Could Switzerland’s Crypto ETP Make a Bitcoin ETF More Likely?

Twitter Facebook LinkedIn This week, SIX Swiss Exchange, Switzerland’s principal stock exchange based in Zurich, approved the listing of a crypto exchange-traded product (ETP) with the ticker “HODL.” Like the Coinbase Index and Bitwise Hold 10, Amum ETP represents the value of five cryptocurrencies that include Bitcoin (BTC), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), and Ethereum (ETH). Investors in the Amun ETP will hold a basket of cryptocurrencies that meet the requirements and criteria set forth by the investment firm. “Unlike actual assets such as stocks or gold, an…

Rural Washington County Utility Proposes Increased Electricity Costs for Crypto Miners

Washington’s Chelan County Public Utility District (PUD) has proposed a new electricity pricing structure for cryptocurrency miners meant to pass down the cost of increased electricity demand, Central Washington radio station KPQ reported Nov. 14. The article cites Lindsey Mohns, the Customer Utilities Rate Adviser, explaining the difference between the current and proposed electricity pricing systems, noting that the rate structure is “built the same was as the existing rate structure that cryptocurrency miners are paying right now”: “What this new rate structure (Schedule 36) does is brings into it…

Crypto Markets See Flush of Green as Bitcoin Moves Closer to $5,600

Sunday, Nov. 18: after a tumultuous week, the crypto markets are today signalling recovery, with most of the top ten cryptocurrencies seeing healthy growth of within a 1 to 7 percent range, and the vast majority of the top 100 crypto assets by market cap in the green, as data from Coin360 shows. Market visualization by Coin360 After a steep decline Nov. 14, Bitcoin (BTC) is today showing signs of gentle growth, consolidating its incremental gains in recent days to push the $5,600 price point. As of press time, the…

Canadian House Finance Committee Recommends Crypto Regulation to Prevent Money Laundering

The Canadian House Finance Committee has recommended that the government start regulating cryptocurrencies to prevent money laundering, Canadian digital newspaper iPolitics reports Nov. 14. According to iPolitics, the Canadian House Finance Committee suggested that cryptocurrencies should be regulated during its review of the Proceeds of Crime Money Laundering and Terrorist Financing Act (PCMLTFA), which occurs once every five year. The committee held 18 meetings for the PCMLTFA review, which started in February. As a result of the review, the committee put forward three ways for the government to regulate cryptocurrencies.…

Ripple Surges 8% as Crypto Market Adds $4 Billion Overnight

Twitter Facebook LinkedIn Over the last 24 hours, Ripple (XRP) has surged by more than 8 percent to $0.51, as the valuation of the crypto market increased by $4 billion from $181 billion to $185 billion. On November 15, the valuation of the crypto market fell by $27 billion from $210 billion and a recovery to the $200 billion mark could require weeks to months of stability. As one cryptocurrency technical analyst explained, “BTC bulls trading in defense after recent drop below key support, now need a powerful comeback to…

Deloitte Blockchain Chief: Bad Crypto Headlines Making Clients ‘Nervous’

“Can we stop talking about my bad brother?” That’s how Linda Pawczuk, leader of Deloitte Consulting’s financial services industry blockchain group, describes the conversations she often has these days with executives and board members of client companies. Pawczuk’s team is squarely focused on helping decades-old, global enterprises figure out how to use distributed ledger technology (DLT) to transform their paper-based business processes for a digital age. But recently, she said, these clients have been asking about the wilder side of blockchain they’ve read about in the news: the initial coin…

Major Swiss Stock Exchange SIX Lists the World’s First Crypto ETP Amidst Market Collapse

Switzerland‘s principal stock exchange SIX Swiss Exchange will list the world’s first crypto-based exchange-traded product (ETP) next week, the Financial Times (FT) reported Saturday, Nov. 16. Backed by the Swiss startup Amun AG, the first global crypto ETP will be listed under index HODL, and will track five major cryptocurrencies: Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC). According to the article, each cryptocurrency will acquire a certain market share within the upcoming ETP, with Bitcoin accounting for around half of the ETP’s assets. The rest…

The End of Crypto ICOs? Bitcoin Price Predicitions & Swiss ETF – Cryptocurrency News

Bitcoin and cryptocurrency news – Paragon’s crypto dreams go up in smoke as SEC crackdown continues, Bitcoin price predictions, Swiss crypto etf, and Vechain adoption news. SEC Shitcoin Surprise: SEC Hands Paragon And AirToken Investors A Mulligan SEC Statement https://www.sec.gov/news/press-release/2018-264 SALT $50 Million ICO Lands Crypto Lender SALT in Hot Water with SEC: WSJ Swiss ETF Switzerland Green Lights World’s First Crypto ETP to be Listed Next Week Bitcoin PRice $1,500 https://cointelegraph.com/news/bitcoins-no-longer-boring-price-heading-towards-15k-say-bloomberg-analysts BItcoin Price $15,000 https://cointelegraph.com/news/fundstrats-tom-lee-predicts-bitcoin-recovery-but-lowers-end-year-target-to-15k Vechain Confirmed: Fashion Empire H&M Testing VeChain Technology SUPPORT ME ON PATREON patreon.com/thecryptolark RECOMMENDED…

Crypto Experts Slash Bitcoin Price Predictions: Fact is, No One Knows

The recent crash in the crypto market has led Wall Street investors to slash their Bitcoin price prediction by half. Tom Lee, the co-founder of Fundstrat Global Advisors, lowered his year-end expectations to $15,000 from $25,000. Lee’s prediction came after BTC broke below its so-called bottom at $6,000. Before the crash, the said level was considered to be a break-even point for miners. Based on that, Lee estimated that BTC price should be at least 2.2 times higher than the break-even point. Otherwise, mining Bitcoin will be worthless in a…

Downtrend in Crypto Market Continues as BCH Falls

Twitter Facebook LinkedIn Over the last 24 hours, the valuation of the crypto market has fallen from $185 billion to $181 billion, by around $4 billion. On November 15, amidst one of the worst single-day corrections in all of 2018, the crypto market saw a wipeout of more than $27 billion. The market extended losses throughout the past two days. Bitcoin Cash, even with the combined value of Bitcoin Cash SV (BCHSV) and Bitcoin Cash ABC (BCHABC), has fallen by more than seven percent. Subsequent to the fork, the price…