchain.
Cofounders: CEO Greg Schvey, 32 and CTO Jeff Schvey, 33. The brothers also cofounded TradeBlock, which provides institutional trading tools for cryptocurrency

Bitfury CEO Valery VavilovBITFURY
Bitfury
Amsterdam
This full-service blockchain firm expanded from its roots providing bitcoin mining hardware to launch its own blockchain, plus software designed to help U.S. law-enforcement and others investigate illicit activity using bitcoin.
Funding: More than $150 million from Korelya Capital, Macquarie Capital, Dentsu & others.
Latest valuation: $1 billion plus
Bona fides: $500 million in revenue in 2018
Cofounder & CEO: Valery Vavilov, 39, a Latvian-trained computer scientist.

Circle co-founders Sean Neville and Jeremy AllaireCIRCLE INTERNET FINANCIAL
Circle
Boston
Crypto finance giant Circle last year entered the exchange business with the purchase of Poloniex and now offers services for cryptocurrency trading, investing and payments. Last October partnered with Coinbase to launch USDC stablecoin — a crypto asset using the Ethereum blockchain and backed by U.S. dollars.
Funding: $246 million from IDG Capital, Bitmain, Breyer Capital, Goldman Sachs and others.
Latest valuation: $3 billion
Bona fides: 8 million customers from more than 100 countries; USDC has a $335 million in recent market value, making it recently among the 20 most valuable cryptos..
Cofounder & CEO: Jeremy Allaire, 47, previously founded publicly traded Brightcove online video platform

Coinbase CEO Brian ArmstrongCOINBASE
Coinbase
San Francisco
Expanding beyond its roots as a bitcoin wallet and retail exchange, Coinbase now offers cryptocurrency custody, professional and institutional trading platforms, and an institutional trading platform. Last year bought Earn.com, a service where users pay in bitcoin to contact experts via email, for a reported $100 million.
Funding: $525 million from Tiger Global Management, Andreessen Horowitz, YC Continuity & others. Latest valuation: $8 billion
Bona fides: The most heavily funded startup in crypto; has opened 25 million wallets for customers.
Cofounder & CEO: Brian Armstrong, 36, whose Coinbase holdings make him a billionaire.

Tyler Winklevoss, chief financial officer and co-founder of Gemini Trust Company LLC, right, and Cameron Winklevoss, chief executive officer and co-founder.© 2016 BLOOMBERG FINANCE LP
Gemini
New York City
Founded by twin brothers Tyler and Cameron Winklevoss, the Gemini cryptocurrency exchange is licensed as a New York trust company, making it a qualified custodian and a fiduciary under New York Law. Now licensed to do business in 49 states, Gemini is leading the fight for an SEC approved bitcoin ETF, and launched the Virtual Commodities Association to promote cryptocurrency industry self-regulation.
Funding: Winklevoss Capital Management, wholly owned by Tyler and Cameron
Bona fides: Employs 200 people and just moved to a new 50,000 square foot office
Cofounder & CEO: Tyler Winklevoss, 37, a former Olympic rower

Brad Garlinghouse, chief executive officer of Ripple Labs Inc.© 2018 BLOOMBERG FINANCE LP
Ripple
San Francisco
Its blockchain based global settlements network aims to replace SWIFT, the interbank messaging platform that has long connected nearly every bank in the world. Ripple has also launched a service that lets companies make cross-border payments in XRP, the cryptocurrency created by its founders, which was recently second to Bitcoin in value.
Funding: $94 million from IDG Capital, SBI Investment, Santander InnoVentures & others.
Latest valuation: $5 billion
Bona fides: 200 RippleNet customers, including Bank of America and American Express
Cofounders: Jed McCaleb, Chris Larsen and Arthur Britto
CEO: Brad Garlinghouse, 48, former president of AOL
For full Forbes Fintech 50 2019 coverage, see:
Full list of the Fintech 50 2019
The Future Of Personal Finance: Fintech 50 2019
The Future Of Lending: Fintech 50 2019
The Future Of Real Estate: Fintech 50 2019
The Future Of Investing: Fintech 50 2019
The Future Of Payments: Fintech 50 2019
The Future Of Wall Street: Fintech 50 2019
Fintech 50 2019: The Newcomers
The 10 Biggest Fintech Companies In America 2019
Ryan Williams, 30, Started A Revolutionary $800M Fintech. But Can He Escape His Kushner-Trump Connection?
A 29-Year-Old Dominican Immigrant Is Teaching Fintech Startups How Real People Relate To Money
This Startup Is Creating A Real-Time Data Map Of The Global Economy. BlackRock And PayPal Are Buying It
submitted by dForceProtocol to u/dForceProtocol [link] [comments]

