Tag: bitcoin

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Crypto Finance News

Max Keiser talks Bitcoin in the Latest Interview

Max Keiser is a veteran when it comes to Wall Street. He has plenty of experience and recently he shared with us some of his predictions for Bitcoin. When it comes to this coin, Keiser’s show, The Keiser Report was one of the first ones that covered it, almost 7 years ago.

One of the first ones to buy Bitcoin

Max Keiser recommended Bitcoin back in 2011, when it was priced at $3. Later that year, Bitcoin’s price went under $1, so a lot of persons had a chance to buy it. When Max Keiser was asked if he believes that Bitcoin will be “the single currency for the internet”, he agreed.

Bitcoin manipulation

Keiser also discussed about the possibility that Bitcoin could be manipulated. He believes that there is no proof of manipulation when it comes to comes to Bitcoin futures contract. He believes that the low price of Bitcoin and the launch of Bitcoin Futures is just a timing coincidence.

He also believes that we might see some important investors on the crypto market in the future: “On the flip side, I think the futures contract will be a factor with the next leg of the rally to new all-time highs. Investors like George Soros and the Rockefellers will use these instruments to hedge positions and so can build much bigger positions.”

The future for banks

Keiser was also asked whether he believes that banks are quietly buying Bitcoin in order to use it as a hedge in the future. According to Max, this is definitely true and he knows him. However, Keiser says that banks are not buying enough Bitcoins in order to save them. “If you know someone who works for a Central Bank, kiss them goodbye. It’s over,” he added.

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Crypto Finance News

A Canadian Mining Firm Just Gave Up Gold for Bitcoin

A Canadian mining firm has surrendered when it came to burrowing gold and has moved to scouring the web to search for an alternate sort of valuable resource – Bitcoin, which it found to sparkle brighter.

So what’s the plan?

MX Gold Corp. (TSX-V:MXL) (FSE:ODV) (OTCQX:MXLGF) has sold its whole mining portfolio to a few privately-owned businesses for CDN$14,952,000 in the wake of marking a non-restricting letter of plan and four official agreements. It would utilize the returns to grow its current and fruitful computerized money mining pilot plan of 360 mining units by purchasing an extra 2,000 mining units under its currency lease plans in Manitoba.

The previous fall, the company deliberately investigated an elective plan of action through the formation of an unassuming digital money pilot investment in Manitoba, said Dan Omeniuk, the CEO of MX Gold.

He also stated that the low cost of entry joined with vital connections of the board resulted in the company starting a little scale cryptographic money mining task of 360 mining units that ended up operational in January 2018. To date, the organization has changed over 2.5 mined Bitcoins into net money of CDN$30,750 and right now holds an extra 12 Bitcoins in the company’s Bitcoin wallet.

Is this really helpful?

The move from gold mining to a vast scale of cryptographic money mining task is the best course for the company’s development and give a superior come back to its investors, as Omeniuk said. He included that the choice is additionally upheld by the administration and the board, in light of the difficulties looked by the firm in raising extra finances caused by the Cease Trade Order, and also the capital seriousness and administrative issues, related with propelling its mineral investigation projects towards production.

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Finance News

Bitcoin is Unexpected and that Did Not Discouraged Merchants

What’s the fate of Bitcoin?

As the cost of Bitcoin goes rapidly to the sum of $8,000, questions stay over the eventual fate of Bitcoin. Late control brace downs, overwhelming value decreases and government announcements that bitcoins ought to be dealt with as a product as opposed to a currency, if not burst the rise, in any event, pricked it a bit.

Japan, which is thought to be the profound home of Bitcoin, through its Financial Services Agency (FSA), has apparently been getting ready to tell Binance, the world’s biggest digital currency trade with over $1.8 billion worth of cryptographic money traded every day, to stop operations in Japan, until the point that the vital regulatory rubber stamp has been given.

Bitcoin to become the single currency on the web?

While the current sharp decreases made some genuine inquiries about Bitcoin and different digital forms of money, what’s to come isn’t as prophetically calamitous as some have imagined being. Prior this week, Twitter’s founder Jack Dorsey revealed to The Times that the world, at last, will have a single currency and that the web will have a single currency. He then said that it truly believes it’ll be Bitcoin.

What’s more, Jack, who is somewhat of a bitcoin evangelist himself, has a justifiable reason to see a positive future for Bitcoin. In these recent times, merchant adoption has been consistently expanding for the Bitcoin Cash (BCH) biological community, empowering adoption with loadable Visa platinum cards.

There has been significant merchant development in Europe, North America, Asia and South America, with volume expanding for Bitpay at 328% year after year, from 2016. BitPay’s merchants alone are in receipt of over $110M in Bitcoin payments each and every month.

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Markets

Securities Commission approves launch of first ETF Blockchain in Canada

Interested persons can now invest in companies and projects associated with Blockchain technology through the Canadian Stock Exchange.

The Ontario Securities Commission officially approved the launch of the first tradable fund (better known as ETF) related to Blockchain technology in Canada, which will be marketed on the Toronto Stock Exchange next week.

The company responsible for this initiative is Harvest Portfolios , an independent investment management company based in Canada, which presented the respective documentation for the launch of its Blockchain Technologies ETF (identified under the acronym HBLK ) during the month of January, with the intention of providing the opportunity for Canadian investors to make purchases in the technology sector underlying the digital currencies. This was reported by the news agency The Globe and Mail .

The respective fund is intended for the investment of “equity securities by related companies – directly or indirectly – in the development and implementation of Blockchain technology ” , which is why the company intends for the ETF to track projects associated with decentralized ledger technology, assigning a reputation index so that interested persons can invest in them.

According to The Globe and Mail, there are two other companies based in Canada that are also trying to launch funds associated with Blockchain technology . These are First Trust Portfolios Canada and Evolve Funds Group Inc. , which have already introduced the respective documentation before the responsible body this week.

Originally, First Trust already has a presence in the US markets and has arranged its ETF Blockchain in the country for interested investors .

On the decision to bring this type of operations to Canada, Karl Cheong, ETF head for First Trust Portfolios Canada , commented:

“In every conversation we have with our clients, regardless of whether we are talking about a Canadian or American rental product, there is always the issue of Blockchain or Bitcoin … there is a lot of interest in these areas in the markets.”

For its part Evolve Funds Inc. stated that its proposed ETF Blockchain in Canada would be the first “actively managed” that will be available to Canadian investors, since the product will position the company to “capitalize opportunely the emerging proposals in the industry that result promising. ”

According to information published in a press release, the respective fund will invest in “equity securities by issuers related to the research, development and / or use of Blockchain technology , or who participate in the production of hardware and associated applications”.

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