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ETF Blues? Check These Alternative Exchange-Traded Bitcoin-Backed Instruments

A Bitcoin trading frenzy ensued in the weeks and days leading into the Securities and Exchange Commission’s rejection of the Bitcoin ETF. Many investors might be interested to know that numerous regulated Bitcoin-backed instruments exist across several traditional markets already. A Bitcoin ETI A bitcoin-backed ETN (Exchange-Traded Note) was approved back in 2015 in Sweden […]

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Not Even the ‘Great Firewall’ Can Stop OTC Bitcoin Trading in China

Facebook, Twitter, the New York Times and…Localbitcoins. In China, they’re all inaccessible behind the ‘great firewall’, which refers to internet censorship in the so-called ‘red dragon’. Since the introduction of revamped regulatory measures by most Chinese Bitcoin exchanges, bitcoin trading seems to have, at least in part, shifted to over the counter markets; in particularly, Localbitcoins. […]

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Don’t Miss the Fine Print on That Bitcoin ETF

The hyped decision by the SEC about a Bitcoin ETF could either make bitcoin available on mainstream trading and investment platforms for Middle America…or not.   This would mean mainstream investment platforms offer bitcoin as a US-regulated stock. “This will make the price go to mars,” says a Bitcoiner on Reddit. Indeed, a potential Bitcoin […]

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Here’s (Most of) What Has Happened to Bitcoin in China So Far in 2017

2017 for bitcoin has already been dizzying. The price broke $1,000 on January 1 and, last week, it broke through an all-time high. The price gains have come as a flurry of events in China, where the digital currency is defined as a ‘virtual good’, have left the Bitcoin scene there in disarray.  2017 On January […]

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One Bitcoin Worth More Than One Ounce of Gold for First Time

One bitcoin has now, at least briefly, been worth more than one ounce of gold, hitting $1239.9 at the bitcoin exchange Bitstamp, while an ounce of gold was priced at $1238.67. The last time a single bitcoin might have been worth more than an ounce of gold happened in November 2013, more than three years ago. Having […]

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Russian Bank Executive Says Bitcoin is the Only Successful Blockchain

Over the past couple of months, Russian politicians and banks have been changing their tune when it comes to blockchain technology and cryptocurrency solutions. On February 21 Nikita Smirnov vice president of the state-owned bank Vnesheconombank had some positive things to say about the digital currency bitcoin. In fact, Smirnov believes the Bitcoin network is […]

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