Page 5 - Crypto Trading
Bitcoin investing could get boost from exchange-traded fund
Interested in Bitcoin but don't want to open a crypto trading account? Wall Street has something for you. ProShares said Monday it plans to launch the country's first exchange-traded fund linked to Bitcoin. The ETF with the ticker symbol BITO is expected to begin trading Tuesday, barring any opposition from regulators. It's the latest milestone for Bitcoin and for the ETF industry in general. In a statement, ProShares CEO Michael Sapir compared the launch of a crypto-linked ETF to the 1993 launch of the first stocks ETF and the 2002 rollout of the initial bond ETF. The U.S. market for ETFs has grown to more than USD5.4 trillion and they're owned by roughly 9per cent of all the nation's households, according to the Investment Company Institute. Cryptocurrencies, meanwhile, have exploded into a nearly USD2.5 trillion industry after the creation of thousands of digital currencies. Bitcoin is the biggest of them all, with a total value of nearly USD1.2 trillion. But like much in the ...
 "Bitcoin investing could get boost from exchange-traded fund")
Don't ban their Bitcoin: India's millennials pull crypto out of the shadows
Industry gains confidence that policy makers have been persuaded of benefits to the economy from blockchain-based innovation.
 "Don't ban their Bitcoin: India's millennials pull crypto out of the shadows")
CoinSwitch Kuber appoints Ranveer Singh as brand ambassador
The company has recently reached unicorn status in India, valued at USD 1.9 billion serving over 10 million Indian customers
 "CoinSwitch Kuber appoints Ranveer Singh as brand ambassador")
Stock market to crypto trading: Millennials log in for tips to handle money
A booming stock market, bite-sized information and documentary-style courses on apps are stirring interest in learning about finance among a tech-savvy generation
 "Stock market to crypto trading: Millennials log in for tips to handle money")
Coinbase says hackers stole cryptocurrency from at least 6,000 customers
The hack took place between March and May 20 of this year, according to a copy of the letter posted on the website of California's Attorney General.
 "Coinbase says hackers stole cryptocurrency from at least 6,000 customers")
China's top regulators ban crypto trading, sending bitcoin tumbling
10 agencies join hands for crackdown; Bitcoin, other coins slump
 "China's top regulators ban crypto trading, sending bitcoin tumbling")
SEC threatens to sue Coinbase Global over crypto lending programme
The SEC has threatened to sue Coinbase Global Inc if the crypto exchange goes ahead with plans to launch a programme allowing users to earn interest by lending crypto assets, Coinbase said
PayPal Holdings launches crypto buying and selling in the UK
Rollout is first international expansion of company's cryptocurrencies outside the US
 "PayPal Holdings launches crypto buying and selling in the UK")
Cryptocurrency broker Bitpanda raises $263 mn at $4.1-bn valuation
Bitpanda, which currently has 3 million users and presence in eight European countries, plans to aggressively expand into other countries this year.
Cryptocurrency platform loses estimated $600 million in cyberheist
The heist appears to be one of the biggest ever in cryptocurrency markets
 "Cryptocurrency platform loses estimated $600 million in cyberheist")
Mudrex raises $2.5 mn in seed round led by Nexus Venture Partners
Mudrex provides a platform for crypto investing by providing investment products modeled along the lines of 'mutual funds' and 'ETFs' for long-term wealth creation
 "Mudrex raises $2.5 mn in seed round led by Nexus Venture Partners")
Cryptocurrency exchange Binance halts new Hong Kong futures accounts
The largest crypto exchange by reported turnover said in a Twitter post that the move is effective immediately.
 "Cryptocurrency exchange Binance halts new Hong Kong futures accounts")
Ethereum software upgrade activated; ether, bitcoin down 4-5%
Ether was already lower on the day going into the technical adjustment
 "Ethereum software upgrade activated; ether, bitcoin down 4-5%")
Crypto exchange Binance to wind down derivatives in Europe
Binance's exit from derivatives in Europe is its latest exit from specific crypto products after growing regulatory pressure.
 "Crypto exchange Binance to wind down derivatives in Europe")
Pakistan govt moves to bring cryptocurrency boom out of the dark
Pakistan has seen a boom in trading and mining cryptocurrency, with interest proliferating in thousands of views of related videos on social media and transactions on online exchanges
China cryptocurrency miners squeezed further as Anhui halts projects
Anhui plans to shut down all crypto mining projects within the next three years due to a power supply shortage
Crypto exchange Binance says sterling withdrawals reactivated after outage
The exchange's customers said on Tuesday they were unable to deposit or withdraw sterling from the platform, days after regulators in Britain cracked down on some of its activities in the country
 "Crypto exchange Binance says sterling withdrawals reactivated after outage")
TP ICAP to launch crypto trading platform with Fidelity, Standard Chartered
TP ICAP is the world's biggest interdealer broker
How should cryptocurrency be taxed in India? Here are some thoughts
Cryptocurrencies have generated a lot of interest for investors of all ages due to recent increase in value. It is estimated that roughly a crore Indians have invested in cryptocurrencies
Crypto is 'rat poison', a third of mainstream investment firms tell JPM
Only 10% of institutional investment firms surveyed by JPMorgan trade cryptocurrencies
