Bitcoin ETF Getting Public Attention

There is a certain amount of public interest on the positive outcome of the application of Chicago Board Option Exchange (CBOE) for Bitcoin-based Exchange Traded Funds (ETF).

So much so, that the US Securities Exchange Commission got 10 times more number of responses when the agency ask for opinions about the matter.

Arthur Hayes the co-founder and CEO of Bitmex exchange predicts that the market will significantly turn bullish with a positive ETF ruling.

He also states that a positive ETF might be a catalyst to climb through $20,000 and even to $50,000 by the end of the year.

Mass Adoption 5-6 years From Now According To Mike Novogratz

One of the most influential investor and analyst in crypto verse, Mike Novogratz talked about the future of cryptocurrencies, their global adoption and the coming blockchain revolution.

He reveals that a lot of institutional investors who has not entered in the space has a lot of information already about cryptocurrencies which only means that they are doing a lot of work knowing the new space.

This is what he views as the main reason why mass adoption will have to take about 5-6 years as there is a significant amount of education on cryptocurrencies and their various use cases.

Chinese Crypto Millionaires Buying Real Estate Abroad

A founder of one U.S. crypto real estate startup reveals that one-third of their clients comes from Asia, including Chinese investors seeking tokenized property rights through Hong Kong securities brokers.

According to a local news outlet, a real estate purchase in the Autonomous region does not require the same taxes and documentation as other financial assets held abroad, and investment in foreign real estate that goes through the same area enjoys the same treatment.

As the Chinese government clamp down on cryptocurrency activities last year, crypto holders have been looking at ways how to diversify their holding. One of the way is by buying real estate without going through a bank.

It must be noted also that the Chinese are not the ones who has been buying real estate, Europeans used bitcoins to buy luxury apartments in Dubai.

This just goes to show that more and more crypto holders are buying real estate especially those who owns a lot.

Facebook Restores Crypto Ads

Coinbase CEO reveals that Facebook has approved to display their ads on the social media platform.

This is a reversal of Facebook’s policy of banning cryptocurrency ads in their platform which they have implemented earlier this year in response to the ever growing cryptocurrency-related scam of this burgeoning industry.

With this reversal, the company will be implementing measures to ensure the protection of the investors, requiring would-be advertisers to show relevant licenses and background material to ensure that what they are offering will not turn to scam targeting unsuspecting investors.

However Facebook is still enforcing ban on initial coin offering and binary options advertisement due to their very risky nature.

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