Bitcoin ETF Could Attract Billions in New Investment: VanEck

A bitcoin ETF could attract billions of dollars in new investments, so the Securities and Exchange Commission (SEC) should treat pending proposals as an opportunity to regulate the crypto market, said crypto exchange-traded fund advocate Gabor Gurbacs. Gurbacs, the director of Digital Assets Strategy at VanEck, made this claim during an interview with CNBC Africa’s The post Bitcoin ETF Could Attract Billions in New Investment: VanEck appeared first on CCN

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Fidelity Investments Aims to Release Crypto Products by Year End

Fidelity Investments CEO Abigail Johnson has revealed that the company is working on a number of cryptocurrency and blockchain-related products and offerings, with their release tentatively fixed for sometime before the end of the year. Speaking on Friday at the Boston Fintech Week conference, Johnson declined to go into any specifics regarding what exactly Fidelity … Continued The post Fidelity Investments Aims to Release Crypto Products by Year End appeared first on CCN

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40 Percent of Ontario Cryptocurrency Investors Have Sold All Their Coins

A survey conducted in Canada’s Ontario province has sought to shed light on cryptocurrency investing habits in the region as well as the views of financial consumers and their understanding of the nascent technology. The study, which was compiled by the Ontario Securities Commission’s Investor Office, revealed that at the moment 5% of Ontarians, or The post 40 Percent of Ontario Cryptocurrency Investors Have Sold All Their Coins appeared first on CCN

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1 in 3 Germans See Cryptocurrency as an Investment Opportunity: Bank Report

German retail bank Postbank has reported that according to a recent survey, 29% of Germans believe that cryptocurrency is a desirable investment opportunity. The results from Postbank Digital Study 2018 were announced after 3,100 Germans were interviewed from the end of February to the end of March this year. One in two of the younger The post 1 in 3 Germans See Cryptocurrency as an Investment Opportunity: Bank Report appeared first on CCN

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47% of South Africans Plan to Invest in Cryptocurrencies

South Africa has the most sophisticated economy and financial sector on the continent, and its citizens are increasingly warming up to the idea of investing and trading in cryptocurrencies — despite regulatory concerns over such decentralised digital financial assets across the world. The MyBroadband 2018 Cryptocurrency Survey — completed in April — shows that more South The post 47% of South Africans Plan to Invest in Cryptocurrencies appeared first on CCN

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Global Blockchain Adoption Still Low, Gartner Survey Finds

Adoption and interest in blockchain technology by global information company information officers is low, says Gartner in its 2018 CIO Survey, although executives from telecom, insurance and financial services have shown keenness in planning to adopt the decentralized technology. Although financial services and insurance companies have been front-runners to blockchain activity across the world, Gartner The post Global Blockchain Adoption Still Low, Gartner Survey Finds appeared first on CCN

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$33.5 Million: Monex is Buying Hacked Cryptocurrency Exchange Coincheck

Major Japanese online brokerage has confirmed its foray into the cryptocurrency sector by announcing its acquisition of Tokyo-based exchange Coincheck for ¥3.6 billion ($33.5 million). In an announcement on Friday, Monex confirmed it will acquire 100% of all 1,775,267 shares at a cost of ¥3,600 million yen in a share acquisition agreement signed today. The The post $33.5 Million: Monex is Buying Hacked Cryptocurrency Exchange Coincheck appeared first on CCN

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Quebec Premier Disses Bitcoin Miners Seeking Cheap Power Rates in Canada

The post Quebec Premier Disses Bitcoin Miners Seeking Cheap Power Rates in Canada appeared first on CCN Quebec Premier Philippe Couillard has given the cold shoulder to bitcoin miners seeking to take advantage of Quebec’s cheap energy costs. Hydro-Quebec, the Montreal, Canada-based utility, warned last week that cheap power would not be available to every company expanding to the province, hinting the company could set a higher tariff on cryptocurrency miners. Couillard The post Quebec Premier Disses Bitcoin Miners Seeking Cheap Power Rates in Canada appeared first on CCN

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