‘Illusionary’ Customer Protections: NY Attorney General Dampens Bitcoin ETF Hopes

cboe bitcoin etf

Following a recent report of New York State’s Attorney General, an economist believes that the document confirms “zero” chances of a Bitcoin ETF approval in 2018. ‘Odds of Bitcoin ETF Approval in 2018 = 0’ A new report of the New York States Office of the Attorney General (OAG) Barbara D. Underwood, outlined the issues which existing cryptocurrency exchanges face compared to traditional venues. According to the document, digital currency exchanges are up against serious problems

The post ‘Illusionary’ Customer Protections: NY Attorney General Dampens Bitcoin ETF Hopes appeared first on Bitcoinist.com.

Continue Reading

3 Steps Bakkt Will Take to Become a ‘Regulated Institution,’ According to CEO

Bakkt

The CEO of Bakkt shed some light on the steps it will take to differentiate itself on the market and become a regulated financial institution. Physically Delivered Bitcoin Via Regulated Infrastructure In a blog post of September 18, Kelly Loeffler, CEO at Bakkt, revealed the project’s intended steps to address the “unique requirements of regulated institutions, their clients and stakeholders.” According to the chief executive, Bakkt takes advantage of the time-tested, existing, and entirely regulated infrastructure

The post 3 Steps Bakkt Will Take to Become a ‘Regulated Institution,’ According to CEO appeared first on Bitcoinist.com.

Continue Reading

Robinhood is Making Millions Selling Users’ Data to Financial Companies

No Such Thing as a Free Lunch: Robinhood User Info Sold

The low-cost Robinhood investing app popular with millennials makes up for the lost profits of commission-free trades by selling users’ data to other financial companies. What’s the Logic of Robbing Peter to Pay Paul? A Second Quarter SEC filing shows that Robinhood Financial (Robinhood) is actually making millions of dollars from selling users’ data to high-frequency trading (HFT) firms. Recall, this is the same company that espouses values of ethical trading practices that benefit the

The post Robinhood is Making Millions Selling Users’ Data to Financial Companies appeared first on Bitcoinist.com.

Continue Reading

The Unflippening: Bitcoin’s Resurgent Dominance Showing Who’s King

cryptocurrency

The volatile nature of the cryptocurrency market needs no introduction after its staggering gains in 2017 and subsequent losses of 2018. Looking at the market as a whole, however, gives us a bigger picture of who were the biggest losers and which coins were the best at storing value. Total Market Cap Still 11 Times Bigger Than in 2017 The total cryptocurrency market capitalization hit highs of a staggering $830bn in the week commencing January 7,

The post The Unflippening: Bitcoin’s Resurgent Dominance Showing Who’s King appeared first on Bitcoinist.com.

Continue Reading

Winklevoss’ Gemini Dollar a ‘Solid’ Bridge That ‘Will Span Decades,’ Says Charlie Shrem

Charlie Shrem Talks Bitcoin, Hodling, and the Future of Cryptocurrency

Shortly after New York regulators gave the green light to Cameron and Tyler Winklevoss’ stable coin, Charlie Shrem shares his two cents on the matter. He thinks the cryptocurrency represents the “Golden Gate Bridge” in the field. A ‘Solid Stable Coin’ As Bitcoinist reported September 10, the investment bank State Street will back the Gemini Dollar – a token pegged to the US dollar 1:1. It’s the first cryptocurrency from early Bitcoin investors, Cameron and Tyler

The post Winklevoss’ Gemini Dollar a ‘Solid’ Bridge That ‘Will Span Decades,’ Says Charlie Shrem appeared first on Bitcoinist.com.

Continue Reading

Coinbase Aims to Obtain Banking Licenses

Coinbase, the largest U.S. Bitcoin exchange, has initiated exploratory conversations with financial regulators regarding banking licenses. Coinbase and Ivy Koin Meet with U.S. Regulators About Banking Licenses Coinbase is now intent on learning how to obtain banking licenses. The Wall Street Journal reports that, according to undisclosed sources, the exchange held conversations with officials from the U.S Office of the Controller of the Currency in early 2018. According to the report: Coinbase Inc. and another cryptocurrency

The post Coinbase Aims to Obtain Banking Licenses appeared first on Bitcoinist.com.

Continue Reading

Nocoiner Financial Advisers Are Failing Their Clients

With institutional investment being something of a major theme in the blockchain space these days, financial advisors better start studying up on cryptocurrencies and their underlying technology – and fast – lest they risk losing their clients.  ‘It’s Really Here to Stay’ JP Morgan chairman Jamie Dimon once called Bitcoin a “fraud,” and Vanguard CEO Tim Buckley once told CNBC, “You will never see a fund from Vanguard on bitcoin.” Their loss. Despite a slew of negativity

The post Nocoiner Financial Advisers Are Failing Their Clients appeared first on Bitcoinist.com.

Continue Reading

Ledger Partners with Nomura and Global Advisors to ‘Pave the Way for Secure and Compliant Institutional Investment’

Helping institutional investors enter the cryptocurrency space has been the overriding theme of this year’s Consensus conference in New York City — and one such notable announcement is the partnership between Nomura, Ledger, and Global Advisors, who plan on building a secure digital asset custody solution.  Welcome, Institutions In an effort to provide infrastructure and an operational framework to the overarching investment management industry, Nomura, Ledger, and Global Advisors are partnering to create Komainu — a

The post Ledger Partners with Nomura and Global Advisors to ‘Pave the Way for Secure and Compliant Institutional Investment’ appeared first on Bitcoinist.com.

Continue Reading

LedgerX Introduces CFTC Licensed Bitcoin Savings Accounts

LedgerX has introduced a Bitcoin savings product licensed by the CFTC. The Bitcoin asset management platform has designed this new product to cater to long-term hodlers. The LedgerX Bitcoin ‘Call Overwrite’ Launched on May 15th, the LedgerX Bitcoin savings account enables investors to earn a fiat-based yield on their Bitcoin holdings. Instead of hodling in the hope of a significant price increase, savers can now earn revenue from a call overwrite. Usually, overwrite contracts are for

The post LedgerX Introduces CFTC Licensed Bitcoin Savings Accounts appeared first on Bitcoinist.com.

Continue Reading