Forth Crypto News You Need to Know

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Bitcoin ETFs

Bitcoin futures contracts were introduced in December of last year, and since then, there have been a number of positive developments in the world of cryptocurrency. The most recent is the launch of Bitcoin ETFs.

The SEC’s decision

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on whether to approve a Bitcoin exchange traded fund (ETF) until September 30. The SEC was expected to announce its decision on August 10, but it delayed the decision due to “unusual circumstances.”

The SEC has been scrutinizing Bitcoin ETFs for years, and it has rejected several proposals. However, some industry observers believe that the agency is getting closer to approving an ETF. The postponement of the decision could be a sign that the SEC is still undecided about whether a Bitcoin ETF is in the best interests of investors.

What does this mean for Bitcoin?

Bitcoin ETFs proposals have been sent to the U.S. Securities and Exchange Commission (SEC) by three different firms so far this year. An ETF is an exchange traded fund that would track the price of Bitcoin and trade on a stock exchange, making it much easier for investors to buy into the digital currency. The SEC has yet to approve any Bitcoin ETFs, and it’s unclear if they will given their concerns about the lack of regulation in the cryptocurrency space. But if approved, these ETFs could bring a huge influx of money into Bitcoin and push up prices significantly.

The launch of Bakkt

On September 23, Bakkt, a cryptocurrency exchange created by the Intercontinental Exchange (ICE), announced that it would launch Bitcoin Futures contracts on December 12. The news sent shockwaves throughout the crypto community, as Bakkt is seen as a legitimizing force that could lead to mass adoption of cryptocurrencies.

What is Bakkt?

Bakkt is a digital assets platform that is designed to enable consumers and institutions to buy, sell, store, and spend digital assets. The Bakkt platform is being developed by Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE).

The Bakkt platform is intended to provide a federally regulated market for digital assets. The Bakkt platform will be backed by ICE’s global network of exchanges and clearinghouses. In addition, the Bakkt platform will use ICE’s Digital Asset Framework to provide security and regulatory clarity for digital asset transactions.

The launch of Bakkt is intended to provide a trusted and regulated environment for digital asset transactions. The Bakkt platform will allow consumers and institutions to buy, sell, store, and spend digital assets in a safe and secure manner.

What does this mean for Bitcoin?

Bakkt is a digital asset platform that is designed to enable consumers and institutions to buy, sell, store, and spend digital assets. The company was founded by the Intercontinental Exchange (ICE), Microsoft, Starbucks, and other major companies.

Bakkt aims to provide a regulated environment for digital asset trading and custody, as well as merchant solutions for them. The company’s ultimate goal is to create an integrated platform that makes it easy for consumers and institutions to access digital assets.

The launch of Bakkt has been highly anticipated by the crypto community, as it is seen as a major legitimizing move for Bitcoin and other digital assets. Until now, most crypto exchanges have been unregulated and have operated in a Wild West-type environment. Bakkt’s entrance into the market could change that.

The launch of Bakkt could also lead to increased institutional investment in Bitcoin. Right now, most institutional investors are prevented from investing in Bitcoin due to regulatory uncertainty. But with Bakkt providing a regulated environment for trading and custody, institutional investors may feel more comfortable putting their money into Bitcoin.

Overall, the launch of Bakkt is seen as a positive development for the cryptocurrency industry. It could help to legitimize Bitcoin and other digital assets, as well as attract more institutional investment into the space.

The death of QuadrigaCX

QuadrigaCX, once the largest cryptocurrency exchange in Canada, has filed for creditor protection after the death of its CEO Gerald Cotten. Cotten, who was the only person with access to the wallets containing $145 million worth of customer funds, died in December due to complications from Crohn’s disease.

What happened?

On January 14, 2019, the sudden death of Gerald Cotten, the CEO and founder of QuadrigaCX, Canada’s largest cryptocurrency exchange, left 115,000 users unable to access $190 million worth of Bitcoin and other digital assets. Since then, the story has made headlines around the world, as questions remain about what happened to the missing funds and whether users will ever be able to access them.

