Winklevoss Twins File For Bitcoin ETF - StockRockandRoll

The Story of ICODOG, November Progress Report

Crashing through the support lines like a Boss
If you are reading this, then your awesome! ICO DOG started off as a simple twitter channel in January 2018. People started to follow the dog, because we provided useful insights into ICO investing and whitelist links. Back then people still had to race everyone else to get into these things, before they would dump hard. In February we then had the first guys asking us to make a telegram chat room for the community and use primablock to pool funds together to send to such projects. It was a very exciting time to see ICO DOG brand grow so organic. After that, the market crashed 20% every single day. That was a rough period. To be honest, the whole year was a stony road. Several people came together, that were very active in the telegram channel and formed a team. It was like a mini DAO. We had review & marketing guys, tech guys, lawyer team and all that happened by itself on Telegram. We build the first Presale Platform, created a cool UI for users introduced a level system to build the community and later even added master nodes. However, things just became more and bleaker. As Bitcoin fell closer to $3000 more people left and the group became silent. Sounds like a sad story right? Well, every good storyline has a downturn, followed by a boost of motivation to get through all the shit. A few months ago, we decided that the ICO space became a bit too scammy in 2018. We started to become more selective with the investment choices and eventually stopped pooling altogether. Pooling was about winning together, and it’s not fun if everybody loses. We started to look into other forms of revenue that we can build up to keep us over water until the bear market is over. What we love to do the most is community building, and community is the MOST important aspect of a decentralized network. The idea of blockchain was it to move from a centralized system to a decentralized one. This word decentralized is being thrown around on a daily basis although most people still do not understand what it means to change the architecture from centralized to decentralized. Most if not all big projects still have a very centralized structure going on with a few exceptions like Bitcoin, Ethereum & Steem.
Understanding decentralized Architecture
A decentralized architecture is fundamentally different to anything we know as of know. That’s also why it’s so hard to understand. Think of bitcoin as the first decentralized company. Let’s call it Bitcoin Crop. To help understand the Bitcoin Company metaphor, let’s say bitcoins properties are the products that this new decentralized company is producing. Common things said about Bitcoin is its decentralized, censorship resistance peer to peer money. These are often the terms used when people tell you why you should buy bitcoin. Bitcoin is the fastest growing asset of all time. Therefore Bitcoin as the first decentralized company is the fastest growing Company in the world, reaching an evaluation of over 300 Billion USD in less than 10 years. Although the Bitcoin Company is producing high-quality stuff, the products themselves are only as good as the sales, distribution, marketing and that where decentralized architecture kicks centralized companies ass. To make things even more complicated we now have to rethink what it means to be paid and to receive a salary. In a centralized company, build on the centralized architecture model, you work for your boss, who has a boss and that boss gets told what to do by some CEO who then has to take his others from shareholders. The money “trickles down” the food chain and by the time it reaches the bottom almost all of it is gone. Let’s compare this with the first decentralized company Bitcoin. In the Bitcoin company its a bit more complicated than that. In the early days of the company, if you want to work there, you actually have to pay the company first! Crazy I know! Think of it as some tribute to show your loyalty to the Network. The earlier you join, the less you have to pay, and the more of the company network you own. In the early days of Bitcoin Corp. most of the employees there were just engineers and a few crazy marketing guys. Things became a lot more interesting in 2013, when some important people started to work at Bitcoin Corp. People like the Winklevoss twins, Roger ver, Chamath Palihapitiya and many others bought a big share in Bitcoin Corp. and thereby earned the right to work for the Bitcoin. After that, Bitcoin Corp started to grow exponentially, because those new high-class employees had a lot of leverage and even more incentive to grow Bitcoin. The harder they would work the bigger the company would become and the more valuable there coins would be. This was the birth of the first decentralized payroll. Most of the mentioned people earned millions working for Bitcoin and are still working hard getting ETFs approved and spreading the word about it. Every person that owns Bitcoin becomes an employee at Bitcoin Corp. Everybody is rewarded for the work that anybody does, and everybody is incentivized to help grow the Bitcoin company.
Introducing a New Way of Doing Everything
A few months ago, we decided to build software to help ICOs build their own decentralized Networks. We called the system Proof of Engagement and called the Software the DAO Maker. Pun intended. Proof of Engagement is a concept that helps onboard new users and uses token bondage curves and community incentive to create an organic community of long-term token holders. We took our functions that we build to detect contributors in an ICO pool and combined it with our Point system to great a smart community program. The idea is that users can join the ICO before it starts and do community work, quizzes, and other services before the public sale ends. Once the tokens are unlocked, those users that joined the ICO will get their investment tokens + engagement reward tokens. Users can then continue to earn community bonus tokens monthly, but ONLY if they keep their ICO token in the wallet which they used for investing into the ICO. The monthly rewards increase with:
Time user holds the initially invested coins.
Time users hold their earned engagement tokens.
The total amount of tokens held by registered users.
The total amount of tokens user is currently holding.
Current users community level.
Monthly earned points.
All of these factors are added together, to give the exact value that a user will receive monthly. Put simply its a micro staking system, that rewards engaged users in tokens. The result is a dynamic token bonded community. People have incentives to build and help the network, the more experience that have the more tokens they will own, the more tokens they will earn. The system incentives loyalty and hodlers, while also makes it possible for new users to join the system and help the network to grow. For a deeper understanding on Dynamic Token Bonding Curves you can check out some publications on Token Economy here 
The best KYC & AML & CTF in Crypto
For the past months, we were talking to A LOT of KYC providers. We quickly came to the conclusion that most of them are scams. The state of Anti Money laundry in crypto is pretty scary. I lots of people will end up in court for violating the AML directives. Currently, most ICOs do not comply with KYC & AML laws. The EU currently requires to be compliant until the 4th EU AML directive, which will change in 2019. We are already compliant with EU AMLD5, which is not in force yet but already includes cryptocurrencies, we are a step ahead of the curve in the EU. Starting this week, we will introduce the new KYC & AML features on our Platform. We are using the newest system of machine learning to scan a users face and password as well as detecting an applicants voice, to generate a complete biometric signature of his application. We will be able to onboard KYC & AML application in real time and will be one of the first fully compliant with the new regulations of 2019. 
Updates to ICODOG Reviews
We changed the homepage for ICO DOG to show more crypto stories, reviews and post analysis. We are working on a more in-depth redesign for ICODOG.IO in 2019. We added a few new Blog sections namely, ICO Analysis and Post ICO Reviews and Crypto Stories. We want to take more time in 2019 to evaluate ICOs that concluded their Sale in 2017 & 2018. We are planning to make this a decentralized work effort with the help of Token Curated Lists (TCL). We will make a few posts about TCL in the next few weeks. ICODOG.IO is focusing on providing value-adding content, not the same stuff that the mainstream crypto outlets write about. This will be a really cool project that we are very excited to start next year and finish by end of Q1 2019. We welcomed 3 new writers to the ICODOG team and are trying to produce useful content every day.
New Partnerships & Business Development
Last month we Partnered up with several high-quality service providers as well as high potential ICOs. We will add all of the new partners on the Partners on the Partners tap of the updated website. Looking forward to building the new world with likeminded people.
ICO DOG Platform Upgrade 2.0
We been very busy and added a lot new feature on ICO DOG Investment platform. We are still in bug hunting so if you use the bug bounty tap on the platform to help us. We added some cool features that will make the life of many a lot easier. Automated twitter confirmation Users once a user connects their Twitter account in the profile section and starts generating tweets and retweets, these actions will be detected at midnight automatically. That means users do not need to click claim every day, but instead can earn points directly on Twitter. Reddit Automated Integration Users can now also join the Reddit campaign and generate threads and comments to spread the word about ICO DOG. We increased the team to help with the distribution of content among all the social media accounts. This should help you guys earn points quicker and easier as well as build a community on Reddit. For launching this new system we are increasing the points for reddit registrations by 3x. Ambassador Program We added an Ambassador Program for the ICO DOG community. We added Ambassador status to several people already that have been part of the community for almost a year and been working together through this bear Market. Ambassadors have special rights and access to social media accounts, discord reddit and will be informed about the latest updates.
ICO DOG COIN
We plan to introduce the ICO DOG Coin next year. This coin will be the fuel that powers all of the ICO DOG utility. Ambassadors will get monthly airdrops in the ICODOG coin depending on their contribution. Part of the revenue that ICO DOG will make goes into the coin via buybacks and token burns. As we are not raising any funds from nobody, the coin is cannot be considered a security. All new Features Summarized Following a few of the new features: + Upgraded pool system: – new wallet management – my pools is now a list (click the red sync button to update your pools) – record and track all the transaction you have sent, even from different address – improved overall working flow + Add reddit integration with auto check (it runs every day) + Weekly competition + Global real-time notifications + Two factor authentication support (Google authenticator) + Twitter with auto claim (it runs every day, no need to click Claim anymore) + Many other new features and bug fixes 
Summary
This year was rough, but we did not give up. The harder Bitcoin Dumps, the harder we work! Things could be better in terms of the market, but fundamentally ICO DOG is doing pretty good. We want to thank all those that have been with us on this amazing journey since the beginning. Crypto will change the world and we will help make that happen. If you like what we do please register on the icodogpool platform and shill this and other-other content! As always like, share and join discord & telegram.
https://icodog.io/crypto-stories/the-story-of-icodog-november-progress-report/
submitted by icocatapult to icodog [link] [comments]