Has anyone traded Bitcoin Tracker One ETN in the stock market?

I heard that Sweden just launched the Bitcoin ETN in the Nasdaq Stockholm exchange. Has anyone traded this Bitcoin ETN in your stock broker account? Can you short this Bitcoin ETN? How good is this Bitcoin ETN compared to the Bitcoin ETF by the Winklevoss twins submitted to the US SEC?
submitted by spacetime2 to Bitcoin [link] [comments]

Top Crypto Headlines of the Week

submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

r/bitcoin recap - March 2017

Hi Bitcoiners!
I’m back with the third monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
Now archived on Bitcoinsnippets.com
As promised, I launched a website as an archive, where I post the version with links to the original posts and discussions so this post doesn't get auto-moderated. Special thanks goes out to Bitttburger for thinking of the name Bitcoin Snippets.
I went back in time and made an overview for December 2016 too. I’ll probably make recaps of 1-2 previous months for each month I progress, so that I eventually end up with everything in a few years.
Starting from this month, I’m going to cut back on including memes, there’s too many and they overtake the interesting news.
A recap of March 2017 in bitcoin
Version with links on Bitcoinsnippets.com
Thanks to everyone who contributed to Bitcoin in a positive way this month!
submitted by SamWouters to Bitcoin [link] [comments]

Weekly Crypto Recap for the week ending July 27

Developments in Financial Services

Regulatory

General News

submitted by QuantalyticsResearch to CryptoMarkets [link] [comments]

Cryptocurrencies plunge for the week with Bitcoin still below USD$6,550, forecasters project 54% per annum growth in the Cryptocurrency ATM industry over 5 years and Coinbase explores launching a Bitcoin ETF with BlackRock

Developments in Financial Services

Regulatory Environment

General News

submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

SWISSBORG´S DAILY INSIDER - WEEK 30

SWISSBORG´S DAILY INSIDER - WEEK 30
https://preview.redd.it/2o6fzgk13vb11.png?width=1000&format=png&auto=webp&s=9ff61771588340c89bf7a946112beadb4f5443d1

DON'T MISS OUT ON THE NEWS!

Want to stay updated on the most current news, market trends, and analysis?

Subscribe to our daily SwissBorg Insider!

Friday, 27. July 2018

Crypto ETF Rejection Sends Bitcoin Price Below $8,000 The bitcoin price fell below the psychologically-significant $8,000 mark afte the SEC rejected a cryptocurrency ETF application.
Uber Co-Founder, E*Trade Vet Launch Zero-Fee Cryptocurrency Trading Platform Uber's first chief technology officer and a former executive at stock brokerage E*Trade have teamed up to launch a zero-fee cryptocurrency trading platform.
Binance Prepares to Enter the South Korean Market - Bitcoin News Binance is preparing to expand into South Korea, having already hired Koreans for some local positions. However, the exchange is reportedly waiting for the country’s crypto regulatory framework to be fine-tuned before actually launching
SwissBorg Referendum
Join us VOTE & get rewarded !!
Daily Performances
BTC was holding steady above 8000 until today. SEC rejected the proposed BTC EFT by the Winklevoss Twins for the second time. At the time of writing BTC dropped below 8000, dragging the entire market down. The next day or two will be a test to see the market shakes the news off in expectation of more positive news, or return to summer doldrums.
Weekly Top 5 Price comparison
- BTC. - ETH - XRP - BCH . - EOS
https://preview.redd.it/tbzy37hmwic11.png?width=1045&format=png&auto=webp&s=d84ac53f0a6f2c4f02bd0ee634d885d82c7b09c5
Technical Analysis - BTC
BTCUSD has broken the descending triangle on the upside on heavy volume. This is a very positive development and indicative of a strong uptrend over the next weeks and months. While it might have a consolidation or even a minor correction in the near term as it is short term extended we don't see any major resistance until $10,000
https://preview.redd.it/taxtu6uowic11.png?width=1313&format=png&auto=webp&s=6f8121ef25551d0e19cac17b5bf4433a1470a1dc
----------------------------------------------------------------------

