Crypto in Press [2018-06-10] #3 - Bitcoin ETF, Where Have Crypto Cards Gone?, LA Bitcoin Trader and more
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#1 Bitcoin ETF Coming ‘Sooner Rather Than Later,’ Says Bitwise
#2 Where Have All The Crypto Cards Gone?
#3 LA Bitcoin Trader Faces 30 Months in Jail for Illegal Money Busines
#4 Just Diversify? With Crypto Portfolios, It's Not So Simple
#5 Bitcoin Price Fell 11% in 24 Hours
1. While the price of Bitcoin continues its downtrend, it’s safe to assume that institutional investors are waiting for the holy grail of all catalysts: a Bitcoin exchange-traded fund. According to one expert, you can see the prized ETF on the horizon — if you squint hard enough and get out your binoculars.
Read more on: http://bitcoinist.com/bitcoin-etf-coming-sooner-rather-than-later-says-bitwise/
2. Back in 2017, cryptocurrency cards were all the rage. Touted as a solution for the limited cryptocurrency market, they promised a new age of crypto — we just had to wait for it. Well, it’s summer of 2018 now, and we are still waiting. Something has clearly gone wrong.
Read more on: https://coinidol.com/where-have-all-crypto-cards-gone/
3. A Los Angeles bitcoin trader faces more than two years in jail for having operated what prosecutors say is an illegal money transmitting business.
Read more on: https://www.coindesk.com/la-woman-faces-30-months-in-jail-over-illegal-bitcoin-business/
4. Tanzeel Akhtar is an independent British journalist whose work has been published in the Wall Street Journal, CNBC, FT Alphaville, Investing.com, Forbes, Euromoney and Citywire.
With over 1,560 cryptocurrencies for investors to choose from, the abundance can seem overwhelming.
But it also raises an interesting question: How important is it to have exposure to a range of cryptocurrencies? Is it worth diversifying your holdings in order to mitigate risk? The work of Harry Markowitz might lead you to think so.
Read more on: https://www.coindesk.com/just-diversify-crypto-portfolios-not-simple/
5. Many analysts and mainstream media outlets including Bloomberg and WSJ have attributed the recent decline in the bitcoin price from $7,500 to $6,700 to the hacking attack suffered by Coinrail, a minor cryptocurrency exchange in South Korea. However, the reasoning behind the attribution of the latest correction to Coinrail is incorrect, given that Coinrail is a small exchange with a low daily trading volume used by a small portion of investors in South Korea.
Read more on: https://btcearn.ru/bitcoin-price-fell-11-in-24-hours-what-triggered-the-fall-and-what-lies-ahead/
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