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Bitcoin Guide

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The Commodity Futures Trading Commission (CFTC) chairman, Christopher Giancarlo in a recent interview with CNBC expressed his view about cryptocurrencies and shared his believe that digital currencies will be here for the long term even if they may never achieve the goal of completely replacing fiat currency. Explaining the basis for his assertion, the CFTC boss stated that cryptocurrencies especially Bitcoin will achieve wide spread adoption in two-thirds of the world. In his words, I…

Google has announced it is updating the company’s financial products and services policy to allow cryptocurrency related ads and hence partly reversing its ban on cryptocurrency advertising. By this announcement, Google will now allow regulated crypto companies to utilize its platform to advertise their products. The billion dollar search engine company had earlier in March banned crypto advertising; specifying the risks of consumer harm and the potential of cryptocurrency investments to cause harm in financial…

Popular English board game, Scrabble has included ‘Bitcoin’ as a playable word in its latest edition as featured on the Merriam-Webster’s Dictionary. Bitcoin was first added to the Merriam-Webster’s unabridged dictionary in 2016, however the Scrabble dictionary which is updated occasionally (Four years) had not included it previously and only just debuted Bitcoin in this latest update (Sixth version). This recent update to the scrabble dictionary also featured an addition of over 300 newly accepted…

The U.S. Securities and Exchange Commission (SEC) had yesterday published an official statement declaring its decision to postpone for a second time, the CBOE Bitcoin ETF application to trade the VanEck/Solid X Exchange Traded Fund (ETF). The delay is not a first as the SEC had in August turned down multiple ETF proposals while citing ‘market manipulation’ as its major concern. Following previous delays, a decision was expected by September 30th but by this latest announcement…

Cryptos and Forex- With the varying options, 365/24/7 opportunities and profits to be made in the crypto sphere, many look to either switch completely or engage simultaneously in both Forex and Cryptocurrency sectors. At a first glance, both sectors seem similar but there are several fundamental differences between these two which will be discussed in this post. As stated, the lucrative benefits of the cryptocurrency and blockchain industry has attracted interests from new entrants; with…

The U.S. Securities and Exchange Commission (SEC) on Sunday, September 9, announced in a surprising move the suspension of trading on a pair of investment products, the Bitcoin Tracker One (CXBTF) and Ether Tracker One (CETHF). The two investment instruments issued by XBT Provider AB, a Swedish based subsidiary of U.K. firm CoinShares Holdings; are currently listed on Nasdaq INC exchange in Stockholm and the pair work on the basis of tracking cryptocurrency prices minus…

The United States Senate had during its last sitting confirmed Elad Roisman as member of the Securities and Exchange Commission (SEC). Roisman who was specifically nominated by President Trump; will now complete the required five member executive positions within the Commission. The 37 year old Republican had previously served as Chief Counsel to the U.S. Senate Committee on Banking, Housing, and Urban Affairs, and will now replace fellow Republican commissioner Micheal Piwowar as a SEC…

Goldman Sachs has refuted claims that it was abandoning plans to launch a trading desk for cryptocurrencies. On September 5 2018 news and rumoured reports filled the crypto space saying the Investment bank was calling off its crypto plans till an unknown date, this rumoured reports were suspected to have triggered the huge $15 billion crypto market cap wipe out, as most crypto-coins and tokens shed off double figures from their past week prices;…

Over the last 24 hours the crypto market had its gains from a healthy past week wiped out to a sweeping clearance of $15 Billion from the Coin Market Cap in a single day. Bitcoin crashed by a whopping 12% from $7300 to $6421 as at the time of this report with altcoins including BCH(16%), EOS(14%), XMR(12%), ETH (15%), XRP(9%) and other top 100 coins dipping between 20%-40% off their past week prices. This huge…

Bittrex has made public its decision to delist Bitcoin Gold (BTG) from its trade platform this September. The US-based cryptocurrency exchange which doubles as one of the world’s largest crypto exchanges; has attributed this decision to the series of hacks suffered by the crypto coin in recent times; on its exchange and a few other exchanges. Bitcoin Gold (BTG) which was founded in 2017, is a hard fork of Bitcoin Core (BTC) and had…