Wednesday, 26. July 2018

MetaMask Browser Extension Pulled From Google Chrome Store for 5 Hours, ‘Unsure’ of CauseMetaMask, was pulled from the Google Chrome Web Store on, July 25th. The app has since been listed again five hours later.
U.S. CFTC Chair: We Need to Test Blockchain Because We Are ‘Four Years Behind’The chairman of US emphasized the need for the appropriate procedures that would enable the CFTC to examine innovative blockchain tech for potential future use cases.
Decentralized Exchange Waves Scored a $6 Million Debut. Then It Got HackedThis booming crypto platform could hardly be described as institutional, but it isn't fully decentralized either.
SwissBorg Referendum II Updates
Join us VOTE & get rewarded !!
Vote now: https://vote.swissborg.com
SwissBorg Referendum II Partial Results (Unofficial)
Referendum data done by a community member #WeAreSwissBorg Source: https://www.cryptalloc.com/rsb2
Daily Performances
BTC dominance by market capitalization in the total crypto market posted its highest level yesterday, passing 47% for the first time. The cryptocurrency market cap crossed a major, surpassing the $300 billion for the first time since mid-June amid growing optimism that the bitcoin price is entering a new bull cycle.
Weekly Top 5 Price comparison
- BTC. - ETH - XRP - BCH . - EOS
https://preview.redd.it/rh1muu9nk9c11.png?width=1064&format=png&auto=webp&s=010ffe6a44ae262798331da8d21f68c7facea816
Technical Analysis - BTC
BTCUSD has broken the descending triangle on the upside on heavy volume. This is a very positive development and indicative of a strong uptrend over the next weeks and months. While it might have a consolidation or even a minor correction in the near term as it is short term extended we don't see any major resistance until $10,000
https://preview.redd.it/cf1su4ouk9c11.png?width=1023&format=png&auto=webp&s=7c079f1a14659d698ed9e26deb3754feaea70923
-------------------------------------------------------------

Tuesday, 25. July 2018

SEC Delays Ruling on Five Bitcoin ETF ApplicationsThe U.S. Securities and Exchange Commission has delayed ruling on five bitcoin ETF applications filed by fund provider Direxion.
Institutional Investors Swap Bitcoin Futures for Physical BTC in Wall Street First Two institutional investors completed the first-ever exchange for physical (EFP) transaction involving bitcoin futures.
Tezos Hires 'Big Four' Firm PwC to Conduct External Audit"Big Four" financial firm PwC Switzerland will audit the Tezos Foundation.→ Japanese Exchanges Push for Limit on Cryptocurrency Margin TradingAn industry self-regulatory organization formed by crypto exchanges in Japan is proposing a limit on how much investors can borrow in margin trading
SwissBorg Referendum II Partial Results (Unofficial)
Join us VOTE & get rewarded !!
Referendum data done by a community member #WeAreSwissBorg Source: https://www.cryptalloc.com/rsb2

