Tag Archives: etf

Bitcoin: An Extraordinarily Scarce Commodity

Bitcoin: An Extraordinarily Scarce Commodity

The debate about what Bitcoin (BTC-USD) actually is from the U.S.’s regulatory standpoint is finally over. The Commodity Futures Trading Commission (CFTC) recently officially classified Bitcoin as a commodity, which essentially means it assumes regulatory responsibility over the digital asset. So, why is this significant you ask? Well, now that Bitcoin is officially classified as a commodity, it […]

CNBC’s Ran Neuner Says ‘Bitcoin Is About to Explode,’ Points to Pending ETF Decision

CNBC’s Ran Neuner Says ‘Bitcoin Is About to Explode,’ Points to Pending ETF Decision

Crypto analyst and host of CNBC’s show Cryptotrader Ran Neuner has claimed that the price of Bitcoin (BTC) is “about to explode” in a recent tweet October 7. Neuner expressed his utmost confidence in an upcoming surge in Bitcoin’s price by noting “I just bought Bitcoin for my parents” in the same tweet. A notable rally would likely be tied […]

Coinbase Introduces ‘Coinbase Bundle’ Designed to Simplify Crypto Trading

Coinbase Introduces ‘Coinbase Bundle’ Designed to Simplify Crypto Trading

Cryptocurrency exchange and wallet service Coinbase has rolled out a new update called “Coinbase Bundles,” which is designed to simplify cryptocurrency trading, according to an announcement published September 27. Coinbase Bundles is a basket of five cryptocurrencies supported on Coinbase and purchased in proportion to their market capitalization in U.S. dollars. The Bundle consists of Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and Ethereum Classic (ETC); the smallest Bundle costs $25, […]

Cryptocurrency Market Slump Sees $642 Billion Dumped So Far in 2018

Cryptocurrency Market Slump Sees $642 Billion Dumped So Far in 2018

The cryptocurrency market capitalization on September 12 established a new yearly low near circa $187 billion. The drop amounts to a total of $642 billion that has vanished from the market since its all-time high near $829.96 billion. Almost all the leading coins, including Bitcoin, Ethereum, Litecoin, and Ripple, are in the process of forming […]

Are crypto whales ramping up manipulation to shut-down the possibility for an ETF approval?

Are crypto whales ramping up manipulation to shut-down the possibility for an ETF approval?

The cryptocurrency markets experienced another dramatic crash yesterday, with almost two weeks’ worth of upside being completely undone within a matter of 12 hours. Just as Bitcoin was slowly working its way out of the $6,200 level to $7,400, it quickly crashed all the way back to a low of $6,250, taking Ethereum and the […]

Crypto Market in Free Fall- Is it Fundamental, Technical or Something More Sinister?

Crypto Market in Free Fall- Is it Fundamental, Technical or Something More Sinister?

There is an unprecedented free fall in prices of nearly all major cryptocurrencies in past 24 hours. While there is no specific reason that one can gauge for this mysterious free fall, a lot of reason seems to be popping out from various corners explain the fall. The fundamental- Goldman Sachs trading desk pull out […]

Investment Bank (RBC) Analyst Still Expecting Crypto Market Cap of $10 Trillion in 10-15 Years

Investment Bank (RBC) Analyst Still Expecting Crypto Market Cap of $10 Trillion in 10-15 Years

On Wednesday (5 September 2018), Mitch Steves, a research analyst at global investment bank RBC Capital Markets, said in an interview with CNBC’s Fast Money that despite Goldman Sachs’ decision to postpone running a crypto trading desk, he still maintained his forecast that the crypto space could be worth $10 trillion in 15 years. According to a CNBC report on Steves’ appearance on Fast […]

Starbucks, Microsoft Back Bitcoin ETF And Stakes Are Huge

Starbucks, Microsoft Back Bitcoin ETF And Stakes Are Huge

Investors may want to mark their calendars on Sept. 30 and Nov. 5 for potential spike in Bitcoin’s value because wider acceptance of BTC could be on the line. On Sept. 30, the Securities and Exchange Commission (SEC) will rule on whether to approve the VanEck SolidX Bitcoin Trust Exchange Traded Fund (ETF). (Here’s their application.) […]

One SEC commissioner is establishing herself as the voice of innovation for the crypto market

One SEC commissioner is establishing herself as the voice of innovation for the crypto market

In her seven months in office, Securities and Exchange Commissioner Hester Peirce has established herself as the voice of innovation for the cryptocurrency market. In July, Peirce surprisingly dissented from the SEC’s decision to deny Cameron and Tyler Winklevoss an application for a bitcoin-backed exchange-traded fund. Citing a risk of being left behind, Peirce said the decision […]