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Here Is What Will Push the Approval of the CBOE Bitcoin ETF Before The End of 2018

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The view in the crypto-verse is that the CBOE Sponsored Bitcoin ETF at the SEC is the key to a certain Bitcoin (BTC) Bull run in the crypto markets. This month of August is expected by many crypto traders as the month we find out if the SEC is all for a Bitcoin ETF being approved. There are also some chances of the decision being postponed. However, we have already had the Winklevoss ETF  being rejected and this is adding to the skepticism of another being approved soon.

But this was before the Intercontinental Exchange – who happen to be the owners of the New York Stock Exchange – announced that they will be partnering with Starbucks, BCG, and Microsoft, to launch a firm known as Bakkt. This firm’s chief goal will be to make Bitcoin, and all other digital assets, part and parcel of viable investment options on Wallstreet.

This fact is best exemplified by CNBC’s Brian Kelly who is noted as stating the following in a recent commentary on the News Channel:

“This is huge news. I think the market is completely underappreciated. So let us talk about why this is the biggest news of the year for Bitcoin.”

In the commentary by Brian, he also added how this new firm will pave the way for the approval of a Bitcoin ETF:

“It paves the way for a Bitcoin ETF. Last week I stood here and said you know what, I don’t think the Bitcoin ETF will get approved. And guess what? The Winklevoss ETF got rejected. Why?

Because there was not a US regulated exchange and there wasn’t US regulated custody.”

This points out the major reasons the Winklevoss ETF was rejected. Perhaps they can now even launch a new filing of a rule change at the SEC. In the meantime, this new development on Wallstreet by the biggest stock exchange in the world means that the SEC will need to recalibrate their facts before rejecting the pending CBOE Bitcoin ETF.

Brian Kelly would go on to explain how easy this makes for an ETF to be approved:

“That’s going to make it a lot easier for an ETF to come through. It is even better than Bitcoin Futures…[because] they are talking about getting this into you 401k. They are talking about getting it into your Schwab, Fidelity or TDAmeritrade account…you are going to be able to buy a Bitcoin ETF, a Bitcoin Mutual Fund. It expands the universe.”

With this fact in mind, a Bitcoin Bull Run is only a matter of time in the markets. Even with the current decline of BTC, traders are very much optimistic that the tides will turn in their favor with a full-blown Bull run. Some price predictions put BTC at $54k by the end of the year.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

Is Bex500 an alternative to BitMEX?

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An all around review of Bex500

Bex500 is a young but rapid-growing exchange, less adversarial than BitMEX, but with higher leverage than Binance, Bex500 has enough strings to attract many crypto traders. 

Those dissatisfied with the old exchange, may find Bex500 exchange with a stable system with no manipulation or “overload”, pleasant UX, user-friendly tool kits, and around-clock customer service.

Bex500 says they are making crypto margin trading “easier” and giving you a better return. 

Can they really achieve that? We conduct a comprehensive review as below to see if it is a trustworthy exchange

Question 1. What features does Bex500 have?

Bex500 offers perpetual BTC futures as well as three other cryptos including ETH, XRP and LTC, all paired against USDT. You may find Bex500 doing a good job aggregating most important features traders need for a robust trading experience with better return.

-A fair trade with no overload

Many traders are familiar with “overload” problem, which disables placing orders in peak trading times. It is suspected to be insider manipulations by exchanges which can cost users entire portfolios.

Bex500, with its unmatched TPS (claimed to be over 10,000 orders per second), ensures that the trading…

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Bitcoin

How Bitcoin Has Changed Online Gaming

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We always hear how Bitcoin is great for the financial industry, how it can remove the middleman and help you save money while you spend money. How it can provide fast transactions at any time to any place, even when you wish to send money to someone on the other side of the world.

While all of that is true, it is important to remember that Bitcoin’s impact does not end there. The coin has already changed countless other industries, but one of the first ones that have accepted it with open arms — and therefore one that was changed the most — is the online gaming industry.

Bitcoin’s impact on online gaming

The first thing to note here is that digital currencies have found their use in online gaming thanks to microtransactions. However, it goes far beyond simply purchasing an in-game item from another player. Bitcoin’s biggest impact, without a doubt, concerns online gambling, sports betting, and similar activities.

Bitcoin brings security and anonymity

Bitcoin casino has become one of the new most popular places for an online gambler to visit, and for numerous reasons. Bitcoin brought increased security — to the financial industry, as well as online games. This is important because security is crucial for anyone who enjoys online gambling. It…

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The Crucial Role of Cryptocurrencies & Blockchain in Modernising The Telco Industry

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Blockchain has caused quite a stir in recent years. In fact, there’s a school of thought that firmly believes the digital ledger technology will prove to be the 21st Century’s biggest innovation

There are a great many industries braced for the disruptive force of blockchain, and the sweeping benefits it can bring to telecommunications can’t be underestimated. 

A blockchain is a decentralised, distributed, public digital ledger that’s fundamentally used to record transactions online. Every transaction that takes place is recorded across an extensive array of computers in a way that ensures that any individual record within the chain can’t be tampered with or retroactively modified. 

Because of the virtually impregnable security associated with blockchain and the efficiency that comes with a fully decentralised ledger, there’s plenty of potential for the technology within the telco industry in particular – especially given the financial flexibility that comes with cryptocurrency transactions beyond borders. 

Let’s take a deeper look at the important role that both blockchain and its associated cryptocurrencies can play in modernising and securing the telco industry:

Unprecedented security

The arrival of blockchain is causing a stir at Deloitte. The professional services giant has contributed tens of thousands of words on blockchain within its ‘insights’ network, and there are…

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