VOTE NOW: https://vote.swissborg.com

Daily PerformancesBTC dominance by market capitalization in the total crypto market posted its highest level yesterday, passing 47.10% for the first time. The move comes as sentiment surrounding Bitcoin in particular continues to improve after BTC/USD jumped in excess of 15% over the last five days. At the same time, the other cryptocurrencies have struggled to achieve similar gains, posting losses against Bitcoin.
Weekly Top 5 Price comparison - BTC. - ETH - XRP - BCH . - EOS
https://preview.redd.it/axdkbd6ey2c11.png?width=1064&format=png&auto=webp&s=c613a48f15c04b443cf15dcd633f3b8535ff7489
Technical Analysis - BTC
BTCUSD has busted through the 100 SMA dynamic resistance, so there’s some bullish momentum building up. BTC is ready to test the 200 SMA dynamic resistance around $8,500 next. This is near a former support turned resistance level at the $9,000 barrier.A move past this level could lead to a test of the $10,000 major psychological level. Stronger bullish pressure could take BTCUSD to the next ceiling close to $12,000. However, RSI is indicating overbought conditions already, which means that seller's wave is taking over.
https://preview.redd.it/envy8vfsy2c11.png?width=1332&format=png&auto=webp&s=6703efe0e2aa16be704f9b799885bd28ec4ba5f7
----------------------------------------------------------------

Tuesday, 24. July 2018

Someone Tried to Hack Etherscan [Using the Comment Section]Ethereum block explorer Etherscan has thwarted a hacking attempt in which the attacker attempted to use the comment section to serve up malicious code.
China’s ‘Dream City’ Taps Ethereum Dev. Studio ConsenSys for Blockchain PushGovernment officials in Xiongan New Area have announced a partnership with Ethereum development studio ConsenSys to develop blockchain initiatives for China’s “dream city.”
UK Central Bank Says New Payments System Will Be Blockchain FriendlyThe Bank of England confirmed it is going to update its Real-Time Gross Settlement system to potentially interact with blockchain-based forms.
A New Bitcoin Wallet Fulfills an Old Privacy PromiseThese cypherpunk crypto wallet projects want to bring fungibility to bitcoin.
SwissBorg Referendum II Partial Results
Referendum data done by a community member (Draazzzz) #WeAreSwissBorg
Source: https://www.cryptalloc.com/rsb2
VOTE NOW!
https://vote.swissborg.com
Daily Performances
BTC dominance by market capitalization in the total crypto market posted its highest level yesterday, passing 46% for the first time. The move comes as sentiment surrounding Bitcoin in particular continues to improve after BTC/USD jumped in excess of 15% over the last five days. At the same time, the other cryptocurrencies have struggled to achieve similar gains, posting losses against Bitcoin.
Weekly Top 5 Price comparison
- BTC. - ETH - XRP - BCH . - EOS
https://preview.redd.it/8rvz3sr24vb11.png?width=1058&format=png&auto=webp&s=903e46fe354b3851b5ea69851777b3139d8073ce
Technical Analysis - BTC
BTC has now broken the Head & Shoulders neckline at $6,750 and has rapidly moved past beyond it. The target of the formation is around $7,900 so we expect to reach that level in the next days/weeks. This is very positive overall on a medium to longer term perspective, the next major hurdle is the $8,000 level, where BTCUSD will meet a downtrend that has proven difficult to surpass last time.
https://preview.redd.it/08g9qmz54vb11.png?width=1326&format=png&auto=webp&s=4ee7c329ea9a151fb7b66afd1945149a9c0b3a68
-------------------------------------------------------------------

