Den tredje canadiske Bitcoin ETF, kaldet CI Galaxy Bitcoin ETF, tickersymbolet BTCX, begynder at handle på Toronto Stock Exchange den 9. marts, en pressemeddelelse den 8. marts af CI Galaxy Digital Capital Management (CI GAM), der bekræfter de nye derivater produkt afsløret.

Tvingende muligheder for vækst og diversificering

Ifølge udstederen reagerer Bitcoin ETF-udstedelsen på det digitale aktivs vækst, der præsenterer „overbevisende vækst- og diversificeringsmuligheder.“

CI GAM, ETF-manager, er den økonomiske del af Galaxy Digital Capital Management LP – GDAM (Bitcoin-underrådgiveren), der administrerer aktiver til en værdi af over 200 mia. $.

GDAM vil udføre alle Bitcoin-handler ved at udnytte deres dybe rigdom af erfaring med at styre tredjepartskapital og deres forbindelser i blockchain og digitale rum.

Direkte eksponering for Bitcoin

BTCX vil nu give institutionelle investorer mulighed for at have direkte eksponering for Bitcoin via en kvalitets- og reguleret fondsplatform.

Fonden investerer direkte i Bitcoin, hvis prisfeeds er fra Bloomberg Galaxy Bitcoin Index. Erhvervet BTC forbliver også under forvaring af Bloomberg Index Services Ltd.

Kommenterer, Kurt MacAlpine, administrerende direktør for CI Financial, moderselskabet for CI GAM, sagde:

”CI Galaxy Bitcoin ETF tilbyder investorer et sikkert og praktisk middel til at holde bitcoin i deres portefølje. Jeg tror, ​​vores ETF skiller sig ud ud fra dens meget konkurrencedygtige pris og CI og Galaxy’s omfattende kapaciteter og track record i forvaltningen af ​​alternative investeringer og digitale aktiver. “

BTCX er den tredje, der er godkendt af canadiske myndigheder. Det følger succesen med TSX Purpose Bitcoin ETF.

Ved lanceringen tiltrak det interesse fra institutioner og sendte store handelsvolumener.

Bitcoin et skjold mod inflation

Når Bitcoin og krypto udvikler sig og modnes, vil alternative investeringsprodukter fortsat tiltrække kapital, da investorer fortsætter med at diversificere.

Efter at det amerikanske senat godkendte $ 1,9 billioner stimuluspakken, vil Bitcoin-priser sandsynligvis stige højere i lyset af mulig inflation.

Som BTCManager rapporterer, vil Aker Group – et af de førende olieselskaber i Norge – begynde at finansiere Bitcoin og blockchain-relaterede projekter gennem et nyt datterselskab, Seetee AS.

Deutsche Bank and Morgan Stanley launch crypto offensive

The growth of the token economy is sparking desire among financial services firms. Two more heavyweights, Deutsche Bank and Morgan Stanley, are registering interest in the digital asset infrastructure.

Crypto custody business has been included in the German Banking Act for about a year. But although the management of crypto assets has been cast in regulatory form as a Bitcoin Lifestyle review financial service, major banks have so far exercised restraint. They have left the pioneering work to small, innovative banking houses. However, the increasing customer demand for digital assets is gradually luring „giants“ like Deutsche Bank out of their shells.

According to a crypto report published in December by the World Economic Forum, Deutsche Bank is developing a platform for the safekeeping of digital assets. According to the report, the focus would be on „a fully integrated custody platform for institutional clients and their digital assets, offering seamless connectivity to the broader cryptocurrency ecosystem“. The focus of this all-in-one platform is on a „bridge between digital assets and traditional banking services“, digital asset management and custody in the form of an „institutional hot/cold storage solution“.

Deutsche Bank has already completed a proof of concept and plans to gradually roll out the platform over the course of 2021, starting with a custody service for institutional investors. Subsequently, clients will also have the opportunity to buy and sell digital assets via partnerships with brokers, issuers and exchanges.

The ultimate goal would be an open banking platform „that enables onboarding of third-party providers“ and integrates services such as lending and staking. The service embeds itself in a framework of fully regulated banking services, including KYC procedures and AML guidelines. This could establish the platform as a door opener to the token economy, especially for professional investors.

Morgan Stanley plans crypto offensive

On the other side of the pond, crypto statements from major financial services providers are also getting louder. After the Bank of New York Mellon and MasterCard announced the integration of crypto services only a few days ago, another financial giant, Counterpoint Global, is venturing into the crypto economy, according to Bloomberg. According to the report, the „150 billion US dollar investment arm of Morgan Stanley“ is currently investigating whether „cryptocurrencies would be a suitable option for its investors“.

Given the growing interest of institutional clients in custody solutions for digital assets, the move would not come as a surprise. Companies such as MicroStrategy and, most recently, Tesla, show that demand is growing on the part of established companies. As traditional financial services providers have so far been observing the development of the token economy from an observer role, asset managers such as Grayscale are still catching up with this demand. According to Bloomberg, banking giants such as Morgan Stanley are therefore gradually under pressure not to miss this turnaround.

