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Swiss Bitcoin ETP Sees Record Volume as Institutional Investors Buy the Dip

December 12th, 2018

The steep decline in Bitcoin price has coincided with record volume of the recently launched Bitcoin ETP on the SIX Swiss Stock Exchange, suggesting that institutional investors are maybe buying the dip. Bitcoin ETP $HODL Sees Record Volume Earlier in November, Bitcoinist reported that a Bitcoin exchange-traded product (ETP) with the HODL ticker offered by Amun Crypto was…

Only Bitcoin Gets to Be a ‘Legal Pyramid Scheme’ Like Gold, Says Mike Novogratz

December 11th, 2018

Bitcoin proponent and former Wall Street hedge fund manager Mike Novogratz remains optimistic despite the prolonged 2018 bear market. The investor holds that Bitcoin will become “digital gold” – a store of value in the same sense gold is. ‘Now I’m The Ugly Face of Crypto’ Having made a series of accurate calls in the…

Bitcoin ETF Approval Chances Down to 10%, Says Legal Expert

December 11th, 2018

Following last week’s delay of the SEC to decide on whether to approve or not the proposed, commodity-backed bitcoin ETF proposal of VanEck and SolidX, legal expert Jake Chervinsky now says that there is a 10 percent chance of its approval. ‘I Think the ETF is in Trouble’ Jake Chervinsky, a legal expert who correctly…

‘Unusually Large Miner Selling’ May Have Crashed BTC Price, Not Fundamentals

December 11th, 2018

BTC price crash may have been sparked by an ‘unusual’ uptick in miners selling to finance the BCH hash war, according to BitMEX Research. Meanwhile, other metrics reveal that the recent price decline is disproportional with BTC market fundamentals. BTC Price Crash and Bitcoin Cash Hash War A new study released by BitMEX Research outlines…

SEC Final Decision on VanEck Bitcoin ETF Now Set For February

December 7th, 2018

Expectedly, the US Securities and Exchange Commission has once again delayed its decision on the commodity-backed VanEck/SolidX bitcoin ETF proposal. The Commission is left with no room for further delays and the absolute final decision will come on February 27, 2019. Bitcoin ETF: The Last Delay In July Bitcoinist reported that the SEC’s decision on the commodity-backed…

Best Bitcoin Brokers

December 5th, 2018

Bitcoin — the world’s largest and most popular cryptocurrency — has surely made a name for itself as a desirable asset to trade. Reaching an all-time high value upwards of $20,000 in January 2018, the market’s first and foremost digital currency gained widespread popularity. Trading Bitcoin (BTC), however, comes with a lot of specifics. Below…

Binance to Launch Binancechain For ‘Millions of Coins,’ CEO Confirms

December 4th, 2018

The world’s largest cryptocurrency exchange by means of traded volumes will be launching its own public blockchain in “a couple of months or so,” according to its CEO, Changpeng Zhao.  ‘There Will be Millions of Coins and Thousands of Blockchains’ Speaking at the stage of Forbes Asia Forum: Decrypting Blockchain, the CEO of the Binance…

Man Tortured For His Bitcoin: 4 Ways to Protect Your BTC Funds

December 4th, 2018

A Bitcoin trader from South Africa has reportedly been drugged, kidnapped, and tortured over his Bitcoin holdings. The assault happened after the man followed an invite to an anonymous presentation, highlighting the threats lurking on the internet.  Kidnapped Over Bitcoin A bitcoin trader from the area of Lanseria in Johannesburg, South Africa, has reportedly been…

Vertcoin 51% Attack Could Have Caused $100K in Double Spending

December 4th, 2018

Vertcoin has been experiencing ongoing 51% attacks, reportedly resulting in $100K of double spending on the network.  Rough Couple of Months for Vertcoin In a detailed blog post, Coinbase security engineer Mark Nesbitt revealed that Vertcoin’s network went through repeated 51% attacks, with the largest reorganization having a length of 310 blocks and a depth…

Japan’s FSA Set to Regulate ICOs Next Month

December 3rd, 2018

Japan’s Financial Services Agency (FSA) is reportedly set to introduce a regulatory framework governing initial coin offerings (ICOs). FSA to Limit Participation Capabilities Citing sources familiar to the matter, local Japanese media Jiji Press reports that the country’s Financial Services Agency is set to introduce regulations on initial coin offerings. The financial watchdog will submit…