Connect with us
[crypto-donation-box]

Blockchain

CoinShares Launching Bitcoin ETP on SIX Swiss Exchange

The new Bitcoin exchange-traded products will start with $200 million in assets under management.

Republished by Plato

Published

on

CoinShares, an investment firm specializing in digital assets, is launching a Bitcoin exchange-traded product (ETP) on the SIX Swiss Exchange, according to reporting today from Bloomberg.

Koimanu, an institutional custody firm, will be the custodian of the ETP, which costs investors 0.98% of their holdings in fees. (But they don’t have to worry about holding cryptocurrency themselves.)

A Bitcoin ETP is a security that tracks the value of the cryptocurrency. They’re similar to stocks in that they trade on traditional exchanges—which have opening and closing bells—rather than on crypto exchanges, which function 24/7. Exchange-traded funds are one type of ETP.

CoinShares already has a separate group of ETPs via a subsidiary, XBT Provider. XBT Provider’s Ether Tracker One and Bitcoin Tracker One are listed on the Nasdaq Stockholm exchange. XBT Provider reported $2.9 billion of assets under management as of January 4, 2021.

The Swiss-based ETP will start off with $200 million in assets under management, according to CoinShares Chief Strategy Officer Meltem Demirors.

The hope is that figure will grow as the price of Bitcoin rises. The price of BTC, the original cryptocurrency, is up 13% in the last week and has doubled in the last two months; it now rests above $36,000.

Blockchain

MasterCard Poll: 40% of Surveyed Will Use Cryptocurrencies Within the Next 12 Months

Republished by Plato

Published

on

The COVID-19 pandemic changed people’s beliefs and approach to finances as they are more openly embracing digital options, including cryptocurrency payments. A MasterCard survey showed these results as 4 out of 10 people said they plan to use digital assets in the next year.

40% of People to Use Crypto?

It’s safe to say that the COVID-19 pandemic changed everyday lives. Apart from affecting people’s health severely, the coronavirus challenged their perspectives on finances. Digitalization became the most talked-about topic as people started to steer clear from physical engagements.

The global payment systems were not exempt, and a recent survey with over 15,000 people conducted by MasterCard highlights this. The US multinational financial services giant wrote that “consumers shifted their spending habits to embrace contactless tap-and-go payments and online shopping.”

Furthermore, the results indicated that 93% will consider using at least one emerging payment method, such as cryptocurrencies, biometrics, contactless, or QR code. Of those, 40% said they will choose digital assets.
Somewhat expectedly, the younger generations were most opened to virtual assets.

“Millennials globally and those in the Middle East and Africa are especially engaged in the cryptocurrency conversation, with more than half (67%) agreeing they are more open to using cryptocurrency than they were a year ago.

In addition, 77% of millennials are interested in learning more about cryptocurrency, while 75% agree they would use cryptocurrency if they understood it better.”

Although MasterCard’s research said BTC is the most popular and understood asset, it claimed that users are getting more familiar with some of the altcoins as well.


ADVERTISEMENT

MasterCard’s Crypto Endeavors

Perhaps to respond to customers’ demands, the New York-based giant has announced several cryptocurrency-related initiatives since the start of the year. CryptoPotato reported in February the firm’s plans to enable support for a select number of digital assets later in 2021, which actually followed a similar decision made by Visa a few weeks earlier.

Thus, millions of merchants employing MasterCard’s services will receive direct exposure to cryptocurrencies. Shortly after, the company partnered with the US crypto exchange Gemini.

As a result, the Winklevoss-run firm will introduce a credit card offering up to 3% cashback in bitcoin. The initiative saw substantial interest as over 140,000 users were on the waiting list after the announcement.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/mastercard-poll-40-of-surveyed-will-use-cryptocurrencies-within-the-next-12-months/

Continue Reading

Blockchain

AAX Announced AAB Buy Back From Secondary Markets

Republished by Plato

Published

on

[PRESS RELEASE – Please Read Disclaimer]

Despite recent uptake, AAB is still deemed undervalued. As such, the AAX team has decided to conduct AAB buybacks from the secondary market and will do so in phases with an expected buyback size of 30% of AAB in circulation. At the same time, AAB will be listed on UniSwap! The listing will be paired with USDT.

Immediately following the announcement at 6 pm, 7 May, the price of AAB shot up by 30%, breaking through 0.8 USDT.

Following the continuous development of the AAX platform, the AAB ecosystem has also been gradually improved and enriched. In addition to enjoying a 20% discount on transaction fees when settled with AAB, AAB holders also enjoy many benefits such as buying tokens with a 50% discount, receiving random airdrops, and as a trading volume booster in trading competitions.

At the same time, AAB holders also enjoy preferential withdrawal fees and a higher percentage of referral commission rebates. Such utility will be further expanded as AAX grows.

AAX has achieved explosive business growth in the year 2021. Local currency deposits reached a daily average of $10 million in April and are expected to grow by more than 30% each month in the future. AAX has been well-recognized and favored by users and the market.

As AAX has improved, user numbers have increased and the scale of the business has exploded in many countries and regions. The number of accounts opened by VIP clients and institutional investors has nearly tripled. In addition, AAX has recently launched an “existing user activation program”, inviting inactive users to return to AAX and experience the platform’s upgraded products and services. As of now, monthly active users on AAX platform have increased 20 times compared to January 2021.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/aax-announced-aab-buy-back-from-secondary-markets/

Continue Reading

Blockchain

Polars DeFi announces Beta Release Testing Program

Republished by Plato

Published

on

[PRESS RELEASE – Please Read Disclaimer]

The decentralized platform Polars, which seeks to solve the liquidity issue in the prediction market, has recently announced beta testing of the protocol on the Ethereum rinkeby testnet. Since the announcement over 27,5k users have signed up to participate.

Community feedback will help the Polars team to build a better platform that users can trust and rely on. Beta testing will include interaction with the base pool, the secondary pool (Liquid Pool), trading pool, farming contract, incentive contract, and event betting system. Overall, it will allow detecting all the bugs and defects in the protocol, subsequently getting them fixed by the developers. Participants, on the other hand, will be able to get acquainted with the platform and existing features.

To make the process more efficient and smooth, beta testing was broken into several sequential stages, which users are encouraged to complete step by step. All the testers will be granted access to the pre-sale of POL management tokens and will be eligible for airdrop in POL governance tokens after listing on Uniswap and launching the mainnet. Besides that, users who end up with the most test funds within a week will receive real allocations of POL governance tokens!

At the end of May Polars plans to conduct Phase 1 of the public sale, after which the platform will be launched in the BSC mainnet. Currently, the Polars team is negotiating the final conditions and timing of the token sale with several IDO platforms.

Finally, in the middle of April Polars team has announced a strategic partnership with Zokyo’s highly professional team who will perform Polars smart contract audit. According to the latest update, the audit is already in the final stage.

To learn more about Polars and its beta testing program please visit their website or follow them on Twitter and Telegram.

About Polars

Polars is the new DeFi platform that seeks to solve the long-term liquidity problem in the Prediction market. Within the POLARS platform, users can buy, sell and exchange polar tokens, as well as participate in the distribution of the platform’s commission income. The first polar token pair available for trading on the POLARS platform is the BLACK and WHITE polar tokens.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/polars-defi-announces-beta-release-testing-program/

Continue Reading
Blockchain4 days ago

Major Law Firm CMS Adds Stratis (STRAX) to its Legal Accelerator Program

Blockchain5 days ago

eBay could add a crypto payment option, says CEO

Blockchain5 days ago

Starcoll To Issue Limited Edition Star Wars Collectibles as NFTs

Blockchain4 days ago

Pro traders buy the Bitcoin price dip while retail investors chase altcoins

Blockchain5 days ago

Singapore’s largest bank posts tenfold crypto volume growth in Q1 2021

Blockchain5 days ago

‘This ain’t no game’ as DOGE briefly flippens Nintendo and takes #4 spot from XRP

Blockchain4 days ago

China’s Central Bank to Partner With Alibaba’s Ant Group on Digital Yuan

Blockchain5 days ago

S&P launches cryptocurrency indexes, debuting with Bitcoin and Ether

Blockchain4 days ago

WallStreetBets launches blockchain-powered app to decentralize indices

Blockchain4 days ago

Bybit Launches Ether (ETH) Cloud Mining Service as Demand Booms

Blockchain4 days ago

Bitcoin Miners Moving Away from China, F2Pool Observes

Blockchain4 days ago

Bitcoin and Ethereum Indices Debut on S&P Dow Jones

Blockchain4 days ago

40% intend to use crypto for payments in the next year: Mastercard survey

Blockchain4 days ago

Here Is Why XRP Volume Has Recover Across Payment Corridors

Blockchain5 days ago

eBay is Considering Adding Crypto Payments & NFT Sales

Blockchain4 days ago

Another XRP lawsuit update: SEC accuses XRP Holders of ‘reciting’ Ripple’s litigation position

Blockchain5 days ago

Bank of England Used as Bitcoin Advertising Board Stoking Inflationary Fears

Blockchain4 days ago

‘DeFi may lead to a paradigm shift’ says Federal Reserve Bank paper

Blockchain5 days ago

The Reason for Ethereum’s Recent Rally to ATH According to Changpeng Zhao

Blockchain5 days ago

Bybit to Launch Cloud Mining to Democratize Ethereum Mining

Trending