Keep an eye out for August 10th! That'll be a big day for Bitcoin

TLDR; CBOE may have a good chance of getting the BTC ETF approved by the SEC. The SEC has until August 10th 16th to approve or Deny the application. If approved, Q1 of 2019 is when the ETF is expected to launch.
As most of you probably know the CBOE has filed to list BTC as an ETF with the SEC. What this means is that BTC will end up accessible to traditional investors and can be purchased on traditional investment platforms. It is very likely, in my opinion, that they will get the a-okay from the SEC to list BTC as an ETF.
Why do I say this? Well let's look at the history.
- In 2014 the Winklevoss Twins tried to file a BTC ETF with the SEC
- In 2016 we had SolidX that tried to file a BTC ETF with the SEC
- In 2017 we had the NYSE file for a BTC ETF with the SEC
- Also in 2017 we had the CBOE launch BTC futures
- Lastly, in June of this year we had the CBOE file for a BTC ETF with the SEC where the ETF is "being offered through the VanEck SolidX Bitcoin Trust - a joint venture between financial firms VanEck and SolidX"
So why haven't any of these ETF's seen the light of day? The answer can be explained by this refreshing piece of journalism "In March 2017, the US SEC claimed that the Winklevoss ETF proposal was rejected because Bitcoin, as a digital asset, was not regulated properly overseas without proper regulatory frameworks in place. The agency also noted that there lacks insurance around cryptocurrencies.".
So regulatory frameworks and insurance have been the two biggest obstacles in the way of the SEC approving the ETF. Luckily for us, cryptocurrency is a global affair and we're noticing more Anti-Money Laundering (AML) policies and standards of security. Additionally, overseas markets like Japan and South Korea arguably have better regulatory frameworks than the US, with Japan leading the G20 in creating an international standard for crypto regulation.". Unfortunately for the SEC, crypto is global and I have no doub that they are fully aware that slacking on crypto regulation and acceptance = losing out on billions of dollars - but more importantly losing global economic leverage. I have no doubt in my mind all countries which are late to the crypto game will find themselves becoming a 2nd world country, in a relative sense.
Anyhow, back to the CBOE and SEC. The CBOE is a company with a market cap of $11b. If, obviously rich and well connected, people of an $11b company, which has existed since 1973, decides that spending the time and energy to investigate, create, modify, and go through all legal and regulatory frameworks to file a BTC ETF with the SEC - where rejections have been hot since 2014 - They know what they're in for. This isn't some team of plebs working on some sort of maybe. This is a team of who knows how many professionals, for sure getting paid big bucks (and maybe even having their jobs on the line), cumulatively deciding that even though the SEC has rejected BTC ETF's in the past, their application may have a shot.
Why is the CBOE application different? Well, aside from the increased regulatory processes crypto has gone through, on a global dimension ; the CBOE has stated that their BTC ETF will be INSURED. That right there is a big deal! This means if the CBOE gets hacked, it isn't some Mt.Gox or bitgrail situation where people are out millions... That simply won't matter to ETF investors. I would also argue that running BTC futures without much of a hitch, will make things easier for the SEC to pass this CBOE BTC ETF (but that's just my opinion).
If/when this happens the ETF is expected to go live in the first quarter of 2019. I don't expect much to happen until then (at least in the Western Crypto space in which I am most familiar with). Lastly, the whole reason for this post is that August 10th of this year is the rumored date for the SEC to approve or deny the application August 16th is the date rumored for the SEC to make their decision , so that'll be a big day for BTC. The SEC states that they make a decision 45 days after a request.
What I am very curious about is that if the crypto market keeps moving upwards towards that date, the challenge will be trying to figure out if its us retail investors buying the rumors or if well connected individuals are buying the future news.
**If I am talking bs or made mistakes in this post please call me out on it. That's how we all learn. Thanks! **
Edit : I am wrong about August 10th. The date to look out for is August 16, according to this post
submitted by Tkldsphincter to CryptoCurrency [link] [comments]