Monday, 23. July 2018

Mastercard Files Patent for Payment System Linking Blockchain Currency, Fiat AccountsMastercard has filed a new patent for a payment system linking blockchain-based currency accounts with fiat accounts.
Hedge Fund Billionaire & Citadel Founder Ken Griffin Blasts BitcoinKen Griffin openly expressed his opinion against the digital assets. While Griffin’s words may be turning a few heads, this is not the first time the billionaire spoke ill of cryptocurrency.
Coinbase Forms Political Action Committee Amid Uncertain Regulatory ClimateCoinbase has become the first crypto industry organisation in the USA to form a Political Action Committee (PAC). → An $8 Million ICO Ran Out of Tokens. What's Next Is Anyone's GuessWhat can a blockchain startup do when it runs out of its own tokens? According to U Network, buy back tokens from its ICO investors.
Referendum II Started!
https://preview.redd.it/vyoludsa3vb11.png?width=1200&format=png&auto=webp&s=c7636ce1ef7054407504b2ce55f25fb8a153bdcf
Daily Performances
Not a whole lot to report over the weekend in crypto land. Markets are up marginally creeping above $280 billion again but with little direction for future momentum. BTCUSD has moved back towards its resistance level of $7,400, pushing slightly above it with a 1.7% gain to $7,450. If buyers continue throughout the day there could be another rally up towards $8k. ETHUSD has been sluggish over the past few days with minor gains keeping it just above $465.
Weekly Top 5 Price comparison
- BTC. - ETH - XRP - BCH . - EOS
https://preview.redd.it/ap27avxe3vb11.png?width=1042&format=png&auto=webp&s=95c02a64a10191476c09f1d0fbdc5d79e3c59622
Technical Analysis - BTC
BTC has now broken the Head & Shoulders neckline at $6,750 and has rapidly moved past beyond it. The target of the formation is around $7,900 so we expect to reach that level in the next days/weeks. This is very positive overall on a medium to longer term perspective, the next major hurdle is the $8,000 level, where BTCUSD will meet a downtrend that has proven difficult to surpass last time.
https://preview.redd.it/em0l04pi3vb11.png?width=1310&format=png&auto=webp&s=20b55b7f48ed529c895fd5ae6ac7e08014c2217c
-------------------------------------------------------------
Disclaimer: Insider aims to provide our community with updates and information regarding financial markets and the blockchain world.This is our way of communicating with our community. It is meant to be used for informational purposes not to be mistaken for financial advice.Our opinion, when shared, is just that, it may not apply directly to your individual situation. Any information gleaned here is to be used at the readers' own risk, SwissBorg does not accept any responsibility for individual decisions made based on reading our daily blog. Any information we provide on our daily blog is accurate and true to the best of our knowledge, there may be omissions, errors or mistakes.
Copyright © 2018 SwissBorg, All rights reserved
submitted by Otilia_SwissBorg to swissborg [link] [comments]

Bitcoin ETF- the holy grail?

Bitcoin ETF- the holy grail?

What is an ETF?

ETF stands for exchange traded fund, which is basically a security that tracks some underlying assets (for example equities, bonds or commodities). The issuer of the ETF takes custody of the underlying assets it tracks and then issues a number of shares that represent ownership. These shares can be easily traded (like stocks) and therefore remove a lot of barriers for investors who are willing to invest in this particular asset.

If an ETF-issuer wants to create new shares, they turn to an authorized participant (AP). An AP is someone who is responsible for purchasing the underlying assets an ETF wants to hold. APs require a license from the ETF provider and then buys the underlying asset on behalf of the ETF-issuer. Subsequently, the AP sends these freshly purchased assets to the ETF-issuer and then ETF provider sends shares of the fund back to the AP. The value of these shares is equal to the assets the ETF provider just received.
The redeeming process works in the opposite direction: AP sends ETF shares it wants to redeem to the ETF provider, which then
returns the underlying assets back to the AP.

There are times when the price of the ETC can become higher than the price of its underlying assets, or net asset value (NAV). Then the ETF is said to be trading at a premium. If the ETF is trading below NAV it is called trading at a discount. The AP arbitrages premiums and discounts to keep the market price tightly coupled to the NAV.

What is the benefit of an BTC ETF?

The shares of an ETF can easily be obtained and traded and lowers the barrier of entry for investors. With Bitcoin, these barriers are buying the asset and, most of all, safe storage of the asset. A BTC ETF enables technologically inexperienced investors to profit from BTC price movement without going through the hassle of securing their private keys. Hedge funds, pension funds, and 401ks can easily invest in this ETF, so we expect a lot of new capital to flow in Bitcoin. Increased capital inflow decreases volatility and therefore making BTC more stable.

What types of Bitcoin ETFs are proposed?

There are two types of Bitcoin ETF proposals:
ETFs that Physically Hold Bitcoin (VanEck & SolidX ETF)
ETFs that Purchase Bitcoin Derivatives (ProShares, GraniteShares, Direxion)
ETFs that physically hold Bitcoin

This type of ETF owns the underlying asset it tracks. Every share is backed by the real deal.

