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Surprise Surprise As SEC Reject ANOTHER Bitcoin ETF

It’s Thursday, which means another deadline for a Bitcoin ETF application within the SEC has approached. In a shocking turn of events (I’m joking), the SEC has rejected the ETF, putting this one at the end of a long list of failed and lost ETF applications. According to CNBC: “Similar to its rejection of the Winklevoss ETF, the SEC expressed concern about fraud and manipulation of bitcoin markets. It said that NYSE Arca, which filed the ProShares application, had not met its requirement that a national securities exchange's rules be designed to prevent fraudulent and manipulative acts and practices. Among...

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The New Project Inspiring Normal People To Open A Bitcoin Wallet And Start Saving

Cryptocurrency adoption will be impossible if normal people don’t have access to Bitcoin wallets and other crypto storage devices. Unlike FIAT, cryptocurrency can’t just be stored loose in a pocket or in your shoe. A new project however, by the name of Lolli is inspiring the general public to open a Bitcoin wallet, in order to start saving money, via their crypto cashback system, one that awards users for making online purchases, be repaying them in Bitcoin. It’s similar to the many online cashback services that we see today, but, it’s been designed to attract the lay user and to...

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What Must Institutions Do Before They Can Accept Bitcoin

Now we know what Bitcoin needs to do before it can become more widely adopted by institutions, but we must also consider what these institutions need to do too. What must Bitcoin do? Well it’s simple, Bitcoin needs to find balance, a steady price and see consistent regulation (adoption). Institutions will need to make changes too. Aside from the obvious ones - adoption of Bitcoin wallets, access to Bitcoin technologies, computers, ATMs etc, they also need to be able to deal with the cultural aspects of Bitcoin, in terms of investment and of course, potential volatility. Volatility will always be...

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BitMEX Downtime See’s BTC Rise 4%, But This Is Bad News For Bitcoin ETFs

This morning, Bitcoin is finally on a path back up to $7,000.00. No, this is not the start of a major bull run but it is a sign that some tinkering may have been going on during the recent BitMEX upgrade, which saw a number of users use access to the platform during planned downtime. Whilst this is hardly significant, the fact Bitcoin surged at this time is. At the time of writing, Bitcoin is valued at $6,688.79, up 3.64%. Bitcoin is edging ever closer to $7,000.00, with a dominance of over 53%, it’s doing quite a good job of...

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Here’s Why One Of The World’s Most Successful Investors Won’t Touch Bitcoin

We have to look at the success of traditional investors with the respect that many of them deserve. Some people have built a life on wise placed investments and therefore, when they speak, we should heed their warnings. The likes of Warren Buffett, one of the most prolific investors of all time may seem a little old school now in his views surrounding Bitcoin, but he’s always worth listening to, since he is considered to be one of the best in the field. A lot of his scepticism does step from an unwillingness to embrace the new, with crypto still...

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