Even institutional investors, who are prevented by the rules of their funds from holding Bitcoin directly, have turned to such trusts. For Wall Street firms, the inability to offer Bitcoin to these clients increases the risk of losing them to other managers.

Bloomberg cites anonymous sources close to the banking giant. Morgan Stanley has yet to comment.

Best mobile wallet for beginners.

Best mobile wallet for decentralized finance (DeFi).

Best mobile wallet for a decentralized identity.

Best mobile wallet to save.

While not the best way to store cryptocurrency for the long term, mobile wallets can be the most convenient way to spend crypto assets quickly.

Exodus Crypto Wallet: ideal for beginners

Exodus is a multi-currency, cross-platform crypto wallet that supports Windows and Mac computers as well as Android and iOS devices. This wallet supports 126 different cryptocurrency assets , many of which are little known to cryptocurrency newbies. Exodus users can also trade between many cryptocurrencies supported by the wallet.

One of the major strengths of the Exodus wallet is its extreme ease of use thanks to its clean and tidy user interface, which is mostly devoid of the distracting and confusing complexity that most expect crypto / crypto users. wallet are obliged to support.

The Exodus wallet also allows its users to bet on cryptocurrencies like tezos (XTZ), cosmos (ATOM) and VeChain (VET), supports cryptocurrency- activated applications also allowing sports betting. In addition, this software also supports decentralized lending protocol, allowing its users to earn on stablecoin deposits.

Crypto Wallet Money: the best for decentralized finance (DeFi)

Silver is an Ether Wallet (ETH) that also supports ERC20 cryptocurrency and provides easy access to the world of DeFi protocols through support for Decentralized Applications ( dApps ). The user experience offered by this app largely resembles Venmo and is aimed at a non-technical audience.

Argent is also recommended for beginners who have not yet learned how to manage their private keys responsibly through a built- in recovery system . This wallet does not require its users to save a seed phrase, and if you lose access to your wallet, you can ask previously chosen people to approve your access to your wallet through a chained smart contract.

Another cool feature offered by this wallet is the support for meta-transactions , which allows users to sign a transaction intent which can later be passed through another wallet. This is to ensure that users will not lose access to their cryptocurrency assets if the company behind the software ceases operations.

Finally, Argent also allows its users to set transaction limits or lock their wallet in the event of device theft, to avoid loss of funds. These features are enabled by the smart contract-based approach of this wallet: instead of directly holding the user’s funds at the address corresponding to their private key, the assets are held in a smart contract allowing more control. advanced.

SelfKey crypto wallet: the best for decentralized identity

SelfKey is the most unique wallet included in this review, so much so that simply calling it a wallet sounds wrong. This Ether and ERC20 cryptocurrency wallet includes a standalone identity management system and ecosystem of services that allow its users to take advantage of this functionality.

SelfKey leverages the KYC blockchain-based KYC-Chain solution to verify data – such as documents, residence, address, contact details, about the user in the SelfKey ID, and then allow third parties to verify who is the user.

Moreover, all of this data is stored locally on the user’s device, which avoids the existence of a centralized target for hackers who want to acquire large amounts of personal data. More security-conscious users can also secure their SelfKey wallet key with Ledger or Trezor hardware wallets.

SelfKey’s main selling point is its Marketplace, which allows the user to quickly access services with SelfKey ID verification and pay with the ecosystem’s proprietary KEY cryptocurrency.

This marketplace allows the user to start a new business in 12 jurisdictions and integrate it or open new bank accounts in 20 countries.

Bitcoin may have conquered even more space as a store of value, surpassing even the dollar.

 

The end of 2020 is a very iconic moment for Bitcoin, setting a new price record for where the next few years will be based or, at best, the beginning of a high to even higher levels. We are still seeing good signs of currency appreciation and the announcement of the Bitcoin Evolution Oxford vaccine approval in the UK increasing investor sentiment of greed and risk.

 

At a time when the market has a higher sense of risk, we can expect more and more purchases from investors looking to make profits from the currency appreciation.

 

While all the vaccine news helps the market, the vaccine produced in the UK has some advantages over location and distribution.

 

 

Hani Redha, a diversified portfolio manager at PineBridge, was quoted by the NewsBTC website as saying:

 

„This is a very important development in the global fight against the pandemic. Unlike its counterparts, the AstraZeneca-Oxford vaccine will have more doses to transfer between developing countries with relatively higher temperatures. Only the number of doses and the ease of distribution in developing countries make it very important“.

 

As a result, the market’s positivity towards assets with the highest exposure to risk has made investors look to Bitcoin for profits, balancing Fear and Greed even more likely to go green.

 

 

The recent Fear and Greed index shows that Bitcoin is in the area of Extreme Greed.