Here’s a recap of the events that have unfolded so far:

January 14: Gerald Cotten dies in India from complications relating to Crohn’s disease at the age of 30. He is survived by his wife, Jennifer Robertson.

January 26: QuadrigaCX announces Cotten’s death and reveals that he was the only person with access to the cold wallets containing the majority of the exchange’s holdings.

February 5: Robertson files for creditor protection in Nova Scotia court.

February 6: The court grants an interim order allowing QuadrigaCX to inaccessible funds from its “hot wallets” in order to pay back users.

March 1: The court grants another order allowing Robertson to access Cotten’s personal accounts and property in order to search for clues about the missing funds. This includes US$9 million in cash and investments, as well as quadrigacx.com domain names and cryptographic keys.

What does this mean for Bitcoin?

This news has caused shockwaves throughout the crypto community. Many are wondering what this means for Bitcoin and the future of cryptocurrency.

QuadrigaCX was one of the largest cryptocurrency exchanges in Canada. It allowed users to buy and sell Bitcoin, Ethereum, Litecoin, and other digital currencies. The exchange also offered margin trading and had over 115,000 registered users.

The company’s founder and CEO, Gerald Cotten, died unexpectedly in December 2018. He was the only person who had access to the company’s “cold storage” – a offline storage system used to keep the majority of the digital currency safe from hacking attempts. Without Cotten’s access to the cold storage, QuadrigaCX is unable to refund user’s money.

This event has caused many to worry about the security of their money when using cryptocurrency exchanges. It also highlights one of the biggest concerns about digital currency – that it is not backed by a central authority like a government or bank. This means that there is no guarantee that you will be able to get your money back if something goes wrong.

What do you think about this news? Do you think it will have a long-term impact on Bitcoin and other cryptocurrencies?

The rise of stablecoins

Stablecoins are digital assets that are pegged to the US Dollar or other fiat currencies. They are designed to minimize volatility, and as a result, they have become increasingly popular in the cryptocurrency space. In this article, we’ll take a look at four stablecoins that are making waves in the crypto world.

What are stablecoins?

A digital asset’s price is usually volatile since it is influenced by a number of factors such as news, innovation, and tweets. This has made it difficult to use cryptocurrencies for real-world purchases as merchants cannot be sure how much a digital asset will be worth by the time the transaction is processed.

Stablecoins are digital assets whose prices are pegged to another stable asset, such as gold or the US dollar. This makes them ideal for use in real-world transactions as their value remains constant despite market fluctuations. There are currently three types of stablecoins: fiat-collateralized, crypto-collateralized, and non-collateralized.

Fiat-collateralized stablecoins are backed by fiat currencies (such as the US dollar or the Euro) held in reserve by the issuer. Crypto-collateralized stablecoins are backed by other cryptocurrencies held in reserve by the issuer. Non-collateralized stablecoins use complex algorithms to maintain price stability without any collateral.

The most popular stablecoin is Tether (USDT), which is fiat-collateralized and backed by US dollars held in reserve. Other popular stablecoins include USD Coin (USDC), Paxos Standard Token (PAX), and Dai (DAI).

What does this mean for Bitcoin?

While the exact impact of stablecoins on Bitcoin is still to be determined, it is widely believed that they will have a positive effect on the leading cryptocurrency. One of the primary advantages of stablecoins is that they provide a much needed level of stability in an otherwise volatile market. This could help to increase confidence in Bitcoin and lead to more widespread adoption.

Another potential benefit is that stablecoins could help to facilitate wider usage of Bitcoin as a form of payment. Due to its volatility, Bitcoin is not currently practical for everyday transactions. However, if stablecoins are used to purchase Bitcoin, this could potentially make it more viable for use in day-to-day purchases.

Only time will tell how exactly stablecoins will impact Bitcoin, but it is safe to say that they have the potential to be hugely positive for the leading cryptocurrency.

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