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Bitcoin’s ETF could be the first case SEC approves; Coinbase secures $20 bl deal

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Coinbase, which is one of the top exchanges in the world with a value of about $8 billion have achieved great feats. The company recently acquired a $20 billion prime client and got its ads back on Facebook (everyone has as Facebook resumed crypto ads).

The crypto exchange put its intention to work on institutional money and as a result, it launched a custodial service and the Coinbase Prime – these two services specifically target institutions. Both Coinbase Prime and its custodial service are beginning to yield positive returns for Coinbase at the moment.

Furthermore, it is important to know that about $20 billion hedge funds have reportedly been put together to the prime service.  Another enormous hedge funds are possibly on the outlook by Coinbase Prime team to join the prime service later, too.

One of the big problems why institutional money is not invested is due to the lack of a prime brokerage and many institutions don’t want to risk losing their funds left on exchanges. However, Coinbase has gotten a big solution to this and also, the company wants to present a margin finance before the year closes, thus, enabling institutional players to trade effectively.

Facebook Permits Coinbase Ads Once Again

Coinbase has a lot to celebrate this week; one of them is that its ads are back on Facebook. Coinbase CEO Brian Armstrong posted on Twitter:

After Facebook banned adverts concerning cryptocurrencies in January, the social media restructured its policy in June. However, ICOs aren’t still allowed to be featured on the social media.

Bitcoin’s ETF Case to be Approved by SEC Very Soon

Bitcoin’s ETF may be the first file that gets approved by the SEC now. Lately, the number of positive comments have increased due to the second round of opinions disclosed by the SEC on the 27th of June in regards to Bitcoin’s ETF filed by CBOE. In regards to the approval, lots of crypto investors pored on SEC website; one of them said:

Dear CBOE, you need to understand that the whole world wants Bitcoin and Cryptocurrency, in general, to be legalized in the United States and in all parts of the world. ETF is a security and needs to be considered a security by the SEC.”

The same guy further added:

Bitcoin needs regulations and what better way to be officially viewed as a security by the SEC? American institutions need to see the future in Blockchain, Bitcoin, and Cryptocurrencies. The Whole American community asks you to officially allow Bitcoin ETF to be traded.”

ETF is a stock traded on different stock markets that have bonds, stocks, commodities, and so on. ETF is a preferred choice by most investors due to the fact that it has huge daily liquidity and the charges aren’t exorbitant.

Indeed, the influence of CBOE and crypto enthusiasts will see that the United States regulators bring up a great solution. SEC will announce its final decision on the 16th of August; undoubtedly, a favorable and good conclusion by SEC for the approval of ETF will push a bullish run in the market.

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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

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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