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October Is The Month For Bitcoin BTC

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Bitcoin BTC

Happy new month to you and all our readers! The last one month has been a tumultuous one for any crypto enthusiast, trader or hodler of any digital asset. Most of the days were filled with declining values and panic due to the news. Bitcoin BTC being the King of Crypto and being volatile during the last month, all alt-coins also suffered due to its relative instability.

A Recap Of September FUD and ETF Anxieties

First, there was the Goldman Sachs news of September the 5th that they were ditching plans to open a Bitcoin and Crypto trading desk. The news went to state that the firm was focusing on custody services that will bring the much-needed funds to the industry. In a sense, the news had stated that Goldman Sachs would not pursue digital assets as forms of investments. However, this news turned out to be fake, but the damage had been done.

Secondly, there was an air of anxiety for the SEC was scheduled to rule on the Bitcoin ETF application by CBOE, VanEck, and SolidX, by the 30th of September. However, the authority announced on the 20th of September, that it needed more time to make a decision. They also requested for the input of the public with regards to the rule change in the ETF. This, in turn, pushed the SEC decision to late December.

Thirdly, there was a bunch of Bitcoin futures contracts by the CME expiring on the 28th of September. Therefore, due to the historical past performance of Bitcoin BTC when futures contracts are about to expire, many traders had held back making any major moves for there was uncertainty. Many of the savvy traders headed to BitMex to attempt to short Bitcoin BTC and other digital assets, but Bitcoin proved to have a good support level above $6,500.

What October Holds For Bitcoin BTC

The first good thing about October, other than it being the month of good sports around the world, is that there is no pending major decision from the SEC. A Bitcoin ETF will not hover over the minds of traders as they attempt to make gains in the markets for the next few weeks.

Secondly, October comes before November and when the Bakkt firm is scheduled to launch. This then leaves the crypto space wide open for natural gains without fears of any bad news. Bakkt aims at bringing Bitcoin and crypto investing to the mainstream using existing regulation, rather than trying to change the rules like the pending Bitcoin ETF.

The firm also plans on providing custody services for the institutional investors who want to buy in bulk. Therefore, the challenge of storing large volumes of cryptocurrencies is left to Bakkt which is regulated and has all the necessary licenses.

Given the fact that the US stock market is worth an estimated $30 Trillion, Bakkt will make it possible for cryptocurrencies to bite off a small chunk of this value as investors look for alternative, untapped sources of attaining considerable gains. Bakkt recently tweeted their first investment product as follows:

Our first contracts will be physically delivered Bitcoin futures contracts versus fiat currencies, including USD, GBP and EUR. For example, buying one USD/BTC futures contract will result in daily delivery of one Bitcoin into the customer’s account.

In conclusion, and not hating on the month of September, October brings in a breath of fresh air in the crypto markets for there is no reason to be nervous in the markets. But as is always suggested, it is good to set stop losses and keep up to date with news from Global Coin Report.

Check out the Global Coin Report talk show as we address all the highlights in crypto and the financial markets. With guests from all over the cryptosphere bringing you news, editorial, and of course, money making opportunities.

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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 Bitcoin Esport Betting the next big thing in BTC Casinos?

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Bitcoin Casinos

Ever since the creation of the first sport games, people started enjoying the betting process. As the sports grew more popular around the world, so did the betting community and other than the physical betting shops, online sportsbooks have also started to emerge. Around 5 years ago the crypto gambling industry also made strides to join the fun and Bitcoin Casino started pouring its resources into providing proper sportsbook experience for their communities of players. For several years the things were steady and the concept of Bitcoin Betting was growing exponentially. Although recent events have significantly halted the progress of sports and betting, the new alternative started gaining traction in the gambling world, and that alternative was the Esport Betting. 

How did Esport Betting become so popular?

The beginning of 2020 was unprecedented for the history of mankind and all the global business, including the gambling industry. In the month of March, most of the sports stopped because of the ongoing global Covid-19 pandemic and betting services witnessed huge losses. That’s where the Bitcoin Casino industry found a viable alternative in the virtual sport segment. Because of that, Esport Betting has become increasingly more popular and the biggest BTC Casinos started providing a huge selection of tournaments in their sportsbook section.

How to participate in Esport Betting?

Esport Betting is basically the same process as the usual sports betting.…

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Bitcoin

Bitcoin is Steadily Changing Our Lives in the Greatest Ways Possible

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Bitcoin

Bitcoin has already brought our world some of the most incredible innovation we have seen, but the best is yet to come. 

Bitcoin, cryptocurrencies, blockchain. While often regarded as mere industry buzzwords are actually the fundamentals of something far greater. Things like borderless currency, decentralized business, open-source software, collaborative technology, shared computing. These are just a scant few of the underlying principles that are taking our technology and daily lives into the future. Should these sciences be embraced, it will be a bright future indeed. 

It has become ever more transparent that humans today are living in fear. If nothing else, 2020 has brought the tidal wave of anxiety and distrust that many live in the shadow of, to a terrifying apex. We are all just waiting for the crash. While some flock to literature, or social media, or their favored news outlet, others flock to exchanges. Using platforms like the newbie friendly Bitvavo to place their bets on the future, on what could be, and what already largely is. Bitcoin and the technology that underpins its innermost workings are a preparation for a better tomorrow. An investment in a future that is already changing our lives today. 

The Point Behind the Hype 

In 2008, when Satoshi Nakamoto wrote the bitcoin white paper, few paid attention. It took years to…

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Bitcoin

AAX Crypto Exchange Announces Massive Growth Numbers in August

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AAX Exchange

As the crypto market continues to surge, new traders continue to enter the market on a daily basis.  One of the first questions that new traders have is where should they trade crypto.  While there are countless options for buying and selling digital assets, traders need to exercise extreme caution and perform due diligence to avoid scam exchanges as well as places that have limited or no volume.  While the main platforms such as Coinbase, Binance, and Bittrex will always have significant volume, their fees are known to be on the expensive side.  AAX, a next-generation cryptocurrency exchange with the lowest futures fees in the world, represents a compelling alternative that traders should consider.

Growth Announcement

A few of the most important issues to consider when deciding whether to use an exchange are the number of users and the volume.  On August 7, AAX announced that in a little over two weeks, the exchange doubled its user base bringing the grand total of registered users to over 200,000.  At this rate, AAX may surpass the million mark later this year which would be an incredible achievement and is most certainly due to a variety of factors including extremely low fees and revolutionary technology.

Institutional-Grade Exchange

When AAX decided to build its platform, it set out to meet the demands of both institutional and retail investors.  In order to achieve that goal, the exchange operates at the highest possible…

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