Monthly Archives: September 2020

Cryptocurrency ETF by Nasdaq and Hashdex Approved to List on Bermuda Stock Exchange

A cryptocurrency exchange-traded fund (ETF) by Nasdaq and Brazilian fund manager Hashdex has reportedly been approved to trade on the Bermuda Stock Exchange. Hashdex says the new cryptocurrency investment product tracks the Nasdaq Crypto Index. Hashdex Says ETF Will Track Nasdaq Crypto Index Brazilian fund manager Hashdex confirmed to news.Bitcoin.com on Tuesday that the company is launching a cryptocurrency ETF, co-developed with Nasdaq. A Hashdex spokesperson said that the ETF has been approved by the Bermuda Stock Exchange (BSX), elaborating: The ETF will be available for public […]

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FinCEN Files Remind Us That Bitcoin Is Still Not For Money Laundering

This article originally appeared in our Down The Rabbit Hole newsletter. If you want our news and analysis straight to your inbox, make sure you subscribe now! This week, a released cache of thousands of reports from major banks showed that these institutions ignored their own concerns and willingly moved trillions of dollars around the world on behalf of suspected terrorists, criminals and corrupt governments. Known as the “FinCEN Files” because the banks’ reports were filed with the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN), this cache […]

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Recap of Cointelegraph panel: Brokers and banks in crypto

Cointelegraph recently hosted a YouTube panel discussing brokers and banks involved in the crypto industry, based on a report from CV VC and PwC. This past summer, a Switzerland-based blockchain investment company called CV VC, and a Swiss audit and advisory firm known as PwC, in collaboration with Cointelegraph, put together an in-depth report on the top blockchain companies and what they are up to in their distinct sectors. The report lists eight separate categories. Cointelegraph hosted a previous panel on Sept. 9 discussing blockchain’s impact on […]

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Crypto mining activities are now regulated by the Venezuelan gov

But there is always a catch when it comes to Maduro’s government. Venezuela’s National Superintendency of Crypto Assets and Related Activities, or SUNACRIP, has issued the first decree to officially regulate all crypto mining activities. In order to qualify, miners will need to meet specific requirements. An official announcement was first published in the Gaceta Oficial and signed by the head of the SUNACRIP, Joselit Ramirez. It stated that residents in Venezuela who are interested in mining Bitcoin (BTC) and other cryptocurrencies must request a license and […]

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Price analysis 9/23: BTC, ETH, XRP, BCH, DOT, BNB, CRO, LTC, LINK, BSV

Bitcoin and altcoins are at risk of a deeper correction if they do not rise above their immediate resistance levels soon. According to survey data from crypto asset insurance firm, Evertas, institutional investors believe that clearer regulations and better infrastructure in terms of trading, reporting, and custodial services will increase their participation in the crypto market. About a quarter of the respondents expect that pension funds, sovereign wealth funds, insurance companies, and family offices will also become more involved with digital assets. The survey also found that […]

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Colombian gov’t invites companies to trial its crypto transaction framework

Colombia takes another important step towards regulating the nation’s crypto sphere. The government of Colombia has approved on September 22 a pilot program that calls companies to test crypto transactions until December 31 within the regulatory sandbox just passed by the country’s financial watchdog. During a panel titled “Overview of the Regulation of Crypto Assets in Colombia,” Jorge Castaño, head of Colombia’s Financial Superintendence (SFC), revealed that companies wishing to trial crypto transactions should apply by the end of the year, as the pilot will run in […]

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Blockchain tech is helping to reduce the impact of deforestation in Brazil

The move is intended to prevent “laundering” cattle from sanctioned farms. Major meat processing company JBS S.A., has repeatedly come under fire for allegedly contributing to the illegal deforestation of the Amazon rainforest. They are now using blockchain technology to create a unique solution to the problem. According to a Sept. 23 report from Reuters, JBS said it plans to launch a blockchain-based traceability system for its meat supply chain to ensure it does not buy livestock from farms that are known to have illegally felled trees. […]

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Could holding 0.28 BTC could put you in the 1% wealth bracket?

The numbers line up, but do the facts? A large portion of Bitcoin’s (BTC) value lies within its limited 21 million coin supply, which means ownership of a small portion could lead to significant wealth — if mass global adoption occurs.  “There is only 0.0027 BTC for the current 7 billion people,” trader, Bitcoin evangelist, and Twitter personality Davincij15 said in a Sept. 22 tweet, noting the worlds total population in relation to Bitcoin’s total supply. Davincij15 is known for his early Bitcoin commentary, which harkens back to the […]

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Bloomberg suggests that Bitcoin should be $15,000 according to this adoption metric

Their belief seems to be that Bitcoin is destined to appreciate unless these key indicators reverse themselves. According to the Bloomberg crypto newsletter, a key on-chain indicator suggests that Bitcoin (BTC) is currently greatly undervalued.  Bitcoin active addresses, the 30-day average. Source: Glassnode. Bloomberg’s crypto analyst Mike McGlone believes that the recent all-time highs in Bitcoin’s hashrate and more importantly, the 30-day average of active Bitcoin addresses, suggests a $15,000 price level for the asset: “The Bitcoin hash rate continues to increase and recently reached new highs. […]

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Billionaire Paul Tudor Jones Would Buy More Bitcoin If He Really Understands It, Says Microstrategy CEO

Prominent hedge fund manager Paul Tudor Jones’ understanding of bitcoin has come into question since he only invested about 1% of his assets in the cryptocurrency. According to the CEO of Microstrategy, the Nasdaq-listed company that recently invested almost half a billion dollars in bitcoin, Jones would have invested much more if he had really understood bitcoin. Paul Tudor Jones Would’ve Invested More in Bitcoin In an interview with Stephan Livera, published Monday, Microstrategy CEO Michael Saylor shared his thoughts on how his billion-dollar company adopted bitcoin […]

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