Bitcoin Insights

2021-10-15 08:58:25 SEC said to allow first bitcoin futures ETF to trade in US

The U.S. Securities and Exchange Commission is said to be allowing the first Bitcoin futures exchange-traded fund (ETF), per a Bloomberg report.

The publication said in a report on Thursday night that the U.S. regulator "isn't likely to block the products from starting to trade next week," citing people familiar with the matter.

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2021-10-14 12:34:02 Breaking: Vladimir Putin says he accepts crypto as a legitimate currency for making payments

Russian President Vladimir Putin signaled tolerance of cryptocurrencies, which are drawing increasing scrutiny from regulators around the world amid fears they can be used for money laundering and criminal activity. 

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2021-10-13 19:04:07 Russia Has No Plans to Ban Bitcoin Like China, Says Deputy Finance Minister

Russia’s Deputy Finance Minister – Alexey Moiseev – asserted that the Russian Federation has no intentions to impose a total crypto ban.
“The blockchain will obviously occupy its own niche and will be used where equal rights are needed.”

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2021-10-13 12:06:35 94mln potential users ready to step in crypto market

According to Bank of America, 94 million people from developing countries would be ready to buy digital assets more stable than national currencies, devalued by hyperinflation.

And if we consider the percentage of the unbanked population in the world, users could still increase.

In this context, the reserves of BTC in exchanges are at annual lows, causing a supply crunch.

If the digital gold rush really starts in emerging markets, the next few months will be decidedly overheated.

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2021-10-12 13:53:24 In case you missed- Twitter and TikTok embrace NFTs: mainstream adoption incoming?

Twitter, which has seen its user base steadily grow to surpass 185 million users last year, is experimenting with NFTs to allow users to display their collections as their profile pictures.
Monetizing intellectual property has been a hot topic for years and NFTs “exemplify verified scarcity,” a mix that could usher in “the next wave of crypto’s consumer adoption.”

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2021-10-12 09:39:13 @Bitcoin_Insights Open / Comment

2021-10-11 16:57:34 In 2018 George Soros claimed that Bitcoin would be a scam and would lose its value in the future.

In early 2021 George Soros complained about Bitcoin taking away the buyer base of Gold, effectively moving Gold investors to Bitcoin.

In late 2021 George Soros' fund reveals that it has bought Bitcoin and expects DeFi to grow, claiming that Bitcoin has passed mainstream acceptance.

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2021-10-11 11:11:42 Google Partners With Digital Asset Company Bakkt To Make Crypto Payments More Accessible

This partnership will enable Bakkt users to add their virtual Bakkt Visa Debit Card (“Bakkt Card”) into Google Pay. Subsequently, the users will be able to purchase goods and services anywhere that accepts Google Pay. Digital assets, like Bitcoin, in the users’ wallets, will be converted to fiat currency for these payments to occur.

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2021-10-10 14:28:33 SEC Approves ETF for 'Bitcoin Revolution Companies', Portfolio Includes Tesla and Twitter

The new ETF from Volt Equity will give investors exposure to a range of companies like MicroStrategy and Square that hold crypto.

The SEC approved an ETF consisting of companies holding large amounts of Bitcoin on their balance sheet.

The ETF's portfolio will include around 30 companies, including Tesla and PayPal.

The approval comes as the crypto world continues to wait for the SEC to approve a pure Bitcoin ETF.

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2021-10-09 10:12:20 @Bitcoin_Insights Open / Comment