The Future Of Blockchain: Fintech 50 2019

The Future Of Blockchain: Fintech 50 2019
As the price of bitcoin collapsed last year from a high of $19,000 to less than $4,000, skepticism fell over many other applications of blockchain, the technology that powers most cryptocurrencies by recording transactions without a central authority.
Much of the hype surrounding promises that sounded too good to be true is dissipating as reality and regulations set in. What remains however, are proven teams, flush with cash from mainstream investors, and increasingly, actual revenue.
Going forward, the blockchain selections from this year’s Forbes Fintech 50 2019 picks will undoubtedly form some unusual alliances as they evolve past competing against other blockchain startups, to competing in mainstream finance against long-established players.
Axoni co-fonders Greg and Jeff Schvey.AXONI
Axoni
New York City
Using blockchain-based smart contracts to overhaul the back office of the world’s biggest derivative markets. Its distributed ledger will allow counterparties to see payments, calculations and other vital trade information in real time, improving efficiency and lowering risk. Already partnering with world’s biggest banks and financial intermediaries.
Funding: $59 million from Goldman Sachs, JPMorgan and others
Bona fides: It is currently putting the $10 trillion credit derivative market onto smart contracts working with DTCC and a steering committee of 15 of world’s biggest banks. It’s already settling foreign exchange trades using the blockchain.
Cofounders: CEO Greg Schvey, 32 and CTO Jeff Schvey, 33. The brothers also cofounded TradeBlock, which provides institutional trading tools for cryptocurrency

Bitfury CEO Valery VavilovBITFURY
Bitfury
Amsterdam
This full-service blockchain firm expanded from its roots providing bitcoin mining hardware to launch its own blockchain, plus software designed to help U.S. law-enforcement and others investigate illicit activity using bitcoin.
Funding: More than $150 million from Korelya Capital, Macquarie Capital, Dentsu & others.
Latest valuation: $1 billion plus
Bona fides: $500 million in revenue in 2018
Cofounder & CEO: Valery Vavilov, 39, a Latvian-trained computer scientist.

Circle co-founders Sean Neville and Jeremy AllaireCIRCLE INTERNET FINANCIAL
Circle
Boston
Crypto finance giant Circle last year entered the exchange business with the purchase of Poloniex and now offers services for cryptocurrency trading, investing and payments. Last October partnered with Coinbase to launch USDC stablecoin — a crypto asset using the Ethereum blockchain and backed by U.S. dollars.
Funding: $246 million from IDG Capital, Bitmain, Breyer Capital, Goldman Sachs and others.
Latest valuation: $3 billion
Bona fides: 8 million customers from more than 100 countries; USDC has a $335 million in recent market value, making it recently among the 20 most valuable cryptos..
Cofounder & CEO: Jeremy Allaire, 47, previously founded publicly traded Brightcove online video platform

Coinbase CEO Brian ArmstrongCOINBASE
Coinbase
San Francisco
Expanding beyond its roots as a bitcoin wallet and retail exchange, Coinbase now offers cryptocurrency custody, professional and institutional trading platforms, and an institutional trading platform. Last year bought Earn.com, a service where users pay in bitcoin to contact experts via email, for a reported $100 million.
Funding: $525 million from Tiger Global Management, Andreessen Horowitz, YC Continuity & others. Latest valuation: $8 billion
Bona fides: The most heavily funded startup in crypto; has opened 25 million wallets for customers.
Cofounder & CEO: Brian Armstrong, 36, whose Coinbase holdings make him a billionaire.

Tyler Winklevoss, chief financial officer and co-founder of Gemini Trust Company LLC, right, and Cameron Winklevoss, chief executive officer and co-founder.© 2016 BLOOMBERG FINANCE LP
Gemini
New York City
Founded by twin brothers Tyler and Cameron Winklevoss, the Gemini cryptocurrency exchange is licensed as a New York trust company, making it a qualified custodian and a fiduciary under New York Law. Now licensed to do business in 49 states, Gemini is leading the fight for an SEC approved bitcoin ETF, and launched the Virtual Commodities Association to promote cryptocurrency industry self-regulation.
Funding: Winklevoss Capital Management, wholly owned by Tyler and Cameron
Bona fides: Employs 200 people and just moved to a new 50,000 square foot office
Cofounder & CEO: Tyler Winklevoss, 37, a former Olympic rower

Brad Garlinghouse, chief executive officer of Ripple Labs Inc.© 2018 BLOOMBERG FINANCE LP
Ripple
San Francisco
Its blockchain based global settlements network aims to replace SWIFT, the interbank messaging platform that has long connected nearly every bank in the world. Ripple has also launched a service that lets companies make cross-border payments in XRP, the cryptocurrency created by its founders, which was recently second to Bitcoin in value.
Funding: $94 million from IDG Capital, SBI Investment, Santander InnoVentures & others.
Latest valuation: $5 billion
Bona fides: 200 RippleNet customers, including Bank of America and American Express
Cofounders: Jed McCaleb, Chris Larsen and Arthur Britto
CEO: Brad Garlinghouse, 48, former president of AOL
For full Forbes Fintech 50 2019 coverage, see:
Full list of the Fintech 50 2019
The Future Of Personal Finance: Fintech 50 2019
The Future Of Lending: Fintech 50 2019
The Future Of Real Estate: Fintech 50 2019
The Future Of Investing: Fintech 50 2019
The Future Of Payments: Fintech 50 2019
The Future Of Wall Street: Fintech 50 2019
Fintech 50 2019: The Newcomers
The 10 Biggest Fintech Companies In America 2019
Ryan Williams, 30, Started A Revolutionary $800M Fintech. But Can He Escape His Kushner-Trump Connection?
A 29-Year-Old Dominican Immigrant Is Teaching Fintech Startups How Real People Relate To Money
This Startup Is Creating A Real-Time Data Map Of The Global Economy. BlackRock And PayPal Are Buying It
submitted by dForceProtocol to u/dForceProtocol [link] [comments]

Cryptocurrencies plunge for the week with Bitcoin still below USD$6,550, forecasters project 54% per annum growth in the Cryptocurrency ATM industry over 5 years and Coinbase explores launching a Bitcoin ETF with BlackRock

Developments in Financial Services

Regulatory Environment

General News

submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

Bitcoin ETF- the holy grail?

