📌 Bitcoin ETN is now available for US investors
This new instrument tied to Bitcoin... can it be an alternate to ETF?
The Bitcoin ETN was added to the Nasdaq Stockholm stock exchange in 2015. Then investors could use CoinShares to purchase a note. Yesterday, Bitcoin Tracker One became available not only for European but also for American investors.
Many people (including Tom Lee) have already expressed the view that ETN can be a way out of the current situation regarding Bitcoin ETF. However, these 2 tools should not be compared without taking into account some details. Exchange notes are debt obligations of banks, the value of which is tied to the price of an asset, and the basket of these assets. Usually, notes are tied to futures or bonds; ETN also does not imply the purchase of Bitcoin directly, but it is also a related tool.
The main difference between ETN and ETF is that, in the case of a note contract, the bank is not required to purchase a key asset, for example, a cryptocurrency. However, the company undertakes to pay a certain amount.
Many experts are sure that the future of ETN is broad, or it can help to recover the market. However, the risks of notes, despite that they already tradable, are still not investigated.
📌 Can blockchain brings more democracy?
«Meet the man with a radical plan for blockchain voting»: new Democracy.Earth startup can change the world
The most of cryptocurrency and blockchain enthusiasts are confident that this technology can potentially bring the real democracy to the people. Moreover, the first voting on the blockchain-based systems has already taken place in some regions of the world. But, we also know that not always some big idea can be realized in life.
“We are not in the business of selling e-voting machines or helping modernize governments with internet voting. We want to empower people down to the individual level without asking for the permission of governments.”
Moreover, voting-by-token can be used in the new ecosystem of collective decision-making. Every voice will be absolutely independent, say the developers, and this will help not only correctly regulate the process of referendum or even presidential elections, but get rid of suppressive institutions, realizing basic rights.
According to Siri (team, code), early in 2018 Democracy.Earth raised $1.5 million during presale.
And how do you think, it is possible to "transfer" all the votes and collective decision-making on the blockchain? Is it necessary, or not?
💰Market Cap: $207 475 506 836
💵24h Vol: $13 018 221 518
📊 Prices TOP 16.08.2018
↗️↘️Bitcoin: $6 408
↗️↘️ETH: $291
↗️↘️XRP: $0,295601
↗️↘️BCH: $527
↗️↘️EOS: $4,69
↗️↘️XLM: $0,218291
↗️↘️LTC: $56
↗️↘️ADA: $0,095911
↗️↘️USDT: $1,00
↗️↘️MONERO: $92,19
♻️ Exchanges
📌 Thailand is now more open to crypto
Thailand regulators authorized the activity of 5 crypto-exchange companies
Securities and Exchange Commission in Thailand recognized the legitimacy of 5 cryptocurrency exchanges (and 2 crypto broker dealers). Such loyalty is explained by the opportunities for the development of the country's economy.
These exchanges are:
At the moment, Thailand is not on the list of the most favourable countries for the use of various financial instruments: now the government of the country can be described as a dictatorship. However, the last changes have become quite positive relative to the crypto-currency market.
📌 The Ocean, decentralized institutional exchange, has open
The Ocean CEO is sure that this platform will be truly decentralized
New trading platforms are opening the new levels of trading, its providing and opportunities. The Ocean, a trading platform that uses Ethereum blockchain technology through 0xProject, has the goal of completely decentralizing trade to both traditional financial and cryptocurrency assets. Really?
Co-founder and CEO of The Ocean (and also former VP at Goldman Sachs), John Piotrowski says:
“The non-custodial exchange concept is a natural extension of cryptocurrency and blockchains, but due to a variety of technological and regulatory challenges, no one has successfully built the right platform – until now.
We’ve taken the approach to build a properly regulated, high performance, institutional grade platform that replicates the centralized trading experience and offers the full suite of services traders of all types expect, but in a no-risk way.”
Don`t you know? xRapid (Ripple) brings on 3 new exchange partners — read more. (Bittrex, Bitso and Coinsph).
📌 More updates
--- Ethereum Classic Coinbase listing: 16 Aug 2018 ---
- IOTA is now listed on Upbit. Trinity Desktop Wallet Beta is also can be downloaded on mobile.
- Dash has a vulnerability: zawy12 thinks that Dash clones already start suffering from powLimit attack.
- LightPayCoin (LPC) is now available on Cryptopia exchange.
- Content Neutrality Network (CNN) will be listed on Coinex this day.
- Mithril (MITH) will be listed on Bitrabbit.
- Line (japanese leading social media corp.) adds TRX (TRON) to its Bitbox exchange.
What`s next? Must-know that Unibright and NEM announced partnership. And more, Vechain and Lisk tokens are pumping because of the latest project updates.
We are sure that this is not all that happened today. Do you know more? Share information in comments.
💱 Exchanges: 24h volume
Binance 1.45B → 18.29%
Huobi 965.97M → 12.21%
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