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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

Basic Guide on How to Spend Bitcoin and Other Cryptocurrencies

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In recent years, Bitcoin and other cryptocurrencies have entered more into the mainstream. Most people walking down the street have at least heard of Bitcoin. While a lot of people got involved in the buying and selling of cryptocurrencies to try and make a quick buck, most people who are enthusiastic about the world of blockchain are in it for the long haul. 

These are usually the people who are going to be more likely to actually use their Bitcoin and other cryptocurrencies as a payment tool and not just as a storage of wealth or a trading tool. This guide looks at a few different ways in which you can use your Bitcoin in spending capacity. 

Crypto Debit Cards

Perhaps the easiest way for you to spend your cryptocurrency is by linking up your holdings to a debit card. 

These days, many of the leading card providers such as MasterCard and Visa have these types of crypto-linking debit cards. These cards can be used just like you would a normal debit card that is linked to your fiat currency bank account. 

Naturally, the most popular type of crypto debit card is going to be for Bitcoin, but there are other cryptocurrencies catered for also. 

Prepaid Cards

There…

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Hybrid Bitcoin Casinos or Bitcoin-Only Casinos – Which Are Better?

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The rise of cryptocurrencies over recent years has had an impact on several industries. Gambling is one such industry, and many of the best online casinos offer Bitcoin as a payment method

Some of these casinos work exclusively with cryptocurrencies, while some are more traditional gambling sites that simply have integrated crypto on top of their fiat options.

This post will take a look at the advantages of joining a Bitcoin-exclusive casino on the web versus picking a hybrid one.

Advantages of Hybrid Bitcoin Casinos

Let’s start with the hybrid Bitcoin casinos. Usually, those are traditional gambling platforms that have been around for a long period of time. 

They offer classic payment methods such as Visa, PayPal, Skrill, and similar. At some point, they decided to add Bitcoin and potentially other cryptocurrencies to their portfolio. 

If you decide to join an online casino of this type, you will be able to enjoy the following benefits.

Lower Risks

Such online casinos often have a strong reputation and are licensed by respected gambling commissions such as the UK Gambling Commission, the Malta Gaming Authority, and similar regulators.

They are known for protecting the customers and monitoring all actions…

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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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