Bitcoin ETF- the holy grail?

What is an ETF?

ETF stands for exchange traded fund, which is basically a security that tracks some underlying assets (for example equities, bonds or commodities). The issuer of the ETF takes custody of the underlying assets it tracks and then issues a number of shares that represent ownership. These shares can be easily traded (like stocks) and therefore remove a lot of barriers for investors who are willing to invest in this particular asset.

If an ETF-issuer wants to create new shares, they turn to an authorized participant (AP). An AP is someone who is responsible for purchasing the underlying assets an ETF wants to hold. APs require a license from the ETF provider and then buys the underlying asset on behalf of the ETF-issuer. Subsequently, the AP sends these freshly purchased assets to the ETF-issuer and then ETF provider sends shares of the fund back to the AP. The value of these shares is equal to the assets the ETF provider just received.
The redeeming process works in the opposite direction: AP sends ETF shares it wants to redeem to the ETF provider, which then
returns the underlying assets back to the AP.

There are times when the price of the ETC can become higher than the price of its underlying assets, or net asset value (NAV). Then the ETF is said to be trading at a premium. If the ETF is trading below NAV it is called trading at a discount. The AP arbitrages premiums and discounts to keep the market price tightly coupled to the NAV.

What is the benefit of an BTC ETF?

The shares of an ETF can easily be obtained and traded and lowers the barrier of entry for investors. With Bitcoin, these barriers are buying the asset and, most of all, safe storage of the asset. A BTC ETF enables technologically inexperienced investors to profit from BTC price movement without going through the hassle of securing their private keys. Hedge funds, pension funds, and 401ks can easily invest in this ETF, so we expect a lot of new capital to flow in Bitcoin. Increased capital inflow decreases volatility and therefore making BTC more stable.

What types of Bitcoin ETFs are proposed?

There are two types of Bitcoin ETF proposals:
ETFs that Physically Hold Bitcoin (VanEck & SolidX ETF)
ETFs that Purchase Bitcoin Derivatives (ProShares, GraniteShares, Direxion)
ETFs that physically hold Bitcoin

This type of ETF owns the underlying asset it tracks. Every share is backed by the real deal.

Pros:
low transaction costs
tracks the performance of the underlying asset directly
high liquidity

Contras:
counterparty risk (custody of the asset)
ETFs can only be traded through specific daytimes where the BTC market is open 24 hours

ETFs that purchase Bitcoin derivatives
The second kind of ETF does not actually hold any Bitcoin. Instead, the ETF tries to mimic the performance of Bitcoin by trading Bitcoin futures, options, swaps, money market instruments.

Pros:
no worrying of custody of BTC, since these types of ETF don't hold BTC directly

Contras:
approximating the performance of Bitcoin
active management risk
active management cost
margin call risk
leveraged trading risk
rollover risk
ETFs that are holding physically Bitcoin are far superior to the derivatives-based one. And I expect the first type to havesignificant higher chances of approval. BTC-futures are only a few months old and I cannot imagine that the SEC will approve an
ETF that tracks these highly speculative and brand new derivatives as underlying.

Requirements of the SEC

The U.S.- Securities and Exchange Commission (SEC) has certain requirements for an ETF to be approved:
Custody solutions
immune to manipulation
sufficient liquidity
coorect valuation of the NAV

Current situation

All derivatives-backed ETFs were rejected by the SEC on August 23. These ETFs were filed by ProShares and Direxion.
The decision came down to the risk of market manipulation & fraud. The SEC can only approve an ETF that is designed to
prevent fraudulent and manipulative acts and practices. The Winklevoss ETF (backed by the underlying asset) was rejected
earlier this month. The main argument for rejection was the fact that the price determination of the NAV would only happen
on the Gemini exchange (which is owned by the Winklevoss twins). The only remaining big proposal is the ETF from
VanEck & SolidX which backed by the CBOE (Chicago Board of Options).

The VanEck & SolidEck ETF proposal backed by the CBOE

This proposal is vastly superior to prior ETF proposals and addresses most of the concerns the SEC has expressed when rejecting prior ETF applications. Reasons are:
holds physical BTC
backed by the CBOE, which is a very serious institution
shares are big (25 BTC = 1 share), this excludes retail investors
Involved parties:
Fund: SolidX Bitcoin Shares.
FileExchange: CBOE BZX Exchange.
Trust/Fund IssueBTC Custodian: VanEck SolidX Bitcoin Trust.
Trust’s SponsoManager: SolidX Management.
Trust’s Administrator & Cash Custodian: BNY Mellon.
Marketing Agent: Foreside Fund Services.
Marketing: Van Eck Securities Corp.

Comparison with a Gold ETF

The SEC approved the streetTRACKS Gold Shares ETP even though the spot gold market were largely unregulated.
On March 28, 2003, the first gold-backed ETF, developed by ETF Securities, was launched. It trades on the Australian stock exchange as the ETFS Physical GoldGOLD, +0.06% with assets under management at about $602 million.
“We can certainly track the growth of gold ETFs since their invention, and see how investor interest in gold has growth significantly,” said Will Rhind, managing director of U.S. operations for ETF Securities. Globally, there are now 143 gold ETFs available, with the latest data showing assets under management at roughly $132 billion, he said.
In the first few years after the first Gold ETF was introduced, the Gold price rose by over 600%. The ETF lowered the barrier
of entry for many investors.