Dollar continues to lose and Bitcoin on the way to US$ 30,000

The US Dollar Index, which shows the relative strength of the dollar against other currencies, fell to its lowest since April 2018. This put the dollar to a low with the currency not a good reserve value.

 

This is an interesting fact because one of the reasons Bitcoin is so highly valued is that it could be a store of value during the crisis and the insecurity of the future (which is true). But the dollar has always shown itself to recover with news about vaccines and the possibility of an end to this health crisis while other assets were losing their breath.

 

This shows that Bitcoin may have conquered even more space as a store of value, surpassing even the dollar.

 

In the medium and long term, this is a positive sentiment for cryptomyces. With the recent increase in market entry flow, Bitcoin shows no resistance up to $30,000.

The Maltese progressive house producer has decided to sell an NFT that guarantees the holder 50% of the royalties from streaming one of his new songs

Music streaming crypto platform „Rocki“ has sold its first „Royalty Income Right NFT,“ a token that guarantees its owner 50% of all royalties generated from the streams of a specific track.

The token corresponds to a track titled „Cotton Eyes,“ released exclusively on Rocki by Maltese progressive house producer Guy J.

The ERC-721 token was auctioned along with an ERC-1155 token, dubbed „Listening Right,“ which allows the highest bidder to listen to the song for free.

The tokens were sold on the decentralized auction house Bounce.finance for 40 Ether, or about $26,000 at the time of this writing. Guy J said he was intrigued by the idea:

„I’ve always been interested in new music technologies and services that provide artists with new revenue and increase fan engagement.“

Rocki CEO and co-founder Bjorn Niclas described his royalty tokens by stating:

„Regardless of the initial size of their audience, artists can capitalize on their fanbase with the introduction of music NFTs.“

After coming out of stealth mode last month, the Rocki platform had more than 30,000 tracks uploaded by „several thousand“ independent artists. However, the platform has yet to release the public beta, although Rocki claims this feature will be rolled out „soon.“

The dance music industry is experimenting more and more with NFTs: just look at what producer deadmau5 has done, collaborating on two token launches in the past week.

On December 16, deadmau5 launched collectible tokens on the WAX blockchain: there were packs of 10 NFTs priced at $9.99 and 30 tokens sold for $28.40. The tokens were issued the day after a 30-second audio-reactive artwork, created by artist Sutu, was launched on the NFT SuperRare marketplace accompanied by a sound loop of deadmau5’s SATRN track.

Data i kjeden indikerer at Litecoin kan forberede seg på å gjøre et omfattende retningsbestemmelse denne måneden.

Viktige takeaways

• LTC-hvaler har økt sin beholdningsbalanse aggressivt.
• Den største stigningen i daglige LTC-adresser på seks måneder har blitt registrert denne uken.
• Litecoin er fortsatt utfordret med $ 90 daglig motstand når handelsmenn ser på $ 100.

Litecoin har gått inn i en konsolideringsperiode under $ 90-nivået etter at det populære altcoinet iscenesatte en stor teknisk gjenoppretting fra supportnivået på $ 64. Å holde dette nivået holder et $ 100-mål levende og godt.

Litecoin forbereder seg på sving

LTC har hatt glede av den siste oksekjøringen i forrige måned, så vel som de siste nyhetene om at det ville bli inkludert i PayPal’s nylige streif i kryptovalutaene.

On-chain data har også indikert at hvalene vender seg til Litecoin, selv om LTC / USD-paret handler mot toppen av det tolvmåneders handelsområdet.

Denne beregningen faller sammen med det bullish tilbaketrekningen over $ 70 støtte.

Adresser som inneholdt mellom 10 000 og 100 000 Litecoin begynte å selge noen av sine beholdninger 28. november, noe som indikerer at kortsiktige spekulanter tok fortjeneste etter å ha fått sterk årlig motstand rundt $ 90-nivået.

Bevegelse i Litecoins daglige aktive adresser antyder også at en stor retningsbevegelse kan være i horisonten. 1. desember fant den største spissen på seks måneder for daglige aktive Bitcoin Billionaire sted, og pekte på at nye penger kom inn i nettverket.

Historisk sett har toppene i daglige aktive adresser varslet store prisbevegelser, og peker på fortsettelsen av den rådende trenden eller starten på en ny.

Litecoins ukentlige tidsramme forblir positiv mens okser holder prisen over $ 65 støtteområdet, og plasserer $ 100 og $ 140 nivåer som gyldige oppadrettede mål i de kommende ukene.

Teknisk analyse fremhever at LTC-kjøpere må holde prisen over $ 65 for å stoppe en tilbakegang tilbake til $ 50-området.

På kort sikt kan unnlatelse av å overvinne motstandsbarrieren på $ 90 de neste dagene føre til at LTC-paret faller mot $ 80 eller til og med $ 70-området før opptrenden gjenopptas.