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News 29/03/18 2nd Half. Don't forget to Join Our Telegram @ https://t.me/Ecrypto2
đ¤1."Smart Money"-Big Investors Will Make âAll Hell Break Looseâ In Crypto In 2018, Says Abra CEO;
Speaking to Business Insider two weeks after the startup announced it had raised $40mln in new funding since October, CEO Bill Barhydt said western institutional money would begin to âdip its toesâ into crypto assets in 2018. In doing so, Barhydt continues a popular narrative that institutional investors âwaitingâ for an opportune moment will transform Bitcoin and major altcoin price performance. âThere really is zero large-scale institutional money from the west in crypto right now. That is happening in Japan,â he continued.
đ2."Green Light"-Cboe Strongly Asks SEC to Allow Bitcoin ETFs to Enter the Financial Market;
Cboe Global Markets, Inc. (Cboe), one of the largest exchanges in the world, urged in a letter the U.S. Security and Exchange Commission (SEC) to clear the way for Bitcoin exchange-traded-funds (ETFs) which are trying to join the financial market. In a recent letter, Concannon gave a detailed explanation of each point of SECâs objections. He also claimed that an ETF would ensure a more transparent and accessible way of earning digital currencies than the traditional spot market. Furthermore, he assured that the company dealing with cryptocurrency exchange has taken a tough approach to detect and prevent manipulation in the bitcoin futures market.
âŻď¸3."BitFinex Swiss"-Worldâs Fifth Largest Crypto Exchange Bitfinex Wants To Move To Switzerland;
British Virgin Islands-based Bitfinex, the fifth largest crypto trading platform in the world in terms of trading volume, intends to relocate its business to Zug, Switzerland, Cointelegraph auf Deutsch reported Tuesday, March 27. Jean Louis van der Velde, CEO at Bitfinex, confirmed the exchangeâs plans to the Swiss business newspaper Handelszeitung Tuesday. The Bitfinex leadership has reportedly met several times with the State Secretariat for International Finance SIF and also with the Federal Councilor Johann Schneider-Ammann, who heads the Economic Department of Switzerland.