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Unlike the cynical sentiment boasted by Bitcoin skeptics, cryptography is not dead in water. Mike Novogratz, founder of the main cryptocentric information bank Galaxy Digital, "[there’s] Over the past week, VanEck and his colleagues have renewed their demand for Bitcoin Exchange Traded Funds, while Binance and Fidelity have made some remarkable announcements that could eventually lead to the adoption of blockchain technologies. Yet there were also some gaps.
Crypto Tidbits
- Application of ETF VanEck, CBOE, SolidX Refile Bitcoin: Reports were released Thursday that VanEck, CBOE and SolidX Partners had redeposited their collaborative request for Bitcoin ETF from the US Securities and Exchange Commission (SEC), which reopened after a nearly five-week shutdown by the US Securities and Exchange Commission. from the government. It is badumed that the renewed stability of the US government has rebadured VanEck that its proposed Bitcoin investment vehicle could be approved, catalyzing the resubmission of the document. The proposed investment instrument is still focused on providing Wall Street investors, wealthy individuals and notable cryptographic funds with an appropriate, secure and regulated way to become familiar with physical bitcoin and not on futures contracts. From that point on, the SEC would have 240 days to make a final decision on the bitcoin-focused product.
- Binance launches debit and credit functionIt may only be four weeks before 2019, but Binance has already begun to bend the muscles and pull the fangs. On Thursday, the Maltese company, based in Malta, consulted Twitter at the same time as Simplex, a crypto-friendly fiduciary payment service provider, to reveal that its world-renowned trading platform would accept credit card payments and of debt. Changpeng "CZ" Zhao, general manager of the crypto industry, explained that this integration of Simplex was intended to help traders of Binance, as it would provide them with "quick and easy access to cryptography, the most secure way possible. With this integration, Binance customers will be able to use their Visa and Mastercard debit and credit cards to purchase Bitcoin, Ethereum, XRP and Litecoin. Simplex purchases will cost the user 3.5% for each transaction, but a flat rate of $ 10 will apply if the transaction does not exceed $ 285 (or an equivalent amount in another currency).
- Blockchain.com Loses Wall Street Talent: Blockchain.com, a San Francisco-based crypto player who was historically consumer-centric, turned out to have lost Jamie Selway, a Wall Street veteran who has become the firm's global institutional markets leader. According to a report by The blockBlockchain, whose sports offices in the financial capitals of New York and London, has begun to modify its institutional commercial strategy. In a statement from the company, Blockchain acknowledged Selway's value for the company, but then noted that "this segment" had slowed down because the "needs of the professionals". [crypto] investors have increased over the last year. And as such, the company determined that it was better to entrust the institutional reins to more crypto-centric businessmen, who would be better able to call on companies, funds and businesses. "crypto-native" investors.
- Kik will challenge the regulatory status of ICOs with the SEC: According to a statement from Ted Livingston of Kik, a world-renowned social media company, the company intends to oppose the proposed KIN ICO law enforcement measures, which raised $ 100 million and was not registered with the SEC. Although the cynics claim that Livingston and his team do not have a strong leg, Kik believes that his rebuttal, which must be filed in the civil courts, is valid and could set a precedent for this nascent ecosystem. In fact, Kik's lawyers have even described as "defective" the approach adopted by the financial regulator in cryptocurrency.
- Bloomberg reveals Fidelity could start crypto custody by March: The Wall Street herd may be around the corner. According to an exclusivity Bloomberg, which later appears to be corroborated by Fidelity itself, Digital Asset Services, the cryptographic subsidiary of the Boston-based giant of finance, will launch its flagship conservation product, Bitcoin, by March. The Bloomberg report, which cites three companies aware of Fidelity's operations, says the company has begun to integrate a limited set of "eligible customers" for its cryptocurrency preservation program. Mike Novogratz, the aforementioned director of Galaxy Digital, which was once an institutional hub, has already stated that an offer such as Fidelity's crypto, regulated, secure and trusted custody could catalyze a wave of interest from the most large entities on Wall Street.
- Crypto Exchange Liqui Exchange Folds, Quote Lack of Liquidity: Liqui, a Ukrainian-crypto purse launched in 2016, revealed that it would close its operations early last week. According to a company press release replacing the company's home page, Liqui determined (ironically enough) that it would be "unable" to provide liquidity to its remaining customers. This is how the top management of the startup said it would be neither economically feasible nor logical to offer its trading platform, catalyzing the dissemination of the message. Starting January 28, traders have thirty days to withdraw their cryptocurrency holdings from the site. In response to this appalling industry event, Ran NeuNer, presenter of CNBC Africa's "Crypto Trader," said that, "requiring expensive maintenance infrastructure", more media could bite the dust in the future. the next months / weeks.
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