Final deadline

The Sec can postpone the final decision until 21. February 2019 and we expect them to do so. The developement of Bitcoin markets made big leaps forward since the filing for the Winklevoss ETF, for example we have now very advanced custody solutions
(from Coinbase for example) and with increasing liquidtiy volatility decrease.


submitted by MICH3R to swissborg [link] [comments]

Weekly Crypto Recap for the week ending July 27

Developments in Financial Services

Regulatory

General News

submitted by QuantalyticsResearch to CryptoMarkets [link] [comments]

Weekly Crypto News Recap for the Week ending July 27

Developments in Financial Services

Regulatory

General News

submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

5 Reasons The Winklevoss ETF Will Send Bitcoin over 10,000+

http://bitcoinpricelive.com/bitcoin-etf-5-reasons-the-winklevoss-bitcoin-etf-will-send-bitcoin-to-10000/
The Winklevoss Bitcoin ETF is set to go online at the end of 2014. You might remember the Winklevoss twin brothers from the movie The Social Network where they sued Mark Zuckerburg and Facebook to win 50 million dollars. Since then the twins have moved on to start a Bitcoin ETF named the Winklevoss Bitcoin Trust. Once it begins trading, expect the price of Bitcoin to soar to over $10,000.
Here’s 5 reasons why:
  1. Wall Street Money Will Flow Into The Bitcoin ETF. As soon as a person can go to their brokerage account, type in the symbol COIN and buy now, it will put upwards pressure on the price of Bitcoin. There are many wealthy investors who would like to get into Bitcoin but they feel uncomfortable that Bitcoin is not in their name, that they need to backup a wallet, and they need to keep their computer virus free. The Winklevoss ETF will allow the average wealthy investor who is a not technology expert to put large amounts of money into Bitcoin.
  2. The Winklevoss ETF will be promoted as currency diversification on Wall Street Bitcoin is already being regarded by Wall Street as a new currency. The US dollar, Euro, and Yen have been undermined as a store of value. It will be advertised to clients as a high risk, high reward alternative currency.
  3. Trading of the ETF will only be open during stock market hours The COIN ETF can only be bought or sold during the NASDAQ market is open in the United States. This means that the Wall Street investor will only be able to access Bitcoin trading from 9:30 AM EST to 4:30 PM. During this time period, there will be increased volume and more news released about Bitcoin. In the downtime there will be massive speculation about where the Bitcoin ETF will open and for what price. There will be discrepancies of the price between Bitcoin exchanges and the Bitcoin ETF.
  4. Liquidity in Bitcoin markets will increase dramatically. There will be many more Bitcoins trading hands on a daily basis as the Bitcoin ETF will be required to allow shorting as well. This means that investors can bet that Bitcoin will go down as well. When the Bitcoin ETF opens, it will be much easier for Bitcoin Bears to bet that the price will go down. However, this is good for the price of Bitcoin as it will allow investors to bet both sides of the Bitcoin, increasing Bitcoin transactions
  5. The Bitcoin ETF is required to buy additional Bitcoins Details of the Winklevoss ETF reveal that as more money flows into their trust, they are required to buy Bitcoins. Since the supply of Bitcoins is limited, this means they will have to buy from exchanges or over the counter purchases. Recently, the Winklevoss Twins announced they would pay in Bitcoin to go to space via Richard Branson’s Virgin Galatic.
Expect the price of Bitcoin to go space as well!
submitted by rampageEesti to BitcoinMarkets [link] [comments]

Good News vs Bad News: Why BTC prices are not skyrocketing (currently).

Hi Reddit. Long time lurker, first time poster.
... tl;dr: Bitcoin prices will not increase until the user base increases and/or the demand for BTC increases. Merchants accepting BTC does not satisfy either of these requirements. ...
Over the past week or so I have seen a few posts here in Bitcoin where the poster is frustrated that BTC prices seem to be falling in the midst of a mountain of positive Bitcoin press (Andreesen's op-ed, Overstock accepts BTC, etc). In addition to these types of posts, it seems every day there are posts here on the subreddit that "the coffee shop, dentist, shoe shiner, paper boy down the street now accepts BTC!" While these are all positive news stories, in the market of economics these stories have ZERO impact on the price of BTC.
At it's current saturation, the price of BTC is going to be simply controlled by principles of supply and demand. Bitcoin is no longer a geek-only product. It has matured beyond the influence of small time pump and dump marketers. While the market still is extremely volatile and subject to significant swings, ultimately it won't be a positive story that sends BTC prices rising. I believe, and as Economics 101 reinforces, the price will increase as demand for the coin increases.
When I look at the BTC market and attempt to forecast its future performance, it's important to identify stories or events which will trigger an increase in demand of BTC. And we must also keep an eye on items which can produce the opposite - a massive sell off.
So, regarding the price of BTC we need to define what is GOOD news and what is BAD news.
GOOD news = Increase Demand: More Users, More Security, More Adoption, Easy In / Easy Out
BAD news = Decrease Demand: Poor Government Regulation, Security Risks in the Protocol, Security Risks in Wallets, Increased Confusion in the Market, Complex Purchase & Holding Process
When we look at news stories, we should be evaluating them from the point of "Will this make it easier or more difficult for people get into BTC?" For the price to reach moon levels, it MUST be easy for your mom to get into the market.
Through this lens, stories about your local coffee shop or dentist accepting BTC as a payment are not significant enough to affect BTC prices. Not even stories of the scale of Overstock or Sacramento Kings, etc. Merchants accepting BTC does little to add additional users to the BTC ecosystem. If Amazon.com, Disney, and Coca Cola all announced tomorrow that they now accept BTC, this would be GREAT news. But, it still would have a minor impact on the BTC user base.
We should be looking for startups, technologies, businesses, and protocol updates that will open the doors to new users. (And if you are an entrepreneur, you should be trying to help solve this problem.)
When I look at the industry, barring any significantly poor US regulation, I see some fairly exciting GOOD news forthcoming in 2014 of this scale.
1. The launch of Circle.com. There has been a lot of opinion and fear about this company. Whether you agree with their association or not, Circle has compiled a who's who of executives from current finance powerhouses - in addition to key advisor in Bitcoin developer Mike Hearn. Although their product or service offering has been kept close to the vest, there is little doubt that Circle will be launching a consumer friendly product that should make it SIGNIFICANTLY easier for you mom and mine to buy into BTC. If Circle is able to make buying and holding BTC user friendly, we should see a huge spike in the user base.
2. The launch of the Winklevoss ETF Tomorrow the Winkelvii go before the NY regulators. I expect the twins will find out early this year if their Bitcoin ETF will be approved. If so, this will open up BTC to every investor and 401K holder in the country. Having an approved ETF will not only increase the user base, but also bring BIG DOLLARS to the marketplace. Talk about an increase in demand!!
3. Improved Security to the Bitcoin Protocol Last week Mike Hearn (Bitcoin core developer) announced some soon to be launched upgrades to the Bitcoin protocol. http://www.youtube.com/watch?v=coj3uBrnxIg These are all great security upgrades which are important to the scaling of the protocol. If the Bitcoin userbase increases, and as the BTC market cap scales, having forward thought like this is vital to ensure the ecosystem can sustain itself during scale. These are extremely complex issues, and it's very comforting to hear that the core team are feverishly working to get things button up to support world wide adoption.
I'm sure there are other market significant companies or events which will also occur. Though, if just one of the three above come to fruition this year, I have no doubts we'll see a huge spike in BTC adoption, and thus an increase in the price.
No matter what the market prices have done over the past month, I expect GREAT things for BTC in 2014. I hope you do too.
submitted by dentonbros to Bitcoin [link] [comments]

Approval of the Winklevoss Bitcoin ETF is expected before the end of the year, according to this article on Gemini....

