SEC Approves First Leveraged Bitcoin Futures ETF The BITX being a 2x leveraged ETF can help investors to increase their profit two times faster than they would do without the leverage.The BITX being a 2x leveraged ETF can help investors to increase their profit two times faster than they would do without the leverage.The addition of a Bitcoin equities exchange-traded fund product to the Euronext Amsterdam stock exchange is fantastic news for Dutch investors.A flood of spot Bitcoin ETF applications coming from the wealthiest asset managers of the world has fuelled investor optimism with BTC price gaining more than 20% in the last three days.The United States SEC has argued that almost all crypto assets are unregistered securities but experts see it differently for Bitcoin and Ethereum.
Valkyrie’s application for a spot Bitcoin ETF is another submission that will likely be rejected by the SEC based on its antecedents.The Bitcoin price rallied soon after the spot BTC ETF applications by WisdomTree and Invesco on Tuesday.Bitcoin extends its market dominance to 50% of the overall crypto market.There is a renewed hope that the US Securities and Exchange Commission (SEC) may finally approve a spot Bitcoin ETF.iShares, Bitwise, WisdomTree, and Invesco, have just submitted proposals for a Bitcoin ETF, signaling a significant advance in the crypto business.
Binance is working towards the full integration and implementation of the Bitcoin Lightning Network to ensure smooth customer experience for deposits and withdrawals.While announcing its hash rate expansion, Iris also said that its previous HPC data center strategy had become a parallel focus.
Bitcoin News Today Bitcoin (BTC) news covers all information on Bitcoin and other related cryptocurrencies.Bitcoin is a digital currency that was created in 2009 by anonymous founder Satoshi Nakamoto and has since gone on to lead the rise of other digital currencies like it, such as Ethereum (ETH) , Ripple (XRP) , Litecoin (LTC) , EOS , Binance Coin (BNB) , Monero (XMR) , Bitcoin Cash (BCH) and Tether (USDT) among others.
The cryptocurrency is decentralized and thus can be sent and transacted over its own peer to peer Blockchain network without a middleman verifying a transaction.Bitcoin Adoption Bitcoin (BTC) has grown in leaps over the decade and has had it’s worth multiply in hundreds and thousands since January 2009 when the first BTC block was mined.Bitcoin transactions are irreversible and pseudonymous amongst other properties.Confirmed transactions on the Bitcoin Blockchain network cannot be undone, which in its way also contributes to the strong security associated with BTC.Over time the awareness that bitcoins like most crypto currencies operate outside the control or regulation of any third parties such as banks, financial institutions, or the government triggered a wakeup call directed to the risks investors may be exposed to when involved in this venture.Venturing in Bitcoin Apart from being trustless, the crypto coin is also permissionless, which sets it apart from traditional fiat currencies and government issued money.The cryptocurrency exchange is also important in bitcoin transactions and the overall ecosystem.
You’ll need a cryptocurrency exchange to exchange fiat currencies or regular-coins for some BTC.Bitcoin Mining Bitcoin mining operations are done to issue new BTCs into the market, with the overall BTCs eligible for circulation set at 21 million.At present, Bitcoin now has more than 18 million coins in circulation and its next halving event , which would reduce its mining rewards by half for the third time, has been slated for May 2020.
At present, Bitcoin has a total market capitalization higher than $110 billion and has hit records higher than 300 billion in the past.The next few years might see Bitcoin eclipse its previous records..
