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An exchange traded note (ETN) that tracks Bitcoin and targets U.S. investors is now listed on the Nasdaq Stockholm exchange. As Bloomberg reported Wednesday, August 15, the product dubbed Bitcoin Tracker One is now being quoted in USD under the ticker CXBTF. Bitcoin Tracker One is issued by Swedish company XBT Provider, a wholly-owned subsidiary...
Despite usage of Bitcoin and other cryptocurrencies is steadily increasing each year, Brian Armstrong, the CEO of San Francisco-based cryptocurrency exchange Coinbase, believes that it will take some time before they will reach true mass adoption for payments, at least in the United States. “I think it will be quite some time before you cross...
Ukraine moved closer to regulating Bitcoin and other cryptocurrencies as financial instruments after head of the National Securities and Stock Market Commission (SSMCS) Timur Khromaev said the corresponding bill could be submitted for the Parliament’s consideration by the end of 2018 or early next year. According to local media, Timur Khromaev referred to cryptocurrency as...
While many commentators believe a regulatory approved Bitcoin exchange-traded fund (ETF) could boost prices of the largest cryptocurrency, blockchain pioneer Nick Szabo says it might cause more problems than it’s actually worth. In his recent tweet Nick Szabo insists he is not “lobbying for an ETF or for Wall Street-managed money in general.” I for one am not lobbying for an...
Falling prices of the vast majority of cryptocurrencies have sent the total market capitalization back below $200 billion on Tuesday, August 14, with Bitcoin falling below $6,000. Following successive days of market declines, the total market cap slid to $189 billion earlier today. The decline is accompanied by continued growth in the Bitcoin dominance rate which...
Ether (ETH), the world’s second-largest cryptocurrency by market capitalization, fell below $300 for the first time in 2018 on Monday, August 13, reaching levels last seen in November 2017. According to CoinMarketCap data, at 16:44 UTC Ether went below $300 to reach $299.68. One hour later the cryptocurrency’s average exchange rate was $289.16. This made Ether...
As the world’s largest cryptocurrency mining company Bitmain Technologies is filing for an initial public offering (IPO) hoping to raise $18 billion on the Hong Kong Stock Exchange at a market capitalization of $40 to $50 billion, observers are already sending potential red flags to the investors. According to documents obtained earlier this week by...