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Here Is How Bitcoin (BTC) Has Bagged 13 of The Biggest Wall Street Institutional Investors

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The crypto-markets are not looking pretty with the King of Crypto – Bitcoin (BTC) – having tested levels below $7,000 on several occasions this weekend. Bitcoin (BTC) is currently valued at $6,999 which is $1k less than it was a little over a week ago. This is a drop in value of 12.5% in the same time period. The total market capitalization has also dropped to current levels of $253 Billion from the levels of $300 Billion in less than a week. This is a drop of 15.66%.

But the episodes of constant decline in the crypto-markets could be a thing of the past with the Wall Street news announcement on August 3rd. This announcement stated that the owner of the New York Stock Exchange (Intercontinental Exchange, or simply ICE), has partnered with Microsoft, BCG and Starbucks and others, to launch a market and ecosystem to list physically settled Bitcoin futures contracts and a new company to push Bitcoin and other digital assets towards becoming mainstream financial assets.

This new company will be known as Bakkt and the list of firms that are part of this new firm are as follows:

  1. Intercontinental Exchange (ICE) – who are owners of the New York Stock Exchange
  2. Microsoft – whose cloud solutions will be leveraged to create an open and regulated, global ecosystem for digital assets
  3. BCG Global Management Consulting
  4. Starbucks – who will utilize its presence to further the adoption of Bitcoin
  5. M12 – Venture Capital arm of Microsoft
  6. Fortress Investment Group – an investment management firm
  7. Eagle Seven – management consulting firm
  8. Galaxy Digital –  a full service, digital assets merchant bank, with distinct trading, asset management, and principal investment
  9. Horizons Ventures – Venture capital firm
  10. Alan Howard –  Billion dollar hedge fund
  11. Pantera Capital – an investment firm focused exclusively on ventures, tokens, and projects related to blockchain tech, digital currency, and crypto assets.
  12. Protocol Ventures – a leading fund of funds investing in the top ten crypto funds in the asset class
  13. Susquehanna International Group, LLP – a global quantitative trading firm built on a rigorous, analytical foundation in financial markets

Summing it all up, this is a brief list of the institutional investors that we’ve all been waiting for to get into Bitcoin and cryptocurrency investing. These firms have been rumored to have been working on the Bakkt company for over a year. This means they have been silently planning how they will get into the crypto-markets with both feet and officially signaling the beginning of a potential bull run.

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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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