Category: Bitcoin News

Now that the blockchain technology has become omnipresent that most of the nations have started recognizing the values of new technology, there are several countries that are racing to be the world’s capital of cryptocurrency led technologies. Malta, Gibraltar, Bermuda are the ones that have started competing with France to attract cryptocurrency led companies to organize their headquarters in their respective capitals.

The major tax havens nations that are considered to be paradise for investments like, Liechtenstein, Bermuda, Malta, Gibraltar are viciously strategizing to attract entrepreneurs and investors that are inclined to crypto led investments in such countries. These nations have started to pass and ease the legislation that makes their environments more investor-friendly with fewer complexities involved as per the valid source from The New York Times.

Malta which is one of the investor friendly nations has already got the three laws passed through its respective government just last month on 4^th July that companies can easily issue new cryptocurrencies and trade existing ones that they have. Bermuda is amongst the one that has its legislature passed and approved the law which allows start-ups to organize initial coin offering (ICO) so speedy. Bermuda is forwarding its initiative that facilitates the growth of its fintech industry. As per the valid source, the Digital Asset Business Act 2018 in Bermuda, it enacted through the House of Assembly that aims to set up a framework that helps regulate persons carrying transactions on digital asset business as well as protecting the interest of clients that carrying and transacting through digital asset business.

Liechtenstein is also the one that has forwarded a few steps in this space. The banks there in the country can facilitate crypto transactions on behalf of their clients and offers advice pertaining to the crypto related matter and mostly Initial Coin Offerings (ICOs). Accordingly, the founder of Ethereum, Yanislav Malahov concludes his remarks about the laws over there in Liechtenstein that streamline the process of setting up crypto company (even without a bank account through using Bitcoin and Ethereum)  and help execute ICO process faster.

The other country like Gibraltar in the month of January this year, passed legislation that facilitates fintech innovation, especially on the Distributed Ledger Technology Regulatory Framework with the aim that protects customers of crypto space in British overseas territory. Let us not forget that in the recent soccer match, Gibraltar’s soccer teams Gibraltar United announced that it would execute its payment to its players with cryptocurrency.  And not only Gibraltar, but overseas territories, as well as European princedoms, would like to incubate and organize to lead the crypto industry where Switzerland and France want to become the hubs for the crypto industry. Accordingly Bruno Le Maire, the French Finance Minister they want to make France the epicenter for blockchain technology and cryptocurrency.

The central European country Switzerland has streamlined its taxes and related laws and regulations already and that has started gaining the attraction of Bitcoin and Cryptocurrencies led community. Needless to say that Ethereum is incorporated in the Swiss city of Zug which was earlier known as the Crypto Valley which has been accepting Bitcoin as payments for a variety of transactions.

According to Malta’s Prime Minister, many nations and geographies have created their places such that  enticing the crypto community. With this, Malta’s main aim to be the global pathfinder towards the laws and regulations that influence world-class fintech companies to be there for a longer period of time.

 

The Blockchain industry has enticed everyone ranging from investors to corporate to advisers that advice the completely new concept has existed that adds value. However, as per the valid source of the USA’s renowned Index – Wells Fargo Gallup Investor and Retirement Optimism only 2 percent of Americans own Bitcoin. The poll is conducted on US adults that have exposure of at least $10,000 and above investment in their portfolio in a variety of investment class ranging from stocks, bonds, mutual funds, etc.  As compared to adult investors, the young investors are more inclined to add crypto major Bitcoin in their portfolio as mainstream. The survey – Investor and Retirement Optimism Index was organized by Gallup Investor poll in the month of May 2018 were approximately 1921 American investors took part. The Bitcoin has been proved to be the leading form of digital cryptocurrency that has seen many ups and downs ranging from price crash, soar, rise in the past year, however, eventually it has created the forward movement for the US investors.

As per the Wells Fargo/Gallup Poll, the excerpts from the report as follows:

“Just 2% of investors say they currently own Bitcoin, and less than 1% plan to buy it in the near future. While most investors say they have no interest in ever buying Bitcoin, about one in four (26%) say they are intrigued by it but won’t be buying it anytime soon”.

Based on the analytics of the report, 75 percent of investors refer to cryptocurrencies as a risky one, on the contrary, 23 percent investors found the cryptocurrencies as somewhat risky, whereas 2 percent amongst all the investors said that the investment in cryptocurrency is not too risky. Only 0.5 percent of investors have stated their interest in investment in cryptocurrencies is not risky at all. When it comes to investment in digital currency like cryptocurrencies, the most US investors prefer the cryptocurrencies as security over growth while playing the safest investment with them.

If we focus more on research report conducted by Wells Fargo, three out of ten investors know about blockchain industry and cryptocurrency, whereas 67 percent are still to learn about the concept. At last 5 percent are all those people that have not heard anything about cryptocurrencies.

Now that the Cryptocurrencies has started gaining the attraction of investors from all over the world, the best part of the scenario is how it plays a vital role in investors’ portfolio planning process in the US and rest of the countries going forward!!

 

 

Bitcoin Exchange Traded Fund (BETF) has finally begun its journey. As a publicly-traded instrument, the BETF will impact positively not only as it comes with crypto leader ‘Bitcoin’ but also it will initiate the flow of capital from accredited investors to retail traders especially in the US public market. Needless to say that BETF will prove to be the responsible one that protects the capital provided by investors.

The major benefits of Bitcoin led ETF are tremendous. Because all those investors who were not inclined to park their capital with Crypto Currency market (just because of complexities involved on the legality perspectives) are better off to invest into  Bitcoin Exchange Traded Fund (BETF). Besides this, BETF allows investors to acquire BTC to their portfolio when it comes to doing retirement planning.  The major applause that comes from analysts, investors, consultants from the capital markets as well as crypto-currency markets towards the arrival of Bitcoin led ETF.

But because the new concept has been introduced to the market, the BETF is expected to begin a journey next year in 2019. Having considered the relevance of BETF in the US public market, the Chicago Board Options Exchange (CBOE) (a one of the world’s biggest options exchanges with CME Group) has already filed the application for Bitcoin ETF with the SEC to introduce BETF to the capital market in the USA. Let’s not forget that earlier the US SEC rejected the BTC ETF having said that there were no proper regulatory frameworks around the cryptocurrency exchanges and no monitoring system organized by any financial institution as to how the crypto markets traded. However, the improvements have been seen over the last 12 months in cryptocurrency have led Chicago Board Options Exchange to analyze the positive impact of its BTC future market on the cryptocurrency sector globally.

Even though investors are skeptical for a Bitcoin led ETF until the end of 2018, the most likely result of the approval BTC ETF for CBOE is expected because of the strong efforts done by the Gemini, SolidX and Winklevoss twins.

Let’s hope for the best for the upcoming trading with Bitcoin ETF!!