Pros:
low transaction costs
tracks the performance of the underlying asset directly
high liquidity

Contras:
counterparty risk (custody of the asset)
ETFs can only be traded through specific daytimes where the BTC market is open 24 hours

ETFs that purchase Bitcoin derivatives
The second kind of ETF does not actually hold any Bitcoin. Instead, the ETF tries to mimic the performance of Bitcoin by trading Bitcoin futures, options, swaps, money market instruments.

Pros:
no worrying of custody of BTC, since these types of ETF don't hold BTC directly

Contras:
approximating the performance of Bitcoin
active management risk
active management cost
margin call risk
leveraged trading risk
rollover risk
ETFs that are holding physically Bitcoin are far superior to the derivatives-based one. And I expect the first type to havesignificant higher chances of approval. BTC-futures are only a few months old and I cannot imagine that the SEC will approve an
ETF that tracks these highly speculative and brand new derivatives as underlying.

Requirements of the SEC

The U.S.- Securities and Exchange Commission (SEC) has certain requirements for an ETF to be approved:
Custody solutions
immune to manipulation
sufficient liquidity
coorect valuation of the NAV

Current situation

All derivatives-backed ETFs were rejected by the SEC on August 23. These ETFs were filed by ProShares and Direxion.
The decision came down to the risk of market manipulation & fraud. The SEC can only approve an ETF that is designed to
prevent fraudulent and manipulative acts and practices. The Winklevoss ETF (backed by the underlying asset) was rejected
earlier this month. The main argument for rejection was the fact that the price determination of the NAV would only happen
on the Gemini exchange (which is owned by the Winklevoss twins). The only remaining big proposal is the ETF from
VanEck & SolidX which backed by the CBOE (Chicago Board of Options).

The VanEck & SolidEck ETF proposal backed by the CBOE

This proposal is vastly superior to prior ETF proposals and addresses most of the concerns the SEC has expressed when rejecting prior ETF applications. Reasons are:
holds physical BTC
backed by the CBOE, which is a very serious institution
shares are big (25 BTC = 1 share), this excludes retail investors
Involved parties:
Fund: SolidX Bitcoin Shares.
FileExchange: CBOE BZX Exchange.
Trust/Fund IssueBTC Custodian: VanEck SolidX Bitcoin Trust.
Trust’s SponsoManager: SolidX Management.
Trust’s Administrator & Cash Custodian: BNY Mellon.
Marketing Agent: Foreside Fund Services.
Marketing: Van Eck Securities Corp.

Comparison with a Gold ETF

The SEC approved the streetTRACKS Gold Shares ETP even though the spot gold market were largely unregulated.
On March 28, 2003, the first gold-backed ETF, developed by ETF Securities, was launched. It trades on the Australian stock exchange as the ETFS Physical GoldGOLD, +0.06% with assets under management at about $602 million.
“We can certainly track the growth of gold ETFs since their invention, and see how investor interest in gold has growth significantly,” said Will Rhind, managing director of U.S. operations for ETF Securities. Globally, there are now 143 gold ETFs available, with the latest data showing assets under management at roughly $132 billion, he said.
In the first few years after the first Gold ETF was introduced, the Gold price rose by over 600%. The ETF lowered the barrier
of entry for many investors.

Final deadline

The Sec can postpone the final decision until 21. February 2019 and we expect them to do so. The developement of Bitcoin markets made big leaps forward since the filing for the Winklevoss ETF, for example we have now very advanced custody solutions
(from Coinbase for example) and with increasing liquidtiy volatility decrease.


submitted by MICH3R to swissborg [link] [comments]