Get your moon suits ready! From the paywalled mondaymorning article:
The Gemini Bitcoin exchange, one of several Bitcoin-related projects that the Winklevoss twins have in the pipeline, has obtained two key approvals from New York regulators.
The New York State Department of Financial Services (NYDFS) has granted the Gemini Trust Co. approval for its Articles of Organization. The NYDFS also granted Gemini an exemption from the FDIC deposit insurance requirements of New York's banking laws.
It's all been part of an arduous process to gain the solid regulatory backing needed to make Gemini the top choice for institutional investors.
The Winklevoss twinsThe Winklevoss twins, Tyler and Cameron, set up the Gemini exchange as a trust company under New York regulations. It gives the Bitcoin exchange many of the same privileges as a bank, including the ability to take deposits.
But as a banking trust, Gemini can't lend money. Lending isn't necessary for Gemini to function as a Bitcoin exchange, and it would have lengthened the approval process even more.
The new approvals make the Gemini Trust Co. an "established entity," which means it can now pursue the formal relationships with banks and vendors that will allow it to actually launch the exchange.
The approvals have Gemini on the "one-yard line," Cameron Winklevoss told CoinDesk, although it still needs a few more approvals from the NYDFS.
The Winklevoss twins have pursued the banking charter path rather than apply to the NYDFS for a BitLicense specifically because they wanted to serve institutional investors.
"I don't know if anyone has made this distinction enough. If you want to service institutional customers in New York, the BitLicense is not sufficient," Cameron Winklevoss told CoinDesk. "There's a good chance that when you get one you'll have to curtail or stop actually servicing NY institutions."
The charter also means the Winklevoss Bitcoin exchange will have the option to offer derivatives, swaps, and futures, although that will require further approval from the Commodity Futures Trading Commission (CFTC). The CFTC ruled last month that Bitcoin is a commodity, and so such trading falls under its jurisdiction.
Gemini will not be the first U.S.-based Bitcoin exchange – Coinbase and ItBit went live earlier this year. ItBit, like Gemini, operates as a trust company with NYDFS approval.
But here's why institutional investors are likely to prefer the Gemini Bitcoin exchange
What Sets the Gemini Bitcoin Exchange Apart Part of the appeal of the Gemini Bitcoin exchange is the painstaking effort the Winklevoss twins have made to ensure it's fully compliant with all regulations. That goes a long way to building confidence in an institution – particularly a new one based on a digital currency that itself is only six years old.
But the Winklevoss twins also believe Gemini has features that will make it more appealing to institutional traders.
"We describe Gemini as an E-Trade, because we'll have a web interface, like Nasdaq, because we have a matching engine order book, and like DTC [Depository Trust Company] because we are also a clearing and settlement house. We are basically all three functions collapsed into one," Tyler Winklevoss told Modern Trader. "When we discuss what we're doing with the institutional crowd, they get really excited about the clearing and settlement aspects of what we're doing, and the reduction in costs. Bringing that friction down is a massive opportunity."
The Gemini Bitcoin exchange also fits into a larger trend of rapidly increasing Wall Street interest in the digital currency. Last month, for instance, nine major world banks announced they had formed a partnership to study ways to incorporate Bitcoin into the global financial markets, an alliance that since has grown to 22.
The Gemini exchange is just one Bitcoin investing initiative the Winklevoss twins have undertaken.
They also are awaiting U.S. Securities and Exchange Commission approval of the Winklevoss Bitcoin Trust, a Bitcoin exchange-traded fund (ETF) that will trade under the ticker Nasdaq: COIN. Approval of the Winklevoss Bitcoin ETF is expected before the end of the year.
The Winklevoss twins also created their own Bitcoin price index, the Winkdex, which uses a weighted formula based on trading at the top three Bitcoin exchanges. But for now, they're very much focused on launching the Gemini Bitcoin exchange.
"Our days are focused on building what we consider a pure-play Bitcoin exchange," Tyler Winklevoss told Modern Trader. "We need to make sure it's an active, healthy market with the right participants, so that when people show up, there's liquidity, a full order book and everything works as expected and advertised. We're trying to do this one thing really right, in a way that the community hasn't seen yet."
submitted by Cryptolution to Bitcoin [link] [comments]

