Bitcoin786

  The Bitcoin bulls are racing again. A year ago the cryptocurrency was valued at less than US$12,000. Now it has passed the symbolic milestone of US$60,000, nudging the US$63,255 record it reached in mid-April, before its price fell to as low as US$30,000 in July. Bitcoin’s rally over the past month is largely  attributed  to speculation the US Securities and Exchange Commission is  poised to approve  an exchange-traded fund, or ETF, based on Bitcoin futures. So what is an ETF, and why does this matter to the value of Bitcoin? How does an ETF work? An exchange-traded fund is an investment fund, comprising a pool of assets, traded on a stock exchange. The general attraction is that an ETF offers individual investors the benefits of diversification, protection and liquidity. Suppose, for example, you want to invest $100,000 in commercial property. You can’t afford to buy an office building or a shopping centre by yourself – and, even if you could, buying just on...

  Bitcoin nears $60,000 as investors eye first U.S. ETFs A representation of cryptocurrency Bitcoin is seen in this illustration taken August 6, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Oct 15 (Reuters) - Bitcoin hit a six-month high on Friday, approaching the record hit in April, as traders became increasingly confident that U.S. regulators would approve the launch of an exchange-traded fund based on its futures contracts. The world's biggest cryptocurrency rose nearly 4% to as high as $59,664, its highest since mid-April. It has doubled in value this year and is near April's record high of $64,895. The U.S. Securities and Exchange Commission (SEC) is poised to allow the first U.S. bitcoin futures ETF to begin trading next week, Bloomberg News reported on Thursday, citing people familiar with the matter. Ben Caselin, head of research and strategy at Asia-based cryptocurrency exchange AAX, said bitcoin's spike above $59,000 wasn't arbitrary and long-term investo...

  The Securities and Exchange Commission is poised to allow the first U.S. Bitcoin futures exchange-traded fund to begin trading in a watershed moment for the cryptocurrency industry, according to people familiar with the matter. The regulator isn’t likely to block the products from starting to trade next week, said the people, who asked not to be named while discussing the decision. Unlike Bitcoin ETF applications that the regulator has previously rejected, the proposals by ProShares and Invesco Ltd. are based on futures contracts and were filed under mutual fund rules that SEC Chairman Gary Gensler has said provide “significant investor protections.”  A spokesperson for the SEC declined to comment, as did an official at ProShares.  Barring a last-minute reversal, the fund launch will be the culmination of a nearly decade-long campaign by the $6.7 trillion ETF industry. Advocates have sought approval as a confirmation of mainstream acceptance of cryptocurrencies since Ca...

  Are cryptocurrencies a scam? This is the question that is bothering a lot of people, especially now that bitcoin and other cryptos have taken such a great space in the mainstream media. What are cryptocurrencies? How do you trade with it? Who are the people making huge profits? Which are the best cryptocurrencies to invest in? What is cryptocurrency? Cryptocurrency. This word means a ton of different things to a lot of different people. To most, it’s a thing on the internet that some people “supposedly” used to make money, through a series of activities that are beyond comprehension.  other people, it’s a chance to change their lives and become rich. an d then, there are those who have lost huge investments, and those who have become filthy rich in a short span of time by mining and trading with cryptocurrencies. What they all have in common is the fact that they know about crypto. What differs them from one another are the levels of knowledge on the su webject and the level...

The cryptocurrency market witnessed a bullish trend led by bitcoin and ether on Friday, with the market capitalisation gaining 0.5 percent to reach $2.4 trillion as of 1310 hours GMT. Bitcoin, the largest cryptocurrency, hit the highest level since May 12 of $56,100 before settling at $54,727 with a gain of 1.53 percent. With this increase in price, the market capitalisation of the biggest cryptocurrency reached 1.03 trillion. Likewise, ether (ETH) price increased by 0.91 percent to reach $3,592. With this increase in price, the market capitalisation of ETH has reached $421.6 billion. However, XRP price slipped by 0.22 percent to reach $1.07. The market capitalisation of XRP stands at $106.8 billion after this decrease. Likewise, cardano (ADA) price shed 1.50 percent to reach $2.26. Its market capitalisation has decreased to $73.2 billion after this decrease. Similarly, dogecoin (Doge) price went down by 2.28 percent to reach $0.244. With this decrease in price, the market capitalisati...

  How Can I Mine Bitcoins For Free? Bitcoin enthusiasts around the world can obtain it in three primary ways. They can buy Bitcoins on a cryptocurrency exchange; accept Bitcoins as payment for goods and services, and through mining new Bitcoins. The Bitcoin Mining process signifies the discovery of new Bitcoins by solving complex mathematical problems. The process is very hard just like digging the ground to find gold. In fact, miners need to set up a node (network) of high powered computers to simply find out the verification key of Bitcoin transactions. However, miners do not just verify one Bitcoin transaction; they constantly try to verify many of them at the same time. A ledger network called Blockchain keeps all these transactions virtually locked after gathering them into boxes known as hashes. Miners only run the software to find out the key that can open the box. As soon as a computer in the node finds the key, the box or hash pops open and the transactions are verified. M...