ETF Approval Is Unlikely To Happen Any Time Soon, Says Godfather of ETFs

ETF Approval Is Unlikely To Happen Any Time Soon, Says Godfather of ETFs

https://preview.redd.it/bbcl9rx6eyv11.jpg?width=960&format=pjpg&auto=webp&s=855f200ae334a09ad0e5f3451763a6ce4ea12ee0
According to Reggie Brownie, better known as ‘Godfather of ETSs,’ Cryptocurrency Exchange-Traded Funds (ETFs) may be approved “no time soon,” as reported by Business Insider Thursday.
Brownie said a reliable and robust regulatory framework must be established first before regulators approve a cryptocurrency ETF. He said these while speaking at the Financial Markets Quality Conference. The event was sponsored by Georgetown University in Washington D.C.
Giving his two cents on the current state of bitcoin ETFs, Brownie said:“It’s very difficult for the [Securities and Exchange Commission (SEC)] to wrap their heads around a positive approval because there’s no data yet … the markets just aren’t here.”
Brownie’s statement echoes those made by Larry Fink when discussing BTC ETFs. Though Mr. Fink seems to be unsure about the future of ETFs, he did not rule them out. “I wouldn’t ever say – when it’s legitimate, yes,” said Fink, speaking at the New York Times DealBook Conference.
“It will ultimately have to be backed by a government. I do not see sense that any government will allow that unless they have a sense of where that money is going,”Fink said.
Fink clearly expressed concerned regarding the potential for money laundering, tax evasion and other scams as the cryptocurrency is not only anonymous but also largely unregulated.
The Securities and Exchange Commission (SEC) has been reluctant to approve applications for cryptocurrency ETFs due to similar reasons. Early this year, SEC said in an official letter that ‘investor protection issues need to be examined’ before these funds are approved.
In August this year, the regulatory body turned down applications by three different institutions seeking to launch 9 ETFs. SEC gave the same reason it delivered earlier this year when it rejected Winklevoss twins’ BTC ETF proposal, Forbes reported. SEC expressed concerns about fraud and manipulation of cryptocurrency markets.
submitted by iTradeBit to u/iTradeBit [link] [comments]

Weekly Crypto News Recap for the Week ending July 27

Developments in Financial Services

Regulatory

General News

submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

Winklevoss Twins Launch Own Crypto-Asset Insurance Unit Bitcoin Bulls And Facebook Founders Winklevoss Twins Explain Why Bitcoin Will Make People Rich Winklevoss Twins Look to Create Bitcoin ETF Winklevoss Twins Launch The Winklevoss Twins Eat, Sleep, and Breathe Bitcoin

Bitcoin BTC ETF is nothing but an Exchange Traded Fund whose underlying asset is Bitcoin. In Bitcoin BTC ETF 101, we discuss the implications of this ETF . The twins are wealthy. It has been estimated that they stand near to the inventor of Bitcoin, Satoshi Nakamoto works respect to the number of Bitcoins they own. According to estimates, the The Winklevoss twins, who once planned to buy up 1% of all bitcoin in existence, have, though, been working on bringing their U.S.-based bitcoin and cryptocurrency exchange Gemini to Europe. In an industry shocker, the Securities and Exchange Commission (SEC) denied the Winklevoss Twins' request to launch a Bitcoin ETF. This surely comes as a blow to the twins, most famous for their The Securities and Exchange Commission rejected a second attempt by Cameron and Tyler Winklevoss, founders of crypto exchange Gemini, to list shares of what would be the first-ever bitcoin ETF. Tyler and Cameron Winklevoss, the Harvard-educated brothers who claimed to have helped invent Facebook, have been looking to launch the world’s first exchange-traded fund, or ETF, backed by bitcoin.

[index] [7114] [15629] [11688] [31130] [18021] [20396] [27054] [6048] [19382] [9929]

Winklevoss Twins Launch Own Crypto-Asset Insurance Unit

Today, the Winklevoss twins launched their own insurer to enhance coverage for Bitcoin and other crypto-assets. Winklevoss Twins C http://tinyurl.com/rlwz8lf... BTC Sessions News: Today myself and Zack Voell of “The Coin Pod” discuss the official launch of the Gemini Dollar - a regulated stable coin created by the Winklevoss twins and live now on ... That includes the decline of the Winklevoss twins bitcoin etf as well as the rumor about Iran possibly creating a crypto. Learn more about the most recent news in this video! This is a daily segment. Bitcoin ETF News - Winklevoss Twins & Japan [Bitcoin Technical Analysis] Bitcoin James. Loading... Unsubscribe from Bitcoin James? Cancel Unsubscribe. Working... July 2 (Bloomberg) -- The Winklevoss twins are looking to create an exchange-traded fund for the online currency Bitcoin. Their company, Math-Based Asset Services LLC, filed forms with the U.S ...

Flag Counter