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Finally Bitcoin Spot ETFs are approved
The crypto ecosystem has been impatiently waiting for the news that will come from the Security Exchange Commission (SEC) over the approval or rejection of Bitcoin Spot ETFs.
Though there are Bitcoin Future ETFs, the spot ETFs require issuers to buy Bitcoin from the market and secure them in cold wallets. The investors are likely to demand the cold wallet addresses of the issuers to track them.
It's a big day for crypto space as now Bitcoin is officially an asset. It's a long journey for Bitcoin where it has taken 15 years to be here, but undoubtedly approving Bitcoin is part 80 of is the biggest move in the Crypto industry. These big asset management companies will be trying to grab this opportunity and create more demand for Bitcoin through the SPOT ETF.
Do you think this will positively impact the Bitcoin price?
Hive has been around for a little and Even in this period, there has been so much in the area of development. In the world of technology and cryptocurrency, the speed of innovation and development makes a bigger impact, and this platform has been the one creating a significant move here. We know that the transaction settlement happens instantly with zero transaction fee, however, some chains are still struggling with the transaction cost. Now the question is even though we provide the free transaction settlement and there is no capping on the amount which means there is full liberty on the transaction that can be performed without worrying about the cost.
Do you think in this environment when the projects are getting more competitive high will be able to compete on the same level?
Indian government is now focusing more on the regulation and they have already issued the show causeway notice to the nine international exchanges last year. Now following the next step they have started banning the application for some of the exchanges on Apple App Store. Some of the applications are removed from the app store and this list includes Binance, MEXC and Kucoin etc.
As of now the existing applications are working and it is a problem for New Jersey because they cannot download or install it however it is still a problem for the existing users because they have no idea when the application might also stop working.
Now the exchange has come forward and shared an update that they are working with the relevant authorities to resolve the problem and they are focused on the Indian market. Binance is trying to be helpful for Indian users
The world is a bigger place and a lot is going on. Be technology politics or geographical areas. When we go through the news articles we get to see how the world is reacting on different topics and seems like these are not necessary sometimes however depending on the different situations it looks important as well hence it is worth reading what is going on in the world on different segments.
Indian citizens refusing to visit the Maldives and it's because of a controversy. Maldives is one of the players that many Indians like to visit as a tourism spot and undoubtedly it is a nature-rich place that is worth visiting but when it comes to supporting the country then people choose to go with the country, and this is why many Indian people are not going to visit this place. Even some of the people who have booked their travel plans have cancelled it which is going to impact the economic situation for the Maldives.
Maldives will suffer the exit of Indian tourists and It is good if they work on clearing this conflict between India because India has been supporting them in different matters. Let's see how it goes and how these two countries resolve the conflict which can benefit the Maldives more because tourism is one of the best revenue sources for this island.
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