TenX adds LTC to wallet, partners with Litecoin Foundation
CryptoNinjas
TenX adds LTC to wallet, partners with Litecoin Foundation
TenX, blockchain pioneer that makes multiple virtual currencies instantly spendable in everyday life, is thrilled to announce that it has added Litecoin (LTC) to TenX Mobile Wallet for both iOS and Android.
News – CCN
Opinion: The Future of ICOs and the Potential of Securities Token Offerings
The Beginnings It is less than five years since in July 2013 J.R. Willet did the first ever ICO (Initial Coin Offering) for the Mastercoin. Since then ICOs have raised cumulatively more than $3.7 billion until December 2017. The year 2017 saw the explosion of the funds raised with this new funding technique. It is
i made a song about trading bitcoin [BTC] and losing all your money lmao https://soundcloud.com/geoppls/burned-on-bitmex-gppls-daily-84 losing your money on bitmex! in it i call arthur hayes and ask him for my money back and ask […]
Spectre.ai New UI & Features! A Promising Ethereum Dapp? ($100 Welcome Bonus) For $100 welcome bonus, use the following: 1) Click here to sign up: https://www.spectre.ai/?ref=b4b 2) USE THIS promo code: PRB4B Disclaimer – This […]
is one of the biggest investment and asset management firms in the United States. The investment giant is currently managing an estimated amount of $38 billion in assets. The firm which was founded in 1955, has offices in the United States, Germany, and Australia, which in recent years has focused on precious metals like gold, silver, and platinum.
The company is currently offering more than 50 different exchange-traded funds(ETF) for pension funds, banks, and endowments. Currently, VanEck’s main investment tool is gold but now it appears that it’s going to “dive” into the bitcoin market.
The market capitalization of Gold is about $7 Trillion, compared to the market cap of bitcoin which is a little over $71 billion, bitcoin appears relatively small. But VanEck believes that there still a lot of potential in the bitcoin market.
In a recent , Morgan Stanley believes that bitcoin might still be too immature to serve as an inflation hedge and that gold is a better investment. In the article Morgan Stanley analyst, Tom Price, stated following about bitcoin:
Some claim that the protocol limiting bitcoin’s supply growth rate, underpins its value,
he also added:
But if bitcoin is successful long term, we should continue to see competitor cryptocurrencies and market strategies emerge to exploit the new economic rent — a Bearish risk for bitcoin’s price.
According to on August 11, the famous investment firm filed with the U.S. Securities and Exchange Commission(SEC) for an official VanEck Vectors bitcoin Strategy ETF. The idea behind this special fund would be that it would invest into bitcoin futures contracts and be available for trading on Nasdaq.
This is a huge deal since this would allow stock traders to invest into the success of bitcoin without actually buying any bitcoins. VanEck’s decision to create a bitcoin ETF might not come as surprising as most people might think. bitcoin greatly outperformed gold, since January bitcoin has risen 310% and gold has only grown 11% in the same timeframe.
bitcoin ETFs aren’t a new invention. Back in , the famous Winklevoss bitcoin ETF was officially rejected by the SEC because of regulatory issues. A very recent by Bloomberg has concluded that bitcoin ETFs may soon become a reality.
What are your thoughts on VanEck’s bitcoin ETF? Do you think that it will make bitcoin mainstream for stock traders? Let us know in the comments below!
