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Bitcoin ETF: What we know so far

Bitcoin Investment Trust (GBTC), described as “the first publicly quoted securities solely invested in and deriving value from the price of bitcoin” is an investment vehicle that enables investors in the public eye to buy Bitcoin in a regulated and protected environment. GBTC is the closest investment vehicle you will get to an exchange-traded fund (ETF). this is because it allows investors and traders in Bitcoin without having to fret about where to store it and keep if safe from fraudulent individuals who would much rather have your assets. Being traded on OTC markets, one share of GBTC represents just...

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Tether Attorney Confirms not 100% of USDT is Backed by Fiat

The biggest stablecoin is the world, Tether has been under fire from critics recently following the Bitfinex scandal which revealed that the exchange lost $850 million and masked the whole sum with Tether. Less than a week after this news broke, Tether is yet again at the centre at another bout of controversy after it was revealed that only 74 percent of its overall circulating supply is backed by fiat. Yesterday - 30th April - Tether’s general counsel Stuart Hoegner wrote in his affidavit that the firm only holds 2.1 billion in cash and cash equivalents. Meanwhile, though, the data...

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Bitcoin (BTC) Is Running Out Of Steam To Test $5,800-$6,000 Resistance Zone

Bitcoin (BTC) is crawling towards the $5,800-$6,000 mark but it running out of steam to retest that zone because the price is massively overbought and no professional traders or investors would want to touch it around these levels. Even those bullish on BTC/USD thinking the bottom is in realize that the price is due for a major retracement and we could see it anytime now. It is important to note that the price is trading at a $300 premium on Bitfinex which means we could see the price hit the $5,800-$6,000 zone a lot sooner than on other exchanges and...

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Real-Time Reference Rate for XRP Introduced by Nasdaq

As of today, (1st May), Nasdaq will start sending real-time XRP on its Global Index Data Service. The new index, dubbed XRP Liquid Index, according to Nasdaq is "designed to provide a real-time spot or reference rate for the price of 1 XRP, quoted in USD, and based on the most liquid ends of their markets." The index was developed by the New-Zealand-based Brave New Coin and in a blog post they have said, "will allow users to track the price of the XRP token... with far greater transparency than before." They go on to say why they created the...

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TRON Fights on with 400 dApps in the Headlights

The TRON Foundation keeps pushing forward with new partnerships and developments to make them one of the best crypto projects around. Decentralised applications (dApps) are where TRON seem to thrive and according to the Dapp Review website, the amount of dApps on TRON is now almost at 400. Dapp Review tracks blockchain apps on several platforms. Currently, it records 397 dApps that created on TRON. The TRON Foundation has managed to reach this milestone in less than 200 days. The whole process began in autumn of last year when the TRON Virtual Machine kicked off. In the dApp field, TRON...

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