Day: October 20, 2021

Valkyrie Secures Go-Ahead for Bitcoin Futures ETF

Valkyrie Investmentsโ€™s bitcoin futures exchange-traded fund (ETF) has won the blessing of the U.S. Securities and Exchange Commission, paving the way for the investment vehicle to launch soon. The crypto fund manager filed its post-effective prospectus on Wednesday, signaling that its bitcoin-linked fund had cleared the final regulatory hurdles. It will trade as $BTF on Nasdaq despite short-lived plans to adopt the more meme-centric ticker $BTFD. Valkyrie is only the third investment company โ€“ and the first crypto-native โ€“ to receive the Securities and Exchange Commissionโ€™s greenlight. The ProShares Bitcoin…

Soldex Signs Long Term Partnership With Speqto Technologies โ€“ Sponsored Bitcoin News

sponsored Soldex is thrilled to announce that it has officially partnered with Speqto Technologies to accelerate the development of itโ€™s decentralized exchange (DEX) solution, and to build and program the A.I.-powered bots, that form part of the services offered by Soldex to the public. Speqto Technologies were selected as the vendor due to their extensive expertise in building Decentralized Exchanges (DEX) and A.I. trading bots. Soldex has confirmed that the partnership has already been finalized and that the two companies are well underway in the development process of the following…

Medical Firm In Mexico To Introduce COVID-19 Testing Through Blockchain

Blockchain technology remains the revolutionary aspect of cryptocurrency and the entire digital assets as a whole. It brought more innovations and popularity to the industry, which have attracted more users and developers. The use of blockchain technology is erupting within several mainstreams and sectors of the global economy. Recently, this amazing technology has found a useful application in the medical field. A Mexican medical firm, MDS, has launched a coronavirus testing service that utilizes blockchain technology to confirm its results. A local media report, iProUP news reported that MDS Mexico…

The View From Brussels: How the EU Plans to Regulate Crypto

The European Union (EU) wants to regulate the digital asset industry; there are a number of bloc-wide initiatives already underway. The most comprehensive is a 168-page โ€œMarkets in Crypto-Assetsโ€ (MiCA) that would create an EU-level licensing framework for crypto issuers and service providers. But crypto regulations are only one part of a larger Web 3.0 governance strategy for the political and economic union of 27 nations. This feature is part of CoinDeskโ€™s โ€œPolicy Week,โ€ a forum for discussing how regulators are reckoning with crypto (and vice versa). According to Eva…

Mt. Gox trustee announces approval of rehabilitation plan, meaning creditors could soon receive billions

Creditors from the now-defunct crypto exchange Mt. Gox have overwhelmingly approved a rehabilitation plan to compensate them for billions in lost Bitcoin. According to a Wednesday announcement from Mt. Gox trustee Nobuaki Kobayashi, roughly 99% of the creditors affected by the collapse of the Japan-based crypto exchange approved of the draft rehabilitation plan originally filed in the Tokyo District Court in February. In addition, he reported claimants representing roughly 83% of the total amount of voting rights voted in favor of the plan. The decision follows an Oct. 8 vote…

Tesla Takes $51M Impairment Charge for Bitcoin Holdings in Third Quarter

Electric car maker Tesla (TSLA) took an impairment charge of $51 million in the third quarter to account for its bitcoin holdings. Elon Muskโ€™s electric vehicle company reported no new sales or purchases of digital assets, according to its 3Q earnings presentation. The company currently holds $1.26 billion in bitcoin. Bitcoin gained roughly 30% in the third quarter, rising to about $43,800. Tesla announced in February it had purchased $1.5 billion worth of bitcoin. Later in Q1, the company trimmed its bitcoin position by 10%, a sale that boosted that…

$2.2T asset manager PIMCO plans to buy more crypto

Fixed-income manager Pimco is planning to increase its exposure to digital currencies such as Bitcoin (BTC) after dabbling in the asset class through crypto-linked securities, offering the latest evidence that major institutions are starting to embrace the emerging asset class.ย  In an interview with CNBC on Wednesday, CIO Daniel Ivascyn confirmed that Pimco already has exposure to โ€œcrypto-linked securitiesโ€ through various hedge fund portfolios. He said the firm plans to gradually increase its exposure to the asset class as part of its โ€œtrend-following strategies or quant-oriented strategies.โ€ He further explained:…

Dogecoin Price Prediction | Dogecoin News Today | Cryptocurrency News Today | Dogecoin | Doge UPDATE

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Dogecoin Price Prediction 9th May | Dogecoin News Today | Cryptocurrency News Today | Dogecoin | Doge UPDATE๐Ÿ”ฅ DOGECOIN Price Prediction 2021 Hindi | DOGECOIN News Today | Big DOGECOIN News 9th May, 2021 | DOGECOIN Technical Analysis #dogecoin #doge #dogecoinprediction #dogecoinelonmusk #dogecoinnews #dogecoinlive #dogecointrending #dogecoinpriceprediction #dogecointothemoon #dogecoinfaucet #dogecoinalert #dogecointo1dollar #cryptocurrency #wazirx The Bitcoin Burner Group Link: Reach Us on Our Socials: Ankit: Pankaj: Official Instagram Page: Fair Usage Disclaimer: Copyright Disclaimer under Section 107 of the copyright act 1976, allowance is…

Vaneck Bitcoin Futures ETF Gets Green Light from SEC โ€” Fund to Join Proshares BTC ETF Listing on NYSE โ€“ Bitcoin News

The wealth manager Vaneck will be launching its bitcoin futures exchange-traded fund (ETF) in the United States following the Proshares ETF listing that launched on Tuesday. According to the post-effective filing with the U.S. Securities and Exchange Commission (SEC), the Vaneck bitcoin futures ETF launch is approved to be listed after October 23. Vaneckโ€™s Bitcoin Futures ETF Is the Second US Fund to Get Approval From Regulators This week, the Proshares Bitcoin Strategy exchange-traded fund (BITO) launched with a lot of fanfare and the ETFs volume broke records on Tuesday.…