Pump & Dump is "no longer" an acceptable term in crypto currency

Greetings Yung Astronauts!
I would like to start by saying, "There is no such thing as a bad child". I believe that children learn what they live and are products of their everyday surroundings whether it be poverty or prosperity. With that said, "There is a such thing as a bad child in crypto currency". A "wild child" who is rapidly creating new coins, mining at the speed of light and then reaping rewards through fraudulent methods of exchange trading. This means of trading is called a "Pump & Dump Scheme" and is a criminal offense on Wall Street that comes with fines, forfeiture, incarceration, parole and restitution. I know your yung minds are saying, "It's unregulated, we can do whatever we want!" But the reality is if crypto currency were regulated you would be considered a criminal. Understanding crypto is one thing, understanding securities law & regulation is another.
My point is obvious to a seasoned investor, but would be inconceivable to a yung crypto investor. NYS will be the first to basically take control of Bitcoin in the form of a license and adopted rules which I believe to be a hoax. They haven't a clue on what they are doing from the public eye and are cooperating wanting Bitcoin to work. I believe this to be true, but I also believe it to be a slight of hand on their behalf. Why? NYS regulation has nothing to do with CFTC, Federal, FINRA, or SEC regulation in the US. Ex: Medical Marijuana is legal in some US states, but not federally legalized in "any" US states, same premise will apply to Bitcoin. So now we have COIN? The brainchild of the Winklevoss stooges, a joke when they got robbed of Facebook and a still a joke today in my book. Money doesn't come with brains, these guys pay "so-called" trusted advisors, for me to take these guys serious would be a cardinal sin. They are giving Bitcoin away to it's natural born enemy, "the state" and selling it out commercially for their own personal financial agenda and objectives. Much like MC Hammer or Vanilla Ice were accused of. Hey, "Let's give this kitten to the pitbull's." I wonder what Satoshi Nakamoto is thinking? Remember Bitcoin was created for equality, not for the rich to get richer, while gaining MORE control. Why even support BTC? It will become another version of USD if we are not careful.
However, COIN which is an ETF created by the Winklevoss twins is a Bitcoin oriented Exchange Traded Fund based on the WinDex market price of Bitcoin which is Winklevoss created. I believe in the concept completely, but I believe COIN should have been launched on Coinbase as their "second" investment product which would have helped in the "self regulation" of Bitcoin, not the "joint regulation". Coinbase has enough capital and support to do this and the Winklevoss twins are in bed with them. Their sole reason for listing on NASDAQ is to gain mainstream "investor" exposure and trap real whales or bag holders they so "urgently seek" to profit tangibily on Bitcoin. The twins cannot possibly sell off their BTC, it would kill it! They need to "cross out" of their position at equal pricing (both buyeseller) to keep the price stabilized the old fashioned way, the Wall Street way. They need new blood, new money. The 2 stooges own a total of 1% of all Bitcoin's mined, so new capital will allow them to "gently liquidate" their valuable holdings and convert them to USD. They do not believe in Bitcoin, they believe in capitalism and this is their EXIT strategy. By their doing, Bitcoin will now be sanctioned by a whole "new" set of rules outside of NYS. These rules will be enforced by FINRA and the SEC if the COIN ETF gets a NASDAQ listing, it is mandatory or the Winklevoss ETF cannot list and that is a fact. My reasoning, You cannot get half pregnant!
Without boring you with all of the stock market rules and regulations, upon COIN's listing I would have to believe any NYS/US Bitcoin related exchange and/or investment vehicle will eventually fall under strict FINRA/SEC federal regulation. NYS regulation will act somewhat like the Investment Advisory Act Of 1940 to govern states individually. FINRA/SEC regulation will cover the markets in general like other investments. We might see CFTC regulation enforced if ever Bitcoin is reclassified as a commodity. So it is important to understand they are going to enforce similar regulation to Bitcoin as they did FOREX, gold, and other precious metals in which the physical side is still the wild west. They want to enforce the sale of Bitcoin, so they can weed out some who have made bad decisions in the past which is about 50% of adult crypto. Restricting people who have a criminal past or securities related charges is a standard position taking on Wall Street for investor protection purposes. While they appear to be protecting the public, their white shoe friends will take over Bitcoin and sell it through all the major wire houses generating commission checks and capital gain tax for everybody!!! I see Bitcoin's future, I really do. It's gonna work well, but we will lose our foot hold as a community, It will just become another form of Paypal.
So my rant on regulation is simple. When the IRS classified Bitcoin as an asset everything was "retroactive". Let's say they impose federal regulation and do the same thing? We are looking at many crimes committed in crypto currency and many people going to crypto prison. My main objective of this post is to educate our youth on the future laws to come. Pump & Dump is "no longer" an acceptable term in crypto currency, it cheapens this technological innovation that will change our financial landscape as we know it yesterday. When an investment trades higher in value on Wall Street it's called a "price increase", "surge in value" or something of that nature. Please understand Yung Astronauts you were taught wrong, choose your words wisely. Become the good children of crypto currency and make more money developing the alt coin side of Bitcoin, it is "our" only hope for a future with anonymity.
Talk at cha'
Gordan @GordanCrypto
submitted by GordanCrypto to Bitcoin [link] [comments]

[Table] IAmA: We are Cameron and Tyler Winklevoss, but you probably know us as the Winklevii. We are here to talk about Gemini (gemini.com), our new bitcoin exchange. AMA, or rather AUA!

