Experts believe that the approval of a Bitcoin exchange-traded fund (ETF) may be a catalyst
Experts believe that the approval of a Bitcoin exchange-traded fund (ETF) could be the catalyst for Bitcoin to hit new highs.
In recent weeks, bitcoin enthusiasts have gone to great lengths to get the ETF approved. However, experts agree that this will only happen if there is a change in regulations.
The Winklevoss twins have been promoting their Bitcoin ETF for a while now and have even gone as far as filing with the SEC for approval. However, it seems they are getting nowhere with their efforts.
However, if the situation changes and the ETF is approved by regulators, it has the potential to become the catalyst driving cryptocurrencies like Bitcoin significantly higher.
Bitcoin has come a long way since its inception in 2009, when it was worth less than $0.01 per coin. In just six years, it has become one of the most popular cryptocurrencies today, with a market capitalization approaching $160 billion at press time (October 2018).
Investors watched the expansion of the network in South Korea, one of the biggest players in the crypto industry. The MKR token jumped to a high of $1,150 on Thursday, the highest level since August 16th. It has soared by more than 17% from the lowest level in August.
The MKR token jumped to a high of $1,150 on Thursday, the highest level since August 16th. It has soared by more than 17% from the lowest level in August. The main catalyst for the MKR price rally is the developer’s push into South Korea.
The blockchain industry has seen a lot of new entries. However, the MKR token has been on a hot streak courtesy of the upcoming introduction of its South Korean version, SubDAO.
MKR, the token of the MKR group, has surged more than 17% in just one day. Two factors have contributed to this surge: a new partner in South Korea, and a developer’s push into the country.
Today's Bitcoin price prediction is looking toward the future. Much like other sectors of modern finance, technology has been revolutionizing key aspects of our economy. From payment processing to securities trading, there are few areas of human activity that have yet to be disrupted by cryptocurrencies.
The Binance Labs, which is an incubator and venture capital fund arm of Binance Global, has announced the launch of ColLabs. The new community will bring together founders, builders and investors to foster connections and knowledge exchange.
The patterns that appear before the crossing of the trendline are usually followed by strong price movements on the upside. However, according to TradingShot, this time around a rather muted reaction from Bitcoin (BTC) traders could be because of the fact that its recent price action has been based on a fresh continuation wave with an inverted pattern.
The Venom Foundation, Numismatics and Numi Stories have a commitment to open up the crypto markets to the wider public. To achieve this, they are collaborating to bring the power and transparency of blockchain into the numismatic sphere.
For a lot of people, the Numo Stories project is something that will sink their teeth into. From the first glance at their website, it’s obvious that the team are passionate about what they do, and people will see that when they start playing. That is assuming you’re a fan of visual novels—but even if you aren’t, story-focused games and world building applications aren’t exclusively for gamers.
The project developed by Circle Internet Financial Ltd and led by an experienced blockchain technology team, provides its users with the option of depositing and redeeming dollar-backed tokens with an on-chain stablecoin that vaults against the US dollar.