Asset Manager Vaneck Launches Physically-Backed Bitcoin Exchange-Traded Note
On November 25, the asset manager Vaneck announced the launch of an exchange-traded product (ETP) called the “Vaneck Vector Bitcoin ETN.” The exchange-traded note is physically-backed by bitcoin and listed on the trading exchange Deutsche Böerse Xetra. The newly listed Vaneck bitcoin ETN provides investors with the opportunity to buy and sell the ETN, and participate directly in the performance of bitcoin without actually purchasing...
New Research Suggests Satoshi Nakamoto Lived in London Creating Bitcoin
The hunt for the mysterious Bitcoin inventor, Satoshi Nakamoto continues to this day, as new data-driven research has been recently deployed in order to figure out the creator’s location while he/she or they worked on the network. The researchers analyzed Satoshi’s 539 Bitcointalk posts, 34 emails, 169 code commits, metadata from all the versions of bitcoin he worked on, the genesis block data, and archived data from the Wayback...
Lithuania Rakes in 6.4 Million Euros From Selling Seized Cryptocurrencies
Lithuania’s tax authority has sold the cryptocurrencies it previously seized for 6.4 million euros (approximately $7.6 million). The three cryptocurrencies confiscated were bitcoin, ether, and monero. This was the first time the tax authority sold seized cryptocurrencies. Lithuania Sold Seized Cryptocurrencies The State Tax Inspectorate (STI) under the Ministry of Finance of the Republic of Lithuania announced Tuesday that it has sold...
Major Australian Investment Firm Moves From Gold to Bitcoin
A billion-dollar Australian investment management firm has gotten into bitcoin, citing that the cryptocurrency is superior to gold. Many of the firm’s clients have been asking about investing in bitcoin. “We have been positioning in gold for our clients for many many years now. Now we’re doing it with bitcoin,” said an executive of the firm. Bitcoin ‘Entering the Realm of the Mainstream’ Australian investment management company Pendal...
CFTC’s New Rules Cause Coinbase to Stop Offering Crypto Margin Trading
Cryptocurrency exchange Coinbase is disabling its margin trading product in order to comply with the new rules set by the Commodity Futures Trading Commission (CFTC). CFTC’s Rules Affecting Margin Trading Offerings Coinbase’s chief legal officer, Paul Grewal, explained in a blog post on Tuesday: In response to new guidance from the Commodity Futures Trading Commission, we are disabling our margin trading product. Starting on...