Verified? (This bot cannot verify AMAs just yet)
Date: 2015-10-07
Link to submission (Has self-text)
Questions Answers
Do you have a relationship with Mark in any capacity today? What would you say to him if you could? What do you think of what Facebook has become? We don't have a relationship with Mark. The last time we saw and spoke with him was at the settlement in 2008, and before that was back at Harvard. We do have a relationship with Dustin Moskovitz, we saw him at Burning Man three years ago, and we've kept in touch with him. We've grabbed coffee with him in SF and also got a tour of the Asana offices (his start-up). We're pretty friendly with a lot of people around Mark, but we don't have a relationship as of this moment with him.
Hindsight's always 20/20, but it seemed like a lot of the things that happened were unnecessary. There was a way for everyone to be happy and kind of win, and it didn't have to be a zero sum situation. Hopefully we can all learn from that as we move forward and become better people and learn to find the path of least resistance.
It's certainly quite an amazing company. I don't think any of us had any idea of how big it could actually be. I think the scariest thing is that it's probably not done growing anytime soon. We're really proud of the part we played, which we think was certainly material to getting it going and I think Mark has certainly done an incredible job shepherding it and leading the company to what it is today. I think that I'm really impressed with what it is and what it most definitely will be.
Do you have any thoughts about the ugly contention that's been going on the last several months in the Bitcoin dev community over hardforking to relax the blocksize cap? We're definitely watching the block size debate, I don't have a super strong opinion, I think everyone agrees that the block size in some way or another should increase and will have to increase in order for Bitcoin to fulfill its promise. We're keeping a close watch, I think its really interesting how the community's is proposing things and it's working in a very democratic process and people are free to propose things and obviously it's a consensus-based system. I think we're seeing that at play and it'll be exciting and interesting to see it unfold. I think that Bitcoin will get through this, it's weathered a lot already and I think its here to stay. I think its just one more of those things we'll get through.
How has your relationship as brothers affected your business endeavors over the years? The fact that we're twins and best friends has been a huge asset. We've definitely always used it to our advantage. It's obviously not always easy getting along all the time, but we've managed to do it and we've made a great team. Both in sports during our rowing career and now financially working together in business. I think trusting your partners is something that's super important, and we have that built in because we're twins and if I do something wrong to him then it's pretty much like doing it to myself. So it's been a great asset and we've tried to make the best of it.
I'll piggy back on this Winklevii, how did/do you feel about the craziness that has been Dogecoin and other altcoins? I haven't personally looked that much into altcoins. I think that with a protocol like bitcoin there's a huge first mover advantage and a lot of network effects and bitcoin has a great head start in that regard in terms of the size of it's mining network and how much infrastructure it has going for itself. I think that the altcoins are very interesting. Some of the other blockchain efforts like Ripple and Ether are interesting, but we haven't spent a whole lot of time with them because we think there's a lot to be done still in bitcoin blockchain 1.0 if you will.
What are you doing (if anything) to push 'consumer' awareness of bitcoin and remove the 'scary technological hurdles and requirements' or the huge amount of assumed technical jargon / understanding that the average Joe needs to know in order to get involved with bitcoin and use it in their daily life? So first off we're here on Reddit, taking about bitcoin – we've learned about bitcoin and been in bitcoin for three years and I can tell you initially it's a lot to wrap your head around, but we've been working hard building Gemini and also we're working on our ETF that will trade under the ticker 'coin' – and so both should be friendly ways to get either bitcoin exposure or actually buy and sell bitcoin. We're trying to make very regulated, safe and secure environments for people to enter into the bitcoin ecosystem so that's what we've been putting our time towards.
What is in the immediate future for Bitcoin? I think that the immediate future for bitcoin (at least in the U.S.) is regulated businesses – licensed businesses, like Gemini. It's impossible to totally see the future but if you look back to the early days of the Internet, I feel like we're in the first or second inning of bitcoin so it's almost like 1993 or 1994 so there is tremendous potential and we think it's just the beginning.
What is the Gemini use case for the regular Joe trying to diversify his assets? Where Gemini comes into play is that we're New York-headquartered, U.S.-based, U.S. regulated and licensed platform to buy bitcoin. So if you make the decision to take the plunge and actually bitcoin for your portfolio and you think it's a good financial investment, then Gemini is a safe and secure home and platform to actually go and execute and buy bitcoin.
What's the latest on the ETF? Unfortunately the ETF regulatory process is a close process and we're not allowed to discuss the latest and greatest with it. We are working incredibly hard to make this happen as quickly as possible, and rest assured that nobody wants this to come to market quicker than myself and u/winky_pop.
When either twin owes for lunch do you use Bitcoin? So I don't usually buy my lunch with bitcoin because I'm worried that I'll be overpaying down the road so right now I'm holding my bitcoin.
Are you actually going to answer any questions? Hey Jim, I think so. Yeah, why not. Here's you're answer.
of all, great site design. It was super easy to sign up, and everything seemed to work well. The only. We're definitely looking at expanding the exchange offering but we want to stay super focused on first things first – and that was getting licensed in the state of New York and having a successful launch but suffice to say we are working hard to expand our airs of operation.
These are the things, in my opinion, that will make or break the exchange. There is a lot of demand for a.
Is gemini currently a spot market only exchange? What is the plan to bring initial liquidity to the exchange? Do you expect institutional investors to bring a large influx of new money into the bitcoin market? What other cryptocurrencies would you like to see traded on the exchange? Fully regulated and compliant US based exchange that can do everything, a one stop shop if you will. There is. Final question: What makes your exchange different than all the other ones, and why should we trade on it? (5) We have institutional market makers who are going to be providing liquidity on the exchange and we have a lot of demand from just retail and individuals and also other institutions who want to buy and sell bitcoin, so we think the combination of all the customers and also institutional market makers will make a lively and liquid market.
I always have Tyler by me lunch. That's not true.
Last updated: 2015-10-07 15:34 UTC | Next update: 2015-10-07 15:44 UTC
This post was generated by a robot! Send all complaints to epsy.
submitted by tabledresser to tabled [link] [comments]

Winklevoss Bitcoin ETF May Approve (2017/02/23) Winklevoss’ Bitcoin ETF Bid Shot Down by SEC Is Bitcoin Selling Out with Joe Weisenthal BITCOIN to $10,000 by End of 2019? Winklevoss Twins Free Bitcoin Giveaway - Ripple CEO Bank XRP Bitcoin ETF SEC & Winklevoss Twins BTC Price 8200 USD  LIVE Crypto Trader News 2018

Bitcoin BTC ETF is nothing but an Exchange Traded Fund whose underlying asset is Bitcoin. In Bitcoin BTC ETF 101, we discuss the implications of this ETF . The twins are wealthy. It has been estimated that they stand near to the inventor of Bitcoin, Satoshi Nakamoto works respect to the number of Bitcoins they own. According to estimates, the Bitcoin Exchange Guide is a hyperactive hybrid of heavy-handed cryptocurrency content curation creators from christened community contributors who focus on delivering today's bitcoin news, cryptoasset user guides and latest blockchain updates. Winklevoss Twins Think Wall Street Has “Been Asleep at the Wheel” Regarding Bitcoin (BTC) Gabriel Machado - August 23, 2019 0 The famous Winklevoss Twins, who founded the Gemini exchange, affirmed that retail investors are still getting more benefits from the Bitcoin market than the... Mining is the term for the creation of a Bitcoin. As mining has evolved, the cost and complexity of the processors required has increased. In their S-1 filing, the Winklevoss twins state that the share price for Bitcoins in their Bitcoin ETF will be a fifth of a Bitcoin’s value. Winklevoss Tyler and Cameron Winklevoss are known as the WInklevoss twins. They were born on August 21, 1981. They gained initial fame because of the lawsuit against Facebook founder and CEO Mark Zuckerberg. In April 2013, it was estimated that they owned nearly 1 percent of all the Bitcoin in existence.

[index] [12131] [16791] [31257] [15844] [21694] [26802] [11501] [9570] [10361] [27678]

Winklevoss Bitcoin ETF May Approve (2017/02/23)

The ETF that Winklevoss Trust soon launches will create bridge between conventional stock market and bitcoin. Exact same case applies to the SPDR gold ETF share that skyrocketed the gold price 400 ... Mar.10 -- Bloomberg’s Cory Johnson discusses the Securities and Exchange Commission’s rejection of a filing for a Bitcoin ETF by Cameron and Tyler Winklevoss. He speaks with Caroline Hyde on ... The Winklevoss twins first Exchange Traded Fund (ETF) application was rejected by the Securities and Exchange Commission (SEC) in March 2017. ... granted ETF fit with the ethos of Bitcoin ... Cameron and Tyler Winklevoss sit down with John Biggs to discuss Wall Street's attitude toward bitcoin, their new bitcoin exchange, and their bitcoin-based exchange traded fund. Subscribe to ... Bitcoin ETF SEC & Winklevoss Twins 👬 BTC Price 8200 USD LIVE Crypto Trader News 2018 ... Will The Bitcoin ETF Be Approved - Duration: 6:54. Nugget's News 6,371 views. 6:54.

Flag Counter