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Tag: Review

DIGITAL ARMS – NFT TRADING PLATFORM

Hi guys back again with me. Today I want to review a big project in the future. let me introduce a project called...

Hodlnaut vs. Nexo: Complete Crypto Interest Account Comparison

Hodlnaut vs. Nexo weighs the pros and cons between an established crypto interest account giant and an upstart product gaining rapid market traction. Hodlnaut...

Grayscale Investments is Preparing to File an Application for a Spot Bitcoin ETF

Grayscale spot Bitcoin ETF

According to a person familiar with the situation, Grayscale Investments intends to apply to convert the world’s largest Bitcoin fund into a spot ETF early next week. Grayscale Investments to Apply for a Spot Bitcoin ETF According to the individual, the investment company planned to file its application with the Securities and Exchange Committee (SEC) as soon as the government-approved competitor attempts for a future-based Bitcoin ETF. That occurred late on Friday.  The Grayscale application will begin a 75-day review process because the New York-based firm has not announced its plans. Grayscale’s ETF, if authorized, would be another step toward legitimizing the new crypto asset class.  Despite setbacks like being outlawed by China last month, Bitcoin has proven robust, nearing all-time highs of over $60,000 on Friday. While the upcoming Bitcoin-futures ETF is noteworthy, some crypto investors believe it is an insufficient move because it will be tied to derivatives contracts traded on the Chicago Mercantile Exchange rather than genuine Bitcoin. Grayscale’s weak point The Bitcoin application, on the other hand, offers an investment backed by Bitcoins rather than derivatives linked to it. GBTC Assets Under Management Were $38.7 Billion Grayscale holds a significant portion of the world’s Bitcoin assets for its trusts, which is denoted by the symbol of GBTC.  As of Friday, GBTC managed $38.7 billion in assets.  The firm, which pioneered crypto investing by allowing institutional investors such as Ark Invest’s Cathie Wood to bet on Bitcoin, first officially applied for an ETF in January 2017.  The application was withdrawn in October of that year when the SEC stated that it was not yet satisfied with the Bitcoin market. Grayscale’s actions might be an attempt to compel the SEC to take action.  According to the source, if authorities are okay with Bitcoin futures, they should also be comfortable with the underlying market. Of course, the SEC has the option of delaying or rejecting the Grayscale application. Grayscale’s CEO openly chastised the SEC’s apparent preference for futures-based ETFs last month, calling it a “shortsighted” decision that might hurt investors.

The post Grayscale Investments is Preparing to File an Application for a Spot Bitcoin ETF appeared first on Cryptoknowmics-Crypto News and Media Platform.

This Week on Crypto Twitter: Steam Bans NFTs, Axie Upsets Fans and Tungsten Cubes Go Viral

Blockchain gaming and NFTs took center stage on crypto Twitter this week.

Bitcoin ETF Forced to Fiat Futures Only

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The ProShares Bitcoin Strategy ETF of ProShares Trust planned to invest in “Canadian Exchange Traded Funds and Other Pooled Investment Vehicles” while primarily focusing on CME fiat bitcoin futures, but...

FinCEN charts massive surge in ransomware activity reports in H1 2021

2021 is proving to be a bumper year for ransomware, but may also be witnessing an improvement in reporting practices.

The post FinCEN charts massive surge in ransomware activity reports in H1 2021 appeared first on The Block.

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Exodus Wallet Review: Everything You Need to Know

The Exodus wallet is a multicurrency cryptocurrency wallet that has generated a great deal of buzz since its launch back in 2016. It is a well-designed wallet that is aesthetically pleasing and packed with numerous features such as an option that allows users to stake assets directly within the wallet to earn passive income, and […]

The post Exodus Wallet Review: Everything You Need to Know appeared first on Coin Bureau.

How Audits can Help Preempt Rug Pull

Table of Contents Decentralized Finance, aka DeFi, can give some great returns. However, there is a possibility of disastrous situations where investors could end...

2020 Year in Review

Blockchain Capital is excited to share our Year in Review 2020 report, which covers the global macro environment, bitcoin, DeFi, regulation and more....

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