In The Wake Of CBOE Futures, Two Firms Filed Bitcoin ETF Applications
With the launch of CBOE's Bitcoin futures trading, two exchange-traded fund (ETF) providers have filed application to the US Securities Exchange Commission (SEC) to create Bitcoin ETF products that trade in digital currency derivatives.
SEC has revealed that they have received new applications for both 'REX Bitcoin Strategy ETF' & 'REX Short Bitcoin Strategy ETF, and 'VanEck Vbectors Bitcoin Stratefy ETF'.
REX submitted its application two days before CBOE's launch while VanEck had its application just this December 11, 2017.
These firms will not hold Bitcoins directly but rather will trade futures contracts and other derivatives products which will gain investors from price movements Bitcoin.
Some analysts say that with the wake of Bitcoin futures, SEC will begin approving ETFs that trade these products.
Lamassu ATM Adds Support To Bitcoin Cash
A famous Bitcoin ATM manufacturer, Lamassu has recently announced in their Twitter account that Bitcoin cash functionality is now available in their service.
Lamassu has already launched roughly 268 cryptocurrency ATM machines all over the world and users can now obtain Bitcoin Cash via its latest update.
Cryptocurrency ATM machines are currently spreading throughout the world and Bitcoin Cash has garnered support from a number companies inbcluding Bitcoinplug, General Bytes, and the recent Lamassu.
There are 1300 machines expected to be able to upgrade support to BCH transactions all over the world.
People In America Are Taking Out Mortgages To Invest To Bitcoin
Securities regulator Joseph Borg said that Americans are currently taking out mortgages to buy Bitcoin.
Along with equity loans and credit card accounts, people are betting it all on Bitcoin.
Since that "Reddit guy" who took out equity on his house to invest into Bitcoin when the price was at $3,000, many people were encouraged to buy Bitcoin because that guy's investment has paid off so far.
Headlines for the world of Cryptocurrencies - December 11, 2017CryptoKitties App Hits $12 Million In Sales / Bitcoin Markets Sharply Spiked After CBOE Futures Launch |
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Headlines for the world of Cryptocurrencies - December 10, 2017Hundreds of Thousands of South Koreans Are Rushing To Invest To Cryptocurrencies / Twins Cameron And Tyler Winklevoss Expects Bitcoin To Reach Trillions In Long Term |
Headlines for the world of Cryptocurrencies - December 09, 2017Real-Estate Merchants In China Are Dipping Into The Cryptocurrency Market / Craigslist Now Adds Cryptocurrency Payment Feature For Users |
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I was watching tv last night and i saw a commercial that talks about IBM using their Blockchain technology and blah blah blah. I believe commercials like this can raise awareness of the technology which will put attention onto the crypto market.
Right! Mainstream exposure will definitely increase awareness and adoption to blockchain and cyptocurrencies.
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To take out mortgage just to invest to crypto is absolutely irresponsible. In the eyes of those people crypto will be culprit when something bad happens.
Yes. I dont believe a lot of people are doing this because people relaize it is stupid, but some people definitely have. I thought of putting some of my loan money into cryptos because of the high % gains you see in a month. The interest on loans doesn’t compare to how high your gain is in crypto. This is why people find it attractive. People feel they can make more from crypto quick, and be able to pay the loans with some profit to themselves in the process. But it is stupid do this because we all know price can drop as